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Zamfara commissions $200m lithium plant
Zamfara Government has commissioned a $200 million lithium mining and processing plant in Zamfara State. The Zamfara Lithium Mining and Processing Plant, located in Boko Village, Zurmi Local Government Area, is a joint investment by ZAM Mining Company Ltd, Bima…
Abia seeks Stanbic IBTC support for proposed Medical City, seaport projects
Abia Government says it is seeking the infrastructure financing support of Stanbic IBTC towards the realisation of major projects in the state, including the proposed Medical City and Obuaku Seaport. According to the state government, while land has been acquired…
NMDPRA tackles petroleum products marketers over price fixing
Industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has restated that the country’s petroleum products market remains fully deregulated, stressing that fuel prices are now largely determined by prevailing market forces. Speaking in Sokoto, the State Coordinator…
Nigeria woos Bombardier over establishment of aircraft service centre
Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has led a delegation of private jet operators in Nigeria to engage with officials of Canadian aerospace company, Bombardier Inc., over plans to establish a major aircraft service centre in Nigeria. Keyamo…
Amid local supply gaps, marketers, refineries export 505, 000 tons of petrol, diesel, earn $432.35m in one month
Shipping data obtained from the Nigerian Ports Authority (NPA) has disclosed that an estimated 505,000 tonnes of Premium Motor Spirit (PMS) or petrol, and Automotive Gas Oil (AGO) or diesel worth $432.35 million was exported by marketers and local refineries to…
Oil sector drives Nigeria’s current account surplus to reach $5.0bn in Q1 2026
According to the Central Bank of Nigeria (CBN), the country’s Balance of Payments (BoP) recorded a current account (CA) surplus of $5.0 billion in the first quarter of 2026, significantly higher than $1.4 billion in the fourth quarter of 2025 and…
Nigeria disengages third-party visa processing firm, directs U.S applicants to embassy, consulates
Nigeria Immigration Service (NIS) has announced its decision to disengage its third-party visa application service provider in the United States, the Online Integrated Solution (OIS Services) which previously handled the services for America-based travellers to the country. According to the…
CBN mops up N1.06trn excess liquidity from banking system, repays N2.21trn via maturing OMO bills
Central Bank of Nigeria (CBN), Wednesday, disclosed that it mopped up excess liquidity from the banking system, raising N1.06 trillion at its Nigerian Treasury Bills (NTBs) auction after the repayment of N2.21 trillion in maturing Open Market Operation (OMO) bills injected…
Standard, commemorative N100 banknotes still legal tenders — CBN clarifies
Central Bank of Nigeria (CBN) moved to clear the confusions trailing current rejection of the standard version of the N100 banknote by Nigerians, as it stated that the currency is still a legal tender. The regulator further warned individuals, businesses,…
CAC to enforce CAMA business document requirements from Aug. 1, warns companies to update mandatory particulars
Corporate Affairs Commission (CAC) says it will commence the enforcement of statutory requirements as listed in company business letters from August 1, 2026. CAC, while it warned that defaulting companies will face sanctions, explained that the enforcement will cover the full…
