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 […]

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 […]

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 […]

… 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, […]

•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 […]