The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has said the commission approved about $20bn worth of Field Development Plans within the last 10 months as …
Regulation
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BusinessEconomyEnergyGOVERNMENTOil & GasRegulation
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Capital MarketEconomyFinanceGOVERNMENTPensionRegulation
Nigeria’s Pension Assets Rise to N26.09tn as PFAs Deepen Investments in Government Securities
Nigeria’s pension fund assets continued their steady growth in 2025, rising by more than N4.71tn as of the end of the third quarter. This represents a 22.03 per cent year-on-year …
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BusinessConsumer NewsEastern AfricaFinanceKenyaRegulationTechnology
Bitcoin ATMs Appear in Nairobi Malls as Kenya’s New Crypto Law Takes Effect
by Radarr Adminby Radarr AdminBitcoin ATMs have started appearing in major shopping malls across Nairobi, days after Kenya’s new law on virtual assets became active. The bright orange machines, branded “Bankless Bitcoin,” were seen …
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EconomyGOVERNMENTInfrastructurePower & Energy,Regulation
Nigeria’s electricity metering rate rises to 55% as NERC disburses N28bn for new meters
Nigeria’s electricity metering programme recorded a marginal improvement in August 2025, as the national metering rate increased from 54.71 per cent in July to 55.01 per cent, according to the …
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BankingBusinessEconomyFinanceINVESTMENTRegulation
Standard Chartered Meets CBN’s N200bn Capital Requirement Ahead of 2026 Deadline
Standard Chartered Bank Nigeria Limited has announced that it has successfully met the Central Bank of Nigeria’s (CBN) new minimum capital requirement of ₦200 billion for national commercial banks, well …
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EconomyIndustrial DevelopmentInfrastructureMaritimeRegulationTransport
NIMASA Accredits 27 Shipyards to Strengthen Maritime Safety and Boost Investor Confidence
The Nigerian Maritime Administration and Safety Agency (NIMASA) has approved and accredited 27 registered shipyards across the country, marking a key step in its efforts to raise safety and operational …
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EconomyFinanceINVESTMENTRegulation
Non-Interest Pension Fund Records Highest Growth, Surges 157% in One Year
The Non-Interest Fund (Fund VI) under the multi-fund structure of Nigeria’s Contributory Pension Scheme has recorded the highest year-on-year growth rate as of August 2025, highlighting the rising popularity of …
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BusinessCapital MarketCryptocurrencyEconomyFinanceRegulation
SEC Raises Alarm Over Nigerians’ Shift to Cryptocurrency
The Securities and Exchange Commission (SEC) has expressed growing concern over the rising preference of Nigerians for cryptocurrency trading instead of investing in the country’s traditional capital market. The Director-General …
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Corporate AffairsEconomyFinanceInsuranceRegulation
Lasaco Assurance Raises N11.1bn Fresh Capital Ahead of Recapitalisation Deadline
Lasaco Assurance Plc has announced that it successfully raised about N11.1bn in fresh capital through a private placement, as part of efforts to meet the 2026 recapitalisation deadline set by …
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AviationBusinessEconomyEnergyInfrastructureRegulation
Ex-FAAN Boss Warns Against Emerging Monopoly in Nigeria’s Aviation Fuel Market
The former Managing Director of the Federal Airports Authority of Nigeria (FAAN), Dr. Richard Aisuebeogun, has raised alarm over the growing risk of monopoly in Nigeria’s aviation fuel market, warning …