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Nigerian small and medium-sized enterprises (SMEs) have embraced digital payments, but disconnected systems are still slowing them down. That is the central finding of Visa’s Pay and Get Paid 2026 report, which showed that while most SMEs surveyed in Nigeria now use digital payments, many still manage the financialContinue Reading
The Securities and Exchange Commission (SEC) has intensified efforts to strengthen the regulation of online forex and Contracts for Difference (CFD) trading in Nigeria, warning investors against misleading profit claims and the risks associated with digital trading platforms. The Commission disclosed that its draft rules on online forex and CFDContinue Reading
The Nigerian Safety Investigation Bureau (NSIB), has released its preliminary investigation report on the in-flight separation of a passenger-cabin door from a Bombardier Challenger 604 aircraft operated by Triton Aviation Limited in Abuja. The incident, which occurred on October 15, 2026, involved an aircraft with registration number T7-SEI, operating aContinue Reading
The Alternative Bank Limited has appointed Gul Khan as its managing director and chief executive officer, following approval by the Central Bank of Nigeria (CBN). Khan succeeds Hassan Yusuf, the bank’s founding managing director. The appointment was announced in a statement issued by the bank. Khan has more thanContinue Reading
The Organization of Petroleum Exporting Countries (OPEC) has kept its global oil demand growth forecasts unchanged after a series of downgrades this year. The Organization also made a further marginal cut to its outlook for Chinese consumption. In its latest Monthly Oil Market Report, the OPEC forecasts global demand will grow byContinue Reading
The Amnesty International has issued a new report alleging strong cases of neglect by operating oil and gas companies in Nigeria’s Niger Delta region. The Amnesty therefore urged oil companies to contribute to a well-funded environmental restoration fund to finance the comprehensive cleanup of the Niger Delta. The report examinedContinue Reading
The Organization of the Petroleum Exporting Countries (OPEC) crude production rose by approximately 1.97 million barrels per day in October. The output rise was driven mainly by higher production activities in Saudi Arabia and Iraq, according to the group’s latest monthly report. The OPEC’s total crude output reached around 27.16Continue Reading
Global oil market is facing high shipping costs despite Trump administration’s pause in major military strikes against Iran which has reduced fears of another escalation in the Middle East conflict. Gulf oil and natural gas producers continue to face elevated transportation costs, maritime security threats and uncertainty over long-term infrastructureContinue Reading
The Nigerian Gas Association (NGA) is seeking the cooperation of Aradel Holdings Plc to establish strong partnerships with the aim of increasing investment in the gas industry. Both the Association and the indigenous company called for a competitive and liberalised gas market based on willing-buyer and willing-seller principles to accelerateContinue Reading
The Senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASCGOC) has commenced picketing of the headquarters of the Raw Materials Research and Development Council (RMRDC) in Abuja over unresolved labour disputes and alleged violations of workers’ rights. The industrial action followed the expiration of a three-day notice issued toContinue Reading
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