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Nigerian regulators cooperate to boost oil investments

09.01.2026
The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have renewed efforts to enhance regulatory efficiency and foster investment in the country’s oil and gas sector, signalling a new era of cooperation between the two agencies. A statement signed by Eniola Akinkuotu, Head of Media and Strategic Communication at...
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North Central States Move to Domesticate New State Tax Laws

09.01.2026
As Nigeria begins implementing its new tax laws, legislative momentum is building across the North Central region, with Jigawa, Plateau, Kogi, Nasarawa and Kwara States taking concrete steps to domesticate the reforms and strengthen their revenue frameworks. Separate statements from the Joint Revenue Board said the moves, driven by recently enacted laws and executive assent,...
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UK Investors Drive 65% of Nigeria’s Foreign Inflows

09.01.2026
Nigeria attracted about 65 per cent of its recent foreign capital inflows from United Kingdom investors over the past year, with investments including $7.5m into Babban Gona and $40.5m into Johnvent Industries, the Federal Government has said. The Federal Ministry of Industry, Trade and Investment, in the document titled ‘2025: A Defining Year for Nigeria’s...
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KPMG flags errors and gaps in new Nigerian tax laws

09.01.2026
Nigeria’s newly gazetted tax laws, which became effective on 1 January 2026, contain errors, inconsistencies, gaps, and omissions that could affect businesses and taxpayers, according to a report by KPMG Nigeria. The report reviewed the Nigeria Tax Act and the Nigeria Tax Administration Act, alongside the Nigeria Revenue Service Establishment Act and the Joint Revenue...
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FG Budgets N1.7tn in 2026 to Settle Unpaid Contractors

09.01.2026
The Federal Government has budgeted the sum of N1.7tn in the 2026 Appropriation Bill to settle outstanding debts owed to contractors for capital projects executed in 2024. A breakdown of the proposed 2026 national budget shows that the amount is captured under the line item titled “Provision for 2024 Outstanding Contractor’s Liabilities,” signalling official recognition...
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Tinubu lauds NGX N100tn milestone, urges investment

09.01.2026
President Bola Tinubu has praised corporate Nigeria, citizens, and stakeholders in the Nigerian capital market for helping the Nigerian Exchange surpass the historic N100 trillion market capitalisation milestone, describing it as a signal of a “new economic reality” for the country. In a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga,...
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NUPRC & NMDPRA Partner to Boost Nigerian Oil Sector

09.01.2026
The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have renewed efforts to enhance regulatory efficiency and foster investments in Nigeria’s oil and gas sector, signalling a new era of cooperation between the two agencies. A statement signed by the Head of Media and Strategic Communication at NUPRC, Eniola...
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Expert Urges Nigeria to Update Digital Economy Policies

09.01.2026
An author and governance and development strategist, Afolashade Jubrilla, has urged Nigeria’s policymakers to urgently align government policies, education systems and economic planning with the realities of the digital economy, warning that failure to do so could leave the country lagging behind its global and regional peers. In a statement to The PUNCH, she stated...
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Banks & Telcos Face Deadline for Failed Airtime Refunds

09.01.2026
Banks and telecommunications operators in Nigeria have been given a March 1, 2026, deadline to fully implement a new refund framework aimed at resolving persistent consumer complaints over failed airtime and data transactions. The deadline follows the conclusion of a joint framework developed by the Nigerian Communications Commission and the Central Bank of Nigeria to...
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Unity Bank’s Corpreneurship Challenge Grants N270m to Corps

09.01.2026
Unity Bank Plc has disbursed over N270m in grants to members of the National Youth Service Corps under its Youth Entrepreneurship Development Initiative: Corpreneurship Challenge. In a statement on Thursday, the bank noted that about 608 corps members nationwide have benefited  from the programme since its inception  in 2019. The Corpreneurship Challenge, implemented in partnership...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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