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Over 90% of informal workers abandon personal pension

  • 27th July 2026

Oando plans power generation from abandoned oil wells

  • 27th July 2026

Senate replaces outdated insurance law with new regulatory

  • 27th July 2026

Nigeria secures $155m clean energy investments

  • 26th July 2026

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Over 90% of informal workers abandon personal pension plan

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Oando plans power generation from abandoned oil wells

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Dangote Refinery slashes petrol gantry price by N75/litre

Dangote Petroleum Refinery has announced a N75 per litre reduction in the gantry price of Premium Motor Spirit, commonly known as petrol, citing easing tensions in the Middle East that had contributed to elevated energy prices over the past three months. In a circular issued to fuel marketers on Monday, the refinery said it reviewed […]

Business

Over 70% eligible staff accept NNPCL early retirement scheme

The Nigerian National Petroleum Company Limited has commenced an early retirement scheme that is already attracting significant interest from employees, with officials confirming that more than 70 per cent of eligible staff have indicated willingness to participate in the voluntary exit arrangement. The initiative, structured under the Accelerated Exit Scheme and the Voluntary Exit Scheme, […]

Finance

DMO to raise ₦1.2trn through FGN bond reopening

The Debt Management Office, on behalf of the Federal Government of Nigeria, will reopen two FGN Bonds to raise a combined N1.2 trillion at an auction scheduled for Sunday, June 22, 2026. In its official offer circular published on Monday, June 15, the debt office disclosed that it will offer N600 billion each in a […]

Finance

United Capital acquires 5% stake in NGX

United Capital Group has announced the acquisition of a five per cent equity stake in the Nigerian Exchange Group. Nairametrics reported that the acquisition was disclosed in a statement issued on Monday, June 15, 2026, and signed by the Group General Counsel and Company Secretary, Dr. Leo Okafor. The transaction marks a milestone in the […]

Policy and Regulations

CBN orders banks, fintechs to store data locally

The Central Bank of Nigeria has directed banks, fintech firms, mobile money operators and other payment service providers to store all payment transaction data generated within Nigeria on local servers, as part of a broader regulatory push to strengthen oversight, improve transparency and reduce concentration risks in the country’s fast-growing digital payments ecosystem. The directive […]

Tech

Anthropic to meet Trump officials amid regulatory dispute

Senior executives at Anthropic are set to meet with Trump administration officials in Washington, D.C., on Monday in an effort to address the company’s latest dispute with the United States government, according to a source familiar with the matter. The company recently received an export control order on Friday, citing national security concerns and directing […]

Business

Nigeria inflation hits 15.93% in May despite slower price growth

Nigeria’s headline inflation rate rose slightly to 15.93 per cent in May 2026 from 15.69 per cent in April, indicating that price pressures remained elevated for households and businesses despite a slower monthly increase in consumer prices. Data from the National Bureau of Statistics’ latest Consumer Price Index report showed that the CPI climbed to […]

News

NDLEA raises ₦6.15bn from forfeited drug assets

The National Drug Law Enforcement Agency on Monday said it realised N6.15 billion from the auction of four properties seized from convicted drug traffickers and forfeited to the Federal Government through court orders. The assets, including a six-floor hotel in Victoria Island, Lagos, were sold through a competitive bidding process conducted at the agency’s headquarters […]

Finance

Reps extend 2025 capital budget deadline to September 30

The House of Representatives on Monday approved a three-month extension for the capital component of the 2025 Appropriation Act, moving the implementation deadline from June 30 to September 30, 2026. The PUNCH reported that the adjustment is intended to give the Federal Government additional time to complete ongoing capital projects funded under the current budget. […]

Opinion

Macron warns Iran against tolls on Strait of Hormuz

French President, Emmanuel Macron, on Monday cautioned Iran against introducing tolls on maritime traffic passing through the Strait of Hormuz, insisting that “everything” must be done to prevent any charges on vessels using the strategic waterway. This comes after Iran’s Fars news agency reported that Tehran had inserted a clause on maritime service fees into […]

Business

South Africa raises alarm over economic cost of xenophobia claims

The South African government has expressed concern over the economic impact of xenophobia-related allegations, saying the claims are affecting the livelihoods of its citizens and businesses abroad. Speaking in an interview with SABC on Sunday, South Africa’s Minister of Justice and Constitutional Development, Mmamoloko Kubayi, said the recent mass deportation exercise in the country was […]

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