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 […]
CBN grants IOCs access to repatriate 100% export proceeds
The Central Bank of Nigeria, CBN, on Wednesday, granted International Oil Companies (IOCs) unfettered access to repatriate 100 percent of their export proceeds through Authorised Dealer Banks (ADBS).
CBN reaffirms oversight, assures stability of Union Bank after court ruling
The Central Bank of Nigeria (CBN) on Wednesday assured the public of the stability of Union Bank PLC, saying it will continue to provide regulatory oversight of the bank and review the court judgement regarding its intervention in the bank.
SEC, NYSC sign MoU to promote sound investment habit
By Peter Egwuatu THE Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have signed a Memorandum of Understanding (MoU) to promote financial literacy and protect young Nigerians from fraudulent investment schemes. The agreement, signed in Abuja by SEC Director-General, Dr. Emomotimi Agama, and NYSC Director-General, Brigadier General Olakunle Oluseye Nafiu, will integrate […]
MAN urges Africa to boost industrial capacity through value addition
By Providence Ayanfeoluwa THE Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has called on African countries to strengthen industrial capacity through backward integration and value addition, rather than exporting raw materials. Speaking during a facility tour of Coleman Technical Industries Limited in Sagamu, Ogun State, Ajayi-Kadir said Africa must develop the capacity to […]
Solid Minerals: FG attracts over $2.6bn FDI in 2 yrs —Alake
By Gabriel Ewepu THE Minister of Solid Minerals Development, Dr. Dele Alake, disclosed that the Tinubu-led administration has attracted over $2.6 billion in Foreign Direct Investment, FDI into the sector in two years. Alake made this known in a statement signed by his Special Assistant on Media, Segun Tomori, where the Minister advocated for regional […]
