Air Peace has attributed the cancellation of its Abuja-Maiduguri flight on Saturday September 26 to a shortage of aviation fuel at the Nnamdi Azikiwe International Airport, Abuja, and a subsequent restriction on operations at the Maiduguri airport. The airline said the initial delays to its Abuja operations were caused...
BUSINESS
Nigeria Revenue Service (NRS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received a combined N123.54 billion as revenue collection fees from the Federation Account Allocation Committee (FAAC) in June 2026. The figure was contained in FAAC data released by the National Bureau of Statistics (NBS), covering revenue generated...
The Nigeria Revenue Service (NRS) said it collected N21.6 trillion in revenue in the first half of 2026, representing a 49 per cent increase from the N14.27 trillion recorded in the corresponding period of 2025. NRS Report published on its official website also showed that the revenue agency collected...
Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Bashir Ojulari, has welcomed the Final Investment Decision (FID) on the $800 million Ima Gas Project, describing it as another major boost for Nigeria’s gas industry and investment drive. Ojulari made this known in a post...
Afrobeats superstar, David Adeleke, popularly known as Davido, has joined billionaire businessman Aliko Dangote in promoting the ongoing effort to make Nigerians part owners of the Dangote Petroleum Refinery through its public offering. Davido shared a video on his official X account on Thursday showing a conversation with Dangote,...
President Bola Tinubu has witnessed the signing of Memoranda of Understanding (MoUs) between the Ogun State Government and global logistics company DP World for the development of the Gateway Deep Seaport and a Special Blue Economy Zone, projects valued at more than $7 billion. Minister of Marine and Blue...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has welcomed the Final Investment Decision (FID) has announced on Wednesday, September 23, 2026 by TotalEnergies EP Nigeria Limited and AMNI International Petroleum Development Company Limited for the Ima Gas Development Project. The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, said at...
Akwa Ibom State Governor, Umo Eno has assured investors of sustained support and partnership, stressing that his administration is committed to the protection and security of investments in the State. The Governor gave the assurance when he received the management of Seplat Energy led by the Chairman, Udoma Udo...
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent, signalling a shift towards a less restrictive monetary policy stance as inflationary pressures moderate. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday after the 306th meeting of...
Cash held outside Nigeria’s banking system rose to ₦4.87 trillion in August 2026, reversing a three-month decline, according to data from the Central Bank of Nigeria (CBN). The figure increased by ₦70.9 billion, or 1.48 per cent, from ₦4.80 trillion recorded in July. Currency outside banks had declined from...
World Bank has said the Federal Government’s economic shock-response cash transfer programme reached 67.19 million Nigerians and 10.44 million households as of August 2026. The disclosure was contained in the latest Implementation Status and Results Report on the National Social Safety Net Programme-Scale Up published on its website on...
By NGOBUA JOHNNIE, Abuja Nigeria’s financial exclusion rate has fallen to 21 per cent, but exclusion remains significantly higher among people with lower incomes, according to the 2026 Access to Financial Services in Nigeria (A2F) Survey by Enhancing Financial Innovation and Access (EFInA). The report, launched in Abuja on...
The Dangote Petroleum Refinery has sold out its jet fuel supply to European markets for August and September, with the remaining stock reserved for Nigeria. Chairman of Dangote Petroleum and Petrochemical Limited, Aliko Dangote, disclosed this on Monday September 14 during the formal launch of the refinery’s initial public...
The Lagos International Trade Fair Complex Management Board (LITFCMB), has reiterated its commitment to sustaining a fair and lawful business environment for both Nigerian and foreign investors operating within the complex. Executive Director and Chief Executive Officer of the Board, Veronica Safiya Ndanusa stated this in a statement on...
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...
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...