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Africa needs $200bn yearly energy investment — IPPG

•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]

SEC releases rules for forex trading 

By Peter Egwuatu  The Securities and Exchange Commission (SEC) has moved to tighten oversight of online foreign exchange (forex) trading in Nigeria, extending its proposed regulatory framework to both domestic operators and offshore entities that target Nigerian residents. Under the rules released yesterday, the SEC, said: “The regulations would apply throughout Nigeria and cover all persons […]

FRC ends multiple financial statement filings, unveils national repository

By Babajide Komolafe The Financial Reporting Council of Nigeria, FRC, yesterday announced the end of multiple submissions of financial statements by companies to government agencies and regulators, following the launch of a national repository for audited financial statements. Chief Executive Officer of the FRC, Rabiu Olowo, disclosed this at the official commissioning of the Council’s new […]

Kuje family urges Police to conclude IGP approved investigation By Oluwamayowa Ajiboluwa

By Oluwamayowa Ajiboluwa The Kuje Amuwo Chieftaincy Family of Lagos State, has urged the Nigeria Police Force to urgently conclude an investigation into allegations arising from a protracted dispute involving a large parcel of land in the 6th and 7th Avenue area of Festac Extension, Amuwo-Odofin, Lagos State. The family said its petition to the […]

Nigeria on course for $1tn economy by 2030 — Finance Ministry

By Innocent Anaba The Federal Ministry of Finance said yesterday that Nigeria’s economy continues to demonstrate resilience and accelerating growth with the second quarter of 2026 real Gross Domestic Product (GDP) expanding by 4.43 percent year-on-year, up from 4.23 per cent in Q2 2025 and 3.89 percent in Q1 2026. The Ministry in a statement, […]

Fresh petrol price hike looms as depot rates hit N1,290 

By Udeme Akpan, Energy Editor Nigerians may soon pay more for  Premium Motor Spirit (PMS), also known as petrol, as depot prices across major petroleum hubs have climbed sharply to as high as N1,290 per litre, amid a renewed surge in international crude oil prices. The development threatens to worsen the financial burden on households and […]

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