The Pan-African Parliament has selected Gbenga Komolafe to speak at its Sixth Ordinary Session this month in Midrand, South Africa, where continental legislators will spend 14 days examining governance and development policies. Komolafe heads the Nigerian Upstream Petroleum Regulatory Commission and serves as interim leader of the Africa Forum for Petroleum Regulators and Frameworks. His selection reflects recognition of regulatory improvements Nigeria has achieved under President Bola Ahmed Tinubu.
Parliament officials asked Komolafe in an October 17 letter to deliver remarks on legislative structures supporting sustainable upstream regulation across African energy markets. His presentation will reference changes implemented through...
Nigeria's export promotion agency is pushing to bring thousands of small traders operating outside official channels into the formal economy through better data collection and simplified procedures. Nonye Ayeni, who leads the Nigerian Export Promotion Council, said unrecorded commerce across borders accounts for substantial economic activity that national statistics miss, particularly among women and young merchants moving farm products and manufactured items between West African nations.
The council is working with the National Bureau of Statistics to track shipments along key border routes and identify obstacles traders face, such as inadequate roads and complicated paperwork requirements. Officials visited communities in Oyo and...
Nigeria's oil and gas local content authority held a strategic planning session over the weekend in Akwa Ibom State to strengthen oversight practices and boost sector performance. The Nigerian Content Development and Monitoring Board brought together governing council representatives and senior staff to examine statutory duties and coordinate policy implementation. Senator Heineken Lokpobiri, who serves as petroleum resources minister for oil and chairs the council, said the gathering aimed to clarify supervision responsibilities under the 2010 Nigerian Oil and Gas Industry Content Development Act while promoting teamwork between elected officials and administrative personnel.
Capacity Building Director Abayomi Bamidele represented...
Nigeria recorded $3.23 billion in agricultural exports during the first six months of 2025, marking a 19.6 percent jump from the previous year, according to the Produce Export Development Alliance. The organization said products like cocoa, sesame and horticultural goods powered the expansion, which demonstrates increasing global appetite for structured commerce support and renewed strength in farming businesses.
Chief Executive Adetiloye Aiyeola said agricultural shipments climbed by double digits across the past two quarters, though obstacles related to transportation expenses, capital access and regulatory requirements continue limiting farmer profits. The alliance works with COLEAD, a Brussels entity assisting trade and standards...
AXA Mansard Health is urging Nigerian companies to view worker health programs as strategic investments that boost output and profits instead of treating them as expenses. Chief Executive Tope Adeniyi delivered this message at a Lagos breakfast event with human resources executives and business leaders, where participants examined how medical expenses affect staff performance.
Adeniyi said firms that prioritize wellness see better results than those cutting health budgets to reduce costs. Records from the insurance provider demonstrate that organizations investing in preventive care experience lower claim expenses for each worker. When staff members feel sick or stressed, they may be present physically but lack mental focus and...
Nigeria expects to launch its National Housing Data Centre by the end of 2025, a project designed to provide reliable statistics for policymaking and investment decisions in the real estate sector. Dr. Taofeeq Olatinwo, who chairs the Technical Committee on the National Housing Data Programme, said the platform will function as a federated system where state agencies and private developers submit information at regular intervals. The Federal Ministry of Housing and Urban Development is coordinating efforts with global partners such as the World Bank and the African Union for Housing Finance to ensure international standards are met.
The data center will track housing stock, new construction, demolitions, and occupancy rates across the...
Nigeria will implement 50 tax breaks and exemptions starting January 1, 2026, targeting workers with modest incomes alongside small enterprises. Taiwo Oyedele, who chairs the Presidential Fiscal Policy and Tax Reforms Committee, described the changes as among the most inclusive adjustments to the national revenue system in recent decades.
Workers receiving minimum wage or earning up to 1.2 million naira annually will face no personal income tax obligations. Those with gross yearly compensation reaching 20 million naira qualify for reduced payroll withholding rates. Gift receipts escape taxation while pension contributions, health insurance payments and housing fund deposits become deductible. Renters can claim relief equal to 20...
An investment firm based in Nigeria aims to channel 50 billion dollars from international sources toward infrastructure and energy development throughout the country. Woodhall Capital founder Mojisola Hunponu-Wusu announced progress in attracting foreign financing during a gathering at the Presidential Villa in Abuja that brought together state officials and development finance organizations. The company plans to formalize partnerships through agreements with the Forum of State Investment Promotion Agencies and the National Association of Chambers of Commerce, Industry, Mines, and Agriculture.
Investment promotion tours will take place in London, Dubai, and possibly Abu Dhabi as part of outreach efforts. More than 400 attendees...
A Nigerian solar equipment manufacturer received international quality certification for panels assembled domestically, representing progress for the country's clean power industry. LPV Technologies announced on Tuesday that its products earned TÜV SÜD approval after meeting International Electrotechnical Commission requirements. The German certification agency validates equipment safety and reliability across global markets.
Emmanuel Agboola from the company operations division said the recognition proves panels built in Nigeria can match worldwide performance benchmarks. The firm uses Ecoprogetti manufacturing systems from Europe to produce modules with monocrystalline technology that function effectively under varying light...
Trending content
-
-
Q
-
-
