Author: Ogochukwu Ndubuisi

FG to Launch Platforms to Enhance Transparency, Track Performance of MDAs Federal Government will, on July 14, officially launch three new digital platforms designed to enhance transparency and track the performance of Ministries, Departments, and Agencies (MDAs). This is contained in a statement issued by ​Mr Aliyu Umar Aliyu, the Head of Communication and Strategy at the Bureau of Public Service Reforms (BPSR), on Wednesday in Abuja. ​The initiative is aimed at tackling the age-old issues of institutional corruption, missing files, and fragmented tracking of government promises across Ministries, Departments, and Agencies (MDAs). ​According to Aliyu, the official unveiling will…

Tax: Lagos Chamber of Commerce Seeks One-Month CIT Filing Extension, Waiver The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigeria Revenue Service (NRS) to grant a one-month extension for the filing of Company Income Tax (CIT) returns. The appeal followed widespread technical glitches that occurred on the newly introduced Rev360 tax platform. Director General, LCCI, Dr Chinyere Almona, made the appeal on Wednesday in Lagos via a statement. She also appealed to the NRS to waive penalties for companies that were unable to file their returns by the Tuesday statutory deadline due to the portal’s failure. Almona…

Oil Prices Increase on US, Iran Back-and-Forth Negotiations Oil prices increased on Wednesday as the lack of progress in negotiations between the US and Iran reinforced concerns over potential supply disruptions in the Middle East, despite continued recovery in tanker traffic through the Strait of Hormuz. International benchmark Brent crude traded at $73.02 per barrel at 10.06 a.m. local time (0706 GMT), up around 0.1% from the previous close of $72.95. US benchmark West Texas Intermediate (WTI) rose about 0.1% to $69.57 per barrel, compared with $69.50 in the previous session. Oil prices found support after talks aimed at reaching…

BOI, Kuramo Capital Sign Deal on $170m iDICE Funds Management The Bank of Industry (BOI) has signed a 170.06 million dollars Fund of Funds management contract with Kuramo Capital Management under the Federal Government Investment in Digital and Creative Enterprises (iDICE) Programme. In a statement on Wednesday in Abuja, the BOI Managing Director, Dr Olasupo Olusi, said the Fund of Funds had a minimum size of 170.06 million dollars making it the largest fund under the 617 million dollars iDICE Programme. Olusi said, “Kuramo Capital emerged as the manager of the Fund of Funds component of the iDICE programme. With…

The FTSE Russell has placed its planned reclassification of Nigeria back to Frontier Market status under further review…

What Namibia Can Learn from Angola’s Oil Reform Playbook Namibia has emerged as one of the world’s most promising frontier oil and gas markets, with multi-billion-barrel discoveries positioning the country for first production by 2030. Yet moving from discovery to commercial production requires more than resource potential. It requires an investment framework that provides fiscal certainty, reduces execution risk and enables long-term capital deployment at scale. Angola offers one of Africa’s clearest examples of how targeted upstream reform can reshape an entire sector. These lessons are explored in Crude Oil: Power, Turnaround and Transformation in Angola by NJ Ayuk, Executive…

NIA Unveils Podcast Studio to Boost Insurance Awareness The Nigerian Insurers Association (NIA) has unveiled a podcast studio to improve public engagement and insurance education. The initiative also aims to strengthen digital communication and promote better understanding of insurance services nationwide. Speaking at the ceremony, NIA Chairman, Mr Kunle Ahmed, described the platform as a historic milestone. He said the studio represented a strategic investment in modern storytelling and stronger stakeholder engagement. Ahmed noted that the insurance industry had suffered poor public visibility in spite of its economic contributions. He said insurers had supported Nigeria through claims settlement, risk management…

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has rewarded thousands of customers with over ₦400 million

The South African rand is trading relatively stable against the US dollar, euro, and British pound

NCC Earns Top Spot in BPSR 2026 MDA Rankings The Nigerian Communications Commission (NCC) has been ranked among the top three best-performing Ministries, Departments, and Agencies (MDAs) of the Federal Government in the 2026 Public Service Reforms Performance Assessment conducted by the Bureau of Public Service Reforms (BPSR). In the latest Public Service Reforms Performance Assessment, the Commission was ranked third overall, following a comprehensive evaluation across key reform indicators, including the Self-Assessment Tool (SAT), Freedom of Information (FOI) Compliance Score, Fiscal Transparency and Integrity Index, and official website performance metrics. In the ranking, the Nigerian Investment Promotion Commission (NIPC)…