Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation (WTO), has called on the Federal Government to move beyond economic stabilisation and prioritise job creation and the attraction of global investments to drive sustainable growth.
Okonjo-Iweala made the remarks on Wednesday during a fireside chat at the Nigeria House on the sidelines of the ongoing World…
The Federal Competition and Consumer Protection Commission (FCCPC) has commenced full enforcement actions against digital money lenders (DMLs) that failed to comply with Nigeria’s 2025 Digital Lending Regulations, marking a decisive move to rein in harassment, data abuse and exploitative lending practices across the country’s fast-growing fintech sector.
The enforcement follows the expiration of the…
The Federal Government has announced plans to integrate Islamic finance standards into Nigeria’s national financial reporting system, a move aimed at strengthening transparency, improving financial inclusion, and aligning the country with global best practices.
The initiative is expected to harmonise non-interest financial institutions with existing reporting frameworks, ensuring that Islamic finance products are captured clearly,…
Coconut is one of the most abused resources in Nigeria — not because it lacks value, but because we insist on seeing an industrial crop as nothing more than food.
For many people, coconut begins and ends with drinking the water, extracting the milk, or cooking coconut rice. And once that is done, the shell…
If crops had reputations, sesame seed—our beloved beniseed—would be that quiet achiever. It doesn’t shout like cocoa or swagger like oil palm, yet everywhere it goes, value follows. From the fertile plains of the Benue Valley to gourmet kitchens in Asia and Europe, sesame carries a story of culture, nutrition, and untapped wealth waiting to…
A petrol price war is intensifying across Nigeria’s downstream oil sector as several fuel retailers have reduced pump prices for Premium Motor Spirit (PMS) below the ₦739 per litre benchmark set by the Dangote Petroleum Refinery.
The development marks a new phase in the evolving competitive landscape of Nigeria’s deregulated fuel market, following Dangote Refinery’s…
Nigeria has taken a significant step toward modernising its downstream oil and gas sector with the launch of the country’s first fully automated, unmanned fuel stations.
A.A. Rano Nigeria Limited, founded by oil magnate Alhaji Auwalu Abdullahi Rano, has unveiled the innovative stations, which will operate 24 hours a day without on-site attendants, offering customers…
1. Definition & Context
Oil palm production involves the cultivation of the oil palm tree (Elaeis guineensis) and the processing of its fresh fruit bunches into crude palm oil (CPO), palm kernel oil (PKO), and related by-products such as palm kernel cake and palm wine. These outputs serve as essential raw materials for food, cosmetics,…
Nigeria experienced a widespread power outage on Monday following the collapse of the national electricity grid, plunging several parts of the country into darkness.Reports indicate that power generation dropped sharply from about 4,800 megawatts (MW) to an alarming low of 139MW, triggering the system collapse and disrupting electricity supply nationwide. The sudden decline affected homes,…
There are men whose influence is not announced by noise, but measured by consistency. In Makurdi, within a sector where precision can mean the difference between life and loss, Pharmacist Emmanuel Otobo Idoko has built a reputation anchored on trust, discipline, and an unwavering respect for standards.Trained as a pharmacist, Emmanuel Otobo Idoko’s academic grounding…
Nigeria’s electricity grid recorded notable improvements in stability in 2025, according to a new report by the Nigerian Independent System Operator (NISO), signaling gradual progress in the management of the nation’s power infrastructure.
The report highlights a reduction in grid disturbances over the review period, a development NISO attributes to strengthened operational control, improved system…
Airtel Africa has announced a landmark partnership with SpaceX’s Starlink to deploy satellite-to-phone services across its 14 markets, including Nigeria, beginning in 2026. The initiative positions Airtel as the first major African mobile operator to roll out direct-to-cell satellite connectivity at scale, and is widely seen as a decisive move toward closing longstanding digital gaps…
