Customs, agents disagree over National Single Window operations
By Godwin Oritse & Efe Onodjae There are indications of festering disagreements over the implementation of the National Single Window (NSW), a centralized digital portal launched by the Federal Government in March this year to address delays in import-export processing at the ports. It allows importers and exporters to submit trade documents once, replacing duplicate paperwork […]
Stockbrokers outline strategic actions to accelerate transformation of Nigeria’s capital market
By Peter Egwuatu The Chartered Institute of Stockbrokers (CIS) has issued a comprehensive set of recommendations aimed at fast-tracking the modernisation and growth of Nigeria’s capital market. At the Institute’s 29th Annual Stockbrokers’ Conference held in Abuja, participants emphasised that decisive reforms were essential for positioning the market as a catalyst for national economic transformation. […]
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 […]
