The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the start of the 2025 Licensing Round, effective Dec. 1, 2025, following approval from President Bola Tinubu, who also serves as Minister of Petroleum Resources. NUPRC Chief Executive, Gbenga Komolafe, made the announcement at the Project One Million Barrels Per Day (1MMBOPD) Additional Production Investment Forum…
The Bill & Melinda Gates Foundation has unveiled a $1.4 billion initiative to strengthen climate resilience among smallholder farmers in sub-Saharan Africa and South Asia — two of the regions most affected by global warming but least supported by international climate finance. Announced during the 30th UN Climate Change Conference (COP30) in Belém, Brazil, the…
About 20 cargo vessels carrying essential goods and fuel are scheduled to dock at Nigeria’s main seaports in Lagos this week, the Nigerian Ports Authority (NPA) has announced. The NPA said in its Monday shipping update that the ships are expected to arrive at the Apapa and Tin-Can Island terminals between 10 and 12 November….
The Nigeria Employers’ Consultative Association (NECA) has expressed support for the Federal Government’s 15 per cent import tariff on petrol and diesel, saying it will strengthen the Naira, encourage investment, and boost domestic refining. Mr. Adewale-Smatt Oyerinde, NECA Director-General, said in a statement on Sunday that the policy is timely and essential for protecting local…
Nigeria’s banking sector continues to show resilience, with six leading financial institutions reporting a combined profit after tax (PAT) of more than ₦2.4 trillion for the first nine months of 2025 — a 20 per cent increase compared to the same period in 2024. The data, drawn from unaudited filings on the Nigerian Exchange Group…
Nigeria’s Bureau De Change operators are seeking stronger institutional backing to enhance foreign exchange inflows and stabilise the Naira as the end-of-year festive period approaches. The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Dr Aminu Gwadabe, made the appeal in Lagos during an interview with the News Agency of Nigeria…
Governor Abba Kabir Yusuf of Kano State has called on northern states to strengthen cooperation in implementing tax reforms and digital transformation as part of efforts to boost revenue and achieve sustainable development. Speaking during the 2025 Northern Revenue Conference in Kano, Yusuf said fiscal efficiency was crucial for good governance and long-term economic growth….
China has unveiled a series of measures to implement the trade accord agreed by President Xi Jinping and U.S. President Donald Trump following their recent talks. In a statement on Wednesday, the Chinese Ministry of Commerce confirmed that the 24 per cent tariffs imposed in April on a range of American imports — and later…
President Bola Ahmed Tinubu has requested the approval of the National Assembly to borrow ₦1.15 trillion from the domestic debt market to help finance the deficit in the 2025 federal budget. At the same time, the Debt Management Office (DMO) is preparing to raise $2.3 billion from the international capital market this week in what…
The Kano State Executive Council, under the leadership of Governor Abba Yusuf, has approved over ₦19 billion for the execution of development projects across several sectors of the state. Briefing newsmen after the council meeting on Sunday in Kano, the Commissioner for Information and Internal Strategy, Ibrahim Waiya, said the projects cut across education, health,…
