United Republic of Tanzania has thrown its weight behind Nigeria’s bid for election into Category C of the International Maritime Organization (IMO) Council, citing strong bilateral relations and Nigeria’s past support as key factors. This declaration was made during a courtesy visit by the Tanzanian High Commissioner to Nigeria, His Excellency Selestine Gervas Kakele, to…
Seplat Energy PLC has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167 trillion for the period from N575.1 billion reported same period last year. Its gross profit soared to N751.2 billion from N247.5 billion Year-on-Year. Cash generated from its operations for the period grew to N1.188…
The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company (PHRC), reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. Its Group Chief Executive Officer (GCEO), Bayo Ojulari, announced this at a company-wide town hall meeting at the NNPC Towers, Abuja. NNPCL made…
The National Insurance Commission (NAICOM) has rolled out operational guidelines for Insurtech businesses in Nigeria. This is a step toward regulating and expanding digital innovation in the insurance sector. The move which came after a series of stakeholder engagements NAICOM said is aimed at creating a unified regulatory environment for emerging insurance technology players. According…
The African Development Bank (AfDB) has committed $1.2million grant to kick start the Nigeria Battery Energy Storage System Feasibility Study. Its Country Office Director-General, Dr Abdul Kamara disclosed this during the inaugural/inception workshop of the feasibility study in Abuja. Represented by the Chief Engineer, AfDB Nigeria Country Office, Engr. Chigoziri Egeruoh, Director-General said: “This is…
The Federal Ministry of Justice and the Nigerian Communications Commission (NCC) have stressed the need for synergy to address the problems confronting the telecom sector that have led to investment drought. Attorney-General of the Federation and Minister of Justice, Lateef O. Fagbemi, SAN and the Executive Vice Chairman/CEO of NCC, Dr Aminu Maida underscored this…
The Federal Inland Revenue Service (FIRS) said it has stopped the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-governmental organisations (NGOs), and entities operating in free trade zones. In a public notice issued by FIRS, the tax authority said the decision is part of ongoing efforts to ensure…
The Federal Government has formally unveiled YouthCred, a national credit scheme targeted at providing affordable consumer credit to 400,000 young Nigerians, including members of the National Youth Service Corps (NYSC). The initiative, which is managed by the Nigerian Consumer Credit Corporation (CREDICORP), began disbursing credit on a rolling basis and has already reached its 1,000th…
By Aliyu Gaya One exceptionally commendable fact about the Bola Tinubu presidency is that it is not lacking in ambition and audacity. Courage defines the leader and Tinubu has it in good measure. Think about this: Tinubu wants to grow Nigeria’s net worth to a $1 trillion economy by 2030. While this shows ambition, it…
