Business

18 Years After: RMAFC moves to review president, governors, lawmakers’ pay

By Babajide Komolafe, Economy Editor The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has completed the review of the remuneration of political office holders, 18 years after their salaries were last reviewed by law, saying the proposed new remuneration and revenue allocation Bills will reach the National Assembly before the end of the year. Chairman […]
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Cardoso recommits to orthodox monetary policy, transparency

By Emma Ujah The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reaffirmed the apex bank’s commitment to orthodox monetary policy, transparency and evidence-based decision-making, warning against renewed calls for interventionist programmes. Speaking at the opening of the Monetary Policy Committee workshop in Abuja, Mr Cardoso said: “The ongoing reforms are critical to restoring […]

Importers pay N100,000 daily demurrage over NSW delays — Customs agents

…We didn’t promise one-day approval — NSW By Efe Onodjae Importers and clearing agents have raised concerns over mounting demurrage costs at Nigerian seaports, blaming delays linked to the National Single Window (NSW) platform for prolonged cargo clearance processes. The National President of the National Council of Managing Directors of Licensed Customs Agents, NCMDLCA, Lucky Amiwero, […]

No insurance cover for airports, exposes FG to losses, compensation claims

•Provision for insurance removed in new NCAA regulation —  Experts By Rosemary Iwunze Indications have emerged that the Federal Government may shoulder the full financial burden arising from the recent fire incident at the international terminal of the Murtala Muhammed International Airport, following the apparent absence of insurance cover for Nigerian airports. The airport is managed by […]

Stock market slides as profit-taking hits blue chip companies 

By Peter Egwuatu  After the sustained rally recorded in the previous weeks of May 2026, profit-taking by investors last week have taken toll on the Nigerian stock market. Analysts noted that the profit-taking was mostly in major blue chip and mid-cap companies that had paid dividends to their shareholders. A review of activity on the Nigeria […]

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