Category: Business

The Nigeria Customs Service (NCS) has commenced a capacity-building programme for its officers and personnel on the Federal Government’s new tax policies, in a move aimed at strengthening compliance and improving revenue administration.   The two-day training programme, organised in collaboration with the Nigeria Revenue Service (NRS), was held from Wednesday, June 17, to Thursday, June 18, 2026, at the Service Headquarters in Maitama, Abuja.   The session brought together members of the NCS Management Team, Comptrollers, Superintendents and other officers across different cadres as part of efforts to ensure…

The Nigeria Customs Service (NCS) and the American Business Council (ABC) have reaffirmed their commitment to deepening trade relations and addressing challenges affecting business operations through sustained public-private sector collaboration. The resolution was reached during a quarterly engagement held on June 16, 2026, at the Nigeria Customs Service Headquarters in Abuja, where both parties discussed strategies to enhance trade facilitation, strengthen security, and promote stronger economic ties between Nigeria and the United States. Speaking at the meeting, the Comptroller-General of Customs, Adewale Adeniyi, underscored the importance of regular stakeholder consultations,…

The Federal Government has intensified efforts to revive Nigeria’s Cotton, Textile and Garment (CTG) industry with the successful production of 10,000 made-in-Nigeria T-shirts under a six-month pilot scheme aimed at reducing dependence on imported textiles. The initiative, implemented through the National Cotton, Textile and Garment Industrial Transformation Programme (NCTG-ITP), was unveiled during the Phase I Showcase and Stakeholder Working Session held on Wednesday in Abuja. Speaking at the event, the Minister of State for Industry, Senator John Owan Enoh, described the programme as a major step toward repositioning Nigeria’s textile…

The Federal Government has inaugurated a new Governing Board for the Corporate Affairs Commission (CAC), marking a significant step toward strengthening Nigeria’s business environment and enhancing investor confidence. The inauguration ceremony, held on April 22, 2026, in Abuja, underscored the administration’s commitment to reforming key institutions and improving the ease of doing business in the country. Speaking at the event, the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the CAC as a cornerstone of Nigeria’s economic framework. She highlighted its critical role in business registration, regulation,…

Key regulatory bodies, legal institutions, media, consumers, and other stakeholders have called for stronger enforcement of regulations, increased consumer awareness, and improved product traceability at the 8th Consumer Protection Conference held today March 26 ,2026 in Abuja. The conference, themed “Safe Products, Confident Consumers,” was organised by the Save The Consumers Initiative and brought together participants from across sectors to address pressing issues affecting consumer safety and confidence in Nigeria. Participants were grouped into clusters to deliberate on challenges surrounding unsafe products and consumer protection, with a communiqué expected to…

A total of N1.894 trillion from the February 2026 Federation Account Revenue has been shared among the Federal Government, State Governments, and Local Government Councils (LGCs). The allocation was approved at the March 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N1.894 trillion distributable revenue consisted of N1.274 trillion statutory revenue and N619.119 billion Value Added Tax (VAT) revenue. According to the FAAC communiqué, a total gross revenue of N2.230 trillion was available in February 2026. After deductions for collection costs (N77.302 billion) and transfers, refunds, and…

The Corporate Affairs Commission (CAC) on Monday, 9th February 2026, marked its 35th anniversary under the theme “Upholding Public Trust Through Excellent Service Delivery”, with a high-level ceremony attended by top government functionaries, Lawmakers,captains of industry, development partners, and key stakeholders in Abuja. The event, which highlighted the Commission’s reform journey and future outlook, featured an Anniversary Lecture, the screening of an abridged documentary on the evolution of CAC, cultural performances by the NYSC National Troupe, and goodwill messages from relevant stakeholders. Delivering his address, the Registrar-General/Chief Executive Officer of…

The Nigeria Customs Service (NCS), in collaboration with the World Customs Organisation (WCO) and the World Bank Group (WBG), has commenced the WCO Accelerate Trade Facilitation Programme to strengthen trade facilitation, enhance compliance, and deepen customs modernisation in Nigeria. The programme, which began on Monday, 19 January 2026, is focused on reviewing agreed reform objectives and confirming strategic approaches for implementing key initiatives, particularly in the area of Post-Clearance Audit (PCA). It also provided an opportunity to assess progress made so far while identifying practical measures to improve efficiency, transparency,…