Business

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged Nigerians to remain calm and refrain from panic buying of petroleum products, assuring that there is “adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold during this peak demand period.” NMDPRA gave the assurance in a statement shared on its X on Thursday and…

…unveils new sugar pack sizes, as LCCI lauds Dangote partnership The Pan-African Conglomerate, Dangote Industries Limited (DIL) has reaffirmed its unwavering commitment to driving the industrialization of Nigeria and the African continent at large. The company then pledged to persist in its transformative efforts and maintain a leadership role in advancing sustainable economic growth across the region. This position was…

Founder and Chief Executive Officer of Nigerian auto manufacturer Nord Automobiles, Oluwatobi Ajayi, has accused Stanbic IBTC Bank of unilaterally debiting N700 million from the company’s account without prior notice or a court order. The allegation, which Ajayi described as “unbelievably unethical,” is part of a broader concern over institutional bias against locally manufactured vehicles. Ajayi made the claims in…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has called on Nigerian youth to take the lead in driving Africa’s digital transformation, stressing that the country’s young population holds the key to a prosperous and inclusive future. Speaking at the opening of the 2025 Digital Nigeria International Conference and Exhibition held at the Bola Ahmed…

The National Commissioner of the Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, has called on stakeholders in the digital economy to collaborate in unlocking Nigeria’s vast potential in the global technology space. Delivering a goodwill message on behalf of all Chief Executive Officers of agencies under the Ministry of Communications, Innovation and Digital Economy at the opening of the…

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has reaffirmed the Federal Government’s commitment to building a sustainable, inclusive, and globally competitive digital economy, urging stakeholders across sectors to work collaboratively toward achieving Nigeria’s digital transformation goals. Delivering the keynote address at the Digital Nigeria International Conference and Exhibition 2025 in Abuja, Dr. Tijani described the annual…

 The Nigerian equities market depreciated by N4.6 trillion on Tuesday as investors profit-taking momentum continue to wash away investors return inn November 2025. The local market has seen downwarrd trend this month as investors traded with caution amid President Donald Trump threatening military action over the continued killing of  Christians by Islamist militants in the country. Investors’ profit-taking in fundamental…

By Kunle Sanni – The Presidency is considering a major restructuring of asset ownership in the Nigerian National Petroleum Company Limited (NNPC Ltd.) following concerns about the firm’s low contribution to the country’s crude oil output. According to a report by The Punch newspaper, the Special Adviser to the President on Energy, Olu Verheijen, disclosed this on Monday at the…

…commits to growing SMEs for global Impact United Bank for Africa (UBA) Plc has reiterated its commitment towards supporting the growth of Small and Medium Scale businesses for global impact, as it headlines the sponsorship of the Lagos International Trade Fair (LITF) for the seventh consecutive year. Organised by the Lagos Chamber of Commerce and Industry (LCCI), this year’s trade…

The Nigeria Inter-Bank Settlement System Plc (NIBSS) said it has completed the first live transaction on the national payment stack (NPS). On June 17, 2025, the NIBSS unveiled the national payment stack — a next-generation payment infrastructure designed to transform Nigeria’s instant payment ecosystem and redefine the future of digital transactions. The NPS is expected to replace the current NIBSS…