Abdullah Ahmed

US Blacklists Nigerian Businesses Over Terrorist Funding

US Blacklists Nigerian Businesses Over Terrorist Funding

The United States government has placed a high-profile Nigerian citizen and a network of affiliated businesses on its global terrorism blacklist. The US Department of the Treasury announced the sanctions on Tuesday through its Office of Foreign Assets Control. Federal investigators uncovered evidence linking the individual directly to illicit financial networks that funnel money to…

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Regulator Issues Fresh Petrol Permits As Stocks Decline

Petrol Imports Surge 59% Despite Dominant Local Refining -NMDPRA

Nigeria’s petrol imports rose sharply by 59.5 percent in May as oil marketers turned back to foreign suppliers to shore up domestic inventory. The latest operational data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority reveals that daily inbound shipments of Premium Motor Spirit climbed to 5.9 million litres, up from 3.7 million litres…

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FG Issues Guidelines for Swift Tax Regime Transition

FG Issues Guidelines for Swift Tax Regime Transition

The Federal Government released comprehensive transition guidelines to steer corporate taxpayers through the implementation of its overhauled national tax framework. The Federal Inland Revenue Service published the administrative manual to eliminate market confusion and prevent operational disruptions across key sectors. The new fiscal regime introduces structural changes to corporate income tax thresholds, value-added tax collection…

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FG Unveils Strategic Blueprint to Slash Malaria Burden by 50%

FG Unveils Strategic Blueprint to Slash Malaria Burden by 50%

The Federal Government has launched the National Malaria Strategic Plan (2026–2030), aiming for a 50 per cent reduction in malaria prevalence and mortality rates by 2030. The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, alongside the Minister of State, Dr. Iziaq Adekunle Salako, announced the ambitious timeline during recent high-level public…

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Nigeria Outperforms OPEC Quota as Production Climbs to 1.7m bpd

Nigeria Outperforms OPEC Quota as Production Climbs to 1.7m bpd

Nigeria’s aggregate hydrocarbon output surged to an 11-month high in May 2026, forcing the country to marginally exceed its official production quota under the Organisation of the Petroleum Exporting Countries (OPEC). Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday shows that daily crude oil extraction averaged 1,530,354 barrels, alongside an extra…

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