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The Corporate Affairs Commission (CAC) says it has reviewed some of its service fees to enhance service quality, improve efficiency, and sustain digital transformation in its operations. The commission said this in a public notice it issued in Abuja on Tuesday. It said the increment which will take effect from Aug. 1, reflected prevailing economic ...
The Federal Competition and Consumer Protection Commission (FCCPC) has summoned the management of Air Peace Limited following mounting complaints from passengers regarding unrefunded ticket fares and cancelled flights. This development was made public in a statement issued on Monday by the FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu. According to the Commission, Air Peace’s actions ...
By Seun Ibiyemi Petroleum tanker drivers have taken to the streets to protest the N12,500 parking fee imposed on them by the Lagos state government through the Electronic Call-up Systems Company. The drivers on Monday were joined by other truckers to include lifters of petroleum products from the Dangote refinery, as well as transporters of ...
By Seun Ibiyemi The National Bureau of Statistics (NBS) on Monday said inflation declined to 22.97 per cent in May 2025 from the 23.71 per cent recorded in April 2025. Statistician General of the Federation, Prince Adeyemi Adeniran, made this known in a press statement issued at Abuja. He said, “The headline inflation rate for ...
A Federal High Court in Lagos, on Monday, held that it would await the decision of the Court of Appeal in a suit by Ecobank challenging alleged sale of 6.3 billion shares in Barbican Capital Ltd. Ecobank had filed the suit against Obafemi Otudeko, Barbican Capital Ltd., and Honeywell Flour Mills of Nig. Plc. as ...
By Matthew Denis The Nigeria Customs Service (NCS) has once again demonstrated its thought leadership in public communication and institutional branding as it joined public relations professionals across Africa to commemorate the 50th anniversary of the African Public Relations Association (APRA) during its 36th Annual Conference, held from 9 to 13 June 2025 at the ...
The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso and the Minister of Finance, Olawale Edun are to appear before the Joint House of Representatives Committee on Public Accounts and Public Assets on Monday. This is contained in a statement jointly issued by Chairman of the Committee, Rep. Bamidele Salam and his Public Assets counterpart, ...
By Seun Ibiyemi The Consul General of the Embassy of the Republic of Korea in Nigeria, Mr. Lee Sang-ho, paid a courtesy visit to the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, at the Agency’s headquarters in Lagos. The high-level engagement served as a strategic platform to reinforce ...
The Dangote Petroleum Refinery is poised to fundamentally reshape distribution in Nigeria's downstream sector with the rollout of 4,000 CNG tankers nationwide. The initiative which is set to take effect from August 15, 2025 will see the refinery commence a groundbreaking initiative: the nationwide distribution of Premium Motor Spirit (PMS) and diesel. This strategic move ...
By Seun Ibiyemi The Federal Government has urged Chinese and other international investors to explore opportunities in Nigeria’s expanding railway infrastructure, with calls for collaboration in key areas such as power supply systems, advanced security solutions, and real-time monitoring technologies. Speaking at the 16th International Infrastructure Investment and Construction Forum (IIICF) in Macao, China, the ...
...NIMASA has done well — Comrade Bunu By Seun Ibiyemi The Maritime Workers Union of Nigeria (MWUN) has thrown its full weight behind Nigeria’s campaign to rejoin Category C of the International Maritime Organization (IMO) Council, praising the Nigerian Maritime Administration and Safety Agency (NIMASA) for its transformative strides in maritime safety and governance. In ...
…. Announces Arnold Ekpe, new Chairman of Dangote Sugar Dangote Sugar Refinery Plc (DSR) has announced that its Chairman, Alhaji Aliko Dangote, will retire from the Board effective June 16. The announcement, made through a corporate disclosure to the Nigerian Exchange Ltd., stated that the decision aligns with principles of good corporate governance and succession ...
President Bola Tinubu has issued a firm call for the swift ratification of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement and a substantial boost in funding for blue economy initiatives to safeguard and sustainably harness the world’s ocean resources. The appeal was delivered at the United Nations Ocean Conference currently underway in Nice, France. The ...
The Federal Government has announced a $50 million investment in the newly established Nigeria Wholesale Impact Investment Fund (WIIF), reaffirming its commitment to advancing inclusive and sustainable economic growth. In a post on its official X (formerly Twitter) account, the Federal Ministry of Finance said the move reflects a strategic effort to accelerate economic transformation. ...
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has pledged to take serious actions against illegal mining activities causing damage to rail tracks. The Managing Director of the corporation, Mr Kayode Opeifa, gave the warning while speaking with newsmen on Wednesday in Jebba, on the sidelines of an inspection tour of rail tracks in Mokwa, ...
The Federal Competition and Consumer Protection Commission (FCCPC) has launched a joint market monitoring taskforce aimed at removing unsafe products and curbing unethical business practices across markets in the Federal Capital Territory (FCT). The taskforce was formally inaugurated on Wednesday in Abuja by the Executive Vice Chairman of the FCCPC, Mr Tunji Bello, who was ...
By Seun Ibiyemi The Federal Government is exploring increased cooperation in blue economy development, marine conservation, and capacity building across West and Central Africa. The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola stated this on Monday in a statement signed by his Special Adviser, Bolaji Akinola. Recall that Oyetola is representing President Bola Tinubu ...
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has said that the rail transport on Warri-Itakpe (WITS) corridor is safe and operational. The Ag. Deputy Director, Public Relations, NRC, Mr Callistus Unyimadu, said this, in a statement , on Monday in Lagos. “The attention of the NRC has been drawn to a widely circulated social ...
The Vice-President Kashim Shettima has inaugurated a new 7.5MVA distribution injection substation in Maiduguri to boost power supply. The project was executed by the Niger Delta Power Holding Company (NDPHC). Mr Emmanuel Ojor, Head, Corporate Communications and External Relations, NDPHC, said in a statement on Monday. According to him, the inauguration is part of the ...
The Minister of Budget and Economic Planning, Senator Atiku Bagudu, has hailed President Bola Tinubu’s economic reforms as bold and necessary measures that have begun to set Nigeria’s economy on a path of sustainable recovery and long-term growth. Speaking to State House Correspondents after a courtesy visit to President Tinubu at his Lagos residence over ...
Trustfund Pensions Limited has reported strong financial results for the year ended December 31, 2024, with assets under management (AUM) rising by 19 percent to over ₦1.23 trillion, up from ₦1.03 trillion in the previous year. The update was shared following the company’s 16th Annual General Meeting held in Abuja, where shareholders also approved a ...
In a landmark development for Nigeria’s oil and gas industry, Green Energy International Limited (GEIL), operator of the Otakikpo field, has successfully completed the first crude oil export from the newly constructed Otakikpo terminal, the country’s first indigenous onshore crude export facility in over five decades. The inaugural export took place over the weekend, when ...
By Seun Ibiyemi The Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria Liquefied Natural Gas (NLNG) Limited have officially inaugurated 140 graduates into an intensive three-month Advanced Nigerian Content Human Capital Development (NC-HCD) Programme, aimed at strengthening local technical capacity for the $5 billion NLNG Train 7 Project on Bonny Island, Rivers State. The ...
