Category: Business

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.…

CAC issues Six-Week ultimatum to Businesses over CAMA violations, warns of Jail Terms and Fines

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) has issued a stern warning to companies and business operators in Nigeria, mandating strict compliance with the Companies and Allied Matters Act (CAMA), 2020. The Commission cautioned that violators risk a two-year jail term and daily fines for non-compliance. In a public notice released on Tuesday, the CAC emphasized that it is a criminal offence under Section 863 of the Act to operate a business without proper registration or to use a name or acronym different from that officially registered. “All companies, Limited Liability Partnerships,…

“A New Era in African Space Development” – NASRDA DG declares at AfSA launch in Cairo

Lukman Laleye Babalola

Nigeria’s leadership in Africa’s space ecosystem was once again on display as the Director General of the National Space Research and Development Agency (NASRDA), Dr. Matthew Olumide Adepoju, played a prominent role at the official inauguration of the African Space Agency (AfSA) held in Cairo, Egypt. The event, which took place on April 20, 2025, at Egypt’s Space City, marked the formal launch of AfSA’s operational activities and attracted key players in the global space industry including delegations from CubeSpace, Diginove, MatterIntelligence, Viasat, SpaceX, Hawkeye, and Nikkei. Dr. Adepoju, who…

Nigeria Customs Generates N1.75 Trillion in Q1 2025, Records 29.96% Revenue Growth – CG Adeniyi

Lukman Laleye Babalola

The Nigeria Customs Service (NCS) has announced a total revenue generation of ₦1.75 trillion for the first quarter of 2025, reflecting a 29.96% increase compared to the same period in 2024. This milestone was disclosed by the Comptroller-General of Customs, Bashir Adewale Adeniyi, during a press briefing at the Service’s headquarters in Abuja on Monday, April 22, 2025. The revenue performance, which exceeded the quarterly target of ₦1.645 trillion by ₦106.5 billion, was attributed to the impact of ongoing reforms introduced by the current administration under President Bola Ahmed Tinubu…

CBEX PONZI SCHEME: Victims lost money due to lack of education about scam prevention tips – Rotimi Onadipe reveals

Emporium Reporters

The Publisher of Internet Safety Magazine and CEO of Stay Safe Online Academy Ltd, Rotimi Onadipe, has revealed that lack of education about scams and how to avoid them was a major reason why many Nigerians lost their hard-earned money to CBEX, the Ponzi Scheme which crashed few days ago.   Onadipe, a renowned advocate for online safety, made this known on Saturday while speaking during the 153rd edition of his training program, aimed at educating internet users about online safety and fraud prevention.   The theme of the training…