…to argue that many of the features being challenged are common across the social media industry and should not, by themselves, constitute evidence of wrongdoing. A Meta spokesperson said the states’ claims were unsubstantiated and their financial demands disproportionate, while stressing the company’s record of creatin…

…as compliant with the new minimum capital requirement under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). According to NAICOM, the development marks another significant milestone in strengthening confidence, enhancing financial stability, and promoting professionalism within Nigeria’s insurance industry.…

…Supply Obligation, in accordance with the provisions of Section 109 of the Petroleum Industry Act, showed that a total of 53.7 million barrels of crude oil and condensate were supplied to local refiners between April and June, representing an overall performance of 97.4 per cent. The statistics showed that DCSO is bein…

…in the Federal Government’s ongoing efforts to reposition Nigeria’s legacy steel industry assets as a critical driver of industrialisation, economic diversification, job creation and sustainable national development.” The government had privatised the company to Global Infrastructure Holdings Limited in 2005 in an atte…

…aimed at improving the welfare of veterans, including collaboration with the Bank of Industry to facilitate access to low-digit loans for business enterprises by serving and retired personnel and their families. Oluyede also disclosed that the ongoing construction of the Defence Hospital would reserve a percentage of i…

…alleged that fuel subsidy was?” he queried. The minister noted that under the Petroleum Industry Act, the Nigerian National Petroleum Company NNPC Limited has been fully commercialised and is no longer the sole importer or producer of fuel, making Atiku’s promise difficult to actualise. “Is he going to give fuel subsid…

…his comments should not be interpreted as a call for established musicians to quit the industry. “Music is my blood but I’m not going to be 40 still dragging with guys in their 20s. Jay-z took a break and he is doing his thing,” he said. According to the singer, he could step away from music for an extended period and…

…above what Dangote Petroleum Refinery charges for the same product, according to new industry data that points to a widening price advantage for locally refined fuel. Figures published in the Major Energies Marketers Association of Nigeria (MEMAN)'s latest Energy Bulletin showed that the spot landing cost of Premium Mo…

…moments. Follow Legit.ng on Instagram!Seyi had made the claims while reacting to an industry row involving his former music label boss, Dapper. On August 15, 2026, top Lagos law firm Olaniwun Ajayi LP sent a formal demand letter to the singer on behalf of their client, Hilda Effiong Bassey, popularly known as Hilda Bac…

…collaboration among stakeholders to unlock the full potential of Nigeria’s poultry industry, to enhance food security, job creation and economic growth. Speaking recently at the Poultry Association of Nigeria (PAN), Lagos State Chapter summit themed, “Flocking to Growth: Transforming Nigerian Poultry Industry through I…

…is seeking to address one of the major challenges confronting Nigeria’s mining industry: the difficulty of moving promising mineral projects beyond the early stages of exploration. Although Nigeria has significant deposits of several commercially valuable minerals, many exploration projects struggle to attract the capi…

…Institute of Builders to contribute their technical expertise, research capacity and industry networks to the formulation and implementation of policies aimed at transforming the housing sector. “Government is pursuing the development of Building Materials Manufacturing Hubs across the geopolitical zones precisely to s…

…said the reform could open a new phase of investment in Nigeria’s offshore petroleum industry, where projects typically require billions of dollars and take several years to move from discovery to production. “We are on the right path, all thanks to Mr President. It will be a huge leap. As of today, we have mined over…

The programme is designed for young graduates seeking careers in fleet management, logistics and operationsSuccessful candidates will receive structured technical and professional training, as well as practical exposure to fleet and transportation operationsApplicants must be 30 years old or younger, hold a relevant de…

…believed people would not believe her because of Poco Lee's status in the entertainment industry. Ms Jorji said she was speaking about the alleged incident now following recent reports concerning Poco Lee, adding that she believes the allegations against him because of what she claims to have experienced herself. She a…

…NaicomImagesThe commission acted under powers granted to it by the Nigerian Insurance Industry Reform Act (NIIRA) 2025. PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!A notice conveying the decision was addressed to the chairman of the company's board and dated August 13, 2026. It was…

Standard Bank considers stake in OPay ahead of its US IPO plans in the near futureOPay targets a $4 billion valuation, with expert bank advisors saying it may be one of the biggest fintech IPOs in AfricaInvestment reflects shifting dynamics between traditional banks and fintech companiesPAY ATTENTION: Mark Legit.ng as …

Respect Augustine, a UNILAG graduate with a Master's degree in Industrial Relations and Personnel Management, has gotten a job with Dangote PetroleumAugustine joined Dangote Petroleum and Petrochemicals as an HR Business Partner in Technical Support, marking a major milestone in his HR careerHe shared his excitement on…

…offering motorists some relief amid renewed volatility in the downstream oil market.Industry data obtained by Legit.ng shows that NNPC retail stations are selling Premium Motor Spirit (PMS) at about N1,205 per litre, placing the company below several other major outlets.Motorists rush to buy as NNPC petrol stations sel…

…place during a meeting in which she was seeking his guidance on breaking into the music industry.Her allegations surfaced as the reports of Poco Lee's alleged UK arrest gained traction. However, her claims have also not been independently established by any court or law enforcement agency. There is presently no verifie…

…by these awards and remain committed to setting higher standards of excellence in the industry,” he added. Over the years, the subsidiary of Coronation Group has strengthened its operational footprint by deploying digital platforms across dividend administration, corporate actions management, shareholder registry track…

…capacity, consumption and retail prices. The statement read, “Findings from an industry-wide investigation conducted by the Federal Competition and Consumer Protection Commission suggest possible manipulation of prices of cement in the Nigerian market. This is the preliminary summation of the 40-page field reports coll…

…and Consumer Protection Commission (FCCPC) has said preliminary findings from an industry-wide investigation suggest possible manipulation of cement prices in the Nigerian market. The commission said the findings were contained in 40-page field reports compiled after a three-month cross-border study by its Anticompetit…

…powerful advantage in attracting digital investment. 8. AI is reviving the gas-turbine industry Despite unprecedented renewable-energy investment, AI’s requirement for continuous electricity has produced another surprising development: natural-gas generation is booming. Siemens Energy reported record orders and financi…

…known as Davido, has spoken candidly on the current state of the Nigerian music industry. Featuring in a recent episode of the Uncut Podcast, the ‘Oriade’ crooner pointed out that Afrobeats is now more lucrative than it used to be, but noted that the relationship among Afrobeats artists has significantly deteriorated.…