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By Matthew Johnson After more than two years of closure, aggrieved depositors of the defunct Heritage Bank have called on the Federal Government (FG), the Central Bank of Nigeria (CBN), and the Nigeria Deposit Insurance Corporation (NDIC), to enforce immediate payment of their legitimate funds trapped in the failed bank, saying prolonged delays have subjected […]
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By Udeme Akpan, Energy Editor The Dangote Petroleum Refinery has been identified as the key driver behind a seven-fold increase in Nigeria’s seaborne petroleum product exports since 2023, according to the latest report by the United States Energy Information Administration (EIA). The U.S. agency disclosed that Nigeria’s seaborne petroleum product shipments averaged 561,000 barrels per […]
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As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
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By Efe Onodjae Chinese imports from Nigeria surged by 81 per cent year-on-year, YoY to $2.25 billion in the first half of 2026, following China’s implementation of a zero-tariff policy on products from 53 African countries, including Nigeria. The Consul General of China in Lagos, Yan Yuqing, disclosed this at the 2026 Nigeria International New […]
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•POS transactions fall 20%, value drops to N59.3trn •ATM transaction value jumps 64.6% to N26.3trn By Babajide Komolafe Electronic payment transactions, via six channels, recorded a 2.85 per cent, year-on-year, YoY increase in value to N1.053 quadrillion in the first quarter of 2026, Q1’26 from N1.024 quadrillion in the same period of 2025, Q1’25. This […]
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