The Federal Government has suspended the implementation of contentious provisions in the Financial Reporting Council (Amendment) Act 2023 following concerns raised by private sector stakeholders. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday. She said the suspension followed a series of high-level consultations with key industry…
•The Head of Brands and Communications, Zedcrest Group, Oyinkansola Adeboye. Zedcrest Group has declared its support for the Lagos State Government and MacTay, ICT skill acquisition program for graduate trainees which comes with employment opportunities. The Head of Brands and Communications, Zedcrest Group, Oyinkansola Adeboye made this disclosure during the graduation ceremony for the 2024…
Image credit: Afreximbank ‘He succeeds Benedict Oramah, a professor, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September.” The shareholders of the African Export-Import Bank (Afreximbank) have appointed George Elombi as the next President and Chairman of the Board of Directors of…
” Comptroller-General of Nigeria Customs Service, Bashir Adewale Adeniyi, said: “I am deeply grateful for my election as Chairperson of the Council.” The World Customs Organization (WCO) Council, the governing body of the organization, comprising the Heads of 186 Customs administrations, has formally endorsed Mr. Bashir Adewale Adeniyi, Comptroller-General of Nigeria Customs Service, as its…
“You buy minutes, not airtime. If your call ends in 30 seconds, you still have 99 minutes and 30 seconds left. “ Lebara, a new telecom operator has made its entry into the Nigerian market with the introduction of its unique 0724 number. Nigerian Communication Week reports that Lebara is leveraging its status as a…
The Nigeria Customs Service (NCS) has again been commended by the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, for its remarkable strides in customs modernisation and trade facilitation. The recognition came during the 145th/146th Sessions Opening of the Customs Co-operation Council, held on Thursday, June 26th, 2025, at the World Customs Organisation…
• President Bola Tinubu shake hands with FIRS Chairman, Zaacheus Adedeji, after he had signed the new tax laws. On Thursday, June 26, 2025, President Bola Ahmed Tinubu officially signed into law four Tax Bills aimed at reforming Nigeria’s tax system. The four bills were the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue…
“Despite global headwinds, Africa’s trade rebounded strongly in 2024, with trade between African countries growing by 12.4% to reach US$220.3 billion, from a contraction of 5.9% in 2023. This shows the tangible benefits of AfCFTA implementation, even as the continent contends with rising inflation, sovereign debt risks, and a persistent trade finance gap.” Dr. Yemi…
Baladna’s Marketing and Communications Director, Aladdin Idilbi, has clarified that the Qatari firm and the Ogun State government hadn’t signed any agreement on building a multi-million dollar factory. Idilbi, in a WhatsApp message, said, “To clarify, the visit to Ogun State Governor, Dapo Abiodun, was purely exploratory, aimed at assessing potential sites for arable and…
Qatar’s dairy giant Baladna Food Industries is bringing in a multi billion dollar investment into Nigeria dairy industry, specifically in Ogun State. The investment which has already been approved by the State’s Governor, Dapo Abiodun, is expected to boost local dairy production and food security. Governor Abiodun, said ” If you could meet 35 percent…
