Customs releases impounded trucks after CGC’s intervention at bonded terminal
By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]
APMT Apapa, key driver of Nigeria’s export trade — Kapito
By Godwin Oritse Nigeria’s largest container terminal, APM Terminals Apapa, has expressed its role in driving the nation’s export growth through strategic investments in infrastructure, technology and operational efficiency. Speaking at an Export Management Workshop organised by Lagos Business School in Lagos, the Chief Commercial Officer of APM Terminals Apapa, Mr. Westtar Kapito, said: “APM Terminals […]
Fuel Supply: NMDPRA grants new import permits to seven oil marketers
By Udeme Akpan, Energy Editor Nigeria’s downstream petroleum regulator has approved a fresh round of fuel import permits for major oil marketers as concerns grow over domestic supply level. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) issued the new approvals to selected marketers for the third quarter of 2026, covering the importation of […]
Cardoso launches CBN Naira Ambassadors Club
•Urges Nigerians to protect currency By Emma Ujah, Abuja Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has launched the CBN Naira Ambassadors Club, a campaign aimed at promoting respect for and proper handling of the Naira among young Nigerians. Speaking at the inauguration of the club, comprising secondary school students in […]
Net forex inflow falls 24% to $6.92bn
ByElizabeth Adegbesan Net Foreign exchange (forex) into the economy fell by 24 per cent, month-on-month, MoM to $6.92 billion in February from $9.22 billion recorded the previous month. The Central Bank of Nigeria, CBN disclosed this in its monthly economic report for February 2026. The report showed that the decline in net forex was driven by […]
Wema Bank secures €50m EIB facility to support SMEs
By Henry Obetta Wema Bank has secured a Euro 50 million (N78.5 billion) financing facility from the European Investment Bank’s development arm, EIB Global, to expand access to credit for small and medium-sized enterprises (SMEs), with a strong focus on women- and youth-owned businesses. The agreement, signed in Lagos, marks the first transaction between EIB […]
