CBN Sets N10bn Minimum Requirement For CGC  The Central Bank of Nigeria (CBN) has announced the registration requirements of an institution as a minimum share capital of N10 billion, a non-refundable application fee of N100,000 and a non-refundable licencing fee of N1 million among others...

Customs Intercept Textiles, Rice Worth N1.42bn In Lagos         The Comptroller General of Customs’ Strike Force Team on Wednesday said it has intercepted 564 bales of textiles materials falsely declared as machinery, foreign parboiled rice, footwears and foreign bags worth N895m. Speaking while unveiling the seizure, the...

Customs Strike Force Impounds N767m Worth Of Goods In 3wks         The Comptroller General of Customs, Strike Force has intercepted contrabands and raised Debit Notes (DN) on under-declared cargoes worth N767million in three weeks. Recall that importation and smuggling through the Lagos seaports and land borders, increase...

Freight Forwarders Decry High Debt Notes By Customs       Freight Forwarders in Lagos have called on the Comptroller General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd) to curb the indiscriminate issuance of Debit Note (DN) by the compliance team at the Tin-Can Island...

The Imo State Government has introduced a policy tagged: ‘Back-to-Farm’ to enable the state engage and invest heavily in agriculture for self-sustenance since the state can no longer depend on monthly allocation for survival. The state Governor, Chief Rochas Okorocha, disclosed that the ‘Back-to-Land for...