The supply of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, rose by 24 per cent month-on-month to 5.1 metric tonnes per day in June 2026 from 4.1 metric tonnes per day recorded in May. The latest figures were contained in the June 2026 fact sheet released by the Nigerian Midstream and Downstream Petroleum…
By Seun Ibiyemi Investors in the Nigerian Exchange Limited (NGX) gained N1.755tn on Monday as the equities market sustained its bullish momentum, driven by renewed buying interest in large-cap stocks. The positive sentiment lifted the overall market capitalisation by N1.755tn to close at N158.812tn, while the benchmark All-Share Index (ASI) advanced by 2,721.83 points, or…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has dismissed reports claiming that its members suspended the lifting of Premium Motor Spirit (PMS), popularly known as petrol, from the Dangote Refinery. IPMAN’s National Publicity Secretary, Chinedu Ukadike, debunked the claims in an interview on Monday, insisting that marketers have continued to load petroleum products from…
The Federal Competition and Consumer Protection Commission (FCCPC) has resumed the implementation and enforcement of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON), following a Federal High Court judgment affirming the legality of the framework. The commission disclosed the development in a statement issued on Monday, noting that the court ruling had…
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Monday dismissed claims that the administration of President Bola Tinubu borrowed an additional ₦80 trillion after inheriting a public debt of about ₦75 trillion, attributing the sharp rise in the country’s debt profile to the revaluation of foreign loans and the securitisation…
By Seun Ibiyemi President Bola Ahmed Tinubu has approved the appointment of 26 individuals into the boards and leadership of 10 federal agencies and commissions, naming former Ekiti State governor, Ayo Fayose, as chairman of the Rural Electrification Agency (REA). The appointments, announced on Monday in a statement by the President’s Special Adviser on Information…
By Seun Ibiyemi Skyway Aviation Handling Company (SAHCO) Plc has strengthened its position as a leader in Nigeria’s aviation sector with the acquisition of EVAC+CHAIR emergency evacuation equipment, becoming the first and only ground handling company in the country to deploy the specialised mobility technology. This was disclosed in statement made available to BusinessPointer online…
…Accounts opened on OAGF directive have zero balance – CBN …As ICPC grills Chief of Staff, Gbajabiamila By Seun Ibiyemi Fresh irregularities have emerged in the ongoing investigation into the Presidential Foreign Investment Promotion Council (PFIPC) and the Presidential Economic Advisory Council (PEAC), following revelations by the Central Bank of Nigeria (CBN) and the Office…
By Seun Ibiyemi The African Atlantic Gas Pipeline (AAGP) project has received a major boost after Heads of State and Government of member countries of the Economic Community of West African States (ECOWAS) signed the Intergovernmental Agreement (IGA) for the multi-billion-dollar energy initiative at the regional bloc’s summit in Freetown, Sierra Leone. The latest endorsement…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured a final forfeiture order for N941,994,079.86 allegedly traced to proceeds of a ghost worker scheme uncovered on the Integrated Payroll and Personnel Information System (IPPIS). Justice Binta Nyako of the Federal High Court in Abuja granted the order following an ex parte application…
