Business – Page 5

NIGERIA ENERGY: FG Committed to Create Enabling Environment For Long-term Investment In Power Sector – Adelabu … As Minister declare open 2025 event.

Clement Olumba1 month ago1 month ago03 mins

By Clement Olumba The 12th edition of West Africa’s leading energy event, NIGERIA ENERGY (formally Power Nigeria), officially opened on Tuesday October 28, 2025 at the Landmark Centre in Victoria Island, Lagos. The event which has become a major hub, where manufacturers, policy makers, professionals, consumers and more within the entire power value chain converge…

Police Seal Nestoil Headquarters As First Bank Seizes Assets Owned by Firm, Azudialu-Obiejesi

Clement Olumba1 month ago05 mins

By Femi Anamelechi Armed police officers sealed the Lagos headquarters of Nestoil Limited on Tuesday, following a Federal High Court order authorising First Bank of Nigeria and its subsidiary, FBNQuest Merchant Bank, to take over the company’s assets due to an alleged multi billion dollar debt default. The enforcement followed a directive issued by Justice…

PTML COMMAND CREDIT REVENUE OF OVER # 116 BILLION IN Q3 TO STAKEHOLDERS COMPLIANCE ..As Comptr. Anani hands over containers with DPV of Two Hundred Million Naira to NAFDAC

Clement Olumba1 month ago1 month ago05 mins

By Femi Anamelechi The Comptroller of Port Terminal Multipurpose Service limited ( PTML)Area Command CAC Joe Anani has disclosed that the command generated an increased revenue of ₦116,243,603,670.58 (one hundred and sixteen billion, two hundred and forty-three million, six hundred and three thousand, six hundred and seventy naira, fifty eight Kobo). as total revenue generated…

Comptroller Oshoba Calls For Diligence, Innovation As Tools For Effective Risk Management

Clement Olumba1 month ago1 month ago04 mins

By Femi Anamelechi The Nigeria Customs Service (NCS), Apapa Area Command under Comptroller Emmanuel Oshoba has urged newly promoted senior officers to uphold Deligence, innovation as tools to effective risk management in the delivery of their duties. He pointed this out during a two-day refresher training programme for its newly promoted senior officers.The two day…

Customs Unveils Digital Vehicle Verification System To Curb Smuggling, Enhance Transparency

Clement Olumba1 month ago06 mins

By Femi Anamelechi The Nigeria Customs Service (NCS) has launched a new digital verification platform designed to curb vehicle smuggling, enhance transparency, and strengthen accountability in the automobile importation process.The initiative, known as the Customs Verification Management System (CVMS), was officially unveiled on Monday, 20 October 2025, at the NCS Headquarters in Abuja by the…

PTML ACCUSED OF EXTORTION BY APFFLON

Clement Olumba1 month ago04 mins

By Femi Anamelechi These are not complimentary at all as Freight forwarders and licensed Customs Agents in Nigeria raised alarm and lamented the exploitative devices of shipping companies and terminal operators at PTML The vice President , Africa Association of Professional Freight Forwarders and Logistics of Nigeria ( APFFLON) PTML Chapter, Mr Abiola Abiodun lamented…

COWA, PTML Tackle Breast Cancer With Free Screening Initiative

Clement Olumba1 month ago04 mins

By Femi Anamelechi The Customs Officers’ Wives Association (COWA), Port & Terminal Multi-Services Limited (PTML) Chapter in a bid to eradicate the menace and growing rate of Breast Cancer amongst women , has embarrassed on global campaign against breast cancer following the flag-off of a free breast cancer screening initiative to promoting early detection and…

NDLEA Launches Online Portal For Drug Integrity Test.

Clement Olumba2 months ago08 mins

By Femi Anamelechi The National Drug Law Enforcement Agency (NDLEA) has launched a digital platform that will make its drug integrity test and visa clearance processes seamless, more accessible and ultimately curb the scourge of substance abuse and illicit drug trafficking in Nigeria.The portal was unveiled at a press conference to flag off the digitization…

Comptroller Gambo Aliyu Reaffirms Commitment To Traditional Rulers to Foster Peace, Trade Compliance

Clement Olumba2 months ago02 mins

By Femi Anamelechi The Customs Area Comptroller of Oyo/ Ogun Command Comptroller Gambo Aliyu continued his familiarization visits to traditional rulers, of the Ataoja of Osogbo, Oba Jimoh Olanipekun Larooye II, and the Oniragbiji of Iragbiji, Oba Abdul-Rasheed Olabomi, Odundun IV, to reaffirm commitment of the Area command and strengthen ties as part of efforts…

Customs Operation Whirlwind Foils ₦80m Fuel Smuggling

Clement Olumba2 months ago04 mins

By Femi Anamelechi The Nigeria Customs Service (NCS) Operation Whirlwind has announced the successful interception over 49,000 litres of smuggled Premium Motor Spirit (PMS) worth ₦80.4 million and sealed a filling station allegedly linked to illegal fuel trading in Lagos State. The National Coordinator of Operation Whirlwind made this known during a press briefing and…