Business
Freight Forwarders Raise Alarm Over Govt Reforms Sabotage

The National Association of Government Approved Freight Forwarders (NAGAFF) has called for the deregistration of four associations with a request for the withdrawal of their Corporate Affairs Commission (CAC) certificates for national interest.
This follows what is perceived as an agenda to sabotage government reforms in the Marine and Blue Economy sectors,
NAGAFF said it had carefully observed recent actions by the Association of Nigerian Licensed Customs Agents, (ANLCA), Association of Registered Freight Forwarders of Nigeria (AREFF), National Association of Air Freight Forwarders and Consolidators (NAFFAC), and National Council of Managing Directors of Licensed Customs Agents, (NCMDLCA) since the appointment of the current Registrar of the Council for the Regulation of Freight Forwarding in Nigeria, CRFFN, Mr. Kingsley Igwe.
These groups have publicly aligned with a court judgment obtained by Mr. Lucky Amiwero of NCMDLCA in Suit No. FHC/L/CS/765/2018, claiming that CRFFN lacks the authority to regulate customs agents and collect Practitioner Operating Fee (POF), even when the CRFFN has appealed and filed a stay of execution, rendering the ruling unenforceable.
Speaking at a media briefing in Lagos, National President, NAGAFF, Chief Tochukwu Ezisi, said those who no longer believe in CRFFN’s mandate should exit the stage, adding that the government should investigate the economic and regulatory sabotage being carried out under the guise of activism.
He said: “These groups have often failed in their statutory financial obligations to CRFFN. ANLCA and NCMDLCA must align their identities with the new Nigeria Customs Service (NCS) Act 2023.
“We recommend that CRFFN consider the deregistration of these four associations and request the withdrawal of their CAC certificates in national interest.
“Despite these distractions, NAGAFF remains proud of the performance of the current Registrar. Under one year, he has shown exceptional leadership, including: expanding CRFFN’s funding beyond POF to improve financial sustainability; commenced the training of one thousand freight forwarders in 2025, a capacity-building initiative which has seen a successful training of 300 freight forwarders already; and driving digital modernization and stakeholder collaboration to strengthen CRFFN’s regulatory role.
“We hereby pass a vote of absolute confidence on the leadership of the CRFFN Registrar/CEO under the supervision of the Minister of Marine and Blue Economy, Adegboyega Oyetola.”
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Business
“FCCPC Approves Sale Of Chivita|Hollandia To UAC Nigeria PLC

UAC of Nigeria PLC (UAC) has announced the completion of it’s in a press release on October 3, 2025, that it has completed the acquisition of Chivita|Hollandia (CHI Limited), following approval from the Federal Competition and Consumer Protection Commission (FCCPC).
Revealing this in a Press Release, at the Weekend, UAC said the transaction, first disclosed on July 30, 2025, involved the transfer of ownership of CHI Limited, a leading Nigerian food and beverage company best known for its market-dominant Chivita juice and Hollandia dairy brands, to UAC.
Commenting on the development, the Managing Director, CHI Limited, Eelco Weber, expressed optimism in the company’s future under UAC’s ownership.
“We are pleased to have received regulatory approval for this transaction. We look forward to a smooth transition and to seeing Chivita|Hollandia thrive under UAC’s ownership,” he said.
Group Managing Director of UAC, Fola Aiyesimoju, highlighted the strategic importance of the acquisition saying “We are excited to officially welcome the Chivita|Hollandia team and brands into the UAC family, and we are eager to work together to build on their strong legacy and market leadership”.
The acquisition is expected to strengthen UAC’s position in Nigeria’s fast-moving consumer goods (FMCG) sector, expanding its footprint into the growing juice and dairy markets.
UAC further said that the acquisition aligned with its growth agenda by adding two market-leading brands and a well-established distribution network to its por.
Business
PenCom Reintroduces Gratuity For Federal Civil Servants

The National Pension Commission has said it has deployed a framework to restore gratuity for Federal Civil Service under the Contributory Pension Scheme.
Director-General of PenCom, Omolola Oloworaran, disclosed this at a Stakeholders’ Conference on the Workings of the Contributory Pension Scheme (CPS) for Employees and Pensioners of Federal Government Treasury-Funded Ministries, Departments and Agencies, in Abuja, last Thursday.
Represented by the Acting Commissioner, Technical, PenCom, Hon. Hafiz Kawu Ibrahim, Oloworaran said, “Working with the office of the Head of the Civil Service, a framework has been developed to restore gratuity benefits for federal workers under CPS, in line with Section 4(4) of the PRA 2014.”
The PenCom DG added that “PenCom has enhanced pensions for over 241,000 retirees, representing 80% of those under Programmed Withdrawal. Monthly pensions rose from N12.157 billion to N14.837 billion, effective June 2025.
“Also, since July 2025, no retiree waits to access their pensions. Payments are now immediate, aligned with monthly salary releases from the Federal Ministry of Finance”.
Also speaking, the Chairman of the National Salaries, Income and Wages Commission, Ekpo Nta, stated that the Commission would partner PenCom to examine the current rate of retirement benefits and recommend appropriate mechanisms for periodic reviews of retirement benefits.
Business
CAC, SMEDAN To Register 250,000 MSMEs Free ……..As CAC Forfeits ?3b In Fees Nationwide

The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have announced a joint initiative to register 250,000 Micro, Small, and Medium Enterprises (MSMEs) free of charge across the country, with CAC foregoing about ?3 billion in registration fees
The initiative, announced during the signing of a Memorandum of Understanding (MoU) in Abuja, at the Weekend, seeks to remove barriers such as high costs and bureaucratic challenges that have long kept many small businesses in the informal sector.
The Registrar-General, CAC, Hussaini Ishaq Magaji, SAN, explained that the scheme would eliminate the registration fee, helping entrepreneurs access official recognition and grow their businesses.
SMEDAN Director-General, Dr. Charles Odii, added that registration is just the first step, noting that registered businesses will benefit from continuous aftercare such as grants, training, and market access.
Together, the two agencies noted that CAC will forgo approximately ?3 billion in registration fees, while SMEDAN will provide continuous support to help these businesses thrive.
They added that this partnership supports the Federal Government’s Renewed Hope vision to boost Nigeria’s economy by empowering entrepreneurs.
CAC further disclosed measures to ease company registration with the steps as follows: 1. Visit the SMEDAN portal: http://portal.smedan.gov.ng., 2 Sign up and complete your registration on the portal., 3. When asked if you have a CAC number, select “No”., 4. Submit your details to complete the process., 5. Once registration is completed, you will be contacted with the next steps to finalise your free CAC registration.
It further clarified that MSMEs already on SMEDAN’s database without CAC registration automatically qualify for this free registration drive.