•Constitutes recapitalisation committee By Rosemary Iwunze Following the signing into law of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, the National Insurance Commission, NAICOM, has been mandated to cancel registration of any insurance or reinsurance firm that fails to recapitalise within one year. The NIIRA 2025 stipulates that life insurance firms must have capital base of […]

By Cynthia Alo The Chartered Institute of Financial and Investment Analysts, Nigeria, CIFIAN, has called on the Federal Government to urgently align its Sugar-Sweetened Beverage (SSB) tax policy with broader public health objectives and Nigeria’s industrial development goals. The Institute warns that steep tax increases, if implemented without a coherent framework, could harm the country’s sugar […]

•To generate 500,000 jobs By Gabriel Ewepu ABUJA – IN a bid to revitalize and position the steel sector and make it a global attraction, President Bola Tinubu, Wednesday, disclosed that the Federal Government, FG, is targeting 10 million tonnes liquid steel production by 2030. Tinubu stated this in his keynote at the inaugural Two-day National […]

…as marketers reduce depot prices to N825 per liter By Udeme Akpan, Agams-Emuobe Joy & James Favour The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has said that consumption of Premium Motor Spirit, PMS, otherwise known as petrol, dropped to 1.44 billion litres in June 2025 from 1.76 billion litres in May 2025, indicating a […]

Netzence Sustainability Limited, Netzence, has partnered with The University of Sydney to develop an AI SDN Carbon Stack, a technology designed to reduce the carbon footprint of digital infrastructure through the combined use of Artificial Intelligence, AI, and Software Defined Network, SDN. The agreement was finalised during the visit of Netzence’s Founder and CEO, Dr. […]

The moves by the Federal Government to smoothen its trade facilitation operations got a boost as the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) have stepped up collaboration on the National Single Window (NSW) project.   The NSE is a landmark trade facilitation initiative expected to transform Nigeria’s import and export processes, improve […]

•Pledges availability of clean naira notes By Doreen Ifiemor The Central Bank of Nigeria, CBN, yesterday at its maiden  financial services fair, counselled members of the banking public on proper use of alternative payment channels, naira notes, consumer rights and obligations as well as practical tips on fraud prevention.  Addressing participants at the fair which held […]

By John Alechenu Abuja — The National  Sugar Development Council (NSDC) has signed agreements with four operators to develop greenfield sugar projects that will collectively produce 400,000 tonnes locally on an annual basis. This, the NSDC said,  is the latest phase in an ambitious campaign to slash the country’s hefty sugar import bill and achieve […]

•••Dangote Refinery reduces gantry price of petrol to N820 per litre By Udeme Akpan, Energy Editor Nigeria’s oil output, excluding condensate, rose by 11 per cent, year-on-year, YoY  to 1.559 million barrels per day, bpd in July, representing the highest monthly production level in 2025. Organisation of Petroleum Exporting Countries, OPEC disclosed this yesterday in its August […]

Elektron Finance SPV Plc, a funding vehicle wholly owned by Elektron Energy Development Strategies Limited , based in Nigeria, has announced the launch of its N200 billion bond issuance programme and the successful completion of a N4.64 billion 15-year Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond.