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Business & Economy
Only 23 of 63 Gas Producers Supplying Nigeria’s Domestic Market – NUPRC
Despite its abundant gas resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that only 65 percent of the gas allocated to the domestic market gets to…
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Otedola raises First HoldCo stake to 26.01% with N222bn acquisition
First HoldCo Plc’s billionaire businessman Femi Otedola has increased his stake in the financial services group following the purchase of more shares worth N222.20 billion.
The…
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Nigeria Customs Announces Fresh Tariff Amendments, New Fiscal Measures
The Nigeria Customs has announced the implementation of the 2026 Fiscal Policy Measures and Tariff Amendments approved by President Bola Ahmed Tinubu.
The Customs spokesman,…
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Court Freezes Activities at Onne Port Berth 12, Bars Parties from Further Transactions
The Rivers State High Court has ordered the Nigerian Ports Authority (NPA) and International Container Terminal Services Nigeria Limited (ICTSI Nigeria Limited) to suspend all…
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NLNG Charts Expansion with Trains 8–10 After $150bn Earnings
NLNG has announced it has commenced preliminary work on Trains 8, 9 and 10 as it looks to expand its liquefied natural gas (LNG) production beyond the ongoing Train 7 project.
The…
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Pivot Launches N100bn Commercial Paper To Boost Downstream Business
Pivot Integrated Energy Services Limited has issued a commercial paper (CP) of up to N100 billion under its Series 1 of the N300 billion Commercial Paper Programme, as the indigenous…
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FG Backs Access Bank’s AI-Powered App To Boost SMEs
The federal government has expressed support for the recently launched artificial intelligence (AI) powered mobile application of Access Bank Plc for small and medium-sized enterprises…
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Nigeria Set For Revenue Boost As Crude Oil Surpasses $100 Per Barrel
Nigeria’s struggling revenue profile is set for a rise as Brent crude yesterday, rose above $100 a barrel for the first time in nearly two months, hitting $100.69 over escalating…
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Otedola Strengthens Control of First HoldCo with New N77.6bn Investment
Chairman of First HoldCo Plc, Femi Otedola, has further cemented his position in the financial services group after acquiring further shares valued at ₦77.6 billion in a fresh…
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Nigerian Senate Passes NAICOM Repeal and Re-Enactment Bill
The Nigerian Senate has passed a bill seeking to repeal the National Insurance Commission (NAICOM) Act, 1997 and to enact the National Insurance Regulatory Commission Act, 2026.
The…
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