Senate Slams NNPCL for Rejecting N210trn Audit Investigation   The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over N210tn in its audited reports from 2017 to 2023. Despite being summoned,...

Telcos Recover N107bn from Banks for USSD Debt   The long-term dispute between telecommunications operators and commercial banks over unpaid Unstructured Supplementary Service Data fees appears to be drawing to a close, as telecom companies confirm the recovery of 95 per cent of the N180 billion...

Nigeria Spends $1bn to Upgrade Telecom Infrastructure   Nigeria’s telecommunications sector is set to experience a dramatic improvement in service quality by the third quarter of 2025, driven by a monumental $1 billion investment in network equipment, the Minister of Communications and Digital Economy, Dr...

NCS Impounds Contraband Worth N1.5bn    The Nigeria Customs Service (NCS) Federal Operations Unit, Zone A, Ikeja, said it intercepted seven 20ft containers of contraband worth N1.5bn between April 23, 2025, and to date. The Customs Area Controller in charge of the unit, Mohammed Shuaibu, announced this...

DBN Disburses Over N1trn to MSMEs   The Development Bank of Nigeria Plc (DBN) has announced that it has disbursed over N1tn to Micro, Small and Medium Enterprises (MSMEs) through 79 participating financial institutions across the country. The disclosure was made at a media parley with the...

$600bn Needed Annually for Africa's Energy Development - NUPRC    The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe, has said that Africa will require more than $600bn annually in upstream oil and gas investment to meet its fast-growing energy demands. He...