Nigeria News (Standard)
Customs Intercepts ₦403.5m Worth of Smuggled Foreign Vegetable Oil in Enugu, Anambra and Delta States
Federal Operations Unit Zone C seizes over 3,300 jerrycans and 40 cartons following intelligence-led operations in Southeast
Federal Operations Unit Zone C seizes over 3,300 jerrycans and 40 cartons following intelligence-led operations in Southeast
The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone C, Owerri, has seized two trucks loaded with more than 3,310 jerrycans and 40 cartons of foreign vegetable oil valued at ₦403.5 million across Enugu, Anambra and Delta States. The interceptions took place on May 9 and June 7, according to a statement from the Comptroller of the Unit, Bishir Balogun.
Balogun disclosed that the first consignment was intercepted along the Ninth Mile area in Enugu on May 9 after credible intelligence was received by customs operatives. The second truck was apprehended along the Onitsha-Agbor highway in Delta State on June 7 during a routine patrol. Items seized include 3,310 jerrycans of 25-litre “Super Delicious” vegetable oil, ten jerrycans of ten-litre “Super Delicious” oil, twenty cartons of five-litre sunflower vegetable oil and twenty cartons of three-litre sunflower vegetable oil.
The operation highlights ongoing efforts by customs to curb the smuggling of foreign goods into the Nigerian market, a practice officials say undermines local producers and deprives government of much-needed revenue. Vegetable oil is among products restricted from importation as part of government’s policy to encourage local industry under the current administration.
Comptroller Balogun attributed the successful seizure to coordinated intelligence gathering and swift response by his officers in collaboration with other security agencies. “This operation is a clear demonstration of our resolve to fight smuggling and protect Nigeria’s economy,” he said in a written statement released on Monday. There was no immediate reaction from opposition parties or industry stakeholders as at press time.
The customs unit indicated that investigations are ongoing to identify those responsible for the attempted smuggling, while all seized items remain in government custody pending further action. The service reiterated its commitment to intensifying surveillance across border routes in Southeast and South-South zones.
Nigeria News (Standard)
ADC Names Amaechi as Atiku’s Running Mate Ahead of 2027 Polls
Opposition party moves to strengthen ticket, signals realignment in Nigeria’s pre-election landscape
Opposition party moves to strengthen ticket, signals realignment in Nigeria’s pre-election landscape
The African Democratic Congress (ADC) has named former Minister Rotimi Amaechi as the running mate to ex-Vice President Atiku Abubakar for the 2027 presidential election. The announcement, made on Monday, marks a significant step in the party’s efforts to position itself strongly ahead of the next general polls.
The decision was reached following consultations among ADC leaders and key stakeholders across different geopolitical zones. Party officials said the choice of Amaechi, a prominent political figure and former Governor of Rivers State, was aimed at boosting the ADC’s national appeal and balancing its ticket for maximum electoral impact.
This development comes at a time when Nigeria’s political environment is witnessing increased realignments among parties and influential politicians. With the All Progressives Congress (APC) and Peoples Democratic Party (PDP) expected to remain dominant, ADC’s move signals its intention to challenge the two major parties by fielding familiar national figures on its platform.
According to ADC chieftains who spoke after a meeting in Abuja, the selection of Amaechi is part of the party’s broader strategy to attract support from both southern and northern regions. They described the pairing as “a formidable team capable of delivering good governance,” adding that consultations would continue with other groups ahead of formal campaign activities.
As at press time, Atiku Abubakar has not issued a formal statement on his nomination as presidential candidate under ADC, nor has Rotimi Amaechi commented publicly on his reported selection as running mate. Political observers say more announcements are expected as alliances take shape in preparation for the 2027 elections.
