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Over 143 firms jostle for 50 oil blocks as NUPRC holds bid round
The Federal Government will on Tuesday commence the commercial bidding phase of its much-publicised 2025 Oil and Gas Licensing Round, with 143 prequalified companies set to compete for exploration and production rights over 50 petroleum blocks spread across Nigeria’s major…
NRS fixes deadline for national e-invoicing, electronic fiscal system compliance
Nigeria Revenue Service (NRS) has set a July 31 deadline for all large taxpayers to wholly adopt the national e-invoicing and electronic fiscal system (EFS). This follows a public notice issued by NRS on February 17, 2026, on the implementation…
CBN unveils fresh guidelines for BDC operators accessing forex
Central Bank of Nigeria (CBN) has released new operational rules on how licensed Bureau de Change (BDC) operators can acquire foreign exchange from the market. In a circular signed by Aderinola Shonekan, the CBN’s Director of Trade and Exchange Department,…
NLNG celebrates Prof Bart Nnaji at 70, honours his contribution to innovation
NLNG has paid tribute to Professor Bart Nnaji at 70, highlighting his more than two decades of contribution to the governance, credibility and international reach of The Nigeria Prize for Science and Innovation. The former Minister of Power and Chairman…
BOI secures €60m credit support for Nigeria’s cocoa, dairy industry development
Bank of Industry (BoI) has secured a €60 million credit facility from the European Investment Bank (EIB) to support Nigeria’s cocoa processing and dairy industries, as the country intensifies efforts to move beyond exporting raw agricultural commodities. Managing Director and…
Forex unification improved market liquidity – CBN Gov., as Nigeria’s external reserves reach $52bn
Nigeria’s external reserves surged to more than $52 billion as of July 15, 2026, according to Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso. According to Mr Cardoso, the country’s net reserves also increased significantly from about $3 billion…
Sterling Bank, StarTimes launch N2bn ‘Solar Financing Hubs’ nationwide to drive renewable energy transition
(From left): Darlington Nwankwo, the Divisional Head, Renewable Energy and Mobility, Sterling Bank; Eric Xiao, Vice President, StarTimes Nigeria, and Kelly Aigbedion, the Head, Renewable Energy, Sterling Bank at the launch of the Sterling Solar Financing Hub in Lagos, recently
CAC to deregister 100, 000 companies for breaching statutory filing obligations
Corporate Affairs Commission (CAC) has launched a fresh compliance exercise that puts 100,000 companies at risk of delisting from Nigeria’s official register for failing to meet statutory filing obligations. In a public notice issued, Wednesday, the commission accused the affected…
DisCos accuse NERC of ‘power grab’ as new CapEx provision accounts framework takes off
Electricity Distribution Companies (DisCos) have rejected the fresh order by the Nigerian Electricity Regulatory Commission (NERC) requiring them to establish dedicated Capital Expenditure (CapEx) Provision Accounts into which a substantial portion of their residual revenues must be paid after offsetting operating…
NLNG restates commitment to operational excellence
Nigeria LNG Limited (NLNG) has reaffirmed its commitment to maintaining safe, reliable and efficient operations, declaring that operational excellence will remain central to its efforts to set industry benchmarks and drive sustainable growth in Nigeria’s energy sector. The company made…
