India-Nigeria trade hits $9bn as firms deepen local production
By Yinka Kolawole India-Nigeria bilateral trade rose by 26 per cent to about $9 billion in 2025–26, from $7.13 billion recorded in 2024–25, as economic ties between both countries deepen beyond oil and commodities into manufacturing, healthcare, energy, technology and job creation. The Indian High Commissioner to Nigeria, Abishek Singh, disclosed that more than 200 Indian […]
eTranzact partners SMEDAN to expand digital access for SMEs
By Elizabeth Adegbesan eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises, MSMEs, through digital payment solutions, as it deepens its partnership with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to promote financial inclusion. The commitment was made at the SMEDAN/eTranzact Town Hall Engagement, themed, “Financial Literacy and […]
CBN opens second sandbox for virtual assets, data-driven finance
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria, CBN, yesterday opened applications for the second cohort of its Regulatory Sandbox Programme, introducing dedicated tracks for virtual assets and data-enabled financial services. Applications open today and close August 31, 2026, with the programme providing a controlled environment for innovators to test new financial products, […]
FG backs regional petrol pricing benchmark for West Africa
By By Obas Esiedesa The Federal Government has backed the establishment of a regional petrol pricing benchmark for West Africa, saying the initiative will strengthen energy security, deepen cross-border trade and enable the region to determine the value of its refined petroleum products. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, stated this yesterday […]
Importers incur excessive demurrage over empty container return delays – APFFLON
By Kafayat Kokumo Importers using the Apapa and Tin Can Island ports are facing mounting financial losses as difficulties in returning empty containers continue to attract avoidable demurrage and detention charges, the Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has said. In a statement made available to Vanguard, APFFLON National President, Otunba […]
US-Iran crisis pushes oil to $87, Nigeria gains $22/barrel
By Udeme Akpan The latest disagreement between President Donald Trump and Iran over the reopening of the Strait of Hormuz has pushed up oil prices by 5 per cent to $87 per barrel from $83 per barrel in the global market. This was even as Bank of America (BofA) warned that oil prices could continue […]
