Category: Business
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FG ORDERS TOUGHER MONITORING OF LPG DEPOTS TO STOP HOARDING AMID PRICE SURGE
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to step up monitoring of Liquefied Petroleum Gas (LPG) depots to prevent hoarding following recent sharp price increases. Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, revealed that LPG prices have jumped from around N1,000–N1,100 per kg to as…
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WORLD BANK LAUNCHES AGRICONNECT TO BOOST GLOBAL FOOD PRODUCTION AND JOBS
The World Bank has kicked off its AgriConnect initiative aimed at transforming smallholder farming, boosting employment, and strengthening food security worldwide. Announced during the IMF/World Bank Annual Meetings in Washington, the program targets the 500 million smallholder farmers who produce most of the world’s food but often lack access to markets, finance, and modern technology.…
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MINISTER UZOKA-ANITE URGES WEST AFRICAN INSURERS TO UNITE AGAINST CLIMATE RISKS
Minister of State for Finance, Dr. Doris Uzoka-Anite, called for stronger regional collaboration among West African insurers to boost resilience against escalating economic threats from climate change. Speaking at the 2025 WAICA Education Conference in Lagos, she stressed that climate change is no longer just an environmental issue but a financial and developmental challenge affecting…
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LPG USERS, RETAILERS URGE FG TO ENSURE STEADY SUPPLY AND PRICE STABILITY
Consumers and retailers of Liquefied Petroleum Gas (LPG), or cooking gas, are calling on the Federal Government to secure consistent availability and stable prices following recent hikes linked to the Dangote Refinery strike. Speaking to NAN in Abuja, users acknowledged that queues and shortages are easing but stressed government action is needed to fully restore…
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FCCPC APPLAUDS CBN DRAFT GUIDELINES FOR QUICK ATM FAILED TRANSACTION REFUNDS
The Federal Competition and Consumer Protection Commission (FCCPC) has warmly welcomed the Central Bank of Nigeria’s (CBN) draft guidelines that require banks to refund customers for failed ATM transactions within 48 hours. FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, revealed this in a statement following a recent Consumer Complaints Data Report. FCCPC’s Executive Vice Chairman,…
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ZUMA FILM FESTIVAL SHINES AS GLOBAL HUB FOR AFRICAN STORIES AND CREATIVE POWER
The Nigerian Film Corporation (NFC) says the Zuma International Film Festival (ZUFF) has grown into a worldwide symbol of vibrant storytelling, spotlighting filmmakers and audiences who bring African narratives to life. At a press event in Abuja, NFC’s MD Dr. Ali Nuhu unveiled the 2025 festival theme, “Storytelling for Global Influence: Film as a Soft…
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NIGERIA’S FINANCE MINISTER WALÈ EDUN GRAPPLES WITH STROKE, FUTURE UNCERTAIN
When a nation’s steady hand falters, the weight of uncertainty settles in. Nigeria’s Finance Minister, Wale Edun, a chief architect of economic reform, has been flown abroad after suffering a severe stroke. The country holds its breath as questions loom over the path ahead. Nigeria’s Finance Minister, Wale Edun, has been urgently flown abroad for…
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NIPOST REAFFIRMS COMMITMENT TO CONNECTING NIGERIANS WITH DIGITAL AND LOGISTICS INNOVATIONS
The Nigerian Postal Service (NIPOST) is doubling down on its mission to connect people, businesses, and communities nationwide with reliable, affordable postal services. Speaking at the World Post Day celebration, Postmaster General Tola Odeyemi highlighted efforts to modernize postal facilities, boost last-mile delivery, and support Nigeria’s socio-economic growth. NIPOST is championing Micro, Small, and Medium…
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POULTRY INDUSTRY CONTRIBUTES OVER 25% TO NIGERIA’S AGRICULTURAL GDP, SAYS PAN FCT CHAPTER
The Poultry Association of Nigeria (PAN), FCT chapter, reveals that poultry accounts for more than 25% of Nigeria’s agricultural GDP and provides jobs to over 25 million Nigerians, about 10% of the population. Nigeria is Africa’s largest egg producer, with over 650 million tonnes produced annually. PAN officials highlight challenges facing mainly smallholder farmers—such as…
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AMAC CHAIRMAN ORDERS IMMEDIATE WITHDRAWAL OF RADIO AND TV TAX ON RESIDENTIAL HOUSES
In response to residents’ outcry, AMAC Chairman Christopher Maikalangu has ordered the immediate suspension of the radio and television tax on residential houses within the council area. The move came after feedback showed the new levy was causing widespread dissatisfaction among homeowners. The tax, initially meant to fund developmental projects and improve community facilities, will…
