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Millions of Nigerian entrepreneurs operating outside the formal economy now have a rare opening to register their businesses at no cost, following the Federal Government’s decision to throw open applications for the free incorporation of 250,000 micro, small and medium enterprises. The scheme, driven jointly by the Small and Medium Enterprises Development Agency of…
Every discarded phone, dead generator and cracked television tossed out in Lagos represents money leaving the country, and the sums are no longer trivial. Nigeria, one of Africa’s largest generators of electronic waste, is watching from the sidelines as a $89.48 billion global recycling market takes shape, held back by the absence of formal…
The Federal High Court in Abuja has dismissed a legal challenge by Air Peace Limited, ruling that the consumer protection agency has the explicit right to investigate airline ticket pricing. Justice Binta Nyako declared that the Federal Competition and Consumer Protection Commission acted squarely within its legal mandate when it demanded internal pricing data from…
Nigerian crude oil supplied nearly four out of every five barrels processed by the Dangote Petroleum Refinery between May and June 2026, according to the plant’s own cargo discharge and pricing records, a pattern that firmly reestablishes the country as the dominant feedstock source for the 650,000 barrels per day facility in Lekki. An…
The federal government has initiated a sweeping policy to eliminate multiple business registrations across public regulatory frameworks. Spearheaded by the Presidential Committee on Fiscal Policy and Tax Reform, the directive seeks to merge redundant identity protocols into a single network. Under the new legal mandate, the National Identification Number for citizens and the Corporate Affairs…
South African investors moved $983.83m into Nigeria between January and March 2026, even as anti migrant violence in South Africa forced hundreds of Nigerians to flee home, fresh figures from the National Bureau of Statistics (NBS) show, pointing to a commercial relationship that has held firm while the diplomatic one frays. According to…
Nigeria’s fiscal managers have thrown open the debt taps at a pace not seen in recent memory, moving early and aggressively into the domestic market to raise cash before borrowing costs climb any higher. The strategy, described in the latest Fixed Income Thematic Report by Meristem Securities Limited, points to a government determined to…
Higher crude flows failed to lift the bottom line for the Nigerian National Petroleum Company Limited in May 2026, as the state oil firm recorded a profit after tax of N462 billion, down from the N481 billion posted in April, despite pumping its most crude in nearly a year. The company’s Monthly Report Summary…
African governments are systematically rewriting the extractive bargain by demanding local processing of their natural resources. From Kenya to Ghana and Mali, states increasingly insist that critical minerals undergo domestic refinement before export. This policy shift targets rare earths, lithium, graphite, copper, and nickel. The global energy transition has triggered an insatiable demand for these…
Petroleum marketers in Nigeria have come under fresh pressure from the Federal Government to lower pump prices, with the authorities insisting that falling crude oil costs must reach ordinary consumers rather than enrich operators in the deregulated downstream market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, issued the directive in Abuja…
