President Bola Tinubu has said that his administration would support businesses in the Financial Technology (Fintech) sector that provide payment infrastructure services for Nigerians and Africans. Agboola said that the company seeks to be listed on the Nigerian Exchange and solicited the President’s support. Receiving the leadership of Flutterwave and Alami Capital in Abuja on Saturday afternoon at the State …

The Federal Government has revealed plans to discontinue its visa-on-arrival policy, describing it as ’unsustainable’ and a potential security risk. The Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this on Friday at the graduation ceremony of 100 officers of the Nigeria Immigration Service (NIS) who underwent a five-day specialised training on the application of Advance Passenger Information/Passenger Name Record data …

The founder of Heirs Energies, Mr. Tony Elumelu has harped on the need for Nigeria to increase its oil production to generate revenue for economic diversification. At the Heirs Energies leadership forum in Abuja, Elumelu stated the importance of investing in the oil and gas sector to support industrial growth and ensure energy security. ‘We cannot industrialise Africa, especially Nigeria, …

The Federal Government has pledged to establish a gene bank to preserve the genetic makeup of indigenous livestock breeds and ensure their sustainability for future generations. The minister of livestock development, Idi Maiha, made this commitment at the 2025 ministerial briefing on Friday in Abuja. The event aimed to foster a deeper understanding of the government’s progress and developmental agenda. …

Organised Labour through the Nigeria Labour Congress (NLC), has forced the Federal Government to reduce telecommunications tariff hike from 50 per cent to 35 per cent. Vanguard reports that the reduction followed a meeting of the 10-man committee comprising government and NLC representatives at the office of the National Security Adviser (NSA) on Friday, 21 February 2025. According to government …

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has disclosed that Nigeria’s rig count will hit 50 in March. Komolafe said active rigs are currently 38, from 32 in the previous weeks. According to him, increasing the number of active rigs is essential to boost oil production and achieve the two million barrels per day …

The Federal Government has appealed to China to ‘remove trade tariff for Nigeria as it had to 33 other African nations’, ‘In hopes of deepening economic cooperation and boosting trade in areas critical to Nigeria’s development goals’. The Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, made the appeal during a courtesy visit by the Chinese Ambassador to Nigeria, …

Nigeria’s latest treasury bills auction, conducted on 19 February 2025, saw total subscriptions hit N2.41 trillion, reflecting sustained investor interest across the three tenors on offer. This marked a decline from the N3.22 trillion recorded in the previous auction held on 5 February 2025. This is according to the auction results seen by The PUNCH on Thursday. The Central Bank …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), along with major stakeholders in the country’s oil and gas sector, met in Abuja on Wednesday to discuss and fine-tune issues related to domestic crude supply obligations between producers and refiners. The meeting aimed to enhance Nigeria’s energy security. The gathering, which has become routine, presented a platform for the management of NUPRC, …

FAAC meeting postponed indefinitely as states, NNPC tussle over N1.7trn remittances The Federation Account Allocation Committee (FAAC) has announced the indefinite postponement of its meetings for February 2025. : TheCable had earlier reported that the FAAC meeting was not held on Wednesday due to a dispute between states and NNPC Limited over outstanding remittances. States decided to boycott the meeting until …