The Securities and Exchange Commission (SEC) has warned the public that it is illegal to use unregistered digital investment platforms, as concerns mount over the rising popularity of such platforms. This renewed stance by the Commission follows social media uproar surrounding the operations of CBEX, a digital asset platform currently under scrutiny for allegedly freezing…
Nigeria has emerged leader in local rice production in Africa, beating countries such as Madagascar, Egypt, Tanzania, Guinea, Mali, Cote d’Ivoire and others. With 8.7million tons, the country had the highest volumes of production last year while Madagascar and Egypt followed with five million tons production respectively totaling a combined 45per cent share of the…
The Rural Electrification Agency (REA), in partnership with the Lagos State government, is set to launch Nigeria’s first floating solar power plant, a landmark project to bridge the energy gap in the state. Unveiled during the Lagos Energy Summit, the initiative is part of a broader collaboration with the REA, culminating in the signing of…
Nigeria’s Power Generation Companies (GenCos) has threatened shutdown of operations due Federal Government’s failure to settle over N4 trillion invoices. This was contained in a press statement the GenCos Board of Trustees (BoT), Chairman, Col Sani Bello (rtd) issued in Abuja. The statement said the GenCos are constrained to issue the press release to “draw…
Nigerian-led energy company, Walcot Group, has signed a Production Sharing Contract (PSC) with the Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG) to operate oil blocks. The agreement followed the company’s successful bid for three oil blocks in a competitive international licensing round, marking a significant step in its mission to expand its footprint…
The Nigerian Gas Association (NGA) said it plans to showcase Nigeria’s gas sector progress, highlight investment-ready opportunities, and promote strategic interests under the “Decade of Gas” initiative at the 29th World Gas Conference (WGC2025), scheduled to take place in Beijing, China from May 19–23. Speaking during a media engagement in Lagos, the NGA President, Akachukwu…
The Lagos State, Glovo and She Code Africa have partnered to empower women in an effort to the state government, through the Ministry of Commerce, Cooperatives, Trade, and Investment, led by Mrs. Folashade Ambrose-Medebem, and the Ministry of Science and Technology, led by Dr. Olatubosun Alake, has celebrated the graduation of 100 women from the…
Minister of Works, David Umahi, has announced the commencement of clearing and dredging for Section Two of the Lagos-Calabar Coastal Highway. He said the process follows existing laws and global best practices, focusing on maintaining pavement levels, protecting shorelines, and incorporating climate-resilient measures. Speaking at a stakeholders’ meeting in Lagos, Umahi stated that the project…
The Nigeria Customs Service (NCS) has generated over N347billion revenue from its Tin-Can Island port in Lagos, in the first quarter of this year. This was disclosed in Lagos on Monday, by the Area Comptroller of Frank Onyeka. According to him, “in January the Command generated N116, 412,735,766.23, which represents 24.06 per cent more than…
