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Fixing Post‑harvest Losses: Minister Links Energy Access To Food Security
…As REA signs 7 MOUs The minister of Power, Joseph Tegbe, has said that poor electricity access is a major driver of post‑harvest food losses in Nigeria, urging a shift from counting connections to delivering power that directly boosts farming productivity, preserves crops and expands agro‑processing—moves he called essential to strengthening food security a
CBN Unveils Electronic Portal, Tightens Rules for BDCs’ FX Purchases
The Central Bank of Nigeria (CBN) has introduced a new regulatory framework for the purchase of foreign exchange by Bureau De Change (BDC) operators through Authorised Dealer Banks in the Nigerian Foreign Exchange Market (NFEM), unveiling an electronic portal as part of efforts to enhance transparency, compliance and liquidity in the retail foreign exchange
Nigeria’s Oil Output Rises To 74‑month High, Hits 1.735mbpd
Nigeria’s oil output climbed to a 74‑month high in June, averaging 1.735 million barrels per day of crude and condensate as stable operations and minimal pipeline outages boosted production, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stated on Sunday. The NUPRC Crude Oil and Condensate Production 2026 Report showed that the June figure — m
Nigeria’s Crude Output Meets 104% of OPEC Quota Averages 1.56mbpd in June
Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a 4th consecutive month, the NUPRC said in its Crude Oil and Condensate Production 2026, report released on Sunday. In the month under review, crude oil production hit 1.56mbpd […]
Land Grabs Trigger Power Disruption In Maitama – AEDC
Residents, businesses, diplomatic missions and government institutions in Abuja’s Maitama district have been thrown into darkness after the Abuja Electricity Distribution Company AEDC said it was forced to shut down operations at its C2 Maitama Substation following what it described as an unlawful invasion and encroachment by suspected land grabbers. In a st
Letterhead Deadline: SMEs Brace For Compliance Costs As CAC Enforcement Looms
Thousands of small and medium-sized businesses across Nigeria may face unplanned expenses in the coming weeks as they scramble to redesign letterheads, invoices and other official documents ahead of the Corporate Affairs Commission’s (CAC) August 1 enforcement deadline, industry watchers say. The commission announced in a public notice on Wednesday that it w