The Federal Government has announced new restrictions on shoreline approvals and extensions in Banana Island, limiting them to pre-approved boundaries. However, This decision share on Friday via the official website of the Ministry of Housing and Urban Development. Key Details of the Announcement The ministry explained that the decision followed recommendations from a tripartite inter-ministerial…
Awabah officially licensed by the National Pension Commission (PenCom) as the first Accredited Pension Agent (APA) to enroll contributors under the Personal Pension Plan (PPP). PenCom announced this milestone on its official X account (formerly Twitter) on Friday, February 6, 2026. This achievement marks a significant step in expanding pension coverage for self-employed individuals and…
The Federal Government has introduced a new online platform, the Happy Woman App. To promote greater economic inclusion for women in Nigeria. According to a statement from the Presidency, the app provides a secure digital space. It’s designed to connect women with financial resources, skills development opportunities, markets, essential services, and government support. However, The launch…
Bayo Ojulari, who is the group chief executive officer of the Nigerian National Petroleum Company Limited, addressed industry leaders at the Nigeria International Energy Summit in Abuja. He explained the persistent failures of Nigeria’s refineries during a fireside chat. Ojulari stated, “The reason our refineries have not worked is that we are focused on the…
Cardtonic has introduced a tokenized, NFC-enabled Platinum virtual card. This card allows users to make both online and in-store tap-to-pay transactions. Via Apple Pay or Google Pay, bridging the gap between virtual cards and everyday physical spending. Cardtonic, a leading provider of virtual dollar cards, has launched a new feature allowing users to create a Platinum virtual card. This…
In 2025, oil-producing states and major commercial centers once again topped the list of Federation Account Allocation Committee (FAAC) payments. Lagos, Delta, and Rivers led in gross receipts. These figures are based on FAAC data from all 36 states, covering statutory allocations, derivation revenue, VAT, and other federally shared inflows, regardless of the transaction period….
The Bank of Mexico held its benchmark interest rate at 7 percent. This decision ended a series of 12 consecutive cuts that began in March 2024. The unanimous vote marked the first pause in nearly two years. Historical Easing Cycle The central bank, known as Banxico, started reducing rates from a high of 11.25 percent….
Dangote Petroleum Refinery issued a warning that reliance on coastal logistics for fuel distribution could increase petrol prices significantly. The refinery released a statement on February 5, 2026, highlighting potential added costs. “In our opinion, coastal logistics can add approximately N75 per litre to the cost of petrol, which, if passed on to consumers, would…
Nigeria requires about N36 billion to scale up honey production and commercialize apiculture, according to industry experts. Mr. Niyi Adeyemo, the Africa Director-General of the Youth for Agricultural Initiatives (YFAI), shared this insight. During an interview with the News Agency of Nigeria (NAN) in Lagos on Thursday. He noted that while awareness of beekeeping is…
Robert Orya, a former Managing Director of the Nigerian Export-Import Bank (NEXIM) has combined guilty of committing a defraud amounting to approximately N2.4 billion by the Federal Capital Territory High Court. The Economic and Financial Crimes Commission (EFCC) confirmed this on February 5, 2026. The belief underscores the continuous attempts by the government to prosecute…
