CAC To Deploy AI Agent As Company Registration Backlog Hits 7,000
The Corporate Affairs Commission (CAC) has announced plans to introduce an Artificial Intelligence (AI) agent to help clear the backlog of company registrations, which has now risen to over 7,000 pending applications. The commission explained that the delay was caused by increased demand for business registrations, limited manpower, and system inefficiencies. According to the Registrar-General, […]
Nigerians Have Been The Backbone Of Our Success — Apams Boss Declares @55
The Chief Executive Officer of Apams Funeral Services, Mr. Kevin Chukwumobi, has expressed gratitude to Nigerians as he marked his 55th birthday. Speaking at a thanksgiving event, he acknowledged that the company’s achievements over the years would not have been possible without the unwavering support and trust of Nigerians. According to him, the people remain […]
Monthly Average Bonny Light Crude Oil Prices (barrel/$) In 2025
In 2025, the price of Bonny Light crude oil has shown fluctuations each month. Based on publicly shared data from market watchers: Month Approximate Average Price (USD/barrel) January 80.76Â February 77.08Â March 74.44Â April 69.07Â May 65.90Â June 73.50Â July 73.18 Â As of May, CEIC data reports Bonny Light at $64.83/barrel , which aligns […]
Palestine Seeks £2 Trillion In Reparations From UK
The Palestinian Authority has demanded £2 trillion in reparations from the United Kingdom, citing Britain’s role in the 1917 Balfour Declaration, which paved the way for the creation of Israel. Palestinian officials argue that the declaration caused decades of displacement, suffering, and conflict for the Palestinian people. According to reports, Palestinian leaders believe the UK […]
CBN Removes 7 Banking Barriers For Nigerians Abroad
The Central Bank of Nigeria (CBN) has announced the removal of seven major banking barriers that have long made financial transactions difficult for Nigerians living abroad. This decision is aimed at making banking more seamless for the diaspora community, especially in areas like opening accounts, accessing online platforms, and sending or receiving remittances. The move […]
How Kenya Collects More Taxes Than Nigeria With Fewer People
Kenya has continued to surprise many economists by collecting more tax revenue than Nigeria, despite having a smaller population and economy. While Nigeria is Africa’s largest economy and most populous nation, its tax-to-GDP ratio remains among the lowest on the continent. Experts say Kenya’s success lies in better tax administration, stricter enforcement, and a wider […]
Why DAPPMAN’s Outdated Business Model Crumble Against Dangote Refinery
The entry of the Dangote Refinery into Nigeria’s oil and gas sector has changed the game, leaving many players, especially the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), struggling to keep up. For years, DAPPMAN’s members thrived on importation and distribution of refined petroleum products. But with Dangote’s refinery now producing locally, that […]
Dangote Begins Free Fuel Deliveries To Marketers
The Dangote Refinery has started delivering fuel free of charge to independent marketers across parts of Nigeria, a move expected to reduce pump prices and ease distribution costs. According to the president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Shettima, fuel marketers in Lagos, Ogun, Ondo, and other South-West states have already […]
Naira records second straight depreciation against US dollar
The Nigerian Naira continued its slide against the US dollar on Thursday, marking the second day in a row of depreciation in the official foreign exchange market. According to figures from the Central Bank of Nigeria (CBN), the Naira closed at ₦1,498.98 per dollar, weaker than Wednesday’s rate of ₦1,494.03. This represents a daily drop […]
United Capital Losses Six Staffs In Lagos Afriland Towers Inferno
The tragic fire at Afriland Towers on Broad Street, Lagos Island, has now claimed 10 lives. United Capital Plc confirmed on Thursday that six of its staff members died in the inferno, according to News360 Nigeria. This sad news follows an earlier statement from the Federal Inland Revenue Service (FIRS), which revealed that four of […]