By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has stepped up efforts to combat rising cases of diet-related illnesses, unveiling new regulatory plans to reduce sodium levels in pre-packaged foods across Nigeria. At a stakeholders’ meeting held on April 7, 2026, the agency’s Director-General, Mojisola Adeyeye, cautioned Nigerians against…
By Seun Ibiyemi The Federal Government (FG) has revised its 2026 borrowing plan, raising the projected figure by ₦11.31 trillion to a new total of ₦29.20 trillion, according to the recently approved 2026 Appropriation Bill. The adjustment marks a significant increase from the ₦17.89 trillion initially projected in the Abridged Budget Call Circular released in…
Eight core members of the OPEC+ have raised alarms over disruptions to global oil supply following attacks on energy infrastructure linked to Iran and the ongoing blockade of the Strait of Hormuz. In a joint statement after a virtual meeting, the group stressed that restoring damaged energy assets is costly and time-consuming, creating significant constraints…
Nigeria’s Bank Verification Number (BVN) database rose to 68.6 million in March 2026, reflecting continued growth in financial identity registration, though at a slower pace compared to previous years. Latest data released by the Nigeria Inter-Bank Settlement System (NIBSS) shows that the database expanded by 754,128 between January and March 2026, up from 67.8 million…
By Seun Ibiyemi The Presidential Enabling Business Environment Council (PEBEC) has directed all Ministries, Departments, and Agencies (MDAs) to suspend the introduction of new policies and regulatory changes in a bid to prevent disruptions to businesses and investors. The directive was announced in Abuja by the Director-General of PEBEC, Zahrah Mustapha-Audu, as part of broader…
By Seun Ibiyemi The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to accountability, improved performance, and sustainable growth in Nigeria’s maritime sector with the signing of its 2026 Sectoral Performance Bond. The exercise, overseen by the Minister of Marine and Blue Economy, Adegboyega Oyetola, underscores the Federal Government’s…
By Seun Ibiyemi The Rural Electrification Agency (REA) has disbursed nearly ₦9 billion to support the development of renewable energy projects across Nigeria, marking another milestone in its drive to expand electricity access through sustainable solutions. In the latest round of funding, the agency released ₦7.95 billion to Havenhill to finance critical equipment for four…
By Seun Ibiyemi The Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed the Nigerian Shippers’ Council to investigate allegations of systemic efforts to undermine indigenous barge operators at the nation’s seaports. The directive was issued during the 2026 First Quarter Citizens/Stakeholders’ Engagement, Sectoral Performance Review, and Ministerial Management Retreat of the Federal Ministry…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) imposed a total of about N391 million in penalties on Custodian Investment Plc in the 2025 financial year over multiple regulatory infractions, underscoring tighter enforcement of compliance rules in the financial sector. Details contained in the company’s audited financial statements filed on the Nigerian Exchange (NGX)…
By Seun Ibiyemi Nigeria’s economy showed encouraging signs of recovery in the first quarter of 2026, with improved macroeconomic stability, although rising costs and external uncertainties continue to pose significant risks. According to a policy brief by the MD/CEO Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, inflation declined steadily, dropping to…
