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Customs imposes 3% fine on banks for late revenue remittance

Customs imposes 3% fine on banks for late revenue remittance

By Godwin Oritse The Nigeria Customs Service (NCS) has imposed a three per cent penalty on Designated Banks that fail to remit collected revenue within the stipulated timelines, following the discovery of lapses in remittances processed on its B’odogwu platform. The Service said reconciliation of transactions revealed delays by some banks in transferring revenues due to […]

Dollar to Naira exchange rate today, December 18, 2025

Dollar to Naira exchange rate today, December 18, 2025

​The Nigerian Naira maintained a steady yet cautious position against the United States Dollar today, December 18, 2025, as activity in both the official and parallel markets reflected the ongoing year-end demand for foreign exchange.

Lekki Port hits 50% capacity milestone amid strong cargo growth

Lekki Port hits 50% capacity milestone amid strong cargo growth

By Godwin Oritse The management of Lekki Deep Seaport has disclosed that the port now operate at close to 50 per cent of its trade capacity, with steady month-on-month growth in container throughput since September, 2025. This is just as a recentlt released data from Nigeria’s “Trade by Top 10 Posts/Ports of Operation,” between first […]