By Yinka Kolawole,  with agency report The World Bank has downgraded Nigeria’s economic growth projection to average of 4.1 percent in 2026. In October 2025, World Bank  projected  Nigeria’s economy  will grow by 4.4 percent  in 2026 and 2027. The bank also downgraded the projection for 2027 to 4.2 percent, while the growth forecast for 2028 […]

By Godwin Oritse & Cynthia Alo The Nigeria Customs Service (NCS), in partnership with the Presidential Enabling Business Environment Council (PEBEC), has unveiled a results-driven reform agenda aimed at improving port operations and strengthening Nigeria’s trade competitiveness. The initiative was unveiled at the opening of a three-day operational workshop held in Apapa, Lagos on the theme […]

By Udeme Akpan The price of Nigeria’s Bonny Light crude has dropped by 14.2 per cent to $94.41 per barrel from $110 per barrel on Tuesday in the global oil market, following the announcement of a two-week ceasefire by Donald Trump. Iran also indicated it would ensure the safe passage of oil tankers through the Strait of […]

•Orders insurers to contribute 0.25% of net premium income  By Rosemary Iwunze  The National Insurance Commission (NAICOM) has unveiled the Insurance Policyholders’ Protection Fund (IPPF), mandating all insurance and reinsurance companies to contribute to the scheme as part of efforts to safeguard policyholders and strengthen industry stability. Under the new directive, insurers are required to remit […]

•Apex bank affirms lender remains strong, stable FRESH details have emerged regarding the circumstances that led to the regulatory intervention in Union Bank of Nigeria (UBN), with a forensic audit report alleging wide-ranging financial irregularities under the bank’s former owners and directors. The Central Bank of Nigeria (CBN) had in January 2024 dissolved the bank’s board […]