Nigeria has begun testing its National Single Window platform with regulatory agencies and trade stakeholders as authorities target a March launch for the digital system designed to consolidate documentation and reduce commercial transaction expenses. Technology provider CrimsonLogic guided representatives from the Nigeria Agricultural Quarantine Service, Standards Organization of Nigeria, National Environmental Standards and Regulations Enforcement…

VFD Group has settled its 12.83 billion naira Series 5 Commercial Paper obligation at maturity, demonstrating balance sheet strength amid domestic market turbulence. Folajimi Adeleye, who oversees finance and investor relations for the organization, said internal liquidity generation enabled full payment while reducing short-term liabilities and supporting the company’s credit standing. The financial services firm…

Industry specialists have delivered measured evaluations of the Dangote Refinery while acknowledging operational hurdles alongside potential economic benefits. Chijioke Ekechukwu of Dignity Finance & Investment indicated the facility could reduce foreign exchange strain and generate employment if domestic crude supplies prove sufficient, though procurement difficulties have necessitated imports from the United States and Brazil. The…

Nigerian telecommunications companies experienced a dramatic surge in operational expenses as costs climbed to 5.85 trillion naira from 3.16 trillion naira, representing an 85 percent annual increase, according to Nigerian Communications Commission data. Network operators attributed the escalation to elevated right-of-way charges, challenging macroeconomic conditions and persistent inflation, though regulators secured fee waivers in several…

Okra Solar has introduced hardware designed to extend electricity access across Nigeria’s remote areas, where more than 90 million people lack power connections. Chief Executive Afnan Hannan said the Mesh-grid Beyond system enables energy providers to reach isolated settlements while maintaining commercial viability through integrated components that reduce installation costs and deployment periods. The technology…

All On has committed an additional $250,000 to ICE Solar Commercial Power Limited, building on an earlier investment in the renewable energy provider. The impact investment firm said the funding will help extend solar and battery systems to small and medium enterprises currently dependent on expensive fuel generators for electricity. ICE Solar founder Emmanuel Ekwueme…

Emadeb Petroleum Exploration & Production Company has begun extracting crude from the Ibom Field offshore location following investments exceeding $100 million since acquiring the asset through a marginal field licensing round. Chief Executive Officer Adebowale Olujimi said the development demonstrates local operator capabilities in advancing national energy objectives while generating employment and economic benefits. The…

Nigeria’s tax collection agency has recognized Dangote Cement as the nation’s most compliant major taxpayer for the second consecutive year during ceremonies at the Lagos International Trade Fair. The Federal Inland Revenue Service selected the cement manufacturer following assessments conducted with tax controllers nationwide based on criteria including regulatory adherence, payment timeliness, and professional cooperation….

Nigeria’s petroleum development authority plans to establish a new equity financing mechanism that will supply patient capital to local energy sector businesses requiring sustained investment. Felix Omatsola Ogbe, who leads the Nigerian Content Development and Monitoring Board, indicated the Nigerian Content Equity Fund will receive a formal introduction at an upcoming industry conference targeting strategic…

Nigeria’s electricity sector operated at significantly reduced capacity during a recent assessment period, with most generation facilities unable to supply power to the grid. The Nigerian Electricity Regulatory Commission reported that only 5,506 megawatts from an installed base of 13,625 megawatts were ready for distribution, leaving approximately 60 percent of generation plants unavailable. The commission’s…