Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
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 […]
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 […]
Nigeria’s capital importation rises 256.9% to $2.82bn
Nigeria’s capital importation rose by 256.9 per cent year-on-year (YoY) to $2.82 billion in April 2026 from $0.79 billion in the corresponding period of 2025, indicating increased investor confidence in the economy, the Central Bank of Nigeria (CBN) has said. However, capital importation declined by 26.7 per cent month-on-month (MoM) from $3.85 billion in March […]
Prestige Assurance completes recapitalisation, heralds new era of financial strength, market leadership
By Rosemary Iwunze Prestige Assurance Plc has successfully completed its recapitalization programme, marking a defining milestone in its corporate evolution and reinforcing its position as one of Nigeria’s financially resilient and forward-looking insurance companies. The achievement, accomplished in compliance with the recapitalisation requirements of the National Insurance Commission (NAICOM), substantially strengthens the Company’s capital base, […]
