Customs Records N4.5bn Seizures In One Month   The Federal Operations Unit Zone A of Nigeria Customs Service in charge of Lagos has said it recorded N4.5 billion seizures of contraband in January 2022. Speaking to journalists in Lagos, Acting Comptroller, Deputy Comptroller Hussein Kehinde Ejibunu, said...

EndSARS: Insurers Pay N11bn Claims To Cover Losses The Nigerian Insurers Association has said insurance companies have paid N11bn claims on losses suffered during the 2020 #EndSARS protest. The Chairman, NIA, Mr Ganiyu Musa, disclosed this at a press briefing in Lagos. “As at January, insurers have...

IMF Attributes Nigeria’s Economic Recovery To Govt Policy   International Monetary Fund said that the Nigerian economy was recovering from a historic downturn benefitting from government policy support, rising oil prices and international financial assistance. IMF disclosed this in a statement issued from its headquarters in Washington...

Reps Probe N1.2trn Unclaimed Funds In Banks   The House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks and Infractions by the Central Bank of Nigeria has begun investigation of funds stuck in commercial banks due to the alleged failure to...

Remove Official Exchange Rate, Fuel Subsidy, IMF Urges FG   Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the Nigerian government to stop subsidising fuel. The Washington-based lender also asked the Federal Government to remove the...

Nigeria, Others Need $484bn For Economic Recovery – AfDB President   The President, African Development Bank, Dr Akinwumi Adesina, says Africa needs $484bn over the next three years to tackle the socioeconomic impact of the COVID-19 pandemic and boost economic recovery. Adesina said this on Saturday at...