Court nullifies PENGASSAN Chevron election, orders fresh poll

Court nullifies PENGASSAN Chevron election, orders fresh poll

By Jimoh Babatunde The National Industrial Court of Nigeria, Lagos Division, has nullified the September 16, 2025 election conducted by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for its Chevron branch and ordered the association to conduct a fresh poll within 30 days of the judgment. The court also directed the […]
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NPERA commences operations as port economic regulator

NPERA commences operations as port economic regulator

By Godwin Oritse The Nigeria Ports Economic Regulatory Agency (NPERA) has formally commenced operations, ushering in a new era of economic regulation designed to make Nigeria’s ports more transparent, competitive, predictable and efficient. The agency’s commencement follows President Bola Ahmed Tinubu’s assent to the Nigeria Ports Economic Regulatory Agency Bill, 2026, which established NPERA as […]

NAICOM revokes  Universal Insurance’s licence, appoints receiver

NAICOM revokes  Universal Insurance’s licence, appoints receiver

By Innocent Anaba The National Insurance Commission (NAICOM) has revoked the license  of Universal Insurance Plc and appointed a receiver/provisional liquidator to commence the process of winding up the company’s affairs. The cancellation, which took effect on August 14, 2026, followed the company’s alleged failure to meet the prescribed Minimum Capital Requirement (MCR) applicable to its […]

Let peace, love guide Nigeria’s politics, Atoe urges

Let peace, love guide Nigeria’s politics, Atoe urges

By Jimoh Babatunde The Initiative for Peace, Forgiveness and Love for One Another (IPFLOA) has urged Nigerian politicians, political parties and their supporters to embrace peace, forgiveness and mutual respect in the conduct of political activities. The Co-Founder of the organisation, Engr. Bright Atoe, made the call while reflecting on the conclusion of the Osun […]

FAAC: FG, States, LGs share N3 trn 

FAAC: FG, States, LGs share N3 trn 

By Emma Ujah, Abuja Bureau Chief The three tiers of government have shared N3.007 trillion as July 2026 revenue. The revenue was shared at the Federation Account Allocation Committee, FAAC, meeting held, yesterday,  on the sidelines of the ongoing National Council on Federation and Economic Development, NACOFED, jn Owerri, Imo State. This moth’s shared revenue was  […]

AFRACA-NIRSAL targets climate-resilient agric finance

AFRACA-NIRSAL targets climate-resilient agric finance

By Juliet Umeh LAGOS — Financial institutions across Africa have been urged to deploy innovative financing models, climate-risk tools and artificial intelligence (AI) to expand investment in agriculture and strengthen the continent’s food security.The call was made at the opening of the week-long African Rural and Agricultural Credit Association, AFRACA, Masterclass on Inclusive Finance for […]