CBN Begins Mystery Shopping to Enforce BDC Compliance
The Central Bank of Nigeria (CBN) has announced it will begin conducting mystery shopping visits to Bureau De Change (BDC) outlets as part of efforts to boost compliance with anti-money laundering and counter-terrorism financing regulations.
In a circular signed by Amonia Opusunju, Director of Compliance, the apex bank said the initiative, effective from April 17, is aimed at tightening oversight on illicit financial flows and ensuring BDCs align with global financial standards.
Tinubu International Airport Set to Resume Operations April 23
Flight operations are scheduled to resume at the Bola Ahmed Tinubu International Airport in Minna, Niger State, on April 23.
Festus Keyamo, Minister of Aviation and Aerospace Development, disclosed the update via a post on X. He said the Niger State Government has partnered with Overland Airways to kickstart commercial flights from the airport.
FG to Launch ‘BisonFly’ Discount Program for Civil Servants
The federal government will unveil a new initiative, the BisonFly Project, to reduce air travel expenses for Ministries, Departments, and Agencies (MDAs).
Announced by the Ministry of Finance on April 17, the tech-driven discount system is designed to improve cost efficiency in official air travel.
IMF: Tinubu’s Reforms Will Help Nigeria Withstand Global Economic Shocks
The International Monetary Fund (IMF) has expressed confidence in Nigeria’s economic resilience, citing President Bola Tinubu’s ongoing reforms as a buffer against global shocks.
Axel Schimmelpfennig, IMF Mission Chief to Nigeria, made this statement following consultations in Lagos and Abuja between April 2–15 as part of the 2025 Article IV review.
NNPC Aims to Attract $60 Billion in Oil & Gas Investments by 2030
NNPC Ltd’s Group Chief Executive Officer, Bayo Ojulari, has announced a bold plan to attract $60 billion in investments to the oil and gas sector by 2030.
Speaking during a town hall meeting on April 17, Ojulari also shared goals to increase crude oil production to 2 million barrels per day (bpd) by 2027 and 3 million bpd by 2030. He also aims to scale up local refining capacity to 500,000 bpd by 2030.
Dangote Refinery Cuts Petrol Ex-Depot Price Again — Now N835/Litre
The Dangote Petroleum Refinery has once again slashed its ex-depot price for premium motor spirit (PMS), reducing it to N835 per litre, down from N865 just six days earlier.
Sources within the refinery told TheCable that the move aligns with global crude trends and aims to offer relief to Nigerian consumers.
FAAN Temporarily Closes Enugu Airport for Runway Repairs
The Federal Airports Authority of Nigeria (FAAN) has shut down the Akanu Ibiam International Airport in Enugu for emergency runway repairs.
According to FAAN’s Director of Public Affairs, Obiageli Orah, the airport will be closed from April 22 to May 6 to fix a sudden rupture discovered on the runway.
Keep an eye on these developments as they are set to influence Nigeria’s business landscape in the coming days.
