Crude oil, aviation fuel top import chart at Lekki deep-sea port
By Godwin Oritse Crude oil and other refined petroleum products dominated import activities at the Lekki Deep Sea Port in the first week of August, accounting for 1,867,712 metric tonnes of crude oil-based products brought into the country through the facility. Shipping documents obtained by Vanguard showed that petroleum products dominated imports through the Lekki Deep […]
Nigeria’s current account surplus rises 46% to $4.98bn
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, yesterday said the nation’s current account surplus grew year-on-year (YoY) by 46 percent to $4.98 billion in the first quarter of 2026 (Q1’26). The apex bank disclosed this in its Balance of Payments (BoP) report for Q1’26 noting that the current account surplus also grew quarter-on-quarter (QoQ) […]
Incoming NIA Chairman outlines three-pronged agenda to deepen market
By Rosemary Iwunze The incoming Chairman of the Nigerian Insurers Association, NIA, Mrs. Ebelechukwu Nwachukwu, has unveiled a strategic blueprint anchored on collaboration, public trust, and regulatory compliance. Speaking at a pre-investiture press conference in Lagos, Nwachukwu who is the Managing Director of REX Insurance Company Limited said that she also targets transitioning insurance from a […]
No considerations for fuel, telecoms taxes, FG reply IMF
By Emma Ujah, Abuja Bureau Chief The Federal Government has said it is not considering the imposition of fuel and telecommunications taxes. It was reacting to reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products following the recommendation of the International Monetary Fund (IMF) Article IV Consultation Report […]
TCN expresses concern over rising cases of vandalism in Niger State
By Obas Esiedesa The Transmission Company of Nigeria (TCN) has raised concerns over increasing vandalism of power transmission infrastructure in parts of Niger State, warning that the trend poses serious economic, safety and electricity supply challenges. Speaking during a community engagement visit to Lambata in Gurara Local Government Area yesterday, the General Manager, Transmission, Abuja Region, […]
IMF Prescriptions: Experts warn FG against costly foreign loans, VAT hike
By Peter Egwuatu Capital market operators and economic experts have urged the Federal Government to be cautious in implementing the International Monetary Fund’s (IMF) policy recommendations, warning against expensive foreign loans and a Value Added Tax (VAT) increase. Managing Director/Chief Executive Officer of Arthur Stevens Asset Management and former President of the Chartered Institute of Stockbrokers […]
