By Rosemary Iwunze Following the expiration of the April 30, 2026 deadline for the linkage of National Identity Number, NIN, to insurance policies, insurance companies have said they will no longer honour claims from policyholders who fail to comply with the directive. Head of the Publicity Committee of the Insurers Committee, Mrs. Ebelechukwu Nwachukwu, disclosed this […]

By Efe Onodjae Challenges arising from backlog clearing documents at the National Agency for Food and Drug Administration and Control, NAFDAC, and the Standards Organisation of Nigeria, SON, have slowed operations on the National Single Window, NSW, cargo clearing platform in the early phase of its rollout, officials NSW have disclosed. Speaking during a media engagement […]

By Victor Ahiuma-Young Manufacturers under the aegis of the Association of Food, Beverage and Tobacco Employers, AFBTE, have indicated that its operating environment in Nigeria is worsening. It cited excessive taxes and levies, high interest rate, insecurity, poor infrastructure and unstable power supply as major threats to business survival. The employers warned that despite recent macroeconomic […]

By Yinka Kolawole Manufacturing firms across Nigeria are increasingly turning to natural gas as rising diesel prices continue to push up production costs and threaten profitability in the industrial sector. Industry stakeholders said the shift has become necessary as manufacturers grapple with high energy costs, unstable power supply and foreign exchange pressures that have worsened the operating […]

By Elizabeth Adegbesan  Nigeria’s Gross Domestic Product (GDP) rose to 3.89 per cent in the first quarter of this year, Q1’26, representing a 0.76 percentage point increase from the 3.13 per cent recorded in the same period of 2025, Q1’25. However, the GDP growth in Q1’26, represents a 0.18 percentage points decline from the 4.07 per […]

By Godwin Oritse  A retired Customs officer, Seyi Adeyemo, has raised concerns over the loss of billions in revenue allegedly caused by the Nigerian government’s trade restrictions at the Seme Border, despite the multi-billion-naira infrastructure upgrades supported by the World Bank. Adeyemo also stated that the border post remains far below its economic potential, as ongoing […]

By Emma Ujah The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reaffirmed the apex bank’s commitment to orthodox monetary policy, transparency and evidence-based decision-making, warning against renewed calls for interventionist programmes. Speaking at the opening of the Monetary Policy Committee workshop in Abuja, Mr Cardoso said: “The ongoing reforms are critical to restoring […]

…We didn’t promise one-day approval — NSW 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, […]

•Provision for insurance removed in new NCAA regulation —  Experts By Rosemary Iwunze Indications have emerged that the Federal Government may shoulder the full financial burden arising from the recent fire incident at the international terminal of the Murtala Muhammed International Airport, following the apparent absence of insurance cover for Nigerian airports. The airport is managed by […]

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 […]

The Federal High Court sitting in Abuja, on Friday, granted the Central Bank of Nigeria (CBN) sole ownership rights to the eNaira digital currency platform.

By Elizabeth Adegbesan Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 percent increase in export receipts to a record $4.68 billion, largely fueled by petroleum products. This represents a 220 percent month-on-month (MoM) increase in trade surplus when compared to$150 million recorded in December 2025.   The Central Bank of Nigeria, […]

By Obas Esiedesa About 5.1 million consumers, representing about 41 per cent of Nigeria’s 12.31 million active electricity customers were without prepaid meters as of February 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its January and February 2026 metering factsheet, disclosed that only 7.21 million customers had been metered […]

THE Nigerian labour force under the Contributory Pension Scheme (CPS), remained heavily dominated by male workers in 2025, as the number of registered male contributors rose to 8.75 million against 3.47 million female subscribers

By Babajide Komolafe Chairman, SIFAX Group, Dr. Taiwo Afolabi, has called on African entrepreneurs, investors, and business leaders to prioritise the growth of large, sustainable corporations capable of competing globally, rather than operating fragmented and small-scale enterprises that limit the continent’s economic potential.  Speaking at the sidelines of the Africa CEO Forum held in Kigali, Rwanda, […]