Category : Search result: Investments and Securities Act


Tax Reforms on Track for January 1 Implementation

The Federal Government confirms Nigeria's major tax reform laws will take effect as scheduled on January 1, 2026. The changes promise relief for 98% of workers and 97% of small businesses. Get the full details.

FMDQ Market Activity Slows, Turnover Drops 24%

Trading activity on the FMDQ Securities Exchange contracted sharply in November 2025. Total secondary market turnover fell by 24.22% month-on-month to N54.64 trillion. Read the full analysis.

Nigeria's Oil Sector: PIA Fails, Distrust Deepens

Despite the Petroleum Industry Act, Nigeria's oil sector remains mired in opacity. NEITI recovers billions, but Dangote Refinery clashes with NMDPRA, exposing deep-seated governance failures. Read the full analysis.

Reps Enforce PIA to Protect Oil-Producing Communities

The House of Representatives Committee on Host Communities commits to enforcing the Petroleum Industry Act, ensuring oil-producing areas get their full benefits. Read about the new oversight and funding model.

Nigeria Rallies Businesses for National Biodiversity Plan

Nigeria intensifies efforts to halt biodiversity loss, mobilising private sector support for its 2025-2030 National Biodiversity Strategy. Business leaders convened in Lagos to shape a practical Business Action Plan aligned with global goals.

US Appeals Harvard Funding Ruling in Legal Battle

The Trump administration appeals a court order to release $2.7 billion in frozen research funds to Harvard University. Get the latest on this major legal and education funding battle.

Senate Confirms New CEOs for Petroleum Agencies

The Nigerian Senate has confirmed Saidu Mohammed and Oritsemeyiwa Eyesan as CEOs of NMDPRA and NUPRC. Read about their confirmation process and the expectations for Nigeria's oil sector.

House of Reps Increases Campaign Spending Limits

Nigeria's House of Representatives has approved higher campaign spending limits for all elective offices, with the presidential ceiling doubled to N10 billion. Read the full details and implications for the 2027 elections.

Reps Raise Campaign Spending Limits for 2027 Polls

The House of Representatives has approved new, higher campaign spending limits for all elective offices ahead of the 2027 general elections. Find out the new ceilings for presidential, governorship, and other candidates.

House Approves Jail, 10-Year Ban for Vote Buyers

Nigeria's House of Representatives has passed stricter penalties for electoral offences, including jail terms and a 10-year election ban for vote buyers. The reforms also mandate real-time electronic transmission of results.

Ahmed defends $5M education spending, welcomes probe

Outgoing NMDPRA CEO Farouk Ahmed dismisses allegations of spending $5m on children's education abroad, invites anti-graft agencies to investigate. Senators Oshiomhole and Jimkuta celebrate his exit, while new nominees chart ambitious reform paths for Nige

Tinubu Names New NERC Board, Oseni as Chairman

President Bola Tinubu has reconstituted the NERC board with Dr. Mulisiu Oseni as Chairman. The new team is tasked with implementing the Electricity Act 2023 to transform Nigeria's power sector. Read the full details here.

NAHCON Denies 2026 Hajj Contract Rollover Claims

NAHCON refutes reports of rolling over 2025 Hajj contracts into 2026. The commission explains emergency Saudi timelines guided its procurement process, in line with Nigerian law. Read more.

NMDPRA, NUPRC Chiefs Resign After Dangote's Allegations

President Tinubu seeks Senate confirmation for new oil sector chiefs after Farouk Ahmed and Gbenga Komolafe resign. The move follows Aliko Dangote's public allegations of multi-million dollar school fees payments. Read the full details.

CFG Africa's ₦1bn Ethical Fund Targets 2026 Growth

CFG Africa unveils a ₦1 billion ethical fund for Sharia-compliant investments. Experts at the Lagos forum urge policy shifts to boost Nigeria's real economy. Discover the strategic path for 2026.

Nigeria's oil rigs stuck at 41 amid OPEC expansion

Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.

NUPRC: Making Oil & Gas Work for Nigerians

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is leading a historic shift towards transparency and accountability in the oil sector, turning a 'resource curse' into a national blessing. Discover how this reform benefits citizens.

Lawyers Condemn Media Trial of NMDPRA CEO Farouk Ahmed

A coalition of 40 lawyers has condemned baseless corruption allegations against NMDPRA CEO Engr. Farouk Ahmed, warning against media trials that undermine Nigeria's oil sector. Read their full defence.

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