By Seun Ibiyemi The Federal Competition and Consumer Protection Commission (FCCPC) and the National Agency for Food and Drug Administration and Control (NAFDAC) have signed a Memorandum of Understanding (MoU) aimed at improving consumer complaints resolution and strengthening regulatory enforcement in Nigeria’s marketplace. The agreement was signed in Abuja on Wednesday by the Executive Vice-Chairman…
..Move to regulate location of gas stations nationwide By Seun Ibiyemi The House of Representatives has expressed concern over recurring gas explosions in the country following a blast in Apapa, Lagos State, which left five people injured. The resolution followed the adoption of a motion of urgent national importance sponsored by Hon. Adesola Samuel Adedayo,…
By Seun Ibiyemi The National Bureau of Statistics (NBS) says Nigeria recorded a total of 179,642,333 active voice subscribers in the fourth quarter (Q4) of 2025, reflecting continued growth in the country’s telecommunications sector. According to the NBS Telecoms Data: Active Voice and Internet, Porting and Tariff Information Report released in Abuja on Wednesday, the…
By Seun Ibiyemi Dangote Petroleum Refinery and Petrochemicals Limited has clarified that there has been no increase in the price of Premium Motor Spirit (PMS), stressing that its ex-depot price remains unchanged. In a statement issued on Wednesday, the refinery reaffirmed its position, noting that it is committed to maintaining stability in the domestic energy…
By Seun Ibiyemi The Lagos State Government has launched Africa’s first Ferry Safety Development and Mentoring Programme, marking a major step toward improving safety standards and professionalism across the continent’s inland waterways sector. The initiative, unveiled in May 2026, is part of the state’s broader Blue Economy agenda under Governor Babajide Olusola Sanwo-Olu, with a…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has reinforced its commitment to combating illicit financial flows and terrorism financing through a sensitisation programme on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), held at its Headquarters in Maitama, Abuja. The engagement, held on Monday, 4 May 2026, formed part of the Service’s first-quarter…
By Olakunle Oke Nigeria’s downstream fuel market is bracing for another increase in pump prices following a fresh ₦75 hike in the ex-depot price of petrol, signaling renewed upward pressure across the supply chain. A report by Petroleumprice.ng, citing market sources, confirmed the new pricing template, noting that Proforma Invoice was suspended on Tuesday. This…
By Seun Ibiyemi United Bank for Africa Plc (UBA) has reported a mixed financial performance for the first quarter of 2026, as solid revenue growth was offset by surging credit losses and higher operating expenses. The results highlight continued pressure on profitability following challenges in the 2025 financial year, with impairment charges rising sharply as…
By Seun Ibiyemi The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD), has called for deeper collaboration between the council and the Lagos State Parking Authority (LASPA) to enhance effective parking management and service delivery within Ikeja. AKOD made the call on Tuesday while receiving the General Manager of LASPA, Mrs. Adebisi…
By Seun Ibiyemi The Nigerian equities market closed on a negative note on Tuesday as investors lost about N904 billion following widespread sell-offs in major listed stocks. The downturn brought an end to a four-day bullish run on the Nigerian Exchange Ltd (NGX), as profit-taking dragged key equities including Guinness Nigeria, Union Dicon Salt, AIICO…
