NAICOM Trains Police to Enforce Mandatory Insurance Compliance
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has trained officers of the Nigeria Police Force (NPF) in the Federal Capital Territory (FCT) to strengthen enforcement of compulsory insurance laws and curb the use of fake motor insurance certificates. The one-day training, held in Abuja, focused on improving compliance with Motor Third-Party Insurance and other […]
FCT-IRS Launches Taxporta to Simplify Tax Payment, Filing
By Sofiat Adenekan-Abdul Taxpayers in the Federal Capital Territory will no longer need to visit tax offices to register, file returns, make payments or obtain Tax Clearance Certificates following the launch of Taxporta, a new digital tax administration platform by the Federal Capital Territory Internal Revenue Service (FCT-IRS). The platform, unveiled during a stakeholders’ engagement […]
Tinubu Urges Afreximbank to Drive Africa’s Industrial Revolution
By Mardiyyah Abubakar President Bola Ahmed Tinubu has challenged the African Export-Import Bank (Afreximbank) to take the lead in accelerating Africa’s industrialisation by unlocking the continent’s vast human, financial and natural resources. The President made the call on Tuesday while receiving Afreximbank’s newly elected President and Chairman of the Board, George Elombi, at the State […]
PETAN Warns Funding Gaps, Idle Capacity Threaten 3mbpd Oil
By Mardiyyah Abubakar The President of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya, has warned that underutilised capacity, limited drilling activities and funding challenges could prevent Nigeria from achieving its crude oil production targets. Ogunsanya said these challenges could derail Nigeria’s plan to increase oil production to 2 million barrels per day […]
UBA Names Nnorom Chairman as Elumelu Retires
By Mardiyyah Abubakar United Bank for Africa (UBA) has named Emmanuel Nnorom as its new Group Chairman following the retirement of Tony Elumelu from the bank’s Board of Directors. Elumelu will officially step down on August 21, 2026, after completing the 12-year tenure limit for non-executive directors set by the Central Bank of Nigeria. The […]
Tinubu Orders Probe of Big Techs Over Media Content Rights
By Oluwakemi Kindness President Bola Tinubu has directed the Federal Competition and Consumer Protection Commission (FCCPC) to investigate major global technology companies and Generative Artificial Intelligence (AI) platforms over allegations of anti-competitive practices and the unauthorised use of Nigerian media content. The directive follows a petition submitted by the Nigerian Press Organisation (NPO), comprising the […]
Dangote Refinery Emerges Europe’s Top Jet Fuel Supplier
By Mardiyyah Abubakar Nigeria’s Dangote Petroleum Refinery exported approximately 466,000 metric tonnes of aviation fuel to Europe in June 2026, surpassing the United States and other traditional suppliers to become the continent’s leading source of jet fuel during the month. The volume, estimated at 582.5 million litres, is valued at roughly ₦757 billion, based on […]
SEC Clears 7 Fintech Firms for Regulatory Sandbox
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has admitted seven fintech and digital asset companies into its Accelerated Regulatory Incubation Programme (ARIP), granting them Approval-in-Principle to operate within its regulatory sandbox framework. In a statement issued on Friday, the Commission says the move reflects its commitment to promoting financial innovation while ensuring investor […]
SMEDAN Launches Solar, Growth Drive for MSMEs in Kano
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a clean energy and enterprise development programme aimed at reducing production costs and boosting competitiveness among MSME clusters in Kano State. The initiative, implemented under SMEDAN’s Enterprise Cluster Development (ECD) programme, will deploy solar energy solutions to selected business clusters […]
Dangote Targets 2.1m Barrels Daily Refining Accross Africa
By Zainab Bakare Dangote Industries Limited has announced plans to increase its combined refining capacity to 2.1 million barrels per day across Nigeria and Kenya as part of its long-term expansion strategy in Africa. The company’s Group Vice President for Oil and Gas, Devakumar Edwin, disclosed the plan during a visit by officials of the […]