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Senate summons CG Customs on Violation of Its resolutions

The Senate has summoned the Comptroller General of Customs, Hamid Ali, to appear before it unfailingly on Wednesday, 15th of March, 2017 to answer questions on the new Customs policy on retrieval of delayed duties on all automobile in the country. The resolution is sequel...

Hunger Crisis: Nigeria, 5 Others to Benefit from $1.6bn World Bank Package

World Bank Group President Jim Yong Kim, has said that a package of $1.6bn is being arranged for Nigeria and four other countries in sub-Saharan Africa and Yemen to tackle the devastating levels of food insecurity. “We are working toward a financial package of more...

N500m Intervention Fund for Schools Ready -CBN

A Deputy Governor of Central Bank of Nigeria (CBN), Chief Adebayo Adelabu has assured the benefiting public secondary schools in Nigeria that the N500 million intervention fund by the Bank is ready for the commencement of infrastructural development of these schools by the end...

Nigeria Customs Insists on Payment of Duty by All Vehicle Owners

• Grants 60% rebate on vehicles imported before 2016 Despite the Senate resolution directing the Nigeria Customs Service (NCS) to stay action on its month-long grace to owners of all vehicles in the country whose customs duty had not been paid to do so, the...

NAICOM Approves Financial Statements for 48 Insurance Coys in 2015

…Approves 2 for 2016. The apex insurance regulatory body, the National Insurance Commission (NAICOM), has approved the status of  2015 financial statements of 48 out of the 54  insurance companies in the country as at March 8, 2017. In the approval which was made available to...

FG Unveils Economic Recovery Plan

The Federal Government expects the economy to climb out of recession and grow 2.19 percent this year, according to the Ministry of Budget and National Planning, which unveiled the Economic Recovery and Growth Plan (ERGP) 2017-2020. In a statement made available to the media by...