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The Nigerian Ports Economic Regulatory Agency (NPERA) has identified regulatory reforms, transparent port charges and predictable business conditions as critical to unlocking affordable capital for indigenous shipowners, saying uncertainty in the maritime business environment continues to increase investment risks and constrain access to finance. The director-general/chief executive officer of NPERA,Continue Reading

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The Vice President, Senator Kashim Shettima, has called for increased collaboration between the government and economic stakeholders, asserting that small business owners must have a meaningful voice in the government’s policy and decision-making processes. Accordingly, he directed the Special Adviser to the President on MSMEs and Job Creation, Mr TemitolaContinue Reading

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The House of Representatives Committee on Public Assets has warned that illegal structures built on federal government rights of way for power transmission projects will be removed, saying encroachment and vandalism are putting public investment in the power sector at risk. The committee’s chairman, Hon. Kuye Ademorin, gave the warningContinue Reading

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OPay has raised $304 million by selling 16 million American depositary shares at $19 each. through its initial public offering (IPO) in the United States, putting its valuation at approximately $4 billion. The company marked the milestone on Friday by ringing the opening bell at the New York Stock ExchangeContinue Reading

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… N70,000 allowance treats symptoms, not cause, group insists The Lagos Chamber of Commerce and Industry (LCCI) has thrown its weight behind the Nigeria Employers’ Consultative Association (NECA), saying wage and allowance arrangements struck between government and labour without the input of employers cannot be sustainable, because the private sectorContinue Reading

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West African petroleum regulatory Agencies are looking at broader partnerships and collaboration that will help deliver harmonised fuel quality standards, improved infrastructure and stronger regulatory coordination to facilitate cross-border trade and reduce market barriers.   Rabiu Umar, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),Continue Reading

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Power sector advocates have welcomed the Federal Government’s plan to raise Nigeria’s electricity transmission capacity from about 5,000 megawatts (MW) to 19,000MW within two years, but say its credibility will rest on execution, not announcements. The plan centres on an East and West Super Grid, for which President Bola AhmedContinue Reading