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Customs records N908m rice smuggling seizures in Q1

…Rice smuggling can’t end overnight—SEREC By Efe Onodjae The Nigeria Customs Service, NCS, recorded a total seizure of 15,212 bags of smuggled rice valued at over N907.78 million in the first quarter of 2026. Statistics obtained by Vanguard from the Enforcement Investigation and Inspection Department, Enforcement Return and Statistics Unit, of the Customs   showed that the Service […]

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Upper Iweka under bridge: How Police sacked criminals, mounted extortion checkpoints, by motorists, commuters

In Onitsha, the Upper Iweka flyover bridge on the busy Onitsha-Awka express road used to be a notorious spot in the commercial capital of Anambra State. It was dreaded for the criminal activities that happened there, including violent armed robbery.

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Banks, insurers, others record 8.5% growth in GDP to N1.93trn

By Babajide Komolafe Financial institutions including banks and insurance firms recorded a 8.5 per cent growth in real Gross Domestic Product, GDP to N1.9 trillion in the first quarter of 2026, Q1’26 from N1.78 trillion in Q1’25. The National Bureau of Statistics, NBS disclosed this in its GDP report for Q1’26. The report showed that the   financial […]

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Maritime lawyers seeks stronger legal framework for NSW 

By Godwin Oritse The Nigerian Maritime Law Association, NMLA, has called for a robust legal and regulatory framework to ensure the successful implementation of the National Single Window, NSW, project in Nigeria. According to the association, the National Single Window initiative of the Federal Government is designed to improve operational efficiency through faster cargo clearance processes, […]

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NDIC reiterates commitment to strong deposit insurance funding 

By Babajide Komolafe The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to continuously strengthening its Deposit Insurance Funds (DIFs) as part of efforts to promote the stability and resilience of the nation’s financial system. The Managing Director/Chief Executive of the Corporation, Mr. Thompson Oludare Sunday, stated this during a courtesy visit to the Director-General […]

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Credit to government surges 65.6% to N39.6trn

•As currency outside banks drops 12% to N5.08tr By Babajide Komolafe & Elizabeth Adegbesan Credit to the government rose by 65.6 per cent year-on-year, YoY, to N39.6 trillion in April 2026 from N23.9 trillion in April 2025, driven by increased borrowing to finance the 2026 budget deficit. The Central Bank of Nigeria, CBN, disclosed this in its […]

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Nigeria, Türkiye move to strengthen mining operations with MoU signing

By Gabriel Ewepu Nigeria, Türkiye Deepen Mining Cooperation Through New MoU” The Federal Republic of Nigeria and the Republic of Türkiye have signed a Memorandum of Understanding (MoU) aimed at strengthening mining operations, deepening technical collaboration, and expanding investment flows between both countries in the solid minerals and energy sectors. “The MoU signed by the Nigerian […]

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