President Bola Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests followed the sudden resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials …
FCMB Pensions Limited has announced that it has disbursed over N200 billion to Retirement Savings Account (RSA) holders, while its Assets Under Management (AUM) have surpassed the N1 trillion mark. Speaking to journalists on Monday during a sensitisation walk marking the 20th anniversary of the Pension Fund Administrator (PFA), the Managing Director/Chief Executive Officer of …
Tax MoU: The Only Mistake France Made Was Codifying Our Requests for Assistance – Oyedele The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Professor Taiwo Oyedele, has stated that the only error committed by France in the landmark Memorandum of Understanding (MoU) aimed at strengthening bilateral cooperation and advancing the digital transformation …
In the first three quarters of 2025, the Nigerian Exchange (NGX) has shown remarkable resilience, marked by an overall positive performance despite challenges posed by global economic uncertainties and local inflationary pressures. The NGX All-Share Index recorded a notable growth of 8.5% year-to-date, reflecting strong earnings reports from key sectors, including telecommunications, banking, and energy. …
Nigeria’s total merchandise trade surged to N38.9 trillion in Q3 2025, according to fresh data from the National Bureau of Statistics. This figure marks a significant milestone in the country’s post-pandemic economic recalibration and underscores the resilience of Africa’s largest economy amid ongoing structural reforms. The latest trade value represents an 8.71% increase from the …
PZ Cussons has announced that it is retaining its Africa business and setting out ambitious growth plans for it as part of a wider Group strategy balanced between developed and emerging markets. Recall that in April 2024, PZ Cussons had announced plans to conduct a strategic review of its Africa operations. As part of the …
Aliko Dangote, the President of Dangote Industries Limited, has unveiled a landmark plan to list a 10% stake in his $20 billion refinery on the Nigerian Exchange (NGX) in 2026. Dangote further announced that the company is currently in discussions with market regulators to facilitate future dividend payouts in US dollars, offering a hedge against …
As Africa’s political and regulatory dynamics continue to evolve, businesses and investors must strategically navigate the continent’s complexities to seize opportunities in 2026. From shifting governance to regulatory transitions, understanding the political landscape is crucial for success. According to Adjoa Adjei-Twum, President & CEO of EBII Group Corp, "Africa’s political environment remains central to investment …
For many Nigerians, gold has always been a symbol of wealth, beauty and tradition. But in 2025, it is becoming much more than that; it is now rising as one of the most preferred alternative investment assets for Nigerians looking to protect their money from inflation, currency weakness and economic uncertainty. Global data from the …
President Bola Tinubu has submitted the names of 32 ambassadorial nominees to the Senate for confirmation, following the submission of the first batch of three names. Among them are the former chairman of the Independent National Electoral Commission, Mahmud Yakubu, an aide to former President Goodluck Jonathan, Reno Omokri (Delta), and former Enugu State Governor, …
