ShareThe NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership (TEP) in support of the completion and operation of the Port Harcourt and WarriContinue Reading
ShareThe United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership. The UAE said its decision would help it meet growing global energy demand in the long term after recent investments to boost its production capacity.Continue Reading
ShareMar-a-Lago, Florida_ — In a meeting that blended diplomacy with deep personal warmth, President of Belemaoil Group, Tein Jack-Rich, was seen this week alongside other prominent allies including Roger Stone, longtime strategist and one of President Donald Trump’s closest allies shared likeness for US-NIGERIA closeness for shared property. The twoContinue Reading
The Corporate Affairs Commission (CAC) has forcefully denied allegations of illegally tampering with a company’s records, asserting all its actions are strictly governed by the Companies and Allied Matters Act (CAMA) 2020. It frames its statutory power to correct corporate records as a transparent, audit-driven process essential for protecting investors and maintaining the integrity of Nigeria’s business registry. The Commission positions these corrections not as arbitrary changes, but as lawful interventions to rectify proven illegality or non-compliance. This firm rebutContinue Reading
The Nigerian Naira closed the trading week on December 12, 2025, with a marginal appreciation of 0.11%, reaching N1,454.41 against the US dollar in the official market. This slight gain of N1.65 concludes a week characterized by minimal volatility and minor fluctuations, indicating a period of relative stability for the currency. The data underscores a tightly controlled official exchange rate with movements measured in single-digit percentages, suggesting deliberate central bank management. For executives, this signalsContinue Reading
Nigeria’s 2026 tax reforms strategically target inclusive economic growth by shifting the burden from the informal sector and low-income earners to incentivize formalization and attract investment. The core overhaul eliminates a complex web of burdensome taxes, slashes the corporate rate to 25%, and provides zero CIT for small businesses, transforming formalization from a disadvantage into a growth opportunity. This recognizes the informal sector as the true engine of broad-based prosperity, where its modest growth benefits all Nigerians more than large corporateContinue Reading
Nigeria has taken a decisive step in its energy transition by awarding 28 companies permits to commercialize flared gas, transforming a major environmental liability into economic opportunity. This initiative directly tackles routine flaring by enabling private investment to capture waste gas for power generation, industrial use, and LPG production, thereby enhancing energy security. The program represents a strategic pivot from a legacy of operational challenges to a market-driven model that aligns climate action with tangible economic value creation. This move positions Nigeria to simultaneously meet itsContinue Reading
The Federal Government is scaling the CREDICORP YouthCred program to provide affordable, collateral-free credit to employed Nigerians aged 18-39, with loans up to ₦5 million at 2% monthly interest. This initiative, having already disbursed over ₦30 billion to 200,000 individuals with zero non-performing loans, aims to reach one million youth by 2026 as a sustainable alternative to predatory lenders. It represents a core policy to build a credit-based economy, usingContinue Reading
Nigeria’s October 2025 food price data reveals a significant, broad-based deflation in staple foods like beans, garri, and tomatoes, with year-on-year decreases exceeding 13% and reaching over 37% for beans. However, this positive trend is not universal, as prices for protein sources like beef and some vegetables like onions have continued to rise sharply, indicating persistent inflationary pressures in specific categories. The report further highlights stark regional price disparities, with costs for the same items varying byContinue Reading
Guinea Insurance Plc is proactively aligning with Nigeria’s new 2025 Insurance Reform Act by committing to a significant capital base enhancement, a strategic move critical for its long-term competitiveness and resilience. The company’s leadership engaged directly with the national regulator, emphasizing collaboration and transparency to navigate regulatory shifts and industry trends. This capital strengthening initiative is fundamentally aimed at improving customer experience, operational capacity, and stakeholder trust. Ultimately, Guinea Insurance is positioning itself not merely for compliance, but to become an innovation-led marketContinue Reading
