Customs Impounds Indian Hemp, Rice, Others Worth Over N1bn   The Federal Operations Unit, FOU Zone A of the Nigeria Customs Service (NCS) said it has impounded 15 trailers of imported foreign rice, Indian Hemp, used clothes, and other contraband items...

Senate Postpones Hearing On Cash Withdrawal Limits   The Senate on Tuesday postponed the hearing of the report on the Cash withdrawal policy by the committee on Banking and Financial Institutions. The Red chamber had last week commissioned the committee to grill...

Nigeria’s Import From Russia Plunges By 92%   Nigeria’s import from Russia has crashed significantly, hitting its lowest this year, as the war in Ukraine persists. The foreign trade report of the National Bureau of Statistics for the third quarter of 2022...

Banks’ Operating Expenses Rise By 19.2% On High Inflation, Regulatory Charges   Following a high inflation rate and regulatory charges, a total of 14 Nigerian banks reported N2.03 trillion total operating expenses in nine months of 2022, representing an increase of...

Stamp Duty: Presidency Knocks Kazaure Over N89trn Claim   Following controversies trailing a claim of a missing N89.09trn allegedly siphoned from stamp duty charges, the Presidency on Tuesday said such claims were false. It also said the entire banking sector deposits in...

"Nigeria Needs Efficient Fiscal Spending To Curb Inflation"   The federal government has been urged to make public expenditure more efficient as well as address the challenges of supply to curb inflation. Speaking at the 13th Annual Bankers’ Committee Retreat, the Managing...