NAICOM Unveils Revised Annuity Regulations for Insurance Operators   In a move to strengthen the annuity market and ensure greater transparency, the National Insurance Commission (NAICOM) has introduced new regulations governing annuity business, effective February 1, 2025. An annuity is a contract between you and an insurance...

NLC Suggests 5% Telecoms Tariff Increase, Vows to Proceed with Protest   The Nigeria Labour Congress (NLC) has strongly rejected the Nigerian Communications Commission's (NCC) approved 50% telecom tariff hike, calling it "unjust" and a huge burden on Nigerians already struggling with economic hardship. The country’s labour...

NNPC, Marketers Import 633m Litres of Fuel to Address Domestic Shortfall   In a move to address the domestic fuel shortage, the Nigerian National Petroleum Company Limited (NNPCL) and other downstream oil sector marketers brought in a substantial volume of petroleum products in January 2025. The latest...

Nigeria Loses 20% of Gas Exports to Pipeline Vandalism   A recent pipeline attack by suspected vandals has severely impacted Nigeria's liquefied natural gas exports, resulting in a substantial 20% decline. The damage to critical pipelines has disrupted the country's ability to export LNG, highlighting the ongoing...

NNPCL Launches Five LNG Expansion Project in Kogi   The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the construction of five mini Liquefied Natural Gas (LNG) plants in Ajaokuta, Kogi State. The initiative, aimed at expanding Nigeria’s domestic gas utilisation, is expected to boost energy...

MAN Calls for Electricity Tariff Reduction, Caution on GDP Rebasing   The Manufacturers Association of Nigeria (MAN) has reiterated its determination to push for a reduction in electricity tariffs while cautioning the Federal Government against politicising the planned Gross Domestic Product rebasing process. MAN’s leadership, during its...