<< Back             Poser >>	Tariff crisis: Shipping firms move to shut down operations, job loss looms The Nigerian Shippers’ Council approved the increase in shipping charges after a due process spanning over two years, culminating in final authorisation for carriers to implement the adjustment. Accra court convicts 106 foreigners for illegal entry into Ghana An Accra Circuit Court has sentenced 106 persons to prison terms for entering Ghana illegally. Nigeria’s Balance of Payment falls 38% to $4.23bn in 2025 •Crude oil exports decline 14.41% to $31.54bn •Foreign portfolio investments down 48.3% to $8.04 •Current account surplus falls 26% By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 […] Electricity woes worsen as DisCos record N2.4trn in financial losses •Rising debt restricts power generation •Consumers slam DisCos for non-transparency, demand mass metering •Operators knock Presidency over exit from national grid By Obas Esiedesa At the backdrop of worsening power supply to offices and homes, Electricity Distribution Companies (DisCos) have recorded a combined loss of N2.349 trillion over the past two years due to billing and collection […] Nigeria’s financial reforms have strengthened shock resistance, investor confidence — CBN By Babajide Komolafe Governor of the Central/ Bank/ of/ Nigeria (CBN), Mr./ Olayemi/ Cardoso, has said that Nigeria’s recent monetary and financial-sector reforms have built a stronger capacity to withstand external shocks and restored confidence in the economy. Speaking at the Africa/ Capital/ Forum in London on Tuesday on the sidelines of President/ Bola/ Ahmed/ Tinubu’s […] UBA, NiDCOM deepen collaboration to unlock diaspora capital United Bank for Africa (UBA) Plc, has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria. UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, stated this while hosting representatives of the Nigerians in Diaspora Commission (NiDCOM) led by its Chairman/CEO, Hon. Abike Dabiri, at the bank’s UK office earlier in the […]