Trade facilitation: Customs unveils digital baggage import declaration
The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
Banks, fintechs facilitate N162bn crypto, N18.7bn scam — EFCC
By Luminous Jannamike The Economic and Financial Crimes Commission (EFCC) has uncovered widespread compromise within Nigeria’s financial system, revealing that commercial banks, fintech companies and microfinance banks facilitated the movement of N162 billion in cryptocurrency transactions and N18.7 billion in fraud proceeds without due diligence, facilitating scams that affected more than 900,000 Nigerians. The Commission said the […]
2026 Macroeconomic Outlook: EnterpriseNGR report presentation sees further stability
By Emeka Anaeto, Business Editor As Nigeria’s economic reforms enters its third year analysts have remained largely optimistic that a sustained policy measures would result in stability across key macroeconomic indicators. This was the major content in the 2026 EnterpriseNGR macroeconomic outlook launched yesterday in Lagos. Speaking on the outlook, Omotayo Muritala, Head of Research at […]
N4trn debt: FG bows to pressure, pays N152bn to contractors
By Emma Ujah The Federal Ministry of Finance (FMF) has confirmed the payment of the sum of N152 billion to contractors out of the total debt estimated at N4 trillion, explaining that the delay in payment was due to the verification process. This came at the backdrop of the long standing protests by the contractors […]
InfraCredit mobilises local currency debt for First Electric energy project
By Babajide Komolafe InfraCredit, an infrastructure credit guarantee institution, has announced the credit enhancement of First Electric Power and Automation Services Limited’s local currency debt issuance under a co-financing arrangement with the Climate Finance Blending Facility (CFBF). The transaction marks the first mesh-grid clean energy infrastructure project supported by the Facility and its sixth overall […]
Domestic stock investors dominate trade as portfolio transactions surge 42%
By Peter Egwuatu Domestic investors have recorded significant growth for the bulk of activity on the Nigerian Exchange Limited (NGX) in December 2025, as total domestic and foreign portfolio transactions rose sharply to N1.38 trillion, reflecting a 42.13 per cent increase from N0.97 trillion recorded in November 2025. The NGX Domestic and Foreign Portfolio Investment, FPI, […]
