Trade facilitation: Customs unveils digital baggage import declaration
The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
We’ve started paying depositors of 46 microfinance banks — NDIC
•Over 700,000 Heritage Bank depositors paid By Cynthia Alo The Nigeria Deposit Insurance Corporation, NDIC, has said that it has commenced payment of depositors of the 46 microfinance banks whose operating licences were revoked by the Central Bank of Nigeria, CBN, in July 2026. The Managing Director and Chief Executive Officer of NDIC, Mr. Thompson Sunday, […]
Senate backs EKEDP’s turnaround, seeks solution to sector bottlenecks
By Udeme Akpan, Energy Editor The Senate Committee on Privatisation has commended Eko Electricity Distribution Plc (EKEDP) for its improved operational performance since the privatisation of Nigeria’s power sector, while pledging to push for solutions to persistent challenges undermining electricity distribution across the country. During an oversight visit to EKEDP’s headquarters in Marina, Lagos, the Committee […]
NGX Group declares N1.30 interim dividend as H1 profit jumps 146%
By Peter Egwuatu The Nigerian Exchange (NGX) Group Plc has declared an interim dividend of N1.30 per ordinary share for the six months ended June 30, 2026, following a strong first-half financial performance driven by increased trading activity and higher investment income. In a statement, the Group reported that revenue surged 118 per cent to N17.60 […]
Aba Power promises electricity restoration as gas repairs near completion
By Udeme Akpan Aba Power has assured residents and businesses in the Aba Ring-fenced Area that electricity supply will be restored before the end of the week following progress in efforts to resolve the gas supply disruption that plunged the area into darkness. The assurance came as members of the Abia State House of Assembly […]
Consumers paid N208.15bn for electricity in May — NERC
By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid a total of N208.15 billion for power supplied in May 2026, as electricity distribution companies (DisCos) improved their revenue collection efficiency despite a decline in billing efficiency. This is contained in the Nigerian Electricity Regulatory Commission (NERC), Commercial Performance Factsheet for May 2026 which also showed […]
