The Senate has passed the Nigeria Mines Rangers Service Establishment Bill, 2025, marking a significant step toward curbing illegal mining and enhancing regulatory oversight in the nation’s solid minerals sector. The bill’s passage followed the presentation of a report by Senator Ekong Samson, Chairman of the Senate Committee on Solid Minerals Development. The proposed Mines…
In response to the recent industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) against the Dangote Refinery, the House of Representatives has passed a resolution aimed at safeguarding strategic private investments from future disruptions. The resolution followed the adoption of a motion jointly sponsored by Hon. Ado Doguwa and…
In a landmark move, Saudi Arabia has opened the door for Nigerians and other foreign nationals to own property in the Holy City of Makkah, as part of the newly launched King Salman Gate project — a transformative urban development initiative. The announcement was made by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz…
The Standards Organisation of Nigeria (SON) has reiterated its dedication to enhancing Nigeria’s trade capacity and expanding the export of locally made goods through its export certification scheme, SONEXCAP. Speaking during the 2025 World Standards Day in Lagos, SON Director-General, Dr. Ifeanyi Okeke, urged manufacturers and exporters to take advantage of the scheme, which helps…
The Federal Competition and Consumer Protection Commission (FCCPC) has thrown its support behind the Central Bank of Nigeria (CBN)’s draft guideline mandating banks to refund customers within 48 hours for failed ATM transactions. FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, announced in a statement on Monday, October 13, 2025. The endorsement follows the FCCPC’s September…
The Nigeria Labour Congress (NLC) has criticised Vice President Kashim Shettima for siding with Dangote Refinery in the dispute with PENGASSAN. In a statement marking World Day for Decent Work, NLC President Joe Ajaero accused Shettima of prioritizing corporate interests over the welfare of Nigerian workers. He called the ongoing violations of workers’ rights a…
The World Trade Organization (WTO) has revised upward its forecast for global merchandise trade growth in 2025, citing a boom in AI-related goods and a rush of exports to the U.S. ahead of incoming tariff hikes by President Donald Trump. 📈 Key 2025 Trade Forecast Updates: 🔠Drivers of 2025 Trade Surge: 🇺🇸 Impact of…
The World Bank has revised its economic growth forecast for Nigeria and other sub-Saharan African countries, projecting a stronger expansion of 3.8% in 2025, driven by easing inflation and more stable macroeconomic conditions. This upgrade follows recent monetary policy adjustments, including the Central Bank of Nigeria’s decision last month to lower its benchmark interest rate…
The Central Bank of Nigeria (CBN) has announced new limits for agent banking operations across the country, capping daily cash-in and cash-out transactions at N100,000 per customer, and N500,000 weekly. The move is part of efforts to boost financial inclusion, reduce cash handling risks, and strengthen oversight. According to a circular issued on October 6,…
The Dangote Group has kicked off construction of a massive 2.5 billion fertiliser plant in Gode, Ethiopia, in partnership with Ethiopian Investment Holdings. The plant will produce 3 million metric tonnes of urea annually, using natural gas from Ethiopia’s Hilal and Calub reserves. At the groundbreaking ceremony, Ethiopian Prime Minister Abiy Ahmed hailed the project…
