The Lagos State chapter of the All Progressives Congress has backed President Bola Tinubu over his assent to the Electoral Act 2026 (Amendment), dismissing criticisms from opposition figures as noise driven by sentiment rather than substance. In a statement issued on Thursday, the party’s Publicity Secretary, Seye Oladejo, described reactions to the amendment as “orchestrated …
In a major move to centralise national earnings, President Bola Tinubu has signed an Executive Order that effectively strips the Nigerian National Petroleum Company Limited (NNPC) of the power to withhold significant portions of oil and gas revenues before they reach the Federation Account. The Executive Order, signed on February 13, and officially gazetted and …
Generation Companies (GenCos) has debunked a claim by the Nigeria Labour Congress (NLC) that the proposed measure by the Federal Government to settle power sector debts amounts to "political settlement.” GenCos said NLC’s allegation is a misrepresentation of facts. Pinnacle Daily reports that NLC recently criticised the ongoing arrangement by the Federal Government to pay …
The proposed merger between Unity Bank Plc and Providus Bank Limited has moved closer to completion, with integration efforts progressing steadily and key regulatory milestones already secured. This was contained in a statement on Wednesday. It follows a Court-Ordered Meeting where shareholders overwhelmingly endorsed the transaction, reaffirming confidence in the combination. According to the Managing …
Africa's richest man and President of the Dangote Group, Aliko Dangote, has called on the Nigerian government to take necessary steps towards addressing longstanding power sector challenges, warning that the country’s quest for industrial development will remain a mirage with persisting unstable electricity supply. Speaking at the launch of the Nigeria Industrial Policy (NIP) 2025 in …
The Federal Airports Authority of Nigeria (FAAN) has announced a total ban on all cash transactions at airports nationwide, effective February 28, 2026. The directive was contained in an internal memo signed by the Managing Director and Chief Executive, Mrs Olubunmi Kuku. This move is in compliance with the federal government’s mandate to transition all …
The Federal government has said it will undertake a comprehensive review of MTN Group’s $6.2 billion acquisition of IHS Holding Limited. The Minister of Communications, Innovation and Digital Economy, 'Bosun Tijani, disclosed this in a statement on Tuesday. He noted that the assessment would be conducted in collaboration with relevant regulatory authorities to determine its …
The Nigeria Revenue Service (NRS) has fixed January 2028 as the deadline for the full transition to mandatory electronic invoicing. The move, the agency says, will transform tax administration through real-time transparency, reduced fraud and improved economic planning. Project Manager for the e-invoicing implementation, Mohammed Bawa, made this known on Tuesday at a stakeholders’ workshop …
The Corporate Affairs Commission (CAC) has removed more than 400,000 inactive companies from Nigeria’s corporate register in 2025, marking the largest clean-up exercise in its history. The Registrar-General of the Commission, Hussaini Magaji, disclosed the development in Abuja during activities marking the agency’s 35th anniversary. He explained that most of the affected entities had failed …
Opposition lawmakers on Tuesday staged a walkout from the House of Representatives following the adoption of the Senate’s version of the Electoral Act amendment bill on electronic transmission of election results. The protest occurred during plenary as the House considered and approved the position earlier passed by the Senate on the contentious issue of e-transmission. …
