Author: Ogochukwu Ndubuisi

Reps Probe Mining Marshals Over N2bn Allegation The House of Representatives has resolved to investigate the activities of the Mining Marshals Corps, comprising more than 2,200 personnel drawn from the Nigeria Security and Civil Defence Corps (NSCDC). The resolution followed the adoption of a motion by Rep. Abdulmaleek Danga (APC-Kogi) during plenary on Wednesday. Danga recalled that the Federal Ministries of Solid Minerals Development and Interior inaugurated the specialised security unit on March 21, 2024. He said the unit was established under Section 3 of the NSCDC Act and the regulatory framework of the Nigerian Minerals and Mining Act, 2007.…

The European Commission’s (EC) push to improve banks’ cross-border fungibility of capital and liquidity could remove

Senate Moves to Regulate, Coordinate Foreign Aid, Grants, Donations A bill to coordinate and ensure transparency and disclosure in the management of foreign aid, grants and donations in Nigeria, on Wednesday, scaled second reading in the Senate. The Bill, sponsored by Sen. Ibrahim Dankwambo (PDP-Gombe North), is entitled: “A Bill for an Act to Provide for the Regulation, Coordination, Transparency and Disclosure of Foreign Aid, Grants and Donations in the Federal Republic of Nigeria, 2026 (SB. 1034).” Leading the debate during plenary, Dankwambo said the proposed legislation was aimed at bringing order, accountability and strategic coordination to the management of…

NCC, African Regulators Push Stronger Collaboration for Smarter Digital Governance The Nigerian Communications Commission (NCC) has called for deeper collaboration among African Telecommunications and Communications Regulators to strengthen the use of data, evidence and market intelligence in driving more effective and responsive regulation across the continent. Speaking at the Heads of Regulators Roundtable during the African Telecommunications Union (ATU) Conference of Plenipotentiaries (CPL-26) in Abuja, Dr. Maida said communications regulation has become increasingly central to economic growth, digital transformation, and national development across Africa. He observed that although regulators operate within different market environments and legal frameworks, they face many…

NDIC Begins Payment to Depositors of 46 Failed MfBs The Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposits to customers of the 46 recently failed microfinance banks. The NDIC Managing Director and Chief Executive, Mr Thompson Sunday, disclosed this in an interview with the News Agency of Nigeria in Abuja. The interview took place on the sidelines of the International Association of Deposit Insurers Africa Regional Committee meeting. Sunday said the corporation was using the Nigeria Inter-Bank Settlement System and customers’ Bank Verification Numbers (BVNs) for the payments. He said NDIC had traced depositors’ alternative bank accounts and…

Transcorp Hotels Plc bolstered earnings performance in the first half of financial year 2026 with after-tax profit climbing by 21% year-on-year to N10.5 billion, according to regulatory disclosure.

Trump Approves 30-year Nuclear Pact with Saudi Arabia U.S. President Donald Trump has approved a landmark nuclear deal with Saudi Arabia which would potentially pave the way for uranium enrichment on Saudi soil. According to U.S. media reports, the Wall Street Journal, citing government officials, the deal would help the kingdom build a civilian nuclear programme. The multibillion-dollar agreement is said to have a duration of 30 years, secure a key role for U.S. companies in building Saudi Arabia’s nuclear infrastructure and exclude other foreign competitors. A central provision foresees U.S. companies building a uranium enrichment facility in Saudi Arabia,…

Nigeria Tasks AU on Tackling Illicit Funds Fuelling Terrorism in Africa Nigeria has urged the African Union (AU) to tackle illicit funds that fuel terrorism and violent extremism on the continent. This is in a statement issued by Dr Magnus Eze, Special Assistant on Communication and New Media, Office of the Honourable Minister of Foreign Affairs, on Tuesday in Abuja. The Minister of Foreign Affairs, Amb. Bianca Odumegwu-Ojukwu, made this call on the margins of the 1354th Meeting of the Peace and Security Council (PSC) of the AU at the ministerial level. The meeting was virtually presided over by Haruna…

NCC Calls for Stronger African Collaboration Ahead of Global Telecom Policy Conference The Nigerian Communications Commission (NCC) has called for stronger collaboration among African countries to enhance the continent’s influence in shaping global telecommunications and digital economy policies. This call was made by Dr Aminu Maida, Executive Vice Chairman and Chief Executive Officer of the NCC, at the opening ceremony of the 7th Ordinary Session of the African Telecommunications Union (ATU) Conference Preparatory Committee, which held in Abuja today. He said, “the meeting was convened to prepare Africa’s common positions ahead of the International Telecommunication Union (ITU) Plenipotentiary Conference (PP-26)…

NUPRC Unveils 143 Bidders for 37 Oil Assets in Licensing Round, Targeting 300,000bpd The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 143 prequalified companies submitted 200 technical and commercial bids for 37 oil and gas assets in the ongoing Nigeria 2025 Licensing Round. The Commission Chief Executive, Mrs Onitsemeyiwa Eyesan, said this on Monday in Abuja at the Commercial Bid Conference for the licensing round. Eyesan said the assets were projected to contribute at least 300,000 barrels per day of crude oil and condensate production within three years of development. Eyesan said the exercise attracted about 300 companies at inception…