The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that the proposed implementation of the 15 per cent of valorem import duty on imported petroleum products (petrol and diesel) is no longer going to be implemented. The regulator advised members of the public to eschew panic-buying as the nation had enough petrol in…
The Federal Government officially launched the Nigeria Talent Accelerator Network, a game-changing initiative aimed at strengthening the nation’s workforce capabilities, addressing critical productivity gaps, accelerating digital transformation, and preparing Nigeria’s workforce for the future of work. The initiative is part of the World Economic Forum’s Reskilling Revolution in Nigeria, co-chaired by the Federal Ministry of…
The telecom industry maintained strong performance through the third quarter (Q3) of 2025, with active voice subscriptions rising to 173.54 million in September, from 171.57 million it was in August, latest industry stats from the Nigerian Communications Commission (NCC) has shown. The data also showed that teledensity, which represents the number of active telephone lines…
The Federal Government has announced plans to make the National Housing Data Centre (NHDC) fully operational by December 2025, in a move expected to transform Nigeria’s housing and real estate policy landscape through accurate and evidence-based data. Coordinated by the Federal Ministry of Housing and Urban Development (FMHUD), the initiative aims to harmonise housing statistics…
The Apapa Area Command, Nigeria Customs Service (NCS), has generated N2.4 trillion between January and October 2025, surpassing its total collection for the entire year of 2024 two months ahead of schedule. According to a statement signed by the Command’s Public Relations Officer, Superintendent of Customs Tunde Ayagbalo, the Command also achieved a N304 billion…
Telcom sector regulator, the Nigerian Communications Commission (NCC) is transforming rural connectivity from a social challenge into an economic opportunity through a data-led, partnership-driven plan designed to narrow the country’s widening digital divide and accelerate inclusive growth. According to the Universal Service Provision Fund (USPF), the most recent study conducted in 2024 showed that the…
TotalEnergies CEO Patrick Pouyanne said on Monday that Chinese oil demand growth has slowed since 2020 as the country shifts toward greener energy sources. “Chinese demand was really strong but the engine has slowed down,” Pouyanne stated, noting that the Chinese economy is “moving toward needing less oil.” Despite the slowdown in China, Pouyanne expressed…
LPV Technologies’ locally manufactured solar panels have earned the prestigious TÜV SÜD certification, meeting the rigorous International Electrotechnical Commission (IEC) standards, marking a significant boost to the nation’s renewable energy sector. The company said in a statement yesterday that the milestone not only affirms the quality of LPVT’s solar modules but also signals a new…
Nigeria’s sovereign bonds slipped on Monday after U.S. President Donald Trump threatened military action in the country if it did not take action to protect Christians, but veteran investors said the fallout was likely to be limited. According to Reuters, longer-dated bonds fell the most, with the 2051 issue falling roughly 0.5 cents before retracing…
