Awolowo reiterates Customs role in AfCFTA implementation

Awolowo reiterates Customs role in AfCFTA implementation

By Yusuf Issa An-Nuphawi The National Coordinator, Nigeria AfCFTA Coordination Office, Olusegun Awolowo, has reiterated the pivotal role of the Nigeria Customs Service (NCS) in the implementation of the African Continental Free Trade Area (AfCFTA) agreement as the Designated Competent Authority (DCA) for Nigeria, charged with the responsibility of issuing AfCFTA certificate of Origin. Awolowo…

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FG, NESG to sustain cooperation for successful summits –Shettima

FG, NESG to sustain cooperation for successful summits –Shettima

Barbara Bako, Abuja In order to maintain a success record, The Vice President Kashim Shettima has emphasized that the federal government will sustain its cooperation with the Nigerian Economic Summit Group (NESG) to ensure the successful organization of the upcoming Summits. Shettima promised the attendees and the business community that the Green Book recommendations will…

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CBN, SEC imposes sanction on 10 banks over FX rule violations

CBN, SEC imposes sanction on 10 banks over FX rule violations

Regulatory agencies overseeing the activities of Deposit Money Banks in Nigeria have imposed sanction on 10 banks for violations of foreign exchange guidelines and other regulatory offences. These agencies, including the Central Bank of Nigeria and the Securities and Exchange Commission, imposed fines totalling N1.502bn as penalties within the first six months of 2024. These…

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Our economic reforms are painful, but Necessary – Shettima

Our economic reforms are painful, but Necessary – Shettima

Barbara Bako, Abuja The Vice President, Senator Kashim Shettima has acknowledged that some of the present administration’s economic reforms have been painful. During his speech at the Nigerian Economic Summit (NES#30) opening ceremony in Abuja on Monday, the Vice President acknowledged this and further stated that the reforms are unavoidable. Shettima who represented President Bola…

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Nigeria recommits to regional trade as AfCFTA forum holds in Rwanda

Nigeria recommits to regional trade as AfCFTA forum holds in Rwanda

By Yusuf Issa An-Nuphawi The Nigerian Government as a State Party has reassured its commitment to deepening regional trade through the African Continental Free Trade Area (AfCFTA) which promises to improve continental integration, create jobs, and increase export earnings. The National Coordinator, Nigeria AfCFTA Coordination Office, Olusegun Awolowo, gave the country’s reassurance at the ongoing…

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AGF exempts third-party research grant funds from TSA– gives guidelines

AGF exempts third-party research grant funds from TSA– gives guidelines

Barbara Bako, Abuja. The Accountant General of the Federation, Dr. Oluwatoyin Madein has issued guidelines for the exclusion of third-party research grant funds of Federal Universities and Research Institutions from the Treasury Single Account (TSA). In a federal treasury circular issued in Abuja, Dr, Madein said the new guidelines would be implemented immediately. She said…

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