Nigeria is set to receive 164,000 metric tonnes of petroleum products as eight vessels berth at ports in Lagos, Delta, and Cross River States, according to the Daily Shipping Position.
The Central Bank of Nigeria (CBN) has signalled tougher oversight of lenders following the completion of the N4.65tn banking recapitalisation exercise, aimed at strengthening governance, risk controls, and board accountability.
The United States spent $578.78m on Nigerian crude oil imports in the first quarter of 2026, down from $681.40m in the same period of 2025, according to data from the U.S. Census Bureau and Bureau of Economic Analysis.
'Nigeria Could Reject World Bank Loans Due to Delays'
The Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, has warned that Nigeria may reject loan facilities from the World Bank if delays in approval and disbursement persist, saying prolonged timelines could undermine the country’s willingness to...
FG Begins Power Debt Repayment - Transcorp CEO
The President/Group Chief Executive Officer of Transnational Corporation Plc, Owen Omogiafo, has said the Federal Government has commenced repayment of longstanding debts owed to power generation companies, describing the move as the most significant progress yet in...
Capital Market Inflows Projected at N10.53trn for May
The Financial Markets Dealers Association (FMDA) has projected that Nigeria’s financial system is expected to record N10.53 trillion in inflows in May 2026.
In its April monthly report, the association said the projected inflow represents a 16 percent...
