Customs WMC rakes in over 4,000 parcels of illicit drugs in 1 month
In its continued efforts to purge the Western Waterways of the offensive activities of smuggling, the Western Marine Command (WMC) of Nigeria Customs Service (NCS), has intercepted and seized 51 Sacks containing 4,070 parcels of Cannabis Sativa in January 2024….
Relocation of CBN Depts., FAAN to drive efficiency—FG
The Federal Government has said that the relocation of the headquarters of the Federal Airports Authority of Nigeria (FAAN), and some departments of the Central Bank of Nigeria (CBN) will increase operational efficiency and reduce operating costs. In a statement,…
CBN injects $500m into forex market to rescue ailing naira, but…
The Central Bank of Nigeria (CBN) has pumped an additional $500 million into the volatile foreign exchange market to address persistent transaction backlogs. The latest development from the bank of Lenders of Last Resort (LoR) comes barely a week after…
How Customs Area II Onne Port Command Grew Revenue in 2023
The Nigeria Customs Service, Area II Command, Onne Port, Rivers State has jerked up revenue generation far above its target.Speaking at the event, weekend in Port Harcourt, the Rivers state capital, the Customs Area Controller, Comptroller Baba Imam stated that…
FMN grosses revenue growth to 51.1% y/y
Flour Mills of Nigeria Plc (FLOURMILL) published its Q3-24 unaudited result after market close on Friday (26 January), reporting standalone EPS of NGN2.65 (Q3-23: NGN0.90) underpinned by solid revenue growth of 51.1% y/y. Meanwhile, the 9M-24 EPS settled at NGN0.22…
FG begins investigation on Chief of Naval Staff over oil thieves’ saga
The federal government has ordered an investigation into allegations of corruption against the Chief of Naval Staff, Vice Admiral Emmanuel Ogalla. Ogalla is accused of providing security for oil thieves and receiving huge sums in return against the federal government’s…
Minister, NIMASA seek synergy for success of Port Efficiency
The Honorable Minister of Marine and Blue Economy, HE Adegboyega Oyetola, led a delegation from the Ministry, including the DG NIMASA, Dr Bashir Jamoh, and MD NPA Bello Koko to the International Customs Day Celebration in Lagos. The Honorable Minister…
Business operators hail stakeholders for restoring electricity in complex
Finally public power supply has been restored at the Lagos International Trade Fair complex, Badagry Expressway after years of suffering. Speaking to Business Hilights in an exclusive interview in his office on Monday, the Chairman of Stakeholders who doubles as…
Adeniyi rolls out Strategies for Meeting 2024 Revenue Target at RMFC
The Nigeria Customs Service (NSC) has briefed the Revenue Mobilisation and Fiscal Commission (RMFC) on its various activities, procedures, and measures aimed at increasing revenue generation, fiscal efficiency, and blocking revenue leakages. Comptroller-General of Customs (CGC) Bashir Adewale Adeniyi MFR…
Dangote Cement fetes distributors at Awards night in Lagos
In keeping with its corporate strategy in rewarding continued loyalty, the management of Dangote Cement Plc, at the weekend rolled out the drums to celebrate its teeming distributors across the country. The funfair and celebration were in appreciation of its…
