Kemi Olaitan

2 weeks ago | thisdaylive.com | James Emejo |Kemi Olaitan |Sunday Aborisade |Ima Ekanem

•Approves basic KYC, AML requirements for $2,000 and $5,000 equivalent in naira for individuals, corporate, respectively •ADBs now free to source liquidity for PAPSS settlements through Nigerian foreign exchange market without recourse to CBNJames Emejo in AbujaCentral Bank of Nigeria (CBN), yesterday, announced a major review of documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in the country.

3 weeks ago | thisdaylive.com | James Emejo |Ima Ekanem |Ayo Yusuf |Kemi Olaitan

•Declares unstable exchange rate creating uncertainty for traders, affecting customs valuation, others •Says US tariff created uncertainty for ServiceJames Emejo in AbujaThe Comptroller General, Nigeria Customs Service (NCS), Mr. Bashir Adewale Adeniyi, yesterday disclosed that the service collected N1.75 trillion in revenue in the first quarter of the year (Q1 2025). Compared to its N6.58 trillion target for 2025, the proportional benchmark in Q1 stood at N1.65 trillion.

1 month ago | thisdaylive.com | Kemi Olaitan |Sunday Aborisade |Ima Ekanem |Deji Elumoye

•Oduwole declares country now ready for businessJames Emejo in Abuja and Oluchi Chibuzor in LagosNigeria yesterday officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat. The move came ahead of the 16th meeting of the AfCFTA Council of Ministers (COM), which is being held today in Kinshasa, Democratic Republic of Congo (DRC).

1 month ago | thisdaylive.com | Alex Enumah |Wale Igbintade |Adeyinka Salami |Kemi Olaitan

•Adjourns for settlement report as AGF intervenesWale IgbintadeJustice Chukwujekwu Aneke of the Federal High Court, Lagos, ruled yesterday that Oba Otudeko, a former chairman of FBN Holdings Plc and three others must appear for arraignment before their applications challenging the court’s jurisdiction would be heard.

2 months ago | thisdaylive.com | Adeyinka Salami |Kemi Olaitan |Alex Enumah

Wale IgbintadeJustice Chukwujekwu Aneke of the Federal High Court, Lagos, has fixed March 28, 2025, for the arraignment of four directors of Petro Union Oil and Gas Limited over alleged £2.5 billion fraudThe arraignment was adjourned after it was established that only three out of the five defendants had been duly served with court summons.