January 2026 – Page 26

CBN seeks long-term capital for Nigeria’s financial reforms

29.01.2026

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has said Nigeria’s financial sector reforms depend largely on sustained access to long-term capital from development finance institutions. Cardoso stated this on Wednesday in Abuja while hosting a delegation from British International Investment, led by its Chair, Ms Diana Layfield, alongside the British High...

Dangote Refinery Increases Petrol Price by N100 Per Litre

29.01.2026

Petroleum marketers lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery are now required to pay an additional N100 per litre to pick up petrol for which payments had already been processed, following the sudden upward review of the refinery’s ex-depot price. Findings by The PUNCH showed that marketers who completed payment and processed...

NUPRC Remits Record N8.5tn, Tops Revenue Agencies in 2025

29.01.2026

The Nigerian Upstream Petroleum Regulatory Commission has remitted a record N8.503tn revenue to the Federation Account jointly run by the federal, state, and local governments, between January and December 2025, The PUNCH reports. The amount represented a 17 per cent increase over the N7.265tn remitted in 2024 and emerged as the highest contribution by any...

Nigeria Opens 50 Oil Blocks for 2025 Licensing Round

29.01.2026

The Nigerian Upstream Petroleum Regulatory Commission has opened 50 oil and gas blocks across five sedimentary basins for bidding and exploration in the 2025 licensing round, warning that only technically competent and financially strong firms will be allowed to scale through the process. The commission said the exercise is designed to eliminate speculative participation and...

Kogi partners with telcos on telecom infrastructure

29.01.2026

The Kogi State Government has taken decisive steps to address recurring disputes with telecommunication companies over the laying of fibre-optic cables and the protection of telecom infrastructure across the state. To resolve the issues and prevent future confrontations, the State Commissioner for Works, Mohammed Yusuf, who also chairs the Government’s Infrastructure Team, on Wednesday convened...

PenCom pays N8.70bn in arrears to 2,116 NSITF retirees

29.01.2026

The National Pension Commission has approved an upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund, increasing their total monthly pension payments from N12.56m to N159.95m. In a statement on Wednesday, PenCom said that the upward review translated to an unprecedented 1,173 per cent enhancement in the total monthly payout...

NCC Reports Improved Telecom Network Quality in Q4 2025

29.01.2026

The Nigerian Communications Commission on Wednesday said its Q4 2025 industry performance data shows measurable improvements in network quality and service delivery across the country, as the regulator deepened efforts to promote transparency and accountability in the telecommunications sector. At the virtual media engagement held to present the Q4 2025 Industry Performance Reports, the commission...

Unions Reject Enugu Airport Concession, Threaten Strike

29.01.2026

Aviation workers’ unions have rejected the Federal Government’s concession of the Enugu airport, describing the process as insensitive, opaque, and exclusionary, warning that industrial action may follow if the decision is not reversed. The unions—the Air Transport Services Senior Staff Association of Nigeria, the National Union of Air Transport Employees, and the Association of Nigeria...

Facebook to Showcase Creator Tools at African Creators Summi

29.01.2026

Facebook will take centre stage at the 2026 African Creators Summit, offering on-ground experiences aimed at connecting with the continent’s expanding digital talent. The summit, scheduled for Thursday, 29 January, at Lagos’s Federal Palace Hotel, brings together creators, storytellers, innovators, and digital entrepreneurs. This year’s theme, “Building a Sustainable Ecosystem Where Africa Trades Its Swag”,...

Motivair Expands Liquid Cooling for AI with New CDU Solution

29.01.2026

Motivair by Schneider Electric has announced the launch of its new MCDU-70 Coolant Distribution Unit, describing it as a scalable, high-performance solution for next-generation AI data centres. The company said the announcement marked a significant expansion of its liquid cooling portfolio, designed to meet the growing thermal demands of high-density computing environments. The firm created...