Author: Chief Editor

Stakeholders in the Immigration sector have commended the appointment of Mrs. Wura-Ola Caroline Adepoju, as the first Yoruba-female Acting Comptroller General for the Nigeria Immigration Service. The federal government had last Monday, through the Civil Defence, Correction, Fire and Immigration Board (CDCFIB), approved the appointment of Adepoju as Acting CG of NIS. A letter signed by Mr Ja’afaru Ahmed, the Board secretary, had conveyed the approval of the Board to Adepoju to take charge of the service from May 30, 2023, as the most senior Deputy Comptroller General. Owing to this, Immigration stakeholders in a statement yesterday, signed by Akinwale…

The Lagos Chamber of Commerce and Industry (LCCI) and the Poland Chamber of Commerce (PCC) yesterday signed a Memorandum of Understanding (MoU) during the Nigeria-Polish Business Forum held in Lagos. The MoU also rekindled the moribund business relationship existing between Nigeria and Poland since 1961 when the two nations first signed a bilateral trade agreement. The President of LCCI, Dr. Michael Oluwale Cole, stated that the purpose of the MoU and the business forum was to enable members of the Polish delegation to Nigeria and their Nigerian counterparts to discuss investment opportunities in the two countries. Cole said the delegation…

The House of Representative has concurred with the Senate on the need to establish the Real Estate Regulatory Council of Nigeria to regulate the sector and ensure transparency. The bill for an Act to Establish Real Estate Regulatory Council of Nigeria which emanated from the Senate was presented by Deputy Majority Leader of the House, Peter Akpatason (APC-Edo) The lawmaker said the council, when established would provide efficient, effective and transparent administration of the business of real estate development and that the council was also expected to prescribe minimum standards for the conduct of the business of real estate development…

Nigerdock, a service provider to the offshore oil and gas sector has received approval of the federal government for the commencement and expansion of Snake Island Port, a project estimated to cost over a billion dollars and generate over $5.2 billion revenues to the country. The Federal Executive Council (FEC) under the administration of the immediate-past President, Muhammadu Buhari, gave the go-ahead for the Public Private Partnership (PPP) Project at its meeting held on May 17, 2023 at the State House, Abuja. A statement by Nigerdock, yesterday, stated that it was estimated that the total investment by the private sector…

The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, yesterday disclosed that the country’s tax-to-GDP ratio increased to 10.86 per cent in 2021, compared to about six per cent in the past 12 years. He said the ratio was communicated to the FIRS via a letter signed by the Statistician-General of the Federation/Chief Executive, National Bureau of Statistics (NBS), Mr. Adeyemi Adeniran, following a joint review by both agencies in collaboration with the Federal Ministry of Finance, using data from 2010 to 2021. This came as the Nigeria Customs Service (NCS) and the World Bank have partnered to…

The governor of Abia State, Alex Otti, has ordered the immediate suspension of all kinds of transport levies. The directive is contained in a statement by Otti’s spokesperson, Ferdinand Ekeoma, on Wednesday. Ekeoma said the state government has directed the immediate suspension of all types of transport levy payable imposed on tricycles, buses, taxis, and other commercial vehicles plying Abia roads. According to him, the directive is in line with Governori’s campaign promise to sanitise revenue collection methods in Abia and put an end to all forms of extortion, intimidation, and harassment of motorists. He noted that the suspension takes…

•Capitalisation rises by N1.5 trillion in one trading session•Operators link performance to new administration’s forthrightness Expectations that President Bola Tinubu’s administration will stimulate activities in the nation’s stock market and restore the exchange on a path of sustainable growth triggered an unprecedented rally in the bourse yesterday, as investors gained N1.5 trillion, the highest daily profit in two years. At the close of transactions, the all-share index (ASI) rose by 2,764.47 points or 4.96 per cent to close at 55,738.35 points, from 52,973.88 points recorded on Friday. Also, market capitalisation of listed equities grew by N1.51 trillion, from N28.844 trillion…

A protracted conflict between Department of State Services (DSS) and the Economic and Financial Crimes Commission (EFCC) over a building at No. 15 Awolowo Road, Ikoyi, Lagos, appeared to have taken a dirty twist, yesterday. The incident, however, earned a place in the archive of the new administration as one of the first interventions by President Bola Tinubu, who was sworn in barely 24 hours earlier. Operatives of the DSS had barricaded entrance to the EFCC’s office, located at the said building, leading the anti-graft agency to issue a protest statement. Meanwhile, the DSS issued a counter statement, denying it…

The African Action Congress (AAC) candidate during the 2023 Presidential election, Omoyele Sowore, has berated President Bola Ahmed Tinubu over the removal of subsidy on Premium Motor Spirit (PMS) also known as petrol. Tinubu in his inaugural speech at the Eagle Square in the Federal Capital Territory (FCT), Abuja on Monday after he was sworn in as Nigeria’s 16th President said the era of subsidy payment on fuel has ended. “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor,” Tinubu said. “Subsidy can no…

Barcelona’s Ousmane Dembele and RB Leipzig forward Christopher Nkunku are among the players recalled to the France squad named on Thursday by coach Didier Deschamps ahead of two Euro 2024 qualifiers in for June. Fitness problems meant both players missed France’s opening qualifying matches in March, when they beat the Netherlands 4-0 at home and won 1-0 away to the Republic of Ireland. They now go into a match against minnows Gibraltar in Faro, Portugal on June 16, and a home clash with Greece three days later, on top of qualifying Group B with six points. “You will say I…