The Senate reviewed a bill on Wednesday that sought to repeal and re-enact the 2024/2025 Appropriations Act, proposing a revised budget of N43.56 trillion. President Bola Tinubu had earlier sent…
President Bola Ahmed Tinubu has formally requested the Senate’s approval for new chief executives to lead the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum…
The Nigeria Customs Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have increased collaboration to combat the diversion of petroleum products intended for local consumption, as Nigeria steps…
The Central Bank of Nigeria (CBN) has ordered all acquirers, processors, and payment terminal service providers (PTSPs) to implement mandatory dual connectivity with the Nigeria Inter-Bank Settlement System (NIBSS) and Unified…
The Dangote Petroleum Refinery reduced the gantry price of its Premium Motor Spirit, PMS, or petrol, by 16% to ₦699 per litre from ₦828, with effect from December 11, 2025.…
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…
