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Petroleum products’ pump prices continue rise nationwide in May, as diesel records 86% increase — NBS
Latest Price Watch data released by the National Bureau of Statistics (NBS) has shown that May pump prices of the three major petroleum products continued to rise compared to same period last year. The NBS data disclosed that diesel recorded 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…
FCCPC places 112 loan apps on watchlist over infraction, grants operational licenses to 48 others
Federal Competition and Consumer Protection Commission (FCCPC) has granted full operational approvals to 48 digital loan companies that previously held conditional approval, bringing the total number of fully licensed digital money lenders in Nigeria to 505. This is also as the…
Ikeja Eectric appoints Onyelucheya Acting CEO, replaces Soetan
Electricity distribution company (DisCo) distribution company in the country, the Ikeja Electric (IE), has appointed Mrs. Ogochukwu Onyelucheya as its Acting Chief Executive Officer (CEO), effective from July 1, 2026. The appointment follows the elevation of outgoing CEO, Mrs. Folake Soetan…
Tinubu signs NIMC Act 2026 into law, as NIN becomes Nigeria’s foundational identity credential
President Bola Tinubu has signed the National Identity Management Commission (NIMC) Act, 2026, into law, as the new legislation repeals and replaces the old NIMC Act of 2007. According to the Presidency, Friday, the new law ushers in a comprehensive…
Despite IMF, Fitch concerns, FG draws $1.5bn first tranche of $5bn Abu Dhabi bank loan
Despite concerns raised by the International Monetary Fund (IMF) and Fitch Ratings, the Federal Government has proceeded to draw the first tranche of a $5 billion loan agreement with the First Abu Dhabi Bank (FAB) worth $1.5 billion. The Nigerian senate…
Nigeria evacuates second batch of 66 returnees, as foreign African nationals scramble to exit S/Africa ahead June 30 deadline
Second batch of Nigerian evacuees from South Africa has returned following recent anti-African immigrant tensions and xenophobic attacks in parts of the southern Africa country. This is also as thousands of mostly southern African nationals appeared stranded as they sought for…
Trump threatens 100% tariff on ‘any country that imposes digital services tax’ on U.S firms
United States President, Donald Trump, Friday, threatened to impose a 100 per cent tariff on all goods from any country that imposes a digital services tax on American companies. The U S President’s warning followed a day after European Union (EU)…
IPMAN decries bearing brunt of petroleum products market volatility
Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have decried bearing the brunt of market volatility in the downstream petroleum sector, even as they berated the frequent products’ pump price fluctuations in the country. IPMAN leadership disclosed this…
