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Saturday, April 4, 2026

Economy

April 4, 2026

Nigeria emerges largest global market for USDT, USDC

 At least 59 per cent of Nigerian cryptocurrency users hold USDT, while 48 per cent own USDC, according to the 2026 Stablecoin Utility Report by BVNK. 

Tether (USDT) and USD Coin (USDC)
April 4, 2026

Finance minister lauds NUPRC for raising daily oil production to 1.84 million bpd

Ms Eyesan attributed February’s production dip to incidents at key facilities and scheduled turnaround maintenance.

Nigerian Upstream Petroleum Regulatory Commission [NUPRC]
April 4, 2026

Customs seizes 1,202 kegs of smuggled vegetable oil in Ogun

The Nigeria Customs Service, Ogun I area command, has seized 1,202 kegs of smuggled vegetable oil with a duty paid value of N120.2 million.

April 4, 2026

Forty-three ships of imported fresh fish, sugar soybeans arrive Lagos ports

The imported goods included bulk gypsum, soybeans, aviation fuel, diesel, fuel oil, petrol, gasoline, general cargoes and bulk sugar.

Ships at Lagos port used to illustrate the story.
April 4, 2026

Oyetola seeks regional co-operation, investment in fisheries

Blue economy minister Adegboyega Oyetola has called for stronger regional cooperation and increased investment in the fisheries sector across West and Central Africa.

April 4, 2026

Gov Sanwo-Olu reaffirms commitment to inclusive, competitive economy

Governor Babajide Sanwo-Olu has reffirmed his administration’s commitment to building a robust, inclusive and globally-competitive economy.

April 4, 2026

CBN’s Bank Stress Test: Financial institutions advised to start portfolio review

The CBN directed banks to conduct stress tests to identify vulnerabilities. The directive followed the conclusion of the banking sector recapitalisation.

Nigerian banks
April 4, 2026

Beware of fake Cerelac products on sale in Lagos, NAFDAC warns Nigerians

NAFDAC has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

Cerelac products
April 4, 2026

Pension council says funds to enhance economic growth

The National Pension Commission’s director-general and chairman of the council, Omolola Oloworaran, said this in Lagos during a recent news conference after the council’s meeting.

April 4, 2026

Rabiu, Elumelu deepen partnership as BUA Foods posts about N2 trillion revenue

Abdul-Samad Rabiu has reaffirmed BUA Group’s long-standing partnership with United Bank for Africa to drive industrial expansion and economic growth.

Abdul-Samad Rabiu and Tony Elumelu