Improvement in economic indicators points to Nigeria’s stabilisation — UBA boss
Group Managing Director of United Bank for Africa (UBA) and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has outlined a blueprint for building a resilient Nigerian economy, calling for deliberate policies and stronger collaboration across the public and private sectors to transform economic stability into inclusive prosperity. Alawuba made the call […]
NUPRC threatens oil firms with sanctions over unutilised gas flare sites
By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to sanction companies awarded flare gas sites under the Nigerian Gas Flare Commercialisation Programme (NGFCP) if they fail to make significant progress in utilising the sites. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed this in Abuja during a working visit to […]
CBN warns banks, fintechs over cyber risks
…Says weak links could destabilise financial system By Emma Ujah, Abuja Bureau Chief ABUJA: The Central Bank of Nigeria, CBN, has urged banks, fintechs and other financial institutions to treat cybersecurity and third-party technology risks as critical financial stability issues, warning that vulnerabilities in one institution could trigger widespread disruption across the financial system. The […]
Court fixes Sept 21 to hear motion for winding up of NICON Insurance
By IkechukwuNnochiri The Federal High Court in Abuja has slated September 21 to hear a petition seeking to formally wind up NICON Insurance Limited following the cancellation of its operating licence. Justice ChigozieOnah, while fixing the matter for hearing, ordered that assets, properties, investments, bank accounts, books, records, documents, and other proprietary interests of the […]
Refinery IPO is for the people as process is simplified — Dangote
By Udeme Akpan President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has said the forthcoming Initial Public Offering, IPO, of the Dangote Petroleum Refinery is being structured to enable ordinary Nigerians to participate in the ownership of one of Africa’s strategic industrial assets. According to him, the public offering was “for the […]
Petrol pump prices defy low depot rates, stay above N1,300
By Udeme Akpan, Energy Editor Petrol prices remain elevated at filling stations across Nigeria despite a significant drop in depot prices raising fresh questions over profiteering between wholesale loading and retail prices. The latest mid-day depot price report for Tuesday, September 8, 2026, showed Premium Motor Spirit, PMS, also known as petrol selling between N1,266 […]
Naira rises to N1,387/$ in parallel market
The Naira yesterday appreciated to N1,387 per dollar from N1,390 in the parallel market on Monday
Processing, packaging key to closing Nigeria’s N9trn food import gap
•As country spends N16trn on food imports in three years By Providence Ayanfeoluwa Nigeria’s huge food import gap presents a major opportunity for the domestic food processing and packaging industry to deepen local production, create jobs and retain more value within the economy, the Chief Executive Officer of Beta Glass Plc, Alex Gendis, has said. […]
TCN declares force majeure as tower on Kainji-BirninKebbi line collapses
By Obas Esiedesa, Abuja The Transmission Company of Nigeria (TCN) has declared force majeure on the 330kV Kainji-BirninKebbi transmission line following the collapse of a transmission tower along the corridor. TCN, in a statement on Tuesday, said the line tripped at 10:44 p.m. on Monday, September 7, 2026. It said a trial re-closure was attempted […]
RMAFC targets Chinese investors to boost Nigeria’s oil, gas revenue
By ObasEsiedesa, Abuja The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced engagements with key stakeholders as part of plans to attract increased Chinese investment into Nigeria’s oil and gas sector and boost revenue accruing to the Federation Account. The Commission, in a statement by Head, Information and Public Relations Unit, Maryam Yusuf, said […]
Elektron Energy moves to transform electricity supply for Victoria Island
By UdemeAkpan Elektron Energy, a developer and operator of embedded power infrastructure, has unveiled its Victoria Island Power (VIPL) project, a 40-megawatt embedded power network designed to provide dedicated and more reliable electricity to businesses in one of Lagos’ upscale commercial districts. The company opened the project to customers and business leaders recently at its […]
