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Nigeria shows strong recovery, says Oduwole at World Economic Forum

Nigeria shows strong recovery, says Oduwole at World Economic Forum

By Progress Godfrey ABUJA — The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has said that Nigeria’s economy is showing strong signs of recovery, with growth above four percent, inflation falling, and renewed interest from local and foreign investors. Oduwole said the country’s economic reforms, investment drive and global partnerships are reshaping Nigeria’s outlook […]

World Bank, WCO, Customs train officers for trade facilitation

World Bank, WCO, Customs train officers for trade facilitation

By Godwin Oritse The Nigeria Customs Service (NCS), in collaboration with the World Customs Organisation (WCO) and the World Bank Group (WBG), commenced the WCO Accelerated Trade Facilitation Programme as part of ongoing efforts to strengthen trade facilitation, enhance compliance, and deepen Customs modernisation in Nigeria. The programme is designed to review previously agreed objectives and […]

6,422 insured depositors of defunct banks receive N3.31 bn in H1’25

6,422 insured depositors of defunct banks receive N3.31 bn in H1’25

By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said 6,422 insured depositors of 651 financial institutions were paid N3.31 billion in the first half of 2025 (H1’25). CBN disclosed this in its latest Financial Stability Report noting that the 651 financial institutions in liquidation comprises 50 Commercial Banks (CMBs), 546 Microfinance Banks (MFBs) and […]

FCCPC removes defaulting digital lenders from register

FCCPC removes defaulting digital lenders from register

… as compliance window closes By Progress Godfrey ABUJA — The Federal Competition and Consumer Protection Commission (FCCPC) has begun enforcing regulations against Digital Money Lending (DML) operators that failed to regularise their status under the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). Vanguard recalls that the FCCPC had set January 5, […]

Losses to fraud in banks decline, CBN intensifies measures

Losses to fraud in banks decline, CBN intensifies measures

•Unveils industry-wide war on e-fraud   •Internet banking fraud leads with N13.37bn, 4,507 cases   •Lagos tops with 63% fraud volumes   •3, 417 individuals on fraud watch list By Babajide Komolafe Losses to fraud in Nigerian financial institutions declined to N25.85 billion, 51 per cent year-on-year, from N52.26 billion in 2024. This comes as the Central Bank […]

Protest rocks INEC HQ over Warri re-delineation

Protest rocks INEC HQ over Warri re-delineation

A calm but resolute protest by the Warri Indigenous Women Forum, yesterday, drew attention to the headquarters of the Independent National Electoral Commission, INEC, in Abuja, as the women accused the commission of carrying out a re-delineation exercise they say threatens the political survival of the Itsekiri people in Delta State.