Business
Nigeria Customs Service to retire 1,516 officers
According to the documents, officers across all cadres, from the rank of Deputy Comptroller-General to Customs Assistant II, will exit the service in line with statutory retirement provisions.
The Nigeria Customs Service will disengage 1,516 officers nationwide over the next two years.
The retirement notices were contained in two circulars issued by the Service’s Human Resource and Development Department and signed by the Comptroller, Establishment, A.A. Bazuaye, on behalf of the Deputy Comptroller-General, Human Resources and Development.
According to the documents, officers across all cadres, from the rank of Deputy Comptroller-General to Customs Assistant II, will exit the service in line with statutory retirement provisions.
The first document, Circular No. HRD/2025/048 dated September 19, 2025, contains the final list of 825 officers scheduled to retire in 2026.
A second Circular No. HRD/2026/020 dated May 26, 2026, forwarded a draft list of 691 officers due for statutory retirement in 2027.
In both circulars, the Service directed affected officers to proceed on mandatory pre-retirement leave in accordance with Public Service Rule 100238 and Federal Government Circular No. 63216/S.I/X/T; CR 1/2001/5 of March 20, 2001.
The officers were further directed to ensure compliance and forward their three-month pre-retirement notice to the Comptroller-General of Customs accordingly.
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Business
WEF could appoint Lagarde as its next chair, sources say
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
•European Central Bank President Christine Lagarde
The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.Lagarde’s ECB term is scheduled to end in October 2027.
Leaving early would give European Union leaders a chance to pick a new ECB President before France’s spring presidential election, which opinion polls suggest the far-right could win, and could pave the way for a deal involving two other senior ECB roles.
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
No final decision has been taken yet, they said.
A spokesperson for the WEF said the forum could not confirm when the next full Board of Trustees meeting would take place, but that the aim was to hold one before the end of the year.
Business
Germany plans tax on sugary drinks
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
The German cabinet has approved draft legislation to tax sugary drinks in Europe’s biggest economy.
If passed by the German Bundestag, the tax will take effect on 1 July 2027.
The coalition aims to raise revenue for the federal budget while encouraging manufacturers to reduce sugar content and offer healthier products.
The levy is intended to ease pressure on the healthcare system, which faces costs of more than €2 billion every year linked to the high consumption of sugary drinks, which contributes to obesity, diabetes and tooth decay.
According to the federal government, Berlin is using the tax to implement “what associations from the fields of health, science, child protection, and consumer protection have long been demanding.”
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
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