Author: Ifetayo Adeniyi

Nigeria Customs Service Ready To Suspend 4% Financing Customs Service Fee Nigeria Customs Service Ready To Suspend 4% Financing Customs Service Fee In a swift development, the Nigeria Customs Service (NCS) is poised to announce the suspension of the controversial 4% Financing Customs Service (FCS) Operation fee, pending any last-minute changes. This decision comes in response to widespread confusion among stakeholders in the trading community regarding the fee’s implementation. Sources indicate that the suspension aims to facilitate a thorough sensitization process for members of the trading public, ensuring that all parties are adequately informed before the fee is officially introduced.…

NAICOM Puts Out New Regulation on Annuity Business Underwriting NAICOM Puts Out New Regulation on Annuity Business Underwriting In its bid to checkmate mishandling of annuity business by some life insurance underwriting firms and usher in a regime of best practices in management of their annuity portfolio, the National Insurance Commission (NAICOM), at the weekend released a new regulatory requirements for life insurance firms underwriting annuity. An annuity is an income purchased from an approved life insurance company by a retiree with his paid lump sum entitlement which he saves with an insurance firm as annuity to provide him with…

FG starts tolling at Abuja-Makurdi road so as to pay $460.8m loan Abuja-Makurdi road. FG starts tolling at Abuja-Makurdi road so as to pay $460.8m loan The Federal Government has officially commenced toll operations on the Abuja-Keffi-Akwanga-Lafia-Makurdi Road corridor as part of efforts to repay the $460.8m loan obtained from China Exim Bank for the rehabilitation and upgrade of the road. Motorists using the highway will now pay tolls ranging from N500 for saloon cars to N1,600 for multi-axle vehicles, while police and military vehicles are exempted to enhance their operations. The toll gates, strategically positioned along the 227.2km stretch…

Taye Taiwo’s induction into Marseille Hall of Fame Taye Taiwo on Marseille Hall of Fame induction Taye Taiwo’s induction into Marseille Hall of Fame The 39-year-old, who made 271 appearances for the French club between 2005 and 2011, scoring 25 goals with 23 assists, joins an elite group of footballers including Samir Nasri, Lori Cana, Mamadou Niang, Fabrizio Ravaneli and Paulo Cezar in Marseille’s hall of fame. Football fans have taken to social media to celebrate former Super Eagles defender Taye Taiwo’s induction into Olympique Marseille’s prestigious Club of Legends. “Naija Represented. Taye Taiwo is in the house tonight as…

Super Eagles prepare to meet Rwanda as date’s set for W’Cup qualifiers Super Eagles coach, Éric Chelle Super Eagles prepare to meet Rwanda as date’s set for W’Cup qualifiers • Eric Chelle has the priority of getting the Eagles qualified for 2026 World Cup. The dates for the first two of the remaining six 2026 World Cup qualifying matches for the Super Eagles have been confirmed. Nigeria will travel to Rwanda on March 21 before returning home for the second leg of the encounter against Zimbabwe. “Work begins. Éric Chelle’s first two games as Super Eagles head coach will be…

Obaro honours as ‘Titan of the Year’ John Obaro Obaro honours as ‘Titan of the Year’ The Group Managing Director of SystemSpecs, John Obaro, has been named Titan of the Year at the ThisDay 2025 Awards. According to a statement on Tuesday, the award honours his pioneering innovations, visionary leadership, and relentless commitment to leveraging technology for economic and social transformation. Obaro was instrumental in reshaping the landscape of indigenous software development. From revolutionising financial technology with Remita, which powers the Treasury Single Account, to enabling seamless payments across sectors. Speaking on the award, Obaro said, “This recognition is not…

Standard Chartered offers loans to entrepreneurs on single-digit Standard Chartered offers loans to entrepreneurs on single-digit Standard Chartered Bank (Nigeria) Limited, in partnership with Youth Business International and FATE Foundation, has graduated the second cohort of the Revolving Fund Programme and offered them loans at single digits. According to a statement on Tuesday, the initiative is part of the Futuremakers global youth economic empowerment programme, funded by the Standard Chartered Foundation. The RFP aims to support nano and microenterprises and is designed to tackle the financial obstacles encountered by small-scale businesses through the provision of low-interest loans. Also included in…

At Glo’s Festival of Joy in Ibadan, Winners Receive Cars, Other Prizes L-R: Assistant Director, Ibadan Zonal Office, Nigerian Communications Commission (NCC) Engr. Akanbi Adewale; winner of a brand new Picanto car, Oluwaseun Okeowo; Oyo State Deputy Governor, Barrister Bayo Lawal; Globacom’s National Retail & Consumer Chief, David Maji and second winner of a brand new Picanto car, Adeola Olatayo Silas at the presentation of the prizes to winners in the Glo Festival of Joy promo in Ibadan on Monday. Technology company, Globacom, on Monday in Ibadan, the Oyo State capital, presented Kia Picanto cars to two lucky winners in…

Nasarawa has secured $160,000 grant for clean energy Nasarawa State Governor, Abdullahi Sule Nasarawa has secured $160,000 grant for clean energy. The Nasarawa State Government has secured a $160,000 grant from the African Climate Foundation to develop a Climate Investment Platform aimed at boosting clean energy solutions. The initiative is also aimed at reducing the effects and challenges of climate change in the state. The Managing Director, Nasarawa State Investment Development Agency, Ibrahim Abdullahi, made the disclosure at a stakeholders’ engagement on the CIP project in Lafia, the Nasarawa State capital on Tuesday. He explained that the CIP would serve…

2025 climate forecast: Keyamo reveals, predicts early rains in South The Minister of Aviation and Aerospace Development, Festus Keyamo, at the unveiling on Tuesday 2025 climate forecast: Keyamo reveals, predicts early rains in South The Minister of Aviation and Aerospace Development, Festus Keyamo, has unveiled the 2025 Seasonal Climate Prediction from the Nigerian Meteorological Agency, forecasting early rainfall in many southern states. The minister made this announcement on Tuesday in Abuja during the official presentation of the 2025 SCP. The document predicts that most parts of the country will experience significant rainfall at the beginning of 2025, with some rains…