Nigeria’s headline inflation rate declined slightly to 15.39 per cent in August 2026, down from 15.43 per cent recorded in July, according to the National Bureau of Statistics (NBS). The latest Consumer Price Index (CPI) report released by the bureau on Tuesday showed a 0.04 percentage point drop in...
BUSINESS
Lagos State Governor Babajide Sanwo-Olu on Monday joined President of the Dangote Group, Aliko Dangote, at the Nigerian Exchange Group (NGX) in Lagos for the official opening of the Dangote Petroleum Refinery Initial Public Offering (IPO). The governor described the event as another milestone for Nigeria’s economy and said...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reiterated its commitment to activate multiple pathways aimed at transforming Nigeria into a global gas hub. NNPC Ltd.’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye disclosed this on Monday, while speaking at the 2026 Gas Technology &...
The Nigerian Communications Commission (NCC) has announced that mobile network operators have completed about 70 per cent of their commitment to expand telecommunications infrastructure across Nigeria. The commission disclosed this in a communiqué issued after its 110th Board Meeting held on September 9, 2026, and signed by its Director...
By AVESEH ASOUGH, Abeokuta – In a move aimed at positioning young Nigerians as drivers of Nigeria’s agricultural transformation, Sasakawa Africa Association (SAA), has commenced a specialized training for 100 young graduate Cassava Seed Entrepreneurs (CSEs) in Ogun State. The training, which is in partnership with the Industrial Cassava...
NNPC Retail has commissioned its first technology-powered self-service smart station along Bill Clinton Drive, Airport Road, Abuja, marking a key milestone in the evolution of the Company’s retail operations. Speaking at the commissioning, Executive Vice President, Downstream, NNPC Ltd., Dr. Mumuni Dagazau, described the facility as a reflection of NNPC...
Central Bank of Nigeria (CBN) has warned banks, fintech companies and other financial institutions about growing cybersecurity and third-party technology risks arising from the increasing interconnectivity of the financial system. The Director, Payments System Supervision Department of the CBN and Chairperson of the Nigeria Electronic Fraud Forum, Dr Rakiya...
In furtherance of its mandate to ensure that communications devices imported, sold and used in Nigeria meet applicable technical and regulatory standards, the Nigerian Communications Commission (NCC) is strengthening the monitoring and enforcement of its Type Approval requirements through a technology enabled framework. The initiative is intended to make...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for deliberate efforts to ensure Nigeria derives greater maritime, industrial and developmental value from its growing offshore oil and gas activities. The Commission’s Chief Executive, Mrs. Oritsemeyiwa Eyesan, made the call on Tuesday while delivering a lecture at the Lagos International...
Federal Government has moved a step closer to the development of the proposed Badagry Deep Seaport after signing a Memorandum of Understanding (MoU) that will pave the way for exclusive negotiations on the project. The Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed the development on Wednesday following...
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has said the planned Initial Public Offering (IPO) of the Dangote Petroleum Refinery is designed to allow ordinary Nigerians to become shareholders in the company. Speaking at the IPO signing ceremony in Lagos on Monday, Dangote said the initiative...
Federal Government’s cash-transfer programme has come under fresh scrutiny after the Auditor-General for the Federation raised concerns over the inability of auditors to verify that ₦33.751 billion transferred to more than 3.29 million households in 2023 reached genuine beneficiaries. The finding is contained in the Auditor-General’s 2024 Annual Report...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced engagements with key stakeholders in the oil and gas sector as part of efforts to attract increased investment into Nigeria’s oil and gas industry to boost revenue accruing to the Federation Account. The engagement, led by the Chairman of...
Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, today received an Indonesian delegation led by the Vice Minister of Foreign Affairs of Indonesia, H.E. Mr. Arif Havas Oegroseno, in Abuja. The engagement focused on deepening Nigeria-Indonesia energy relations, with both parties expressing their commitment to build...
Nigerian National Petroleum Company Limited (NNPC Ltd.) has distanced itself from a truck intercepted by the National Drug Law Enforcement Agency (NDLEA) in Ondo State with 2,145 kilograms of cannabis allegedly concealed in a hidden compartment. The company also praised the anti-narcotics agency for what it described as its...
The Federal High Court Abuja has fixed September 21, 2026 for the hearing of a Petition for winding-Up of NICON Insurance Limited. The petition was filed by the Receiver/Liquidator of NICON Insurance limited ( in – liquidation) Chukwuma -Machukwu Ume ,SAN, who is seeking an order of the Court...
The African Women in Leadership Organisation (AWLO), UK Chapter, officially launched over the weekend with a 2-day inaugural programme in London that brought together policymakers, business leaders, and women changemakers from across Africa and the diaspora. —Mayoral Welcome at Islington Town Hall— The programme opened with a Town Hall...
The National Insurance Commission (NAICOM) has cancelled the operating licence NICON Insurance Limited, that is the certificate of Registration of NICON Insurance Co.Ltd RIC – 049 and appointed a Senior Advocate of Nigeria (SAN), Chukwuma -.Machukwu Ume as Receiver/Provisional Liquidator of the company. The cancellation of the insurance company...
The Securities and Exchange Commission (SEC) has approved the proposed initial public offering (IPO) of Dangote Refinery, clearing the way for what could become Africa’s largest-ever share sale. Dangote Group disclosed on Friday August 4 that the regulator had approved the offer, which is expected to raise about N2.15...
Bureau of Public Procurement (BPP) has launched a comprehensive reform programme to modernise Nigeria’s public procurement system through digitalisation, improved compliance and professionalisation. The Director-General of the BPP, Dr Adebowale Adedokun, disclosed this on Thursday September 3 at the 2026 BAVCCA/BPP Procurement Performance Conference in Abuja. Adedokun, who was...