The Central Securities Clearing System Plc (CSCS) has cut selected fees and scrapped others in a fresh move to reduce transaction costs, deepen retail investor participation and improve liquidity in Nigeria’s capital market. The revised pricing framework, announced on Wednesday, halves lien fees for retail investors, removes charges for qualifying securities transfers between immediate family …
Former Vice-President Atiku Abubakar has criticised the student loan scheme introduced by President Bola Tinubu’s administration, describing loans as liabilities rather than a solution to the rising cost of education. Atiku promised to reduce the cost of education and introduce debt forgiveness for qualifying student borrowers if elected president in 2027. His position was contained …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the Federal Government retains the $300 helicopter levy for air navigational services. In a circular signed by the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, the NUPRC confirmed that the $300 helicopter levy remains payable to the Nigerian Airspace Management Agency (NAMA). The Commission said the …
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has warned that Nigeria risks allowing external actors to manipulate critical aspects of its economy and society if it fails to develop control over Artificial Intelligence (AI) systems and infrastructure. Inuwa raised the concern at the opening of the 2026 Gulf Information Technology …
The Federal Government of Nigeria has called on the United Nations to introduce reforms that will protect national sovereignty in disputes between investors and states, saying the existing international arbitration framework must be reviewed to achieve greater fairness and predictability. The Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), made …
Nasarawa State Governor Abdullahi Sule has ordered an immediate investigation and arrest of health workers responsible for the diversion and sale of hospital equipment donated to a health facility in the Umaisha Development Area of the state. Sule gave the directive on Wednesday during the swearing-in of eight commissioners, special advisers, permanent secretaries and board …
Human rights lawyer and senior advocate of Nigeria, Femi Falana, has criticised the Nigerian Bar Association (NBA) over its decision to invite former Liberian President George Weah to its annual conference. Falana said the NBA should be more careful about inviting African leaders whom he accused of failing to respect democratic principles and the rule …
The administration of United States President Donald Trump has suspended immigrant visa appointments at US embassies and consulates worldwide. The suspension, which began earlier this month, is linked to new screening requirements aimed at determining whether visa applicants are likely to depend on public benefits in the US. A US State Department official said the …
Dangote Petroleum Refinery and Petrochemicals has increased the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to ₦1,200 per litre from ₦1,185 sold previously. According to a notice sent to marketers on Tuesday, August 25, the revised petrol price takes effect from Wednesday, August 26, 2026. Apart from the gantry price increase …
President orders immediate coordinated operation, declares attackers "enemies of humanity" President Bola Tinubu has ordered a full-scale military and intelligence deployment to rescue victims of a mass abduction in Niger State, declaring that the perpetrators will face the full wrath of the law. In a strongly-worded statement issued on Tuesday via his X handle, …
