Customs releases impounded trucks after CGC’s intervention at bonded terminal
By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]
NUPRC awards 37 oil blocks to 31 firms in 2026 licensing round
The winners emerged at the commercial bid conference held on Tuesday at the Transcorp Event Centre, Abuja, marking the conclusion of the competitive phase of the licensing exercise.
Drug trafficking through ports threatens Nigeria’s trade reputation, economy — Report
By Providence Ayanfeoluwa Nigeria’s growing exposure to drug trafficking through its seaports is posing a serious threat to the country’s international trade reputation, economic competitiveness and investment prospects, the Sea Empowerment & Research Center (SEREC) has warned. In its July 2026 Policy Bulletin released yesterday, SEREC said the persistent use of Nigerian seaports as transit routes […]
FCMB introduces ‘book now, fly later’, offering up to N10m for air travel
First City Monument Bank (FCMB) and 247 Travels have launched ‘Book Now, Fly Later’, a financing programme that allows eligible customers to borrow up to ¦ 10 million for international flight tickets and repay over three to nine months. The programme is designed to help Nigerians spread travel costs for business, education, healthcare, tourism, and family […]
Tantalizers’ shareholders laud return to profitability
By Peter Egwuatu The shareholders of Tantalizers Plc have commended its Board of Directors and Management for the company’s return to profitability. The board also assured the shareholders that the company’s emerging growth trajectory was founded on strong operational foundations that would ensure sustainable long-term profitability and returns to investors. At the company’s Annual General Meeting, […]
Nigeria losing jobs, forex to inconsistent fish import policy — Expert
By EfeOnodjae Nigeria is undermining its drive for food security, job creation and foreign exchange conservation through inconsistent fish import policies that continue to favour imported fish over locally farmed varieties, a fisheries expert, Dr. OlukayodeOlubiyi, has warned. The policy inconsistency, he said, is discouraging investment in aquaculture, weakening domestic fish production and forcing the country […]
