News
NIPOST to Clamp Down on Unlicensed Logistics Firms
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), has said it will clamp down on illegal courier and logistic businesses across the country and make the industry professional.
Mr. Gideon Shonde, the General Manager of CLRD, made this known at a seminar held to present licenses to newly registered operators in the industry in Lagos.
According to Shonde, “there is regulation with provision for enforcement in place to tackle the menace of illegal and unlicensed operators.”
He further stated, ‘’there is a postal bill which was presented before the Lagos State House of Assembly two months ago to bring reform to the industry all in a bid to have conducive environment so that investors can have quick returns on their investments to tackle security as well as safety issues that are being raised in the sector.’’
The General Manager explained further that the department was also working with the leadership of the local governments areas in its determination to put an end to multiple fees, levies and charges by the agents and officials of these local governments.
He emphasized the need for operators in the sector to invest in relevant information, training, education, and enlightenment programmes about the regulations that apply in the industry.
Since, according to him, regulations are to help create a conducive environment for all humanity.
He added that the existing regulations would be due for review in the next five years and at that time there would be a round table opportunity for all stakeholders to discuss and agree on the contents: what to remove; what to change and what to retain in the existing regulatory framework.
Mr. Olubodun Ogunyankin, the General Manager and Chief Operating Officer of ADG Logistics and Courier Services, one of the newly licensed logistics companies held that ‘’without the license whatever courier operations anyone is involved in is illegal and as such the license confers legitimacy on the business.
It also confers credibility on ADG’s license which is the National License allowing us to carry out courier and logistics services across Nigeria.”
Ogunyankin urged the regulatory agencies to clamp down more seriously on unregistered operators who he described as quacks in the industry.
“This will rebuild customers’ confidence in the licensed companies and reduce the number of headaches including unwholesome undercutting of rates.”
The newly licensed operators were taken through the ethical expectations in the course of running their businesses.
This licensing batch is the first to be held after the new regulations in December 2020 came into effect.
News
NIMASA, BOI Partner to Grow Capacity In Maritime Sector
Nigerian Maritime Administration and Safety Agency (NIMASA) and the Bank of Industry (BOI) have initiated discussions on strategies for capacity building in the maritime industry.
Dr. Dayo Mobereola, Director General of NIMASA, represented by the Executive Director of Maritime Labour and Cabotage Services, Mr. Jibril Abba disclosed this during a visit by the management of the bank led by Executive Director of Large Enterprises, Mrs. Ifeoma Uz’Okpala.
Osagie Edward, the agency’s Head of Public Relations, said in a statement that in addition to safety, security and maritime labour, the agency’s mandate encompasses capacity development aimed at growing the sector.
Also, Mobereola explained that NIMASA’s commitment to collaboration was a vital tool for achieving its mandate.
He said: “The aim is to actualise the vision of the Federal Government to reposition the maritime sector, especially with the creation of the Ministry of Marine and Blue Economy.”
Also, Uz’Okpala affirmed the bank’s readiness to support NIMASA, emphasising the importance of collaboration in implementing a robust capacity-building initiative that would contribute to economic growth in Nigeria.
She noted: “Bank of Industry Limited is Nigeria’s oldest and largest Development Finance Institution (DFI) currently in operation. It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80 per cent), the Central Bank of Nigeria (CBN) (5.19 per cent) and private shareholders (0.01 per cent).
News
FG VAT Collection Up 9.11% to N1.56tn
The federal government’s aggregate receipt of the Value Added Tax (VAT) in Q2 2024, stood at N1.56 trillion, indicating a growth rate of 9.11 per cent on a quarter-on-quarter (QoQ) basis from N1.43 trillion in Q1 2024.
The figure represents a 99.82 per cent increase compared to the N781.35 billion collected in the corresponding quarter of last year.
According to numbers released by the Nigeria Bureau of Statistics (NBS), On a quarter-on-quarter basis, the Q2 VAT rose by 9.11 per cent from N1.43 trillion in Q1 2024.
The data showed that local VAT payments recorded were N792.58 billion, foreign VAT payments stood at N395.74 billion, while import VAT contributed N372.95 billion in Q2 2024.
Analysis of the NBS numbers showed that human health and social work activities recorded the highest growth rate with 98.44 per cent, followed by agriculture, forestry and fishing with 70.26 per cent, and water supply, sewerage, waste management and remediation activities with 59.75 per cent.
Contrarily, activities of households as employers, undifferentiated goods- and services-producing activities of households for own use had the lowest growth rate with –46.84 per cent, followed by real estate activities with –42.59 per cent.
In terms of sectoral contributions, the top three largest shares in Q2 2024 were manufacturing with 11.78 per cent; information and communication with 9.02 per cent; and mining and quarrying with 8.79 per cent.
