By Seun Ibiyemi The Federal High Court of Nigeria has convicted two men for producing and selling counterfeit alcoholic beverages in Lagos State, sentencing them to a combined total of 40 years in prison. The convicts, 58-year-old Otuorimuno Nelson Aziakpono and 28-year-old Ikegwuonu Davidson Ikechukwu, were found guilty by Justice Allagoa J. of offences linked…
By Seun Ibiyemi A coalition of indigenous maritime tourism and transportation investors has pledged to unlock strategic investment opportunities aimed at developing Nigeria’s largely untapped maritime tourism economy, particularly for littoral communities in Lagos and across the country. The group, Allied Concessionaries and Blue Economy Alliance, made the commitment during a courtesy visit to the…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) at its retail outlets in Abuja to N960 per litre, up from N875, following a spike in global crude oil prices triggered by escalating geopolitical tensions in the Middle East. Checks at several NNPCL filling…
By Seun Ibiyemi Nigeria’s maritime sector recorded a historic surge in activity in 2025, with total cargo throughput rising by 24.8 percent to 129.3 million metric tonnes, up from 103.6 million metric tonnes in 2024, according to the 2025 Operational Performance Report released by the Nigerian Ports Authority (NPA) on Tuesday. The report described the…
…As Abuja airport registers 10,000 ‘Go Cashless’ cards By Seun Ibiyemi Frustration mounted at major airport access roads on Tuesday as desperate air travelers reportedly abandoned their vehicles in a bid to beat heavy traffic triggered by the implementation of a new cashless tollgate policy. The policy, introduced to promote seamless electronic payments and reduce…
By Seun Ibiyemi The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has said Nigeria and the wider African continent must position women at the forefront of leadership to fully unlock their hydrocarbon potential. Speaking at the 3rd Edition of the Diversity Sectoral Working Group Annual Women in Oil and…
By Seun Ibiyemi The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called on Cross River State to harness ongoing reforms in Nigeria’s downstream petroleum sector by investing in strategic fuel infrastructure and clean energy value chains to drive economic growth. Speaking on behalf of the Authority Chief Executive, Engr. Saidu Mohammed, the Executive…
By Seun Ibiyemi In a decisive move to curb arbitrary tax enforcement and protect small businesses, the federal government on Tuesday unveiled new presumptive tax regulations that ban cash collections and roadside enforcement by subnational authorities for informal businesses. The announcement marks a major shift from legislation to practical implementation of Nigeria’s tax reforms. Read…
By Seun Ibiyemi The Nigerian naira experienced a modest depreciation against the United States dollar on Tuesday, with currency markets showing signs of renewed demand pressure and cautious trading activity. Data from the Nigerian Foreign Exchange Market (NFEM) reported that the naira opened trading around ₦1,368 to the dollar in the official FX window, eventually…
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has reported that Electricity Distribution Companies (DisCos) successfully metered 109,556 customers in December 2025, marking a notable increase from 88,592 customers in November. The figures, released in the NERC Metering Factsheet for November and December 2025 in Abuja, indicate that the national metering rate rose to…
