BREAKING: CBN Halts Extension Of Export Proceeds Repatriation For Exporters

The Central Bank of Nigeria (CBN) has issued a circular announcing the immediate suspension of approvals for the extension of export proceeds repatriation on behalf of exporters. Dated January 8, 2025, the directive applies to both oil and non-oil export transactions, marking a significant policy shift aimed at ensuring compliance with existing regulations. The circular…

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Tinubu Hails Petrobras’ Imminent Return To Nigeria After Five Years 

President Bola Tinubu on Monday welcomed the imminent return of Petrobras, Brazil’s state-owned oil company, to Nigeria, five years after it suspended joint venture operations in the country. Speaking at a joint press conference in Brasília during his state visit to Brazil, Tinubu said Petrobras’ comeback would reignite economic cooperation in the energy sector between…

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Benin Republic Electoral Officials Visit INEC ‘To Learn From Nigeria’

A 12-member delegation from Benin Republic’s Autonomous National Electoral Commission (CENA) has visited the Independent National Electoral Commission (INEC) on a study tour. The delegation, led by Sacca Lafia, CENA president, included national commissioners, directors, and senior staff. They were received on Monday by Mahmood Yakubu, INEC chairman, alongside other commission members at INEC headquarters…

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