Customs, agents disagree over National Single Window operations
By Godwin Oritse & Efe Onodjae There are indications of festering disagreements over the implementation of the National Single Window (NSW), a centralized digital portal launched by the Federal Government in March this year to address delays in import-export processing at the ports. It allows importers and exporters to submit trade documents once, replacing duplicate paperwork […]
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 […]
Over 100 imported vegetable oil brands dominating local market despite ban — Ikoro
….Accuses Customs, NAFDAC, SON of enforcement failure By Cynthia Alo Despite the retention of vegetable oil on the Federal Government’s prohibition list under the 2026 fiscal policy measures, the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey Ikoro, said the local market is still dominated by more than 100 imported oil brands, […]
FRSC commends Dangote Cement on new transport safety policy
By Yinka Kolawole The Federal Road Safety Corps (FRSC) has commended Dangote Cement Plc for delivering measurable and transformative improvements in road safety, noting a significant decline in articulated truck crashes across Nigeria following the introduction of innovative transport safety policies and operational reforms. The Corps described Dangote Cement as a benchmark for transport management and […]
CBN extends PoS geo-fencing deadline to July 31
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has extended the deadline for enforcement of its Point of Sale (PoS) terminal geo-fencing framework to July 31, giving more room for compliance. This was disclosed in a circular issued by the CBN Director of the Payments System Supervision Department, Rakiya Yusur. The CBN […]
Stock market sustains bullish run, recovers from previous week’s losses
By Peter Egwuatu The Nigerian stock market sustained its bullish momentum in May 2026 as investors gained over N4.514 trillion during the month. Meanwhile, Week-on-Week, WoW, the market, last week, also recovered from the losses it recorded previous week to post a N431 billion gain at close of trading last Friday. In the month of May, […]
Education, medical tourism drive foreign travel spending to $6bn
Nigerians spent $5.996 billion on airline tickets for foreign travels in 2025, a 32 per cent rise, year-on-year, YoY, amid increases in education related travels and a surge in international business engagements.
Dangote Refinery reduces petrol price to N1,250/litre
Dangote Refinery has reduced the gantry price of petrol, to N1,250 per litre from N1,275 per litre, representing a two per cent decrease.
