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Dangote Petroleum Refinery has commenced free delivery of Premium Motor Spirit (PMS), popularly known as petrol, to six states across Nigeria and the Federal Capital Territory, Abuja. The refinery said the initiative is aimed at improving fuel distribution and ensuring easier access to petrol in the affected locations. Despite the free delivery service, the refinery
The Central Bank of Nigeria (CBN) has warned members of the public, businesses, and financial institutions against rejecting the standard N100 banknote, reaffirming that it remains legal tender across the country. The apex bank stressed that all standard N100 notes issued by the CBN are valid for transactions and should be accepted without discrimination. The
Human rights lawyer Chetam Nwala has expressed concern over the slow pace of the Rivers State Government’s Blue Economy project. He criticised the abandonment of the four-kilometre road project linking Ngo Junction to the Atlantic Ocean, saying its completion would have boosted economic activities and development in the area. Nwala also urged the state government
The Securities and Exchange Commission (SEC) has granted Approval-in-Principle (AIP) to seven digital asset companies under its Accelerated Regulatory Incubation Programme (ARIP), expanding Nigeria’s regulatory sandbox for crypto and other digital investment service providers. The newly admitted firms are Bitbarter Technologies Limited, Luno Fintech Nigeria Limited, GetEquity Limited, Koinkoin Global Network Limited, Wrapped CBDC Ltd,
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks as part of ongoing efforts to strengthen the country’s financial system and enforce regulatory compliance. The apex bank said the affected institutions failed to meet regulatory requirements, including compliance with licensing conditions and other provisions of the Banks and Other
Nigeria has emerged as the highest-ranked African country in the economic performance pillar of the IMD World Competitiveness Ranking 2026, outperforming South Africa, Ghana, Kenya, Namibia and Botswana. The ranking assesses countries based on key economic indicators, including growth, trade, employment, investment and public finance, to measure overall competitiveness. The latest report highlights Nigeria’s improved
An urban planning expert has called for stricter enforcement of building regulations and a comprehensive investigation into recent building collapses in Rivers State to prevent further loss of lives and property. The Chairman of the Association of Town Planning Consultants of Nigeria, Rivers State Branch, Edmund Chinem-Nwokaeze, made the call following the recent building collapses
Nigeria’s revenue grew by 49 per cent in the first five months of the year, surpassing government projections despite challenges in the global oil market. The surge was attributed to the government’s ongoing tax reforms and the introduction of new levies targeting key sectors, including petroleum and mining, aimed at expanding the country’s revenue base.
President Bola Tinubu has appointed Mr. Kunle Elebute as the Chairperson of the Financial Reporting Council of Nigeria (FRCN). Elebute, a seasoned financial expert, is expected to provide leadership for the council in promoting transparency, accountability and high standards in financial reporting across the country. The appointment forms part of the administration’s efforts to strengthen
The Mayor of Housing, My-ACE China, says young people should be recognised and developed as leaders of today rather than leaders of tomorrow. Speaking after the Strategic Elevation Conference Port Harcourt 2026, he noted that the true wealth of Rivers State lies in its people and emphasised the importance of proper positioning for success. Motivational
