The House of Representatives on Thursday advanced a bill seeking major amendments to the Central Bank of Nigeria (CBN) Act as part of efforts to improve transparency, governance, and oversight at the apex bank. The bill, sponsored by House Leader Julius Ihonvbere and Jesse Onakalausi, passed second reading without opposition during plenary. Titled A Bill for an Act to Amend the Central Bank of Nigeria Act, 1991, to Allow for […]

The Federal Government has launched a new online platform for gas trading and exchange, marking a major step toward creating a transparent and competitive gas market in Nigeria. Speaking at the launch in Abuja, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, described the initiative—known as the Gas Trading Licence, Clearing House, and Settlement Authorization—as a turning point for the industry. “This milestone event signifies the dawn of […]

The Economic and Financial Crimes Commission (EFCC) is set to arraign former Minister of Labour and Productivity and ex-Governor of Anambra State, Dr Chris Ngige. Ngige was picked up from his residence in Asokoro, Abuja, on Wednesday by operatives of the EFCC. According to family members, the arrest was carried out abruptly, with the former governor taken away before he could change out of his pyjamas. He had previously been […]

The Economic Community of West African States (ECOWAS) has appointed the Chairman of the Dangote Group, Alhaji Aliko Dangote, as the inaugural Chairman of the ECOWAS Business Council (EBC). ECOWAS President, Dr. Omar Touray, announced the appointment during the 95th Ordinary Session of the ECOWAS Council of Ministers held on Wednesday in Abuja. The EBC is an independent platform created to strengthen the private sector, promote sub-regional trade, drive investment, […]