temitope adebayo, Author at DAILY TIMES Nigeria

Smuggled Cars, Soaring Costs Push Auto Sector to the Brink

temitope adebayo 20 September 2025 0

Nigeria’s automobile industry is reeling under the twin pressures of surging vehicle importation and unrelenting inflation, with stakeholders warning that the country’s dream of building a sustainable automotive hub is on the verge of collapse. Despite more than a decade of government policies

Transport

How Crippling Policy Gaps Threaten Nigeria’s Auto Industry Future

temitope adebayo 20 September 2025 0

Nigeria’s automotive industry was once envisioned as a symbol of industrial pride, a sector that could create jobs, conserve scarce foreign exchange, and boost national competitiveness. That vision was given structure through the National Automotive Industry Development Plan (NAIDP), first rolled out in 2013/2014 and renewed in 2023 with fresh promises for the next decade.

Money

FCMB, Truecaller Partner to Boost Customer Trust, Digital Security

temitope adebayo 17 September 2025 0

First City Monument Bank (FCMB) has entered into a strategic partnership with Truecaller, the global trusted communication platform, to strengthen customer engagement and safeguard transactions against rising fraud and impersonation in Nigeria’s financial sector. Under the arrangement, FCMB will deploy Truecaller’s Customer Experience Solution and Branded Caller ID,

Business

Naira Appreciates to N1484 as Reserves Rise to $41.8bn

temitope adebayo 17 September 2025 0

The naira appreciated to N1484 per dollar on Tuesday at the Nigerian Foreign Exchange Market (NFEM) after breaking a key psychological barrier earlier in the week. During intraday trading, the local currency touched N1479 before closing slightly weaker at N1485, according to data released by the Central Bank of Nigeria (CBN). The sustained rebound at […]

Money

ICSAN Conference Pushes AI Integration in Governance

temitope adebayo 17 September 2025 0

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has urged stakeholders to embrace artificial intelligence (AI) as a tool for excellence and innovation in governance rather than viewing it as a threat to jobs. Speaking at a pre-conference briefing ahead of ICSAN’s 49th Annual Conference, Vice President Francis Olawale said AI should be […]

Money

Investors Lose N71bn as NGX Slides on Bank Selloffs

temitope adebayo 17 September 2025 0

The Nigerian Exchange (NGX) closed lower on Tuesday as profit-taking in tier-one banks erased N71 billion from investors’ wealth. The benchmark All-Share Index (ASI) fell by 0.08 per cent to 141,546.80 points, while the market capitalisation dropped to N89.56 trillion at the close of trading. The selloffs in Zenith Bank, UBA, Fidelity Bank, and INTBREW […]

International Maritime Organisation (IMO)

Money

Nigeria Rallies Global Backing for IMO Council Seat

temitope adebayo 16 September 2025 0

Nigeria has intensified its diplomatic push for election into the International Maritime Organisation (IMO) Council Category C, urging member states to support its bid and reaffirming its role as a strategic maritime hub for Central and West Africa. Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, appealed in New York during the 80th Session […]

Money

NGX Lifts Suspension on Regency Alliance Insurance Shares

temitope adebayo 16 September 2025 0

The Nigerian Exchange Limited (NGX) has lifted the suspension on trading shares of Regency Alliance Insurance Plc, following the submission of its audited financial statements for the year ended December 31, 2024 and outstanding unaudited financial statements for 2025. The suspension was initially imposed due to the company’s failure to file its audited financial

Money

Customs Moves to Clear 905 Abandoned Vehicles, Cargoes to Ease Lagos Port Congestion

temitope adebayo 16 September 2025 0

The Nigeria Customs Service (NCS) has commenced the automation of its overtime cargo clearance system in Lagos, a measure expected to fast-track the evacuation of more than 905 abandoned vehicles and hundreds of stalled containers that have clogged key seaports for years. The initiative, unveiled on Monday in Zone A Commands, will cover 434 pieces […]

Money

Investors Pocket N704bn as NGX Opens Week Strong

temitope adebayo 16 September 2025 0

Equity investors gained N704 billion on Monday as the Nigerian Exchange (NGX) staged a strong rebound, lifted by renewed bargain-hunting in BUA Foods, GTCO, and Unilever Nigeria. The rally pushed the All-Share Index (ASI) up 0.82 per cent, or 1,155.32 points, to close at 141,701.01 basis points. Market capitalisation rose to N89.63 trillion, reversing losses […]

