Business
NIS Begins Arrest Of Suspected Recruitment Fraudsters
The Nigeria Immigration Service (NIS) says it has begun arrest of suspected recruitment fraudsters and senior officers in the service involved in job racketeering.
The NIS spokesperson, Mr Sunday James disclosed this in an interview with newsmen in Abuja recently.
He said that NIS had commenced investigations into the ugly trend and arrested some of the suspects, including senior officers involved in the racketeering.
According to him, an Assistant Comptroller of Immigration (ACI) is currently facing disciplinary action for allegedly defrauding innocent citizens, including lecturers and family members in Jos.
“The Service has started swooping down on and arresting these dubious elements who unfortunately include an Assistant Comptroller of Immigration (ACI).
“The ACI allegedly defrauded innocent citizens, including lecturers and family members in Jos. He is currently facing disciplinary action,” James said.
The spokesperson expressed concern that desperate members of the public still fall prey to fraudsters’ nefarious activities in spite several warnings from the NIS.
James further urged members of the public to disregard any request for payment for employment and report any such request to the NIS headquarters.
James said they should report any case of extortion in the guise of securing employment in NIS to: nis.servicom@nigeriaimmigration.gov.ng or call +234 (0)7080607900.
The Tide source further reports that NIS is currently in the process of recruiting some Nigerians into the service after the botched 2014 recruitment during which some Nigerians lost their lives and others injured.
The NIS Comptroller-General, Muhammad Babandede had pledged that the ongoing recruitment process would be transparent, follow due process and in line with international best practices.
He said this was to avoid the repeat of the past mistakes.
Business
Association Seeks Intervention to Save Domestic Airlines
Business
CBN Reforms Impact Consumers As Dollar Card Spending Limits Rise
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
Business
WEC: FG Inaugurates Governing Board … As Nigeria Rejoins Council
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.
