The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has accused wholesalers and retailers of charging non-cost reflective prices, pushing liquefied petroleum gas (LPG) prices as high as N2,100 per kilogram despite significantly lower indicative prices issued by the regulator. The authority disclosed this in a presentation delivered by its Chief Executive Officer (CEO) Rabiu…
The Federal Airports Authority of Nigeria (FAAN) has justified its decision to increase operational tariff for airport cab operators and enforce vehicle upgrade requirements, saying the measures are necessary to improve passenger experience and maintain service standards at Nigerian airports. It also set a timeline for its vehicle upgrade policy which it said remained sacrosanct…
Smartphones shipments to Nigeria and other parts of Africa declined 12 per cent year-on-year (YoY) in the first quarter (Q1) of this year, according to Counterpoint Research’s Market Monitor Service. Although the region sees a high number of events in the period under review, such as the reopening of schools, Valentine’s Day, Mother’s Day, and…
The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have introduced a new compliance requirement for ownership of telecom companies. The directive mandates prior approval for significant ownership changes in telcos operating in Nigeria. The agencies, in a joint statement signed by NCC Director of Public Affairs, Mrs Nnenna Ukoha and CAC Head…
The Nigeria Customs Service (NCS) and BAT Nigeria (BATN) have signed a Memorandum of Understanding (MoU) aimed at deepening collaboration in the fight against smuggling, enhancing regulatory compliance, and protecting legitimate investments. Illicit trade remains a major challenge globally, undermining government revenues, distorting markets, weakening regulatory frameworks and creating unfair competition for compliant businesses. In…
By Elijah Daniel For decades, the design logic of industrial operations has remained largely unchanged. Information belongs in the control room. The operator sits behind a workstation with real-time data. The field worker goes out with a paper checklist and takes notes by hand. Somewhere between those two realities, a disconnect exists. The person seeing…
The deployment of Artificial Intelligence (AI) will enhance financial clarity, operational efficiency, and business decision-making across sectors, experts in fintech, AI, and digital commerce have said. Speaking during a panel session titled: “The Next Frontier: AI & Automation” at Glovo’s Future of Commerce Summit 2.0, held at the Landmark Events Centre in Victoria Island, Lagos,…
Thirty-five arts and culture journalists from across Nigeria recently gathered at the Yemisi Shyllon Museum of Art (YSMA), Pan-Atlantic University, for a two-day international workshop designed to strengthen arts journalism, cultural communication, and media engagement within Nigeria’s growing creative ecosystem. The workshop, titled: New Narratives and Singular Communication in Arts Journalism: The Museo del Prado…
VeendHQ says its AI-powered credit platform, Vida AI, helped recover ₦69 million from a ₦172.5 million portfolio of loans that were more than 90 days overdue in a pilot that highlights the growing role of technology in loan recovery and portfolio management. The result comes at a time when lenders are under increasing pressure to…