Business

Udoh Appointed Juror for 2025 International ECHO Awards

temitope adebayo 15 September 2025 0

The Divisional Director of Marketing at Marketing Edge magazine, Anietie Udoh, has added another global feather to his cap with his appointment as a Juror for the International ECHO Awards 2025. In a formal message sent by Agustina Pasos, on behalf of the ECHO Awards committee, she welcomed Udoh to the jury panel, saying: “We’re […]

Aviation

MMIA, Lagos Industrial Commands Get New Customs Controllers

temitope adebayo 15 September 2025 0

*Nwokorie, Salawu Vow Transparency, Performance, Stakeholder Engagement The Nigeria Customs Service (NCS) has effected leadership changes at two key formations, with Comptroller Chidi Nwokorie assuming duty as the new Customs Area Controller (CAC) of the Murtala Muhammed International Airport (MMIA) Command, and Comptroller Adebola Salawu taking over at the Lagos

Transport

Ministers, Stakeholders Set For 2025 TCAN Transport Summit

temitope adebayo 12 September 2025 0

Ministers of Transport and Marine and Blue Economy are expected to participate in the 2025 Transportation Correspondents Association of Nigeria (TCAN) Summit scheduled for Wednesday, 24 September 2025. The summit is an annual event that provides a platform for stakeholders’ interaction on pertinent issues affecting the nation’s transportation sector. This would be the

Transport

Why FG Must Enforce National Transport Policy to Unlock Growth

temitope adebayo 12 September 2025 0

For millions of Nigerians who spend hours stranded in gridlocked traffic, pay rising fares, or watch perishable goods rot on overloaded roads, a signed and enforced National Transport Policy is not an abstract reform; it is the blueprint for cheaper commutes, safer roads and a more productive economy. After years of delay, the Federal Executive […]

Maritime

Licensed Customs Agents Kick Against NCS Proposal to Raise License Fees

temitope adebayo 11 September 2025 0

The Licensed Customs Agents have expressed concerns over the Nigeria Customs Service’s (NCS) proposal to increase the Customs Agents License fees. They described the current N200,000 annual renewal levy as an “overburdened” and “outrageous” charge that “contravenes international best practice” and “threatens to collapse their profession”. The agents, therefore, called on

Maritime

NPA Commences Electronic Call-Up at Apapa Port

temitope adebayo 11 September 2025 0

After resolving all disputes tied to its implementation, the Nigeria Ports Authority (NPA) has finally commenced the operation of the keenly contested Electronic Call-Up system at Apapa Port. According to the Port Manager for Apapa Port Complex, Mr Debo Lawal, in an interview with the News Agency of Nigeria (NAN) in Lagos recently, the implementation […]

Business Maritime

Nigeria loses $23bn annually to untapped blue economy, smuggling, weak policies – SEREC

temitope adebayo 11 September 2025 0

Nigeria loses about $23 billion every year to untapped blue economy potential, weak policy implementation, widespread smuggling, and poor enforcement of maritime laws, according to the Sea Empowerment and Research Centre (SEREC). In its policy brief titled “Blue Economy, Broken Promises: Where Are Nigeria’s Maritime Billions?”, SEREC revealed that despite projections by

Money

August Sell-Offs Trigger September Caution, Banks Seen as Market Lifeline

temitope adebayo 10 September 2025 0

Investor sentiment on the Nigerian Exchange (NGX) is expected to remain cautious in September 2025, following sustained sell-offs that began in August, analysts at CardinalStone have said. In their latest equity research note titled “Broad-based Gains in Global Equities; NGX ASI Stalls,” the analysts observed that profit-taking in stocks that rallied through early August

Business

Ecobank Shares Slide Despite Analyst Optimism, Debt Overhang Persists

temitope adebayo 6 September 2025 0

Ecobank Transnational Incorporated’s stock slipped to N36.00 at the close of last week’s trading on the Nigerian Exchange, dragging its market capitalisation down to N660.58 billion, even as investment firms maintained bullish calls on the Pan-African lender. The decline comes despite a 30.54 per cent year-to-date gain, with the stock struggling to break past its […]

Business

Weak Insolvency Laws Threaten Businesses as BRIPAN, Polaris Bank Push Reform

temitope adebayo 6 September 2025 0

Nigeria’s fragile business environment continues to suffer from weak insolvency frameworks, leaving companies, especially small and medium-sized enterprises (SMEs), vulnerable to collapse, unpaid wages, and worsening economic instability. The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has now partnered with Polaris Bank in a bid to

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