Author: Saint Augustine

The Nigeria Deposit Insurance Corporation, NDIC has called for feedback from financial services industry stakeholders in the country, policy makers and the general public towards the ongoing revision of the International Association of Deposit Insurers, IADI Core Principles for Effective Deposit Insurance System. The proposed revision launched by IADI in May 2025, is a significant step towards enhancing the resilience and relevance of deposit insurance frameworks in the face of an evolving global financial landscape. Specifically, the revision is aimed at comprehensively addressing structural changes, including digital innovation, the growing role of deposit insurers in resolution, and lessons learned from…

The Chairman of Tincan Island Port Chapter of the Association of Nigerian Licensed Customs Agents, ANLCA, Prince Olawale Cole, has congratulated the Customs Area Controller at Tincan, Comptroller Frank Onyeka and the entire Customs officers at the Tincan port in the spirit of Eid Al Adha. Cole gave this congratulatory message in a press statement signed by the ANLCA Tincan Chapter spokesperson, Comrade Joy Onome on Friday. In the message, the ANLCA Tincan Chapter Chairman also felicitated with ANLCA members and the entire freight forwarding community for Eid Al Adha. “As we mark this sacred season of reflection, sacrifice, and…

As part of activities marking the 2025 World Oceans Day Celebration, the Lagos State Waterways Authority, LASWA, Wednesday, joined forces with the Lekan Bakare Foundation in a community-focused engagement at Ago Egun, Makoko. Themed, “Strengthening Community Compliance for Safer Waterways and Sustainable Fishing”, the event featured enlightening lectures aimed at raising awareness about the importance of safety, environmental responsibility, and sustainable fishing practices among coastal dwellers. Key stakeholders present included representatives from the Nigerian Institute for Oceanography and Marine Research, NIOMR, Lagos State Environmental Protection Agency, LASEPA, and the Lagos State Ministry of Agriculture, who all contributed expert insights and…

The Chairman of the Widescope Group, Dr. Segun Musa has accused the Honourable Minister of Aviation, Festus Keyamo of engaging in activities that tend to prioritize the private sector over the public or national interest even as he alleged that the Minister was doing more of marketing functions for the private sector and neglecting the national interest. Speaking in an interview with our correspondent in Lagos recently, Musa maintained that he had seen the Minister canvassing as well as advertising and promoting private businesses as if he was paid to do it rather than the national service which he was…

…Intercepts bullet-proof vests, Tramadol, others worth N1.28 billion …Arrests seven suspects The Customs Area Controller of the Federal Operations Unit, FOU Zone A, Comptroller Mohammed Shuaibu has said that the renewed vigor of the officers and men of the unit to fight smuggling and criminalities through intelligence-driven operations has continued to payoff as the resilience and dedication of the operatives has inflicted substantial losses on some economic saboteurs who are bent on bringing the country to its knees through their nefarious activities. Comptroller Shuaibu who disclosed this in a press briefing in Lagos on Tuesday stated that the patrol teams…

The Nigerian Maritime Administration and Safety Agency, NIMASA has explained that the piracy incident that took place in the Gulf of Guinea on Friday 30th May, 2025 occurred at coordinates 2°37’35”N, 6°46’47”E, approximately 75 nautical miles northwest of Santo Antonio Port, São Tomé and Príncipe approximately 420 nautical miles away from southeast, Nigeria. The agency, in a statement signed by Osagie Edward, Head Public Relations, NIMASA disclosed that on May 30, 2025, at approximately 1614 UTC, the C4i Operational Centre of the Nigerian Maritime Administration and Safety Agency, NIMASA received a distress alert via the Maritime Domain Awareness for Trade…

…As Mukaila shuns discussion around tenure extension The immediate past Acting National President of the Association of Nigerian Licensed Customs Agents, ANLCA, Dr. Kayode Farinto has advised the Comptroller General of Customs, Bashir Adewale Adeniyi to consider quitting his office with honour and pride now that he still has them than to allow himself to be disgraced out of the office while chasing shadows. Farinto who offered this advice in an interview with newsmen in Lagos recently, was reacting to the plans by the House of Representatives Committee On Customs and Excise to amend the Nigeria Customs Service Act 2023…

…Says revenue, not cargo throughput is on the surge The immediate past Sole Administrator of the Association of Nigerian Licensed Customs Agents, ANLCA, Otunba Abdulazeez Babatunde has said that contrary to the claims in some quarters, it is revenue rather than cargo throughput that is on the upsurge. Mukaila who was reacting to a statement credited to Steen Knudson, Managing Director of the APM Terminal, Apapa, Lagos where he blamed the delay in empty container return to the terminal on surge on import, however, said that President Bola Ahmed Tinubu through the Nigeria Customs Service, NCS had been able to…

The Managing Director of GoldLink Investment Limited, Sir Tony Anakebe has hailed the decision of the management of the CMA CGM to remove container deposit requirement for all new bookings with effect from the 21st May, 2025. The Nigerian Shippers’ Council recently acknowledged the decision by the shipping line noting that the development followed sustained stakeholder engagement and was a significant step towards promoting a more efficient, customer-friendly shipping environment in Nigeria. Speaking on the development, Sir Anakebe who expressed his joy over the removal, described it as ‘’a wonderful news”, calling on other shipping lines to emulate the action…

…Highlights difference between NICIS and B’Odogwu platforms In its commitment to reduce physical examination at the nation’s seaports by 50 percent before the end of third quarter of 2025, the Nigeria Customs Service, NCS has said that it is awaiting the arrival of 67 scanners from China to improve on cargo clearing at the ports and border locations across the country. The Comptroller General of Customs, Bashir Adewale Adeniyi who disclosed this while fielding questions from stakeholders shortly after his paper presentation with the title, “NCS and Its Trade Modernization Programs: Benefits and Challenges”, at an event in Lagos recently…