The Nigerian National Petroleum Company (NNPC) Limited reports an explosion on its Escravos-Lagos pipeline. Andy Odeh, NNPC spokesperson, stated on Friday that the incident occurred on December 10 near the…
The Economic Community of West African States (ECOWAS) has announced that beginning in January 2026, flight ticket fees would be prohibited in all subregional airports. Chris Appiah, ECOWAS' director of…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announces that the federal government has cut the signature incentive for the 2025 petroleum licensing round to between $3 million and $7 million.…
The Corporate Affairs Commission (CAC) has announced plans to crack down on unregistered point-of-sale (PoS) operators beginning January 1, 2026. In a statement issued on Saturday, the commission termed the…
The Central Bank of Nigeria has announced a complete review of cash-related policies, including new nationwide withdrawal restrictions and the removal of the cumulative deposit cap for bank customers. In…
Local contractors from the All Indigenous Contractors Association of Nigeria returned to the Federal Ministry of Finance on Tuesday, blocking both doors as they demanded payment of what they called…
Following approval by the Central Bank of Nigeria, First City Monument Bank (FCMB) has appointed Ms. Oluyinka Johnson as a Non-Executive Director. Ms. Johnson is a results-oriented professional with more…
The federal government will begin adopting new tax regulations on January 1, 2026, with 50 exclusions and reliefs aimed at low-income earners, regular taxpayers, and small enterprises. President Bola Tinubu…
President Bola Tinubu has approved a 15% ad valorem import levy on fuel and premium motor spirit (PMS), generally known as petrol. Damilotun Aderemi, the president's private secretary, communicated Tinubu's…
The African Export-Import Bank (Afreximbank) has officially sworn in George Elombi as its fourth president and board chairman. The investiture event took place on Saturday in Cairo, Egypt. Elombi succeeded…