President Bola Tinubu has sacked the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari and replaced him with Engineer Bashir Bayo Ojulari. Bayo Onanuga, Special Adviser to the President on Information and Strategy, announced this in a statement on Wednesday, added that the president also dissolved its board, removing the Chairman, Chief Pius Akinyelure. The Special Adviser said Tinubu invoked his powers under section 59(2) of the Petroleum...

President Bola Tinubu has approved the amended Investment and Securities Act (ISA) 2024, a move that promises to strengthen Nigeria’s capital market and boost investor confidence. The Securities and Exchange Commission (SEC) announced the development, describing it as a game-changer for the financial sector. “The new Act also introduces transformative provisions to further align Nigeria’s market operations with international best practice,” the SEC stated. One key highlight of the new law is the enhanced regulatory...

The federal government has concluded plan to establish “Renewed Hope Cultural Villages” across the 36 states to promote Nigeria’s rich cultural heritage and boost the creative industry. In a statement, Abiola Abdulkareem, Special Assistant to Hannatu Musawa, the Minister of Art, Culture, Tourism, and Creative Economy, said the project is aimed at preserving Nigeria’s cultural heritage, promoting tourism, and driving economic growth. “The cultural villages will be established in collaboration with state governments, with the...