Category: Business

Nigeria, Belarus sign Customs Cooperation deal to boost Trade and Economic integration

Lukman Laleye Babalola

The Nigeria Customs Service (NCS) has taken another decisive step in its international engagement strategy with the signing of a bilateral Memorandum of Understanding (MoU) on Cooperation and Mutual Assistance in Customs Matters with the Republic of Belarus.   The agreement was concluded on Friday, June 27, 2025, as a key side event during the ongoing 145th/146th Sessions of the Customs Co-operation Council at the World Customs Organization (WCO) Headquarters in Brussels, Belgium.   The MoU was formally signed by the Comptroller-General of Customs, Bashir Adewale Adeniyi, on behalf of…

WAES 2025: Tinubu pushes for Inclusive Regional Cooperation, Investment

Lukman Laleye Babalola

President Bola Ahmed Tinubu, on Saturday, June 21, 2025, led West African leaders in a bold call for enhanced regional economic integration as he hosted the maiden West Africa Economic Summit (WAES) at the Bola Ahmed Tinubu International Conference Centre, Abuja.   The two-day summit, which concluded today, was convened by President Tinubu in his capacity as Chairman of the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS). It preceded the 67th Ordinary Summit of ECOWAS, scheduled for Sunday, June 22, 2025,…

CAC flags Off Youth Business Registration Drive in Bayelsa, applauds ₦500m Interest-Free Startup Fund

Lukman Laleye Babalola

As part of its ongoing efforts to deepen youth empowerment and promote economic inclusion across Nigeria, the Corporate Affairs Commission (CAC) has launched a special youth business registration drive in Bayelsa State. The initiative was unveiled during the official flag-off of the Bayelsa State E-Commerce Entrepreneurship Program (BEEP), themed “Made in Bayelsa, Sold to the World.” The CAC Registrar General Ishaq Hussaini Magaji who led CAC delegation to the event introduced the new youth-focused registration scheme tailored to assist young Nigerians in formalizing their businesses and unlocking access to vital…

CAC, Global Rights partner to enhance NGO regulatory compliance

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) and Global Rights Advocates for Sustainable Justice have initiated a strategic partnership to improve regulatory awareness and compliance among Non-Profit Organisations (NPOs) across Nigeria. This development emerged during a courtesy visit by a delegation from Global Rights to the Registrar-General and Chief Executive Officer of CAC, Hussaini Ishaq Magaji, at the Commission’s headquarters in Abuja. Speaking during the visit, the Programme Manager of Global Rights, Edosa Oviawe, noted that despite the critical role Civil Society Organizations (CSOs) play in national development, many are found wanting…

Nigeria Customs, Trade Ministry launch Nigeria–East/Southern Africa Air Cargo Corridor … Targets 50% Export Freight Reduction to boost AfCFTA Trade Integration

Lukman Laleye Babalola

The Nigeria Customs Service (NCS), in partnership with the Federal Ministry of Industry, Trade and Investment (FMITI), has officially launched the Nigeria–East/Southern Africa Air Cargo Corridor, signaling a bold step in regional trade facilitation under the African Continental Free Trade Area (AfCFTA) framework. The landmark flag-off ceremony held on Sunday, May 25, 2025, at the Nnamdi Azikiwe International Airport, Abuja, brought together key stakeholders from government, aviation, and logistics sectors. The Comptroller-General of Customs, Bashir Adewale Adeniyi, and the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, led the…

CAC partners Malaysian Institute of Management to boost executive capacity, promote corporate excellence

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) has partnered with the globally acclaimed Malaysian Institute of Management (MIM) to enhance the capacity of its top executives through an intensive training and development programme.   The MIM, established over five decades ago, is renowned for promoting high standards of leadership and management across both public and private sectors, offering world-class professional education and networking platforms. It has reportedly trained over one million professionals and transformed more than 5,000 companies through its leadership excellence initiatives.   Leading a team of 11 senior executives to…

CGC Adeniyi backs Renewed Hope agenda, inspects locally made vehicles

Lukman Laleye Babalola

In support of President Bola Ahmed Tinubu’s Renewed Hope Nigeria First policy aimed at strengthening local industry and promoting indigenous production, the Comptroller-General of Customs (CGC), Adewale Adeniyi, on Thursday, 8th May 2025, inspected a range of vehicles manufactured by members of the Nigeria Automotive Manufacturers Association (NAMA) at the Customs Headquarters in Maitama, Abuja. During the inspection, the CGC commended the quality, design, and functionality of the locally assembled vehicles. “In terms of aesthetics, I am satisfied with what I see here. In terms of functionality, we have been…

Nigeria Customs will establish Area Command at Snake Island Free Zone – CG Adeniyi assures

Lukman Laleye Babalola

The Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has pledged the establishment of a dedicated Customs Area Command at the Snake Island Integrated Free Zone (SIIFZ) to boost operational efficiency and regulatory oversight.   Adeniyi made the commitment during an official visit to the facility on Wednesday, April 30, 2025. He lauded the level of investment at the zone and commended Nigerdock the maritime and logistics company operating the SIIFZ—for its impactful Corporate Social Responsibility (CSR) initiatives.   “We are just at the stage where we are…

Nigeria Customs pilots Electronic Currency Declaration System at Abuja Airport

Lukman Laleye Babalola

The Nigeria Customs Service (NCS) has launched the pilot phase of its Electronic Currency Declaration Form (e-CDF) at the Nnamdi Azikiwe International Airport, Abuja, marking a significant step in its ongoing efforts to modernize and strengthen border controls. The pilot, which began on April 9, 2025, has been executed without any issues, demonstrating the system’s capability to handle the digital capture of both inbound and outbound currency declarations. This digital transformation is aimed at enhancing the efficiency, security, and accountability of currency declarations for cross-border travellers. Throughout the pilot phase,…

Voice of Nigeria seeks strategic collaboration with Globacom to amplify Nigerian, African narratives

Lukman Laleye Babalola

The Voice of Nigeria (VON) has expressed readiness to partner with Globacom, Nigeria’s leading telecommunications company, to enhance the dissemination of positive Nigerian and African stories to global audiences.   This was made known on Tuesday, April 29, 2025, when the Director General/CEO of VON, Mallam Jibrin Baba Ndace, led a delegation of the organization’s management and staff on a courtesy visit to the headquarters of Globacom in Lagos. The VON team was received by Mr. Lawrence Odediran, Head of Enterprise Business, and other senior executives of the telecoms company.…