UBA Names Nnorom Chairman as Elumelu Retires
By Mardiyyah Abubakar United Bank for Africa (UBA) has named Emmanuel Nnorom as its new Group Chairman following the retirement of Tony Elumelu from the bank’s Board of Directors. Elumelu will officially step down on August 21, 2026, after completing the 12-year tenure limit for non-executive directors set by the Central Bank of Nigeria. The […]
Tinubu Orders Probe of Big Techs Over Media Content Rights
By Oluwakemi Kindness President Bola Tinubu has directed the Federal Competition and Consumer Protection Commission (FCCPC) to investigate major global technology companies and Generative Artificial Intelligence (AI) platforms over allegations of anti-competitive practices and the unauthorised use of Nigerian media content. The directive follows a petition submitted by the Nigerian Press Organisation (NPO), comprising the […]
Dangote Refinery Emerges Europe’s Top Jet Fuel Supplier
By Mardiyyah Abubakar Nigeria’s Dangote Petroleum Refinery exported approximately 466,000 metric tonnes of aviation fuel to Europe in June 2026, surpassing the United States and other traditional suppliers to become the continent’s leading source of jet fuel during the month. The volume, estimated at 582.5 million litres, is valued at roughly ₦757 billion, based on […]
SEC Clears 7 Fintech Firms for Regulatory Sandbox
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has admitted seven fintech and digital asset companies into its Accelerated Regulatory Incubation Programme (ARIP), granting them Approval-in-Principle to operate within its regulatory sandbox framework. In a statement issued on Friday, the Commission says the move reflects its commitment to promoting financial innovation while ensuring investor […]
SMEDAN Launches Solar, Growth Drive for MSMEs in Kano
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a clean energy and enterprise development programme aimed at reducing production costs and boosting competitiveness among MSME clusters in Kano State. The initiative, implemented under SMEDAN’s Enterprise Cluster Development (ECD) programme, will deploy solar energy solutions to selected business clusters […]
Dangote Targets 2.1m Barrels Daily Refining Accross Africa
By Zainab Bakare Dangote Industries Limited has announced plans to increase its combined refining capacity to 2.1 million barrels per day across Nigeria and Kenya as part of its long-term expansion strategy in Africa. The company’s Group Vice President for Oil and Gas, Devakumar Edwin, disclosed the plan during a visit by officials of the […]
IPMAN Warns Against Petrol Price Controls, Threatens Shutdown
By Chinedu Echianu Fuel marketers under the umbrella of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have threatened to shut down filling stations nationwide if the Federal Government attempts to impose price controls on petrol in the deregulated downstream sector. The warning comes amid renewed concerns by the Federal Government and consumer protection authorities […]
Diesel Price Jumps 86% in One Year, Hits N3,277/Litre – NBS
By Oluwakemi Kindness The National Bureau of Statistics (NBS) says Nigerians faced mounting energy costs in May as the average retail price of diesel surged by 86.4 per cent year-on-year to N3,277.47 per litre, the highest increase recorded among the country’s major petroleum products. The NBS latest Price Watch report on Monday showed that diesel, […]
Customs to Implement Green Tax Surcharge July 1
By Oluwakemi Kindness The Nigeria Customs Service (NCS) will begin nationwide implementation of the Green Tax Surcharge on July 1, 2026, as part of efforts to promote environmental sustainability and reform Nigeria’s vehicle import system. The policy is aimed at reducing carbon emissions, encouraging the importation of cleaner vehicles and aligning Nigeria’s environmental practices with […]
SMEDAN DG urges governors to boost MSMEs
By Oluwakemi Kindness Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii, has urged state governors to establish more MSME development and skill acquisition centres and provide matching funds to accelerate the growth of small businesses across the country. Speaking at the 2026 World MSME Day celebration in Abuja at […]