Oando grows half year revenue to N2.1trn
Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and cost optimisation.
Banks record higher default rates on secured loans in Q3 2025 — CBN Survey
A new report by the Central Bank of Nigeria (CBN) shows that banks recorded increased default rates on secured loans in the third quarter of 2025 (Q3’25), even as credit availability rose across various lending categories.
Nigeria accounts for less than 2.3% of global seafarers
By Godwin Oritse Nigeria accounts for less than 2.3 percent of the global seafaring workforce, with only about 6,000 sailors registered out of the 1.9 million seafarers listed worldwide. Capt. Rasheed Onakoya of the Nigerian Association of Master Mariners (NAMM), disclosed this in a presentation at the quarterly lecture of the association, adding that only deliberate […]
Nigeria hits 1.7m bpd oil production multiple times — NUPRC
By Udeme Akpan & Sebastine Obasi The Nigerian Upstream Regulatory Commission, NUPRC, said the nation’s oil output has exceeded 1.7 million barrels per day, bpd, several times this year. Chief Executive of the Commission, Engr. Gbenga Komolafe disclosed this at the capacity building training for journalists in Lagos, yesterday. He also said Nigeria’s rig count, an […]
External reserves rises to $46 billion, highest in 7yrs
IMF applauds turnaround, clearing of FX backlog Emma Ujah, Abuja Bureau Chief The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso yesterday said that the nation’s external reserves has risen to $46.7 billion, representing the highest in seven years, since 2028. Cardoso disclosed this in Abuja at the opening of the Monetary Policy Department […]
Finance Minister kicks off acceptance testing of NSW ahead of March 2026 operation
The Federal Government has commenced the National Single Window (NSW) User Acceptance Testing (UAT) with the first cohort of participating stakeholders to ensure the unified and technology-driven trade ecosystem becomes operational by March 2026. The technology vendor CrimsonLogic, yesterday, walked each agency and stakeholder through NSW’s onboarding process, system navigation features and the operational framework […]
