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FG disburses N13bn interest-free loans to 7,450 workers in 153 tertiary institutions, as fresh applications open June ending
Federal Government says it has disbursed about N13 billion in interest-free loans to 7,450 academic and non-academic workers across 153 public tertiary institutions nationwide. According to a statement issued, Friday, and signed by Boriowo Folashade, the Director of Press and…
SEC bans marketing of ‘unapproved’ Dangote Refinery IPO with immediate effect
Capital market regulator, the Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE with immediate effect. According to SEC, no application for such an…
‘Upgrade your fleet by October or lose access to airports,’ FAAN orders cab operators
Federal Airports Authority of Nigeria (FAAN) has ruled out any further extensions to its earlier notice to all airport cab operators to upgrade their fleets to newer vehicle models by October, this year or lose access to the facilities. FAAN stated,…
Local refineries reach 48mlpd PMS production – FG
Federal Government has disclosed that local production of premium motor spirit (PMS) or petrol has hit 48 million litres per day (lpd). petrol Special Adviser to the President on Oil and Gas, Mrs Olu Verheijen, who disclosed this at the…
Otedola acquires 680m First HoldCo shares to raise stake to 20.42%
Group Chairman, First HoldCo, Femi Otedola, has become the company’s single largest majority shareholder after acquiring about 680 million shares of the group, representing a 20.42 per cent stake. According to a private placement allotment from the group, Otedola was…
CBN to ease transparency concerns with new UBO regulation on ownership of banks, fintechs, others
Central Bank of Nigeria (CBN) has mandated banks, fintechs and other payment service providers operating in the country to disclose their ultimate beneficial owners (UBO). The regulatory measures were contained in a circular dated June 15, 2026, and signed by CBN’s…
Be a man! Reflections on Father’s Day and men’s mental health
June is Men’s Health Month, and the third Sunday marked Father’s Day. In this piece, Ebuka Ukoh shines a spotlight on African men, delving into the often hidden emotional and psychological burdens they carry—challenges that deserve more attention and understanding….
NMDPRA set to introduce gas tariff, pricing framework
Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Rabiu Abdullahi Umar, had disclosed that a gas tariff regulation is underway, adding that the agency would unveil a proper pricing framework at its next meeting. Umar…
FG, retailers disagree over rising cost of cooking gas
Federal Government and Liquefied Petroleum Gas (LPG) or cooking gas retailers have differed on the reasons for the scarcity and high prices of the commodity in the market. While government insists the current scarcity and consequently high prices of the…
Nigeria’s forex inflows jump to $12.2bn in January 2026, as outflows drop by 43%
Central Bank of Nigeria (CBN) has reported that the country’s foreign exchange (forex) trading posted a record performance in January 2026, registering a net surplus of $9.2 billion. The regulatory bank which disclosed this in its latest Monthly Economic Report, released,…