“Nevertheless, activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the least share with 0.00 percent, followed by activities of extraterritorial organisations and bodies with 0.01 per cent; and water supply, sewerage, waste management and remediation activities with and Real Estate Services 0.04 per cent each.
“However, on a year-on-year basis, VAT collections in Q2 2024 increased by 99.82 per cent from Q2 2023,” NBS stated.
News
GOCOP Partners NCDMB, EMADEB, Dangote, NCAA, Setraco, UBA, NCC, Others for 2024 Conference
Partners for the eighth annual conference of the Guild of Corporate Online Publishers (GOCOP) have begun to emerge with the Nigerian Content Development and Monitoring Board (NCDMB), Emadeb Group and Dangote Group leading the train of partners for the event slated for Thursday, October 3, 2024 at the Reverton Hotel, GRA Lokoja, Kogi State.
The chairman of the 2024 Conference Planning Committee, Danlami Nmodu, mni, also listed other partners to include Nigeria Civil Aviation Authority (NCAA), Setraco Nigeria Limited, United Bank for Africa (UBA) and Nigerian Communications Commission (NCC), according to a statement by
GOCOP Publicity Secretary, Sir Remmy Nweke.
Nmodu was also quoted as saying that the eighth conference would center on the theme: “Nigeria: Tackling Insecurity, Power Deficit, and Transitioning to Digital Economy” and will hold on Thursday, October 3, 2024 from 10am. The keynote will be delivered by former governor of Cross River State, Senator Liyle Imoke.
Read Also: Imoke, Buratai, Maida, others to headline GOCOP 2024 conference in Kogi
Additional partners for 2024, he said, comprised the Nigerian Safety Investigation Bureau, Access Bank plc, Zenith Bank plc, First City Monument Bank (FCMB), Fidelity Bank plc, Sovereign Trust Insurance Plc (STI), Nigerians in Diaspora Commission (NIDCOM) and National Film and Video Censors Board (NFVCB).
A major highlight of this year’s conference, Nmodu said, is a business luncheon with GOCOP partners on Wednesday, 2 October, at the same venue, while the conference itself would hold on Thursday, October 3.
Nmodu noted that the 8th edition would be chaired by former Nigeria’s Ambassador to Spain, Alhaji Yusuf Mamman, with the former Nigerian Chief of Army Staff, Lt-General Tukur Yusuf Buratai (Retd) and the Executive Vice Chairman, Nigerian Communications Commission (NCC), Dr. Aminu Maida as Guest Speakers, while a Professor of Political Science at the Federal University Lokoja, Prof. Rotimi Ajayi and an edutainment communicator and veteran broadcaster, Ms Debrah M. Ogazuma are panellists.
Nmodu recalled that GOCOP conference 2023 was chaired by the JAMB Registrar and Chief Executive, Prof Ishaq Olarenwaju Oloyede, while the first Nigerian Professor of Capital Market, Prof. Uchenna Joseph Uwaleke was the keynote speaker.
Previous speakers at the annual conference consisted of Rev. Matthew Hassan Kukah, the Bishop of the Catholic Diocese of Sokoto who delivered the 2019 lecture on “Economy, Security and National Development: The Way Forward.”
In 2021, Mr. Boss Mustapha, Secretary to the Government of the Federation, keynoted the Conference in his capacity as Chairman of the Presidential Task Force on Covid-19. He spoke on: “Post Covid-19 Pandemic: Recovery and Reconstruction in Nigeria.”
In 2022, Professor Mahmood Yakubu, Chairman, Independent National Electoral Commission, delivered the keynote entitled “2023 Elections: Managing the Process for Credible Outcome.”
GOCOP was established to ensure that online publishers uphold the tenets of journalism.
Membership of the Guild is a constellation of editors and senior journalists who, having distinguished themselves in their various positions in the print and electronic media, ventured into online publishing which is both the present and future of journalism globally.
The Guild has over 104 corporate publishers as members.
- E-Financial2 days ago
Court Freezes N548.6m of Nigerian Crypto Users over Naira Fluctuation
- Telecom2 days ago
Huawei’s Tri-Foldable Phone Stirs Chinese Pride but $2,800 Price Tag Panned
- E-Business1 day ago
Four Nigerian Start-ups Selected for NBA Africa Startup Accelerator’ Demo Day
- E-Financial2 days ago
UBA Appoints Nweke, Deputy Managing Director
- Telecom2 days ago
MTN, Accenture Conclude OpenRAN Trial as It Eyes Network Shift
- Telecom2 days ago
Starlink Boosts Traffic for Rural Nigerian Cell Sites 45 Percent – AMN
- News2 days ago
#StartupSouth to Hold 9th Conference on October 3-4 in Port Harcourt
- E-Business2 days ago
Private Malware to Ransomware-as-a-Service: the Rise of Mallox