Customs Recover N426m Unremitted Revenue From Importers       The Nigeria Customs Service (NCS) has recovered N426 million revenue that was not remitted by some importers at the Lagos Port Complex. The Coordinator of the Strike Force of the Comptroller General, Deputy Comptroller, Ahmadu Shuaibu, who stated this...

NIMASA Boss To EFCC: Probe N1.5trn Allegation Against Me         The Director-General of the Nigerian Maritime Administration and Safety Agency, Mr Bashir Jamoh, has asked the Economic and Financial Crimes Commission to investigate an allegation of N1.5tn fraud levelled against him by one Jackson Ude. Ude had...

Currency In Circulation Drops By N10bn       Currency in circulation dropped by N10bn from N2.81tn as of the end of March to N2.8tn as of the end of April, latest statistics from the Central Bank of Nigeria showed on Monday. According to figures from the CBN, the...

Reps Allege Sabotage, Grill Officials Over $120m Abandoned Ports’ Scanners         The House of Representatives’ Committee on Customs and Excise, on Monday, grilled top officials of the Federal Government over the abandonment of 22 cargo scanners that cost taxpayers $120m at the seaports, airports and land...

In Three Months, 12 Nigerian Banks Lend Customers N690bn       The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this year, data collated from their unaudited financial statements show. The loans and advances to their customers grew...

Credit To Private Sector Rises To N31.822trn       Banking sector credit to the private sector increased year-on-year by N382 billion to N31.823 trillion as of April, up from the N31.440 trillion it was as at the end of March. The data were compiled from the latest Central...