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Seun Ibiyemi

2,051 stories

  1. Energy

    SAIPEC: FG calls for local content, sustainability, regional collaboration

    The Federal Government through the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D., has emphasized local content development, sustainability, and Africa’s financial independence in the energy sector during Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) 2025, Nigeria’s Speaking on the theme “Building Africa’s Future: Advancing Local Content and Sustainable Development in ...

  2. Money market

    CBN reschedules February 2025 MPC meeting

    The Central Bank of Nigeria (CBN) has rescheduled the 299th meeting of its Monetary Policy Committee (MPC). The apex bank shifted the meeting which was initially scheduled for February 17 and 18 to February 18 and 19. The CBN announced the change in a statement on Monday. The statement read, “The Central Bank of Nigeria ...

  3. News

    NRC, APM Terminals relaunch Lagos-Ibadan cargo train

    …Rail service will ease port congestion - APMT The Nigerian Railway Corporation (NRC) in collaboration with APM Terminals, Apapa on Monday resumed the Lagos-Ibadan cargo train with 35 containers departing the Lagos Port container terminal for Moniya in Ibadan, Oyo State. Speaking during the re-launch of the Lagos-Ibadan cargo train on the standard gauge rail, ...

  4. Business

    Manufacturers, NECA bemoan increase in NPA, Customs levy hike

    ...Say hike will increase smuggling, threaten investments The Manufacturers Association of Nigeria (MAN) has expressed concerns over the proposed 15 percent increase in port-related charges by the Nigerian Ports Authority (NPA). This is even as the Nigeria Employers’ Consultative Association, NECA, has rejected the recent introduction of the 4 percent Customs Administration Charge on Free ...

  5. Money market

    Access Holdings thrives Post-Wigwe: A year of strategic expansion and resilience

    Following the untimely passing of Herbert Wigwe in February 2024, Access Holdings Plc has demonstrated exceptional resilience and growth under the leadership of Acting Group CEO Bolaji Agbede. The financial institution has not only maintained its stability but has also achieved significant milestones in the past year. Recall that Herbert Wigwe, former group CEO of ...

  6. Capital Market

    Equities market enjoys bullish trend as investors gain N883bn in one week

    The Nigerian equities market sustained the bullish trend recorded last week as investors gained N883.7bn on the trading floor of the Nigerian Xchange (NGX) in a perfect trading week. Recall that investors recorded a gain of N1tr the previous week. In the current week, the equities market gained in all the five trading days. The ...

  7. Business

    Lagos inks MoU for construction of Lekki Airport

    In a bid to boost the economy, the Lagos State Government has signed a Memorandum of Understanding (MoU) with the internationally renowned construction company, Summa Group, for the development and construction of the Lekki-Epe International Airport. Governor Babajide Sanwo-Olu announced the agreement during the weekend via his official X (formerly Twitter) account. Sanwo-Olu described the ...

  8. Maritime

    Retreat: NIWA MD , Oyebamