Author: Ogochukwu Ndubuisi

Nigeria Targets $750 Billion in Untapped Minerals With New EMERGE Programme Nigeria has launched a new plan to dig deeper literally into one of its most overlooked sources of wealth. The Early-Stage Mineral Exploration and Research Grant Endowment Programme, known as EMERGE, kicked off this week with one clear goal: unlock an estimated 750 billion dollars in mineral deposits still sitting untouched beneath Nigerian soil. The programme is built around three main pillars. The first focuses on science-driven exploration, using proper geological research to find out exactly what minerals are where and how much of them exist. The second zeroes…

Oil prices are rapidly declining towards the pre-Middle East war range as markets anticipate

Tincan Customs Command Generates N111.2bn May Revenue Tincan Island Port Command of the Nigeria Customs Service (NCS) generated N111.2 billion revenue in May 2026. The Customs Area Controller, Mr Joseph Anani, disclosed this on Wednesday in Lagos during his maiden engagement with maritime journalists. Anani said the meeting was designed to strengthen understanding and cooperation between the command and the media community. “Since assuming office on May 22, 2026, engaging critical stakeholders in the maritime sector has remained a priority,” he said. He described the media as a vital component of customs operations and a strategic partner in achieving institutional…

Kerosene Price Stood at N2,971.94 in May – NBS The National Bureau of Statistics (NBS) says the average retail price of a litre of kerosene decreased from N2,976.94 recorded in April 2026 to N2,971.94 in May 2026. The Bureau said this in its Kerosene Price Watch for May 2026, released in Abuja on Wednesday. It said the May price of N2,971.94 represented a 0.17 per cent decrease compared to what was obtained in April at N2,976.94. The report said the average price per litre of kerosene increased on a year-on-year basis by 36.62 per cent from N2,175.29 recorded in May…

Minister of Steel Development, Prince Shuaibu Audu, has called for collaboration with industry stakeholder

The Nigerian Content Development and Monitoring Board (NCDMB) is set to commence issuing

The Nigerian Exchange (NGX) market capitalisation jumped by about N1.64 trillion …

Namibia Exits FATF Grey List After Reforms Namibia has been removed from the Financial Action Task Force’s (FATF) list of jurisdictions, commonly known as the grey list. Finance Minister Ericah Shafudah said on Tuesday that the country was removed after completing reforms to strengthen its anti-money laundering, counter-terrorism financing, and counter-proliferation framework. Shafudah, who made this known at an event in Windhoek, added that Namibia’s removal from the list on June 19 was a major national milestone, reflecting political commitment, coordinated institutional efforts and sustained implementation of international financial standards. She said, “This outcome reflects political commitment, national coordination, institutional discipline…

Tinubu Transmits State Police Bill to Senate for Consideration President Bola Tinubu has transmitted the Constitution of the Federal Republic of Nigeria (Alteration) State Police Bill, 2026 to the Senate for consideration. The correspondence, dated June 15, was read on the floor of the Senate by the Senate President, Godswill Akpabio, during plenary on Tuesday. In the letter, Tinubu said the proposed legislation sought to amend the 1999 constitution to establish a constitutional framework for the establishment of state police services nationwide. “I am delighted to present to the Senate for consideration the Constitution of the Federal Republic of Nigeria…

Buying interest in top banking names, GTCO, Zenith Bank and FirstHoldco, drove higher key …