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Importers pay N100,000 daily demurrage over NSW delays — Customs agents

Importers pay N100,000 daily demurrage over NSW delays — Customs agents

By Efe Onodjae Importers and clearing agents have raised concerns over mounting demurrage costs at Nigerian seaports, blaming delays linked to the National Single Window (NSW) platform for prolonged cargo clearance processes. The National President of the National Council of Managing Directors of Licensed Customs Agents, NCMDLCA, Lucky Amiwero, along with other customs agents, alleged that […]

Dollar to Naira exchange rate today, June 22, 2026

Dollar to Naira exchange rate today, June 22, 2026

The Nigerian naira traded at relatively stable levels against the United States dollar on Monday, June 22, 2026, as the official and parallel foreign exchange markets continued to maintain a narrow spread.

Stock market slides as profit-taking hits blue chip companies 

Stock market slides as profit-taking hits blue chip companies 

By Peter Egwuatu  After the sustained rally recorded in the previous weeks of May 2026, profit-taking by investors last week have taken toll on the Nigerian stock market. Analysts noted that the profit-taking was mostly in major blue chip and mid-cap companies that had paid dividends to their shareholders. A review of activity on the Nigeria […]

Benue seeks stronger ties with N-HYPPADEC, pushes for water projects, safer waterways

Benue seeks stronger ties with N-HYPPADEC, pushes for water projects, safer waterways

By Peter Duru, Makurdi The Benue State Government has commended the National Hydroelectric Power Producing Areas Development Commission (N-HYPPADEC) for its continued support and solidarity with the state, while calling for stronger collaboration on critical infrastructure and water safety initiatives. Speaking on behalf of Governor Hyacinth Alia while receiving the Managing Director and Chief Executive […]

Taraba needs mining regulation, not uncertainty: A call for stable policies and sustainable development

Taraba needs mining regulation, not uncertainty: A call for stable policies and sustainable development

By Kingsley Chukwuka Public discussions and concerns are mounting over the stability of mining policies and sustainable development in Taraba State following a recent suspension announcement circulating within the industry. ​The full text of the report and perspective from industry stakeholders details the situation below: “​We have followed with concern the recent reports and public […]