The Dangote Petroleum Refinery has taken the Federal Government to court over fresh fuel import licences issued to oil marketing companies in the country. Despite the refinery’s condemnation and rising domestic refining capacity, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, issued fresh fuel import licences to major petroleum marketers in 2026. Industry data…
The Nigeria Data Protection Commission (NDPC) has signed separate Memoranda of Understanding (MoUs) with the Bureau of Public Procurement (BPP) and the Nigeria Governors’ Forum (NGF) to strengthen data protection and privacy across Nigeria’s public sector and subnational institutions. Speaking during the signing of the MoU with the Bureau of Public Procurement, the National Commissioner/CEO…
The Monetary Policy Committee (MPC) said rising political spending and foreign exchange (forex) demand pressures associated with the 2027 elections will test the resilience of Nigeria’s economy. Members of the Central Bank of Nigeria (CBN)-led MPC, in their personal notes at the last MPC meeting released on Thursday including Aloysius Ordu, Bandele Amoo, Lamido Yuguda,…
Smarting from its successful collaboration with the Central Bank of Nigeria (CBN) and launch of the launch of Telecommunications Identity Risk Management System (TIRMS) to track, verify, and mitigate risks associated with subscriber identity module (SIM) card fraud, number recycling, and other identity-related abuses, the Executive Vice Chairman/CEO, NCC, Dr Aminu Maida, said the Commission…
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Jani Ibrahim, has appealed to government stakeholders in Nigeria and China to accelerate the frameworks for the establishment of direct flights between Nigeria and China. The NACCIMA President said this will significantly reduce travel time and ease the stress…
Perception has been identified as the problem of the country, not necessarily the absence of good policies that would drive economic growth. A group, PressPayNG , stressed the need to manage perception because when it is left unmanaged, it will snowball into conflict. Speaking at a forum that assembled over 200 Nigerian students across the…
The Federal Government has called on Nigerians to embrace skills acquisition and vocational empowerment, commending First Bank of Nigeria Limited (FirstBank) for its sustained investment in youth- and women-focused capacity development initiatives across the country. The Federal Government explained through Ministry of Women Affairs and Social Development, alongside key stakeholders in the education, financial and…
Francophone Africa and Nigeria’s constant currency growth has lifted Airtel Africa’s profit after tax to $813million, an improvement from $328million in the prior period. Higher profit after tax in the current period was driven by higher operating profit and derivative and foreign exchange gains of $127million compared to $179million derivative and foreign exchange losses in…
Refiant AI, an AI/ML company that compresses frontier models to run at up to 100x lower compute and energy cost, has partnered the Sargent Centre for Process Systems Engineering, a joint research centre between Imperial College London and University College London.The move represents a major step for Refiant AI, which announced its first funding round…
