The Nigeria Customs Service (NCS) has introduced a new Standard Operating Procedure (SOP) to regulate courier companies operating under the Delivered Duty Paid (DDP) regime. The framework standardises processes for registration, manifest submission, declaration, valuation, clearance, delivery, and compliance monitoring in line with global best practices. According to NCS spokesperson Abdullahi Maiwada, the SOP is

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Savannah Energy Plc has appointed Kehinde Ogunwumiju, 43, as a Non-Executive Director, effective immediately. Ogunwumiju holds no shareholding in the company. Commenting on the appointment, Savannah’s Non-Executive Chair, Joseph Pagop Noupoué, said: “I am delighted to welcome Kehinde to the Board. He is an internationally respected legal professional with a proven track record in supporting

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The NASD Securities Exchange saw its total market capitalisation soar by 106 per cent to N2.12 trillion in 2025, driven by substantial new listings and increased liquidity on the over-the-counter platform. This marks a significant jump from N1.029 trillion in 2024. The NASD Pension Index (NPI) also surged 215 per cent, closing the year at

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FirstHoldCo Plc has named new board members across its non-commercial banking subsidiaries, following approvals from the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM). The appointments aim to deepen governance, enhance oversight, and position the Group for sustainable growth. At First Asset Management Limited, Ebikabo Williams was appointed Chairman, supported by board

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The Alternative Bank (AltBank) has unveiled an ambitious agenda for 2026, aiming to leverage non-interest banking (NIB) as a key driver of financial inclusion and sector-focused development across Nigeria. In an interview with Islamic Finance Viewpoint, Korede Demola-Adeniyi, Executive Director, South, highlighted that the NIB sector remains largely underdeveloped, accounting for just 1.7% of Nigeria’s

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The Eko Electricity Distribution Company (EKEDC) has announced a reduction in electricity supply across seven feeders within its franchise, resulting in some customers being downgraded from Band A to Band E under the Service-Based Tariff (SBT) system, with supply cut to as low as four hours daily. EKEDC confirmed the changes via its verified X

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Bi-Courtney Aviation Services Limited (BASL), operators of Murtala Muhammed Airport Terminal Two (MMA2), has launched a structured slot system aimed at balancing demand and capacity across the terminal. The initiative is expected to improve aircraft movement coordination, reduce congestion during peak periods, enhance on-time performance for airlines, and enable more efficient planning for ground handling

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CardinalStone Securities has made history on the Nigerian Exchange (NGX) by recording over N2 trillion in transaction value in 2025, becoming the first stockbroking firm in Nigeria to hit this milestone, according to the NGX’s latest broker performance report. Earlier in the same year, the firm had surpassed the N1 trillion mark, cementing its position

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Terrahaptix, a Nigerian defence drone startup, has raised $11.7 million in a funding round led by Joe Lonsdale, founder of Palantir Technologies and 8VC. The startup, co-founded in 2024 by Nathan Nwachukwu (22) and Maxwell Maduka (24), builds drones, sentry towers, and unmanned ground vehicles to enhance security across Africa. Other investors include Valor Equity

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Nigeria and the United Arab Emirates (UAE) are set to sign a Comprehensive Economic Partnership Agreement (CEPA) during a bilateral meeting between President Bola Ahmed Tinubu and UAE President Mohammed bin Zayed Al Nahyan. The meeting is scheduled to take place on the sidelines of Abu Dhabi Sustainability Week. The Minister of Foreign Affairs, Yusuf

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