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 […]
Nigeria loses N2.5trn to maritime logistics inefficiencies—TT
By Godwin Oritse Truck Transit Parks (TTP), promoters of the Electronic Call-up System (ETO), have revealed that Nigeria has lost over N2.5 trillion to inefficiencies in maritime transport logistics. The firm stated that investment in transport infrastructure and technology remains critical to unlocking the full trade potential of Nigeria’s ports, highways, and the wider regional […]
Femi Otedola increases stake in First HoldCo by N2.01 bn
By Peter Egwuatu Femi Otedola, a significant shareholder and chairman of First HoldCo Plc, has increased his stake in the company with the acquisition of additional 64,878,668 million shares valued at N2,011,238,708. FBN Holdings disclosed the acquisition in two separate documents as required by the post listing requirement of the Nigerian Exchange Limited (NGX). According to […]
PenCom guides PFAs on securities lending, repurchase transactions
By Yinka Kolawole, with agency report The National Pension Commission (PenCom) has introduced a framework to guide pension fund administrators (PFAs) on engagement in securities lending and repurchase transactions (repos). Securities lending is a transaction where securities are temporarily transferred from a lender to a borrower, typically in exchange for a fee or collateral, while Repos are the […]
DMO offers N200bn FGN bonds for subscription
By Elizabeth Adegbesan The Federal Government of Nigeria (FGN) through the Debt Management Office (DMO) has offered a 5-year and 7-year bond valued at N100 billion each for subscription at N1,000 per unit. DMO announced the offer on its Twitter handle yesterday, noting that the subscription unit is subject to a minimum subscription of N50,001,000 and […]
Nigeria attracts $19.92bn investment signals in Q2’25
Up 278% from $5.27bn in Q1’25 By Yinka Kolawole Nigeria has attracted $19.92 billion worth of investment signals in the second quarter of 2025 (Q2’25), indicating a sharp increase of 277.9 percent compared to $5.27 billion recorded in the previous quarter (Q1’25), which brings the total value of investment signals to $25.19 billion in the first half […]
