I read with keen interest The Nation editorial of June 9, 2026, titled "Non-Performing Loans: Return of the Old Delinquency?" The editorial rightly raises concerns about the growing volume of non-performing loans (NPLs) within Nigeria's banking sector and the potential implications for financial stability. It is an important warning that deserves serious attention from regulators, financial institutions, businesses, and policymakers alike.
The ancient city of Asaba came alive on May 30, 2026, as traditional rulers, business leaders, politicians, professionals, and distinguished sons and daughters of the kingdom gathered to celebrate one of their own, Dr. John Nwabueze, the pioneer Tax Ombud/Chief Executive of the Office of the Tax Ombud.
That experience brought home a troubling reality: kidnapping in Nigeria is no longer merely a security challenge. It has become a thriving criminal industry, one that extracts enormous wealth from households, cripples economic productivity, devastates communities and leaves deep psychological scars on its victims.
Recently, the Federal Government introduced new limits on reimbursable imprest for public officials as part of efforts to strengthen financial discipline across Ministries, Departments, and Agencies (MDAs).
The Nigeria Customs Service (NCS) has once again placed itself at the centre of a critical economic struggle. This time, the focus is not on crude oil or illicit drugs, but on a less talked-about yet highly strategic commodity—vegetable oil.
