Drug trafficking through ports threatens Nigeria’s trade reputation, economy — Report
By Providence Ayanfeoluwa Nigeria’s growing exposure to drug trafficking through its seaports is posing a serious threat to the country’s international trade reputation, economic competitiveness and investment prospects, the Sea Empowerment & Research Center (SEREC) has warned. In its July 2026 Policy Bulletin released yesterday, SEREC said the persistent use of Nigerian seaports as transit routes […]
NAICOM charges insurers to adopt customer-centric business model
By Rosemary Iwunze The National Insurance Commission, NAICOM, has called on insurers to transition from a product-centric approach to a customer-centric model. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, who stated this at the opening ceremony of the Insurance Week 2026, explained that customer-centric model entails actively involving clients in the product development process seeking their […]
Nigeria, others commit $27bn to port infrastructure expansion — PMAWCA
By Efe Onodjae Nigerian and other countries in West and Central Africa have committed over $27 billion to port infrastructure expansion projects aimed at strengthening regional trade integration, improving maritime logistics and driving economic growth across the sub-region. Managing Director of the Nigerian Ports Authority, NPA, Dr. Abubakar Dantsoho, disclosed this yesterday during the opening of […]
Sugar industry key to addressing unemployment, insecurity — NSDC boss
The Executive Secretary/CEO of the National Sugar Development Council, NSDC, Mr. Kamar Bakrin, has said that developing Nigeria’s sugar industry could significantly address unemployment, insecurity and rural community underdevelopment by creating massive jobs and attracting investments to rural communities. Bakrin stated this during a strategic meeting between the NSDC and the Nigeria Customs Service, NCS, […]
Diaspora remittances stabilises at $21.8bn in 2025 amid global pressures
•Sub-Saharan Africa remains most expensive By Babajide Komolafe Diaspora remittances into Nigeria stabilised at $21.8 billion in 2025 despite mounting global economic pressures, tighter immigration policies in major economies and rising transfer costs across Sub-Saharan Africa. Vanguard analysis of data from the Central Bank of Nigeria, CBN, Quarterly Statistical Bulletin for fourth quarter 2025, Q4’25, showed […]
NAICOM charges insurers to adopt customer-centric business model
By Rosemary Iwunze The National Insurance Commission, NAICOM, has said that insurers must deliberately transition from a product-centric approach to a customer-centric model. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin who stated this at the opening ceremony of the Insurance Week 2026, noted that customer-centric model entails actively involving clients in the product development process […]
