Federal Government Suspends Petrol Imports to Protect Local Refiners

Federal Government Suspends Petrol Imports to Protect Local Refiners

The Federal Government has suspended the issuance of petrol import licences for a second consecutive month, signalling a hard pivot toward domestic self-sufficiency. This move, enforced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), marks the first significant application of the Petroleum Industry Act (PIA) provisions that restrict imports unless local supply fails…

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Senate Passes Factoring Bill to Boost MSME Credit

Senate Threatens Arrest Warrants Over Disputed N210tn Oil Revenue

The Nigerian Senate has threatened to issue arrest warrants for former and current officials of the Nigerian National Petroleum Company Limited (NNPCL) over ₦210 trillion in unexplained financial records. The Senate Public Accounts Committee (SPAC) has directed the national oil giant to refund the staggering sum, which lawmakers claim was “not properly accounted for” in…

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Women’s jobs face twice the automation risk as men’s: ILO

  Generative artificial intelligence is poised to reshape global labour markets, but new data from the International Labour Organisation confirms that women will bear a disproportionate share of the disruption, with female-dominated occupations facing nearly twice the exposure risk of male-dominated roles. The findings, published in the research brief titled “GenAI, Occupational Segregation and Gender…

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