Abuja, July 9, 2025 Aliko Dangote, Africa’s richest man and founder of the Dangote Group, has sent an open letter to President Bola Ahmad Tinubu, warning against moves that could lead to a monopoly in Nigeria’s petroleum downstream sector. In the letter, Dangote highlights growing concerns among 200,000 independent fuel retailers, represented by the Petroleum
Abuja, July 9, 2025 The Nigerian House of Representatives has proposed a constitutional amendment to reserve 10% of National Assembly seats for women and 5% for persons with disabilities (PWDs). Speaker Tajudeen Abbas announced the initiative during the 10th Assembly’s second Open Week in Abuja. If approved, this structure would add 55 reserved seats for
Nigeria’s quest for food security is facing a major setback as escalating insecurity and the adverse effects of climate change continue to hamper agricultural productivity, pushing the country dangerously close to a full-blown food emergency. Recent assessments by local and international agencies indicate that over 30.6 million Nigerians are currently battling acute food insecurity, with
Abuja, July 9, 2025 Widespread public outrage has greeted the federal government’s plan to implement a cost-reflective electricity tariff across the country. This follows a recent announcement by the Minister of Power, Adebayo Adelabu, that the transition is necessary to curb the ballooning debt of over ₦4 trillion currently owed within Nigeria’s power sector. Speaking
Copenhagen, July 9, 2025 Denmark is set to become the first European country to grant citizens copyright ownership of their face, voice, and physical likeness in response to growing concerns over AI-generated deepfakes. The proposed law, backed by a broad parliamentary majority, is expected to be finalized this autumn and submitted for EU-wide support during Denmark’s upcoming
In a major policy shift, the United States Department of State has announced an update to its nonimmigrant visa issuance rules for Nigerian passport holders. Effective Tuesday, July 9, 2025, the U.S. will now issue most categories of nonimmigrant and non-official visas to Nigerians on a single-entry basis, with a validity period of just three
In a major boost for Nigeria’s oil and gas industry, over 130 indigenous companies have tapped into the $400 million Nigerian Content Intervention (NCI) Fund to enhance capacity and deepen local participation in the sector. The move marks a significant step forward in the nation’s long-standing drive to promote local content and reduce dependence on
In a significant development that could shape the pricing dynamics of petroleum products across Nigeria, the Dangote Petroleum Refinery has officially reduced its ex-depot price for Premium Motor Spirit (PMS), commonly known as petrol, to ₦820 per litre. This adjustment, confirmed by sources within the oil and gas industry, comes as part of efforts by
In a decisive move to promote transparency and efficiency within Nigeria’s banking sector, the Central Bank of Nigeria (CBN) has issued a fresh set of operational guidelines aimed at standardising credit reporting practices among commercial banks and other financial institutions. The apex bank stated that the new rules are designed to enhance data accuracy, ensure
Abuja, July 9, 2025 The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has shut down the Schengen visa application centres for France, Belgium, and Italy in Abuja over repeated violations of consumer rights and obstruction of investigation. The centres, operated by TLSContact, were sealed following several unresolved complaints from Nigerians who
