The Naira weekly Forecast state that Naira will quote within a range of N1,350 to N1,420 versus the US dollar by the end of this week in the official market. In the past seven days, Naira has been appreciating approximately 2%. And it is at N1,390/1 at the beginning of this month, but is still…
The National Drug Law Enforcement Agency (NDLEA) has intensified its efforts to combat illegal drug production and trafficking. Recently, the agency arrested a suspected drug kingpin linked to a synthetic Colorado cannabis lab in Oyo State. This operation also led to significant drug seizures across multiple states. According to a statement by NDLEA’s Director of…
The Lagos State Government has shut down the Ladipo Spare Parts Market. Which is located along the Murtala Muhammed International Airport Road on the Apapa-Oshodi Expressway. This action follows repeated violations of environmental regulations. Tokunbo Wahab, the Commissioner for the Environment and Water Resources, announced the closure in a post shared on X (formerly Twitter)…
Banks in Nigeria have started releasing their fourth-quarter (Q4) earnings reports. With some opting to publish unaudited results within the 30-day interim filing period allowed by the Nigerian Exchange (NGX). Others are preparing to utilize the 60-day window for submitting audited financial statements, as per NGX regulations. So far, FCMB Group Plc, First Bank Holdings…
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….
