Business

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a stern directive to exploration and production companies, emphasizing the importance of adhering to their Crude Oil Supply Obligations for local…

Borno State Governor, Babagana Umara Zulum, has officially signed the 2025 appropriation bill into law, with a total value of N615.8 billion. The budget, which was passed by the State…

The Central Bank of Nigeria (CBN) reported a 63.7% increase in remittance inflows through international money transfer operators (IMTOs) for the first nine months of 2024. Inflows rose from $2.33…

Stakeholders in Nigeria’s midstream and downstream petroleum sectors are taking strategic steps to curb the rising number of fuel tanker accidents, which have resulted in significant loss of lives and…

By Providence Ayanfeoluwa Nigeria’s Niger Delta region could generate $320 million annually through innovative carbon credit initiatives, leveraging its vegetation and untapped environmental potential. This was revealed by Capt. Warredi…

Nigeria’s Mutual Funds industry has seen remarkable growth, with total assets under management (AUM) surging by 80.8% year-on-year (YoY), climbing from N2.3 trillion in January 2024 to N4.1 trillion by…

The Nigerian Shippers’ Council (NCS) has addressed concerns from importers and clearing agents regarding the implementation of the 1 percent freight stabilisation fee, reassuring them that the benefits outweigh the…

The Nigerian National Assembly has strengthened the Securities and Exchange Commission (SEC) by granting it expanded regulatory powers under the newly enacted Investment and Securities Bill (2024). This landmark legislation…

Stakeholders in Nigeria’s Special Economic Zones (SEZs) have called for stronger collaboration between Free Zones Regulatory Authorities and key government agencies to enhance operational efficiency and streamline regulatory processes. According…

The Central Bank of Nigeria (CBN) has imposed a new restriction on the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). Starting from January 10, 2025,…