SON Warns Inaccurate Measurements Threatens Trust, Economy
By Oluwakemi Kindness The Standards Organisation of Nigeria, SON, has warned that inaccurate measurements in sectors such as fuel dispensing, healthcare, food production, and manufacturing could weaken public trust and hurt Nigeria’s economic growth. Director General and Chief Executive of SON, Dr. Ifeanyi Okeke, stated this on Wednesday during the 2026 World Metrology Day celebration […]
TUC Expels 11 Members, Suspends 15 Over Alleged Disobedience
By Chinedu Echianu The Trade Union Congress of Nigeria has expelled 11 officers and members while suspending 15 others over what it described as “flagrant disobedience” to resolutions and decisions of its National Executive Council (NEC). The disciplinary actions were announced in a communiqué issued after an emergency NEC meeting held on May 18, 2026, […]
SEC Adopts T+1 Settlement Cycle from June 1, 2026
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has announced a major reform in Nigeria’s capital market, introducing a T+1 settlement cycle for equities and commodities transactions effective June 1, 2026. The move is aimed at improving market efficiency, strengthening risk management, reducing counterpart exposure, and aligning Nigeria with global capital market standards. Final […]
NSDC: Sugar Industry Can Boost Jobs, Security in Nigeria
By Oluwakmi Kindness The Executive Secretary, National Sugar Development Council (NSDC), Kamar Bakrin, says a fully developed sugar industry has the potential to reduce unemployment and improve security across Nigeria. He made this known during a strategic meeting in Abuja with the Nigeria Customs Service, led by Comptroller-General, Adewale Adeniyi. Bakrin explained that large-scale sugar […]
ICPC, NRS Partner to Tackle Tax Evasion in Borno
By Sofiat Adenekan-Abdul The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has partnered with the Nigeria Revenue Service (NRS) in Borno State to combat tax evasion and address cases of staff bullying during revenue enforcement operations. The partnership was announced on Thursday during a sensitisation meeting with staff of the Nigeria Revenue Service […]
Say No To Ponzi Investment Schemes, SEC Warns Nigerians
By Sofiat Adenekan-Abdul The Securities and Exchange Commission (SEC) has warned Nigerians against investing in unregistered online investment schemes promoted across social media platforms, cautioning that many operate as Ponzi schemes. In a public notice issued Thursday via its official X handle, the commission said it had observed a growing rise in fraudulent investment promotions […]
Tinubu Heads to Kigali to Court Investors
By Oluwakemi Kindness President Bola Tinubu will participate in the 2026 Africa CEO Forum in Kigali, Rwanda, as part of efforts to position Nigeria as a leading destination for continental and global investment. The disclosure was made on Wednesday by Sunday Dare in a statement titled, “In Rwanda, Tinubu Pitches the Nigerian Business Case to […]
South East Commission Announces SEVCP Grand Finale
By Oluwakemi Kindness The South East Development Commission (SEDC) has announced the Grand Finale of its inaugural South East Venture Capital Program (SEVCP) Pitch Competition, scheduled to hold in Enugu. The SEDC said the programme is a flagship initiative aligned with the vision of President Bola Tinubu, as outlined in the Renewed Hope Agenda (page […]
Customs Intensifies Trade Reforms, Trains Journalists
By Oluwakemi Kindness The Nigeria Customs Service has intensified efforts to modernize trade operations through technology-driven reforms aimed at improving efficiency, transparency, accountability, and trade facilitation across the country. This formed the focus of a training workshop organized for journalists on the Nigeria Customs Service Trade Modernisation Project. The Comptroller-General of Customs, Adewale Adeniyi, was […]
NNPCL Remits N2.888Tr to Federation Account, Profit Jumps By 102%
By Zainab Bakare The Nigerian National Petroleum Company Limited (NNPCL) has announced a total remittance of N2.888 trillion to the Federation Account between January and March 2026, underscoring strong financial performance in the first quarter of the year. According to its Monthly Report Summary for March 2026, the national oil company recorded a profit after […]