FCCPC Warns Marketers Against Delaying Petrol Price Cuts
By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has warned fuel marketers against delaying reductions in petrol prices, saying it will investigate and sanction businesses found exploiting consumersThe Federal Competition and Consumer Protection Commission (FCCPC) has warned fuel marketers against delaying reductions in petrol prices, saying it will investigate and sanction businesses […]
NSIA Unveils $275,000 Innovation Fund for Nigerian Startups
By Oluwakemi Kindness The Nigeria Sovereign Investment Authority (NSIA) has launched the fourth edition of its Prize for Innovation (NPI 4.0), unveiling a $275,000 prize pool and access to up to $1.5 million in growth funding to support high-potential Nigerian startups. The initiative, themed “Building for Impact,” is designed to help innovative businesses scale through […]
NSITF, Rand Mutual Partner on Workers’ Protection
By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) and South Africa’s Rand Mutual Assurance (RMA) have commenced discussions on a strategic partnership aimed at strengthening social protection systems, workers’ compensation administration, and occupational safety across Africa. Speaking on Tuesday while hosting a high-level delegation from RMA led by its Group Chief Executive Officer, […]
Dangote Refinery Denies Fuel Export, Re-Import Claims
By Mardiyyah Abubakar Dangote Petroleum Refinery and Petrochemicals has dismissed claims that its petroleum products are exported to Lomé and later re-imported into Nigeria. In a statement, the company described the allegation as misleading and unsupported by facts, trade data, or commercial realities. Although the refinery said it does not usually respond to baseless claims, […]
SEC Bans IPO Marketing for Dangote Refinery Offer
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has warned investors against a purported Initial Public Offering (IPO) involving Dangote Petroleum Refinery & Petrochemicals FZE, declaring that no such offer has been filed with or approved by the regulator. In a public notice issued on Tuesday, the Commission said it uncovered a wave of […]
Agama, Rwanda Signs Deal to Boost African Market Integration
By Oluwakemi Kindness Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called for deeper integration of African capital markets, urging countries across the continent to strengthen collaboration, drive cross-border investments, and unlock Africa’s economic potential through a unified financial ecosystem. He made the call came as SEC Nigeria and Rwanda’s Capital […]
NCC, CAC Tighten Control Over Telecom Ownership Changes
By Oluwakemi kindness The Nigerian Communications Commission, NCC, and the Corporate Affairs Commission, CAC, have introduced stricter regulations governing ownership changes in telecommunications companies operating in Nigeria. Under the new directive, any transfer of ownership involving ten percent or more of the shares in a licensed telecommunications company must first receive a Letter of No […]
PETROAN Explains Delay in Petrol Price Cuts
By Jumoke Abubakar The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has explained why recent reductions in petrol prices at the depot level have yet to reflect at filling stations nationwide. Speaking o during an interview on Wednesday, PETROAN President Billy Gillis-Harry said retail fuel prices depend on several factors, including supply availability, […]
PenCom, NURTW Launch Pension Plan for Transport Workers
By Oluwakemi Kindness The National Pension Commission (PenCom) and the National Union of Road Transport Workers (NURTW) have begun discussions on a landmark partnership that could bring an estimated nine million transport workers into Nigeria’s Contributory Pension Scheme (CPS) through the Personal Pension Plan (PPP). The initiative was unveiled during a courtesy visit by NURTW […]
Customs, American Business Council Expand Trade Cooperation
By Oluwakemi Kindness The Nigeria Customs Service (NCS) and the American Business Council (ABC) have reaffirmed their commitment to deepening trade relations and addressing challenges affecting business operations through sustained engagement between the public and private sectors. A statement on Wednesday by Customs spokesperson, Abdulahi Maiwada says the resolution was reached during the quarterly Customs–ABC […]