The chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has confirmed that the recent fuel shortages experienced in the country were due to logistics disruptions caused by severe ...

Minister of finance and coordinating minister of the economy, Wale Edun has urged the new management of Securities and Exchange Commission (SEC) to focus on crypto areas and develop a master plan “for proper implementation by ensuring that they are r ...

In a concerted effort to address widespread complaints about data depletion, Nigeria’s Mobile Network Operators (MNOs) have collaboratively launched a consumer sensitisation campaign aimed at providing practical guidance for more effective data m ...

The federal government’s 64.5 per cent of its total revenue in 2023 servicing debts, analysis of data from the Budget Office has shown. Actual debt service cost was N7.66 trillion in 2023, a 16.9 per cent rise from the projected N6.56 trillion. ...

The nation’s pension fund assets rose from N19.75 trillion in April to N20.2 trillion in May 2024, rising by about N470 within one month, LEADERSHIP learnt. Available data dated July 3, 2024 and sourced from the National Pension Commission(PenCom) ...

Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL, “NNPCL/CNL JV, has said it has plans to further grow its business space in Nigeria’s Oil and gas industry. The co ...

Nigeria has the potential to produce about 1.15 million vehicles per year, thereby unlocking vast employment opportunities and significantly boosting the nation’s Gross Domestic Product (GDP), says stakeholders in the Nigerian automobile industry. ...

Shareholders of NEM Insurance Plc were rewarded for their loyalty as the insurer paid a dividend of 60 kobo per N1 ordinary shares, amounting to N3 billion total dividend in its 2023 financial year. Addressing shareholders at the firm’s 54th Annua ...

The Central Bank of Nigeria (CBN) has warned banks in the country against rejecting dirty and mutilated Naira notes, saying it will effectively sanction any bank that is found guilty of rejecting the banknotes. In a circular dated June 28, 2024, s ...

Ikeja Electric, IE, said it has adjusted its tariff following an order from the Nigerian Electricity Regulatory Commission, (NERC). This is as the tariff for Band A customers of Kaduna Electric have been reviewed upward from N206.80/kWh to N2 ...