Despite Piracy Decline, Importers Pay $1.5bn War Risk Premium   Despite the reduction in piracy attacks in the Gulf of Guinea, importers paid $1.5bn as war risk insurance premiums on Nigeria-bound cargoes in the last three years. This came as operators, including...

FRC Act Continues to Govern Financial Reporting, Says Reps   The House of Representatives has stated that the Financial Reporting Council Act, 2023 remains operational until amended by the National Assembly. The spokesman of the House, Akin Rotimi, made the declaration in...

Currency in Circulation Declines to N5.03trn - CBN   Currency in circulation dropped for the first time in one year, according to the updated money and credit data from the Central Bank of Nigeria (CBN). The currency in circulation, representing the banknotes...

Equity Market Suffers N31bn Loss as Investors Sell Off   The Nigerian Exchange Limited (NGX) extended its losing streak on Thursday, as investors recorded a N31bn decline in market capitalisation. At the close of trading, the All-Share Index dipped by 0.05 per...

N1.7bn Worth of Vehicles, Others Intercepted by Customs   The Nigeria Customs Service, Federal Operations Unit Zone A, Ikeja, said it recorded 82 interceptions, including used vehicles popularly known as Tokunbo and other contrabands worth N1.7bn within the last four weeks. The...

Maritime Exports Outpace Imports by 39% in 2024 - NBS   Goods exported via maritime transport exceeded imports in the same category by 39.76 per cent in 2024, a sharp deviation from other modes of foreign trade transport. This highlights the...