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’ […]
Nigeria spends $2.34bn on food imports in 2025, down 7.4%
•Food import share shrinks as total imports jump 28% By Babajide Komolafe Nigeria’s spending on food imports declined by 7.4 per cent, year-on-year to $2.34 billion in 2025, signaling a moderation in the country’s dependence on imported food products despite a sharp increase in overall import expenditure. Data on food imports obtained from the Central Bank […]
Nigeria, Liberia move to deepen maritime cooperation, capacity building
By Efe Onodjae The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dayo Mobereola, has reaffirmed Nigeria’s commitment to strengthening regional maritime integration, cooperation and capacity development across Africa. Mobereola made the pledge while receiving the Honorary Consul of Liberia in Lagos, Dapo Akinosun, at the NIMASA headquarters in Lagos. He described the engagement […]
Cardoso re-assigns deputy govs, Ikeazor now in charge of policy
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has re-assigned all four deputy governors of the institution.
Stock market dips 1.13% as investors lose N1.81trn
Investors lost N1.811 trillion on Monday as widespread profit-taking in major equities dragged the stock market into negative territory on the first trading day of June.
NSIB probes Bonny Anchorage vessel collision
By Efe Onodjae The Nigerian Safety Investigation Bureau, NSIB, has commenced investigation into the collision involving container vessel, MV Maersk Valparaiso, and oil tanker, MT Lady Martina, at Bonny Anchorage in Rivers State. The incident, which occurred on May 20, 2026, has been classified by the Bureau as a “Very Serious Marine Casualty.” In a statement issued […]
