For the first time in the 2016 fiscal year, the monthly allocation from the Federation Account crossed the N500bn threshold with the Federation Accounts Allocation Committee distributing a total sum of N559.03bn to the three tiers of government on Thursday.
Nigeria Customs Service has announced that it is launching an all-out war against internet fraudsters who specialise in extorting money from innocent Nigerians under the pretext of offering them jobs, auctions or contracts.
Comptroller Adegboyega Jelili Sanni has been appointed as the new Area Controller at the Ports and Terminal Multi services Limited (PTML) command of the Nigeria Customs Service.
Relying on the express advice of the Minister of Finance following the intervention of the Comptroller of Customs, Mr. Hameed Ali, the Central Bank of Nigeria (CBN) has granted provisional approval for the clearance of over 200 units containers comprising both 40-foot and 20-foot containers trapped at the various terminals in the nation’s seaports.
Given the fact that the economy is seriously looking for a credible substitute for oil as the major export revenue earner, experts believe that ports can serve as viable alternative for the Federal Government.