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Yemisi Lanre-Idowu

Business

Federal Government to Revoke Inactive Oil Licences Under New ‘Drill or Drop’ Policy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced its readiness to enforce the ‘drill or drop’ policy targeting dormant oil licences. Gbenga Komolafe, Chief...

Yemisi Lanre-Idowu -

Business

Court to Rule June 30 On Bail For CBEX Operators

The Federal High Court in Abuja has adjourned ruling on the bail applications of three detained promoters of Crypto Bridge Exchange (CBEX) accused in...

Yemisi Lanre-Idowu -

Nigeria

NNPC Cautions Public About Fraudsters Seeking Payments From Investors

The Nigerian National Petroleum Company Limited (NNPC) has alerted the public of fraudsters posing as company representatives and requesting payments from investors. In a statement,...

Yemisi Lanre-Idowu -

Business

SEC Issues Warning Against Investing In Punisher Coin

The Securities and Exchange Commission (SEC) has issued a warning to Nigerians against investing in Punisher Coin, also known as $PUN, a cryptocurrency deemed...

Yemisi Lanre-Idowu -

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SMEDAN ₦100m Grant: How To Participate

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a ₦100 million funding initiative aimed at creating 100 millionaire entrepreneurs through business grants, training and market opportunities. The initiative forms part of the 2026 GROW Nigerian Conference, scheduled for November 8 to 10 at the...

Why FG Is Giving Nigerians ₦50,000 Grant

The Federal Government has explained why it introduced a ₦50,000 cash grant for vulnerable Nigerians, citing rising food prices, the high cost of essential goods and increasing financial pressure on households. The initiative, known as the National Emergency Relief and Stabilisation Intervention (NERSI), was announced on October 30,...

31 States Spend ₦45bn on Fuel in Six Months: Analysis

Thirty-one Nigerian state governments spent a combined ₦45.04 billion on fuel for official vehicles, plants and electricity generators during the first six months of 2026. The expenditure represents a 14.35 per cent increase from the ₦39.38 billion recorded by the same states during the corresponding period in 2025. The...