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 […]
Delta State unveils roadmap to unlock 3,000MW potential
..Transcorp, Manitoba, InfraCredit, CNG Initiative pledge investmentsBy Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko AkuophaASABA—Delta State yesterday unveiled a roadmap to unlock its nearly 3,000 megawatts of installed electricity generation capacity, with plans to establish a Delta State Electricity Regulatory Commission and a Delta State Rural Electrification Agency, as major investors in the power […]
Interest rate to remain high amid inflationary pressures — United Capital
By Peter Egwuatu United Capital Plc, has indicated that interest rate in Nigeria is expected to remain high at the backdrop of inflationary pressures in the second half of 2026 H2’26. Speaking at its investor relations roundtable, held in Lagos, with the theme: “Decoding performance insights into United Capital Growth Drives and outlook”, the company’s Group […]
FCCPC seeks uniform consumer protection as states open electricity markets
By Progress Godfrey The Federal Competition and Consumer Protection Commission (FCCPC) has called for stronger collaboration among electricity sector regulators to ensure uniform consumer protection and regulatory certainty. The call comes at the backdrop of decentralization of electricity and establishment of electricity markets at sub-national levels along with creation of regulatory systems by state governments. Executive […]
Banks’ deposits rise 670% to N83.95trn
•As borrowings drop By Elizabeth Adegbesan Banks’ deposits in the Central Bank of Nigeria, CBN, Standing Deposit Facility, SDF, recorded a sharp increase by 670.2 percent year-on-year (YoY) to N83.95 trillion in July 2026 from N10.9 trillion in July 2025. On the other hand banks’ borrowing from the apex bank’s Standing Lending (SLF) fell by 82 […]
WACT-APM Terminals expands awards scholarships awards, 52 more beneficiaries added
By Godwin Oritse West Africa Container Terminal (WACT)-APM Terminals Nigeria has expanded its educational support initiative with the award of scholarships to 52 new beneficiaries, comprising 47 students from its host communities and 5 children of employees, bringing the total number of beneficiaries under the WACT Scholarship Scheme to 193.The scholarship award ceremony, held on […]
