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BACITI graduates pioneer set of 40 Senior Customs Officers

The Comptroller-General of Customs,Bashir Adewale Adeniyi, said that the capacity building was aimed at raising the next generation of customs officers (2026-2035).

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The Bashir Adeniyi Centre for International Trade and Investment (BACITI) at the Nigerian Institute of International Affairs in Lagos, has graduated 40 senior officers of the Nigeria Customs Service, in Advanced Senior Executive Course.

The Comptroller-General of Customs,Bashir Adewale Adeniyi, said that the capacity building was aimed at raising the next generation of customs officers (2026-2035).

Represented by Gabo Aliu, Comptroller, Federal Operations Unit, NCS, Adeniyi described global customs operations as dynamic and evolving, stressing that the Service must be futuristic and responsive to emerging trade realities.

He added that incoming framework would be all-inclusive with the graduates’ deliverables forming the basis of the strategic policy direction for the next generation of customs officers.

Aliu said the CGC’s administration was forward-thinking, responsive and resilient with a clear objective to position the NCS at the front vanguard of trade, policy formulation and integration.

He said: “For the pioneering set, the CGC has emphasised on a definite mentor-mentee programme, so they are going out as ambassadors of the NCS and NIIA, so we are looking that they are going to be impacting whatever they’ve learned here onto the future generation of custom officers, so it will be a win-win for the Nigerian Customs Service and the industry in general.

Dr. Adesuwa Erediauwa, Head\Director of Bashir Adeniyi Centre for International Trade and Investment (BACITI) at the NIIA, the organisers of the training, charged graduating senior customs officers to become “interpreters of change” and architects of institutional resilience as the Nigeria Customs Service prepares for 2035 and beyond.

She noted that customs administrations globally now face shifting trade routes, AI-driven border management, geopolitical tensions, climate change and supply chain disruptions.

“In this kind of world, yesterday’s methods are no longer sufficient for even today’s challenges, not to talk of tomorrow’s challenges,” he stated.

She stressed that future customs officer “must not just be an administrator or a gatekeeper” but must become “an analyst of uncertainty, a strategist, and an innovator.”

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Business

Johnson & Johnson Willing To Pay $5.5bn To End Baby Powder Lawsuits Against The Company

The proposed settlement encompasses approximately 76,000 claims, including those consolidated in federal court in New Jersey and related cases in state courts, representing nearly all outstanding talc-related allegations against the company.

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Johnson & Johnson has announced a provisional settlement of an estimated $5.5 billion to resolve tens of thousands of lawsuits alleging its talc-based products, including baby powder, caused ovarian cancer.

The proposed settlement encompasses approximately 76,000 claims, including those consolidated in federal court in New Jersey and related cases in state courts, representing nearly all outstanding talc-related allegations against the company.

J&J had previously settled the majority of cases asserting that its talc contained asbestos and led to mesothelioma

The landmark agreement could bring an end to a contentious legal battle that has plagued the pharmaceutical giant for a decade.

The Independent UK reported yesterday. Plaintiff law firms confirmed the deal, describing it as a positive resolution following the protracted court proceedings.

For the agreement to become final, it requires acceptance from 95 per cent of the ovarian cancer claimants across state or federal jurisdictions.

Erik Haas, J&J’s Vice President of Litigation, maintained that the claims were “meritless” but stated the company was willing to settle to achieve “closure.”

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FG Availing ₦3.6bn to 200,000 Tailors Nationwide

Dr Afiz Ogun, Director-General of the ITF, announced the approval during the nationwide screening of applicants for the 2026 edition of the SUPA Programme in Abuja.

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Image credit: Bella Naija

The Federal Government has launched a ₦3.6 billion funding to support about 200,000 tailors under the Industrial Training Fund’s (ITF) Skill Up Artisans (SUPA) Programme.

Dr Afiz Ogun, Director-General of the ITF, announced the approval during the nationwide screening of applicants for the 2026 edition of the SUPA Programme in Abuja.

He said that the screening is designed to ensure only genuine artisans benefit.

Applicants are assessed on documentation, practical skills, commitment to the trade and readiness for further training.

The programme, launched in 2024, aims to reduce Nigeria’s dependence on foreign artisans by equipping local professionals with modern technical and entrepreneurial skills.

Under a new business incubation model, beneficiaries will receive industrial-grade sewing machines, specialised tailoring equipment, business signboards, mentorship and technical support.

The ITF dropped its previous practice of distributing starter packs after discovering that many beneficiaries sold the equipment instead of using it to build businesses.

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Business

Naira Exchange Rates To Foreign Currencies Wednesday, July 29

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BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,405 Sell ₦1,415

GREAT BRITISH POUND (GBP) Buy ₦1,900 Sell: ₦1,930

EURO (EUR) Buy ₦1,585 Sell ₦1,610

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

Commercial Bank Exchange Rates

Sterling Bank

Currency Buy Sell

USD / NGN ₦1350.00 ₦1385.00

GBP / NGN ₦1774.08 ₦1861.62

EUR / NGN ₦1514.63 ₦1595.45

ZAR / NGN ₦80.34 ₦84.76

Official CBN Exchange Rates

US DOLLAR (USD) ₦1,365.43

GREAT BRITISH POUND (GBP) ₦1,816.05

EURO (EUR) ₦1,552.88

SWISS FRANC (CHF) ₦1,667.11

JAPANESE YEN (JPN) ₦8.33

CHINESE YUAN (CNY) ₦201. 66

WEST AFRICAN CFA (XOF) ₦2. 36

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,847.10

SAUDI RIYAL (SAR) ₦363.74

SOUTH AFRICAN RAND (ZAR) ₦81.54

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