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NCC, CAC introduce new rules on share transfers, others, regarding ownership changes at telecoms firms
Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have introduced a new compliance requirement for ownership changes which now mandates prior approval for significant ownership changes in telecommunications companies operating in Nigeria. The agencies announced the measure in a…
FG moves to drive down cement prices, to engage producers from July 1
Minister of Works, Engr. David Umahi has said the Federal Government will begin engagements with cement manufacturers from July 1 to address the rising cost of cement in the country. Umahi revealed this at the unveiling of Lafarge’s new corporate…
SterlingHoldCo gets shareholders’ nod for $400m capital raise
Shareholders of Sterling Financial Holdings Company (SterlingHoldCo) Plc have approved the company’s move to raise up to $400 million in fresh capital as part of efforts to strengthen its capital base and support expansion across its businesses. The approval was granted…
Firm blames ‘structural imbalances,’ as FG withholds 32% of May’s FAAC revenue for interventions
Alliance Economic Research and Ethics Ltd/GTE has blamed ‘structural imbalances,’ following decision by the Federal Government to approve only 68 per cent of the revenue disbursed by the Federation Account Allocation Committee (FAAC) in its May 2026 allocations to the…
BP’s great reversal and the return of energy realism
By Sola Adebawo BP’s recent decision to eliminate its standalone Low Carbon Energy division and reorganize around upstream and downstream hydrocarbons is more than a corporate restructuring. It is one of the clearest signals yet that the assumptions underpinning the…
Diezani’s Acquittal: Accountability, Due Process and the Court of Public Opinion
[By Sola Adebawo] The reported acquittal of former Nigerian Petroleum Minister Diezani Alison-Madueke by a jury at London’s Southwark Crown Court has reignited public debate about corruption, accountability, justice, and governance. Yet the larger issues raised by the case extend…
NMDPRA to issue import permits for 165,000MT LPG, targets price stability
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced plans to issue permits and closely monitor imports conceived to bridge estimated 165,000-metric-tonne Liquefied Petroleum Gas (LPG) supply deficit projected for the third quarter of 2026. The Authority Chief…
FG orders crackdown on hoarding, tasks NMDPRA to stabilise LPG prices
The Federal Government has directed regulators in the energy sector to intensify market surveillance and work closely with security agencies to eliminate sharp practices responsible for artificial scarcity and rising prices of Liquefied Petroleum Gas (LPG), commonly known as cooking…
WIEN Congratulates Mrs. Elohor Aiboni on appointment as EVP/Chairman of Shell in Nigeria
Africa’s leading gender equity advocate in the energy industry, the Women in Energy Network (WIEN), has congratulated one of its distinguished Board of Trustees members and prominent professionals, Mrs. Elohor Aiboni, on her appointment as Executive Vice President and Chairman…
Telcos back CBN’s directive to banks, fintechs on localisation of payment data storage
Association of Licensed Telecommunications Operators of Nigeria (ALTON) has backed the Central Bank of Nigeria (CBN) over its directive to banks and fintechs to host payment transaction data locally. According to the operators, data sovereignty required countries to take responsibility for…
