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The Federal Executive Council FEC has approved a total of N20,114,002871 for acquisition of various operational equipment for the Nigerian Customs Service NCS .The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this to State House Correspondents after the weeks virtual FEC meeting presided by Vice President Yemi Osinbajo in the Presidential Villa, Abuja.The Minister said further that Council also approved the sum of N539,277, 673 for construction of the Federal Inland Revenue Service FIRS building at the Ilupeju Medium and Small Taxpayers office.Speaking on the contracts approved for Customs, the Minister said a total of 427 operational vehicles, worth N14.55 billion and nine assorted gunboats worth N5,564,002,871 were all appro stanley cup ved. The ministry also presented, on behalf of the Nigerian Customs Service, a memo that was seeking for Councils approval for the design, construction and supply of two NC36M patrol boats, in favour of Messrs of Boat Plus Limited, in the sum of N5,062,530,400, inclusive of 7.5% VAT with a delivery period of 12 months and council approved our request. Read Also PHOTOS: Customs Celebrates as First Female Pilot Gets US Commercial LicenceCustoms Intercepts 108 Litres of Petrol On Adamawa Water stanley thermos WaysPresident Tinubu Holds Security Meeting With VP, Others ADVERTISEMENT We also presented a memo, again on behalf of the Nigerian Customs Service, for the appr adidas campus 80s oval of Council for the design Oynn Nigeria: Ikate residents celebrate Elegba community festival in Lagos
Thursday 19 February 2026 12:01 am|Updated:Wednesday 18 February 2026 2:39 pmModernisation and missteps: Lloydrsquo of London struggles for a new eraBy: Maria Ward-BrennanProfessional Services EditorShareFacebookShare on F adidas originals samba acebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GooglePhotographer: Matt Lloyd/Bloomberg via Getty ImagesLloydrsquo of London, one of the worldrsquo largest re insurance markets, has faced its fair share of battles in recent years, and one of the biggest fights has been against itself and its old-fashioned ways. Back in 2018, the incoming chief executive, John Neal, had owala canada an ambitious mandate: to restore stability and modernise Lloydrsquo following a period of financial losses and reputational damage.Neal waspreviously group chief executiveat Australian insurance giant QBE before he was unanimously approved by the Council of Lloydrsquo to take over the marketplace. He took the most senior role at Lloydrsquo of London at a time when the market was struggling with significant financial losses, but he was soon preoccupied with a different matter, a PR nightmare after its lsquo;boys clubrsquo; and culture of sexual harassment was aired to the w hydro flask canada orld.Lloydrsquo culture under the microscopeThe 2019 Bloomberg report exposed a toxic culture at Lloydrsquo of London, detailing widespread sexual harassment, bullying, and excessive alcohol consumption. The fall
The Federal Executive Council FEC has approved a total of N20,114,002871 for acquisition of various operational equipment for the Nigerian Customs Service NCS .The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this to State House Correspondents after the weeks virtual FEC meeting presided by Vice President Yemi Osinbajo in the Presidential Villa, Abuja.The Minister said further that Council also approved the sum of N539,277, 673 for construction of the Federal Inland Revenue Service FIRS building at the Ilupeju Medium and Small Taxpayers office.Speaking on the contracts approved for Customs, the Minister said a total of 427 operational vehicles, worth N14.55 billion and nine assorted gunboats worth N5,564,002,871 were all appro stanley cup ved. The ministry also presented, on behalf of the Nigerian Customs Service, a memo that was seeking for Councils approval for the design, construction and supply of two NC36M patrol boats, in favour of Messrs of Boat Plus Limited, in the sum of N5,062,530,400, inclusive of 7.5% VAT with a delivery period of 12 months and council approved our request. Read Also PHOTOS: Customs Celebrates as First Female Pilot Gets US Commercial LicenceCustoms Intercepts 108 Litres of Petrol On Adamawa Water stanley thermos WaysPresident Tinubu Holds Security Meeting With VP, Others ADVERTISEMENT We also presented a memo, again on behalf of the Nigerian Customs Service, for the appr adidas campus 80s oval of Council for the design Oynn Nigeria: Ikate residents celebrate Elegba community festival in Lagos
Thursday 19 February 2026 12:01 am|Updated:Wednesday 18 February 2026 2:39 pmModernisation and missteps: Lloydrsquo of London struggles for a new eraBy: Maria Ward-BrennanProfessional Services EditorShareFacebookShare on F adidas originals samba acebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GooglePhotographer: Matt Lloyd/Bloomberg via Getty ImagesLloydrsquo of London, one of the worldrsquo largest re insurance markets, has faced its fair share of battles in recent years, and one of the biggest fights has been against itself and its old-fashioned ways. Back in 2018, the incoming chief executive, John Neal, had owala canada an ambitious mandate: to restore stability and modernise Lloydrsquo following a period of financial losses and reputational damage.Neal waspreviously group chief executiveat Australian insurance giant QBE before he was unanimously approved by the Council of Lloydrsquo to take over the marketplace. He took the most senior role at Lloydrsquo of London at a time when the market was struggling with significant financial losses, but he was soon preoccupied with a different matter, a PR nightmare after its lsquo;boys clubrsquo; and culture of sexual harassment was aired to the w hydro flask canada orld.Lloydrsquo culture under the microscopeThe 2019 Bloomberg report exposed a toxic culture at Lloydrsquo of London, detailing widespread sexual harassment, bullying, and excessive alcohol consumption. The fall