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FG, marketers set for showdown over planned fuel price control regime
Petroleum products marketers have threatened an industry shutdown if the federal government enforces its planned activation of the price control mechanism aimed at driving down the current high prices of the commodity in the country. The declaration followed calls by…
CBN shuts 46 microfinance banks over regulatory breaches, as NDIC begins process of orderly closure of affected MFBs
Central Bank of Nigeria (CBN) has announced revocation of the operating licences of 46 microfinance banks (MFBs) for failing to comply with key regulatory requirements. This is also as the Nigeria Deposit Insurance Corporation (NDIC) said it has commenced the…
PenCom, ICPC recover over N3bn in unremitted pension contributions, as crackdown on defaulters intensifies
National Pension Commission (PenCom) says it has recovered over N3 billion in unremitted pensions contribution,as its crackdown on defaulting employers across the country intensifies. PenCom, in collaboration with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), had commenced…
FG to seek compensation from S/Africa for Nigerian businessowners displaced by xenophobic attacks
Federal Government has stated that it will seek compensation from South Africa for Nigerians who lost businesses and properties after fleeing violent anti-African immigrant protests sweeping that country. Acting Nigeria’s High Commissioner to South Africa, Alexander Ajayi said affected returnees are…
FG to issue fresh N729bn bond for GenCos settlement, as legacy debt rises to N6.8trn
Nigerian government has disclosed that it is pushing ahead with the second tranche of about N729 billion bond issue to settle part of the power sector’s legacy debt to Electricity Generation Companies (GenCos). The Nigerian Bulk Electricity Trading Plc (NBET) confirmed…
Cooking gas prices drop amid supply surge
Retail prices of the Petroleum Liquefied Gas (LPG) also known as cooking gas have dropped massively from the N2, 300+/kg across the country to as low as N1, 000/kg, as confirmed by the Nigerian Association of Liquefied Petroleum Gas Marketers…
ProvidusUnity Bank announces commencement of unified operations
Fresh from its recent merger deal, the ProvidusUnity Bank has announced official commencement of operations as a single banking institution. The new bank disclosed that it has completed all regulatory approvals, shareholder endorsements and judicial processes required to consummate the business…
FG may clamp down on petrol marketers over continued high pump prices
Federal Government has expressed displeasure with Premium Motor Spirit (PMS) or petrol marketers over the continued high pump price of the product despite the easing of global tensions in the Middle East which triggered the rise in the first place. The…
Tinubu approves free CAC registration for 250,000 MSMEs nationwide
President Bola Tinubu has approved the free formalisation and corporate registration of 250,000 Micro, Small, and Medium Enterprises (MSMEs) across the country. Presidency which confirmed the development, Saturday, at the State House in Abuja during the 8th National MSME Awards 2026, explained…
SMEDAN launches zero-interest N500m ‘Grow Fund’ scheme for MSMEs
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a N500 million zero-interest revolving loan scheme, tagged ‘Grow Fund,’ to provide easier access to finance for members of business and professional associations across the country. Director-General of SMEDAN, Charles…
