Customs Service AEO Programme Generates ₦1.585trn Revenue
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has announced a major revenue milestone under its Authorised Economic Operator (AEO) Programme, recording ₦1.585 trillion in revenue from certified operators. Customs spokesperson Abdullahi Maiwada who disclosed in a statement on Thursday says the figure represents an increase of ₦362.79 billion (29.68%) for the 51 certified operators […]
Cardoso Tasks Central Banks, DFIs on Driving Africa’s Growth
By Oluwakemi Kindness Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for stronger collaboration among African central banks and development finance institutions to accelerate the continent’s economic growth, industrialisation, and climate resilience. Cardoso delivered the charge at the Egypt 30by30 Programme hosted by the Central Bank of Egypt in partnership with […]
UK Introduces Digital eVisa System, Ends Passport Stickers
By Aremu Toyeebaht The British High Commission has announced a major shift to a fully digital visa system for Nigerians travelling to the United Kingdom, with electronic visas set to replace physical passport stickers from February 25, 2026. Senior Communications Officer at the Commission, Onyinye Madu, disclosed the change in a statement issued Monday in […]
PAC Gives Finance Authorities October 2026 Deadline on Unaudited Accounts
By Oluwakemi Kindness The Accountant-General of the Federation and the Auditor-General of the Federation, have been ordered to submit all outstanding consolidated financial statements and audited accounts of the Federal Government for the 2023, 2024 and 2025 fiscal years by October 2026. The House of Representative’s Public Accounts Committee (PAC) which issued the firm directive […]
CBN Hails AU Approval of Nigeria’s AMI Board Membership
By Oluwakemi Kindness Governor of the Central Bank of Nigeria, Olayemi Cardoso, has welcomed the African Union’s decision granting Nigeria permanent membership of the Board of the African Monetary Institute (AMI), describing it as a milestone for Africa’s financial integration. The approval was reached at the 39th Ordinary Session of the Assembly of the African […]
Nigeria’s Inflation Eases to 15.10% in January 2026 – NBS
By Oluwakemi Kindness The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate declined marginally to 15.10 per cent in January 2026, down from 15.15 per cent in December 2025. The slight drop according to the NBS on Monday came despite earlier projections by analysts that inflation could rise to 19 per cent in […]
Customs Launches One-Stop-Shop to Boost Trade Efficiency
By Oluwakemi Kindness The Nigeria Customs Service has rolled out a One-Stop-Shop (OSS) clearance framework as part of broader business environment reforms aimed at boosting trade efficiency and investor confidence. The initiative is designed to address long-standing delays at Nigeria’s ports and border stations caused by overlapping checks, fragmented procedures, and weak coordination among clearance […]
Funding Shortfalls Limit Audit of Nigeria’s Foreign Missions to Five
By Oluwakemi Kindness Nigeria’s Auditor-General says funding shortfalls limited the audit of foreign missions to just five in 2025, raising concerns over oversight of public spending abroad. Auditor-General, Shaakaa Chira, stated this during the 2026 budget defence of the Office of the Auditor-General for the Federation (OAuGF) before the House of Representatives Public Accounts Committee […]
CBN Okays Weekly FX Sale of $150k to Each BDC
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM). This is part of efforts to improve foreign exchange liquidity in the retail segment of the market and meet the legitimate needs of end users. A statement on […]
SEC Urges Civil Servants to Invest in Capital Market
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has urged Nigerian civil servants to take advantage of opportunities in the capital market to build wealth, strengthen their financial security and contribute more actively to national economic growth. During a strategic meeting with the Head of the Civil Service of the Federation, Dame Didi Walson-Jack, […]