The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled steps for participation in the 2025 Petroleum licensing round. The Commission formally launched the 2025 licensing round on Monday, December 1, 2025, with the official unveiling of its licensing portal. It says activities lined up for the licensing round will come in phases. In a video …
The Supreme Court has struck out a suit filed by the Osun State Government seeking to compel the Federal Government to release withheld allocations due to the state’s 30 Local Government Councils. In a split decision of six to one, the seven-member panel on Friday ruled that the suit lacked merit, holding that the Attorney …
Lagos and Kaduna states have emerged as the top-performing states in the federal government's ease of doing business (EoDB) ranking for 2025. The Director-General of the Presidential Enabling Business Environment Council (PEBEC), Zahrah Audu, stated in a press release on Thursday, December 4. The ranking is based on the council’s 2025 subnational Ease of Doing …
President Bola Tinubu on Thursday administered the oath of office to former Chief of Defence Staff, General Christopher Musa (rtd), as the new Minister of Defence. The brief ceremony took place at the State House, Abuja, a day after the Senate confirmed his nomination following a five-hour screening session. General Musa’s appointment follows the resignation …
The Federal High Court in Abuja has fixed December 8 for the hearing of an ex parte motion filed by Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), seeking his transfer from the Sokoto Correctional Centre. Justice James Omotosho set the date after refusing to recognise the appearance of Kanu’s younger brother, …
The Securities and Exchange Commission (SEC) has flagged Glorious Wealth Fund (GWF) as a fraudulent and unlicensed online investment platform. The commission raised the alarm in a statement on Thursday, December 4, warning Nigerians against transacting with the platform. “The attention of the Securities and Exchange Commission (SEC) Nigeria has been drawn to the activities …
Dollar General (DG.N) raised its annual profit forecast after posting third-quarter earnings that beat analyst estimates, fueled by resilient demand at its discount stores and successful efforts to cut costs and manage inventory. Shares rose about 5% premarket, adding to a 45% gain so far this year, as the company also increased its full-year comparable …
A majority of economists are betting the U.S. Federal Reserve will reduce its key interest rate by a quarter percentage point at the December 9–10 policy meeting, even as divisions persist among policymakers over whether the world’s largest economy truly needs further easing. According to a Reuters poll of 108 economists conducted from November 28 …
Nigeria has historically faced significant lapses in population data collection, including underreporting, poor record-keeping, and inconsistent methodologies. These gaps have hindered effective decision-making and skewed national statistics, affecting planning for housing, education, healthcare, and employment. As Dr. Aminu Yusuf officially assumes office as Chairman of the National Population Commission (NPC), following his swearing-in by President …
President of Dangote Group, Alhaji Aliko Dangote, has once again restated his call on African entrepreneurs to think of bringing their investments home. Dangote, who spoke at the Imo State Economic Summit 2025 on Thursday, argued that domestic investments attract foreign investments. “One advice that I have is that most of our own entrepreneurs please …
