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Petrol stations risk licence revocation over under-dispensing –

  • 22nd September 2026

FG to install 300 containers of equipment to

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Petrol stations risk licence revocation over under-dispensing – NMDPRA

Business

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Business

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News

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Business

Develop or lose gas glare sites, NUPRC warns investors

The Nigerian Upstream Petroleum Regulatory Commission has warned that companies awarded flare gas commercialisation sites could lose their permits if they fail to make significant progress in developing the assets within one year. The warning comes as Nigeria steps up efforts to end routine gas flaring by 2030 and harness gas that would otherwise be […]

Policy and Regulations

CBN rolls out tighter rules against terrorism financing

The Central Bank of Nigeria on Tuesday rolled out a stronger supervisory framework aimed at deterring the use of Nigerian banks and financial institutions for terrorism financing and other abuses. In a statement, the apex bank’s Acting Director, Corporate Communications/Investor Relations Department, Hakama Sidi-Ali, said the CBN has made terrorism financing supervision one of its […]

Banking

Banks must move from financing govt to businesses, infrastructure — Tinubu

Banks were on Tuesday urged to move away from heavy reliance on government securities and channel more credit into businesses, infrastructure and other productive sectors. The Federal Government, which canvassed the shift, said that recapitalisation of the banking industry and increased lending to businesses would help turn recent economic stability into stronger private-sector growth. President […]

Investment

European Investment Bank invests €108m in African entrepreneurs over 10 years

The European Investment Bank has invested €108 million in Nigeria and other African countries over the last 10 years to support African entrepreneurs. The investment was channelled through the bank’s Boost Africa Investment Program, themed “Investment in Africa’s Entrepreneurs: Unlocking Growth, Creating Impact.” The Nation reported that the European Union Ambassador to Nigeria, Gautier Mignot, […]

featured Tech

Apple unveils first foldable smartphone, iPhone Duo

Apple has today unveiled the iPhone Duo, its first foldable iPhone. When opened, the device becomes the thinnest iPhone ever produced, featuring a 7.6-inch inner display that offers a spacious canvas for viewing content, gaming and multitasking, alongside a special nano-texture finish designed to minimise glare for an unmatched viewing experience. When closed, the 5.4-inch […]

Finance

FG releases tools allowance to academic staff nationwide

The Federal Government has announced the full disbursement of the Consolidated Academic Tools Allowance to academic staff in federal universities, polytechnics and colleges of education, covering the period January to August 2026. According to The PUNCH, the Minister of Education, Dr Tunji Alausa, made this disclosure on Wednesday, shortly after inaugurating the Ministerial Committee on […]

Electricity

Blackouts: Manufacturers spent ₦1.34tn on alternative power in 2025

Nigerian manufacturers spent N1.34tn on alternative electricity sources in 2025, as persistent power outages compelled factories to depend on diesel generators and other off-grid energy solutions to keep production running. Exclusive data from the Manufacturers Association of Nigeria obtained by The PUNCH showed that manufacturers’ spending on alternative power climbed by about 21 per cent, […]

Business

How to apply for FG’s free solar installation training

The Federal Government, working alongside Siemens Energy and the German development agency, GIZ, has thrown open applications for a free Solar Photovoltaic Installation Training programme targeted at professionals, technicians and young people keen on building careers in the renewable energy sector. The training is being delivered under the Siemens Energy Education and Development project, tagged […]

Oil and Gas

NUPRC threatens revocation over undeveloped flare gas sites

The Nigerian Upstream Petroleum Regulatory Commission has cautioned that firms handed flare gas commercialisation sites could forfeit their permits should they fail to record meaningful progress in developing the assets within a year of the award. This caution comes at a time when Nigeria is stepping up efforts to bring an end to routine gas […]

News

Appeal Court upholds Ex-NEXIM boss’s 490-year jail term

The Court of Appeal sitting in Abuja has upheld the conviction and 490-year prison term handed down to Robert Orya, former Managing Director of the Nigeria Export-Import Bank, over a fraud case involving N2.4 billion. A three-member panel of the appellate court, led by Justice Muhammed Danjuma alongside Justices Ntong Festus Ntong and Ele Ejo […]

Electricity

Elektron Energy unveils 40MW power project for Lagos community

Elektron Energy, a developer and operator of embedded power infrastructure, has unveiled its Victoria Island Power project, a 40-megawatt embedded power network designed to deliver dedicated and more dependable electricity supply to businesses operating within one of Lagos’ upscale commercial districts. The company recently opened the project to customers and business leaders at its Victoria […]

Electricity

TCN declares force majeure after Kainji-Kebbi tower collapse

The Transmission Company of Nigeria has declared force majeure on the 330kV Kainji-Birnin Kebbi transmission line following the collapse of a transmission tower situated along the corridor. TCN, in a statement issued on Tuesday, disclosed that the line tripped at 10:44 p.m. on Monday, September 7, 2026. The company said a trial re-closure was attempted […]

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