Category: Business

Nigeria Customs Announces Agreement for Nigerian Importers to Clear Goods in Cotonou Ports

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The Acting Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has announced that Nigerian importers will soon be able to clear their goods in the ports of Cotonou, Benin Republic. This development comes after a two-day meeting between customs officials from both countries to strengthen trade relations and combat smuggling. Adewale Adeniyi explained that this agreement builds trust in the customs systems of Benin Republic, allowing Nigerian importers to use Cotonou ports and clear their goods there. They will have the opportunity to pay duties for taxable goods in Cotonou,…

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Lagos Government Takes Swift Action Against Oshodi-Apapa Truck Congestion

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The Lagos State Government has given truck drivers along the Oshodi-Apapa Expressway a 24-hour ultimatum to leave the road or face consequences. They have also stated their intention to seize vehicles and take legal action against violators after the ultimatum expires. The Head of Operations for the Lagos State Special Committee on Apapa Gridlock, Mr. Hassan Adekoya, emphasized that they have engaged with stakeholders in meetings to stress the importance of keeping the Oshodi-Apapa Expressway and Apapa Road clear of trucks. Adekoya assured that their enforcement team would restore order…

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Nigerian Navy Destroys Vessel Laden with Illegally Refined Oil

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The Nigerian Navy has taken action against illegal oil bunkering by setting fire to the vessel MV OFUOMA at Abuloma jetty in Port Harcourt, Rivers State. The vessel, carrying around 20,000 illegally refined products, was seized by the Joint Task Force Operation Delta Safe, along with a wooden boat used for transferring the illicit products. After confirmation from the Nigerian Mainstream and Downstream Petroleum Regulatory Authority that the products were indeed illegally refined, the vessel and wooden boat were destroyed in a safe location far from the shore. Rear Admiral…

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NLC Directs Workers to Resume on Thursday Following Warning Strike

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The Nigeria Labour Congress (NLC) has expressed gratitude to its affiliate unions and members for their support during the two-day warning strike. The NLC President, Comrade Joe Ajaero, stated in a letter that the strike effectively conveyed the message to the government about the hardship caused by petrol subsidy removal. The NLC is calling for a graceful conclusion to the strike and a return to work while emphasizing that they remain committed to defending Nigerian workers and may consider an indefinite nationwide strike if necessary. Share on: WhatsApp

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Nigerian Upstream Petroleum Commission Denies Misappropriation Allegations

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Nigerian Upstream Petroleum Regulatory Commission Dismisses Allegations of Misappropriation and Political Donations, Calls for Evidence to Support Claims. The management of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted baseless accusations made by the workers’ union. The allegations included misappropriation of N10 billion virement and N4 billion donations to political parties for 2023 general election campaigns. In response to the claims, the regulatory agency challenged the accusers to provide concrete evidence to support their allegations and make the details of the alleged wrongdoings public. The NUPRC also denied any…

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Canada Welcomes Skilled Workers from Nigeria and Others in Critical Trades

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Canada has extended an invitation to skilled workers, including carpenters, plumbers, and welders from Nigeria and other countries. The Immigration, Refugees and Citizenship Canada (IRCC) has established an immigration pathway for individuals with expertise in carpentry, plumbing, and welding. The country aims to meet the increasing demand for talent in these crucial positions to support its economic growth and development. The Canadian Express Entry (EE) system has been tailored to provide a streamlined pathway for skilled workers in critical fields. The selection rounds for these categories will continue alongside general…

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Polaris Bank receives recognition for Supporting Women Empowerment

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                      The International Women Society (IWS) Skills Acquisition Centre, Lekki, Lagos has honoured Polaris Bank with the prestigious ‘Providers & Enablers’ Award in recognition of the Bank’s remarkable commitment and significant contributions to women empowerment, particularly in the area of vocational, skills training and capacity building for women, as undertaken by the IWS . The award ceremony was held at a special graduation ceremony last Thursday, July 27, 2023, at IWS Skills Centre, Lekki, Lagos. Esteemed representatives from various organizations, community leaders, and women who have benefitted from the vocational…

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President Tinubu Appoints Special Investigator to Probe CBN

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President Bola Tinubu recently appointed Jim Osayande Obazee as a Special Investigator to look into the Central Bank of Nigeria (CBN) and Related Entities in a significant move to fight against corruption. In a letter dated 28th July 2023, President Tinubu emphasized the importance of Obazee’s role in blocking leakages from the CBN and ensuring probity within key government business entities. The appointment gives Obazee the authority to investigate corrupt individuals and establishments, both in the private and public sectors, to uncover the extent of public wealth held by such…

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Okra Farmers in Nigeria Face Dire Situation as New Virus Ravages Crops Nationwide

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Okra growers in Nigeria are grappling with a severe crisis as a new virus wreaks havoc on their farms. The outbreak of this virus has spread across several states, including Oyo, Ogun, Osun, Ondo, Ekiti, Lagos (Southwest), and Niger. Reports indicate that over 70% of okra plantations have been destroyed in affected areas. Okra, a widely cultivated vegetable in Nigeria, holds significant economic and nutritional value. It is a staple crop grown on both large and small scales, providing income to farmers and serving as a valuable source of essential…

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Average Cooking Gas Prices Experience Decline in June 2023, NBS Report Reveals

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The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) experienced a decline of 6.71% on a month-on-month basis, dropping to N4,068.26 in June 2023 from N4,360.69 in May 2023. On a year-on-year basis, it decreased by 3.56% from N4,218.38 in June 2022. Kwara recorded the highest average price for refilling a 5kg cylinder at N4,750, followed by Niger at N4,691.16, and Zamfara at N4,683.33. On the other hand, Ondo had the lowest price at N3,287.86, followed by Ekiti and Nasarawa at N3,288.46 and N3,364.62,…

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