The Nigerian National Petroleum Company Limited (NNPC) has announced a strong 14 percent rise in its after-tax profit for the month of May 2025, reaching ₦1.054 trillion. This marks a …
Policies
-
EconomyEnergyGOVERNMENTInfrastructureNigeriaOil & GasPolicies
-
Cyber securityDigital EconomyFinance & ServicesPolicies
Kenya Records 201.7% Jump in Cyber Threats as ICT Sector Expands Rapidly
Kenya has witnessed a sharp rise in cyberattacks in the first quarter of 2025, with experts raising fresh concerns over the country’s growing vulnerability in the digital space. The Communications …
-
The Federal Government has introduced a major plan to change the Value-Added Tax (VAT) system in Nigeria. This new reform is aimed at giving states more control over VAT revenue …
-
EconomyEnergyManufacturingPoliciesTrade and Commerce
Tinubu Push for End to Raw Exports as Nigeria Eyes Industrial Growth
Nigeria, Africa’s largest economy and most populous country, continues to export a large share of its mineral and agricultural resources in raw form despite having the potential to transform its …
-
EnvironmentHealthcareInfrastructureNigeriaPolicies
Nigeria Moves to Protect Coastal Areas with New Policy as Flooding Worsens
The Federal Government has taken steps to address the growing threats of flooding, erosion, and environmental degradation in Nigeria’s coastal regions through the development of a new Integrated Coastal Zone …
-
BusinessEconomyGOVERNMENTNigeriaPolicies
Tinubu Suspends Controversial Financial Reporting Council Levy on Private Companies
President Bola Ahmed Tinubu has ordered a temporary suspension of the implementation of the controversial Financial Reporting Council (Amendment) Act 2023, which introduced new annual regulatory dues on large private …
-
BusinessEconomyFinance & ServicesInsuranceNewsPolicies
70% of Nigerians Lack Insurance Coverage, Brokers Raise Concern
About 70 per cent of Nigerians do not have any form of insurance coverage, according to the Nigerian Council of Registered Insurance Brokers (NCRIB). This figure was revealed by Ojo …
-
BusinessDangote IndustriesEconomyEnergyNewsNigeriaOil & GasPolicies
Petrol Marketers Expect Pump Price Drop as Crude Oil Prices Fall
Petroleum product marketers in Nigeria are expecting a possible drop in petrol pump prices this week, following a significant fall in international crude oil prices. This anticipated adjustment, according to …
-
Eastern AfricaEgyptGOVERNMENTInnovationKenyaNigeriaPoliciesTechnology
Kenya’s Startup Ecosystem Hits Record Global Ranking, Beats Nigeria and Egypt in Growth
Kenya has achieved its highest-ever position in the global startup ecosystem rankings, bolstered by a rapid growth rate of over 30 percent — the fastest among countries ranked between 51st …
-
The Kenyan Cabinet has approved two major legislative proposals aimed at modernising how public agencies are run and how government resources are procured and managed. The two bills—the Government-Owned Enterprises …