Nigeria News (Standard)
Visa Nigeria Marks Africa Day With Cultural Celebration and Pledge to Digital Growth in Lagos
Company’s Lagos team highlights local traditions as Vice President Andrew Uaboi reaffirms long-term investment in West Africa’s fintech sector
Company’s Lagos team highlights local traditions as Vice President Andrew Uaboi reaffirms long-term investment in West Africa’s fintech sector
Visa Nigeria commemorated Africa Day 2026 with a vibrant gathering at its Lagos office, celebrating the continent’s diverse heritage and reinforcing the company’s commitment to digital transformation across West Africa. The event, held on Saturday, brought together Visa staff from different parts of Nigeria and the sub-region to share customs, naming ceremonies, and wedding traditions that define African identity.
The day’s activities centred on cultural presentations by employees, who showcased the unique practices that have shaped communities across generations. According to Visa, this approach aimed to strengthen workplace unity and recognise the central role of people in driving innovation for the continent’s fast-evolving digital economy.
Visa has steadily deepened its operations in Nigeria and across West Africa, partnering with banks, fintech firms, merchants, and government agencies to improve financial inclusion. As at June 2026, digital transactions continue to grow in volume across Lagos and other major cities. Speaking at the event, Andrew Uaboi, Vice President and Cluster Head for Visa West Africa, emphasised that Africa is not just a business territory for the company but an integral part of its identity. “Africa Day is a reminder of why the work we do here matters, and of the responsibility we carry to build systems that create real opportunity for people across the continent,” Uaboi stated.
He further noted that Visa’s expansion aligns with increased cross-border trade and mobile payment adoption from Lagos to Accra. “The energy and innovation we see across Africa every day—in our partners, employees, entrepreneurs and businesses—drives us forward,” Uaboi said during his address. He added that Visa remains committed to supporting local growth by investing in technology that enables secure transactions and connects African markets globally.
The celebration also reflected broader economic trends as Nigeria continues efforts to boost financial inclusion rates above 64 percent (NBS data). Stakeholders in the country’s fintech sector say initiatives like Visa’s will help reduce cash reliance while improving access to services for millions of unbanked Nigerians. As Africa’s digital landscape evolves rapidly, Visa confirmed it would maintain a long-term presence in West Africa through sustained partnerships and community engagement.
Nigeria News (Standard)
Lagos: RetailWings Africa, Corner Block Sign Deal to Boost Working Capital for SMEs
Agreement enables retailers using RetailWings ERP platform to access credit without traditional collateral, targeting sector-wide growth
Agreement enables retailers using RetailWings ERP platform to access credit without traditional collateral, targeting sector-wide growth
RetailWings Africa has entered into a strategic partnership with Corner Block Services Limited to expand access to working capital for small and medium-sized retailers across Nigeria. The agreement was formally signed at the RetailWings Africa head office in Lagos on 15 June 2026 by Managing Partner Akinola Akintilebo and Corner Block’s Head of Sales and Business Development, Matthew Enemona Ameh.
Under the new arrangement, eligible merchants operating on the RetailWings ERP platform can now apply for working capital financing through Corner Block Services Limited. Unlike conventional bank loans that require physical collateral, this initiative will use business performance data from the RetailWings system as a basis for credit assessment.
The companies said that limited access to credit remains a major constraint for many Nigerian retailers, especially small businesses that struggle to meet strict collateral demands from traditional lenders. According to both firms, this lack of financing continues to hinder inventory expansion, operational growth, and long-term sustainability within the retail sector.
“This partnership is designed to address one of the most pressing challenges facing African retailers — access to affordable working capital,” Akintilebo said during the signing ceremony. Ameh added that by leveraging digital business records, more SMEs would be able to scale up operations and improve their resilience in a competitive market.
Industry observers note that technology-driven solutions are increasingly being adopted to bridge financing gaps for local entrepreneurs. With this collaboration, stakeholders expect improved business stability and increased job creation in Nigeria’s retail sector over the coming year.
ADC Names Amaechi as Atiku’s Running Mate Ahead of 2027 Polls
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Lagos: RetailWings Africa, Corner Block Sign Deal to Boost Working Capital for SMEs
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