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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the Federal Government for placing a ban on the exportation of crude oil allocated to local refineries and urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take swift action against refineries, cargo vessels and companies that would…

The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing foreign exchange of a minimum of $25,000 from a single authorised dealer per week. The bank also directed the BDCs to comply with Know Your Customer (KYC) measures. The apex bank, in…

According to Article 3 of the Revised ECOWAS Treaty, one of the main objectives of ECOWAS is to promote the economic integration of the region by establishing, among other things, a Free Trade Area. The instrument created for this purpose is the ECOWAS Trade Liberalisation Scheme (ETLS). The ETLS is…

The Federal Government of Nigeria on Tuesday commenced tolling on the 227.2km Abuja-Keffi-Akwanga-Lafia-Makurdi Highway with the inauguration of the Garaku Toll Plaza. However, certain categories of vehicles, security vehicles, diplomatic cars, ambulances, and tricycles are exempted from the charges. The road is a Public Private Partnership (PPP) project under the…

The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has called on Civil Society Organizations (CSOs) to actively monitor political party primaries, with a focus on the growing issue of delegate-buying by aspirants. Speaking at the first regular consultative meeting with CSOs on Tuesday in Abuja, Prof.…

The Special Adviser to the President on Media and Public Communication, Mr. Sunday Dare, has called on President Bola Tinubu’s political opponents to avoid actions that could incite division and destabilize the nation. Speaking on Monday, Dare criticized the wave of negative rhetoric directed at the president, particularly during his…

The Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale period to Bureau de Change (BDC) operators from January 31 until May 30. This aims to better serve retail market demands. The bank disclosed this in a circular, signed by Dr W. J. Kanya, Acting Director of…

Nigeria’s Federal Executive Council (FEC) has sanctioned $1.07 billion for sweeping healthcare sector reforms under the Human Capital Opportunities for Prosperity and Equity (HOPE) programme. Addressing State House correspondents after Monday’s FEC meeting, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, revealed that the Federal Government…

MTN Nigeria has strengthened its dominance, growing its market share to 51% with 84.6 million subscribers in December, up from 81.2 million in November. According to the Mobile Network Operators Report on the Nigerian Communications Commission (NCC) website, Airtel also showed resilience, increasing its subscriber base to 56.6 million in…

The Ondo State Council of the National Association of Nigerian Nurses and Midwives (NANNM) has suspended its indefinite strike, which started on January 31. In a statement released on Monday in Akure, the association’s Public Relations Officer (PRO), Lucky Aremu, attributed the decision to progress made in negotiations with the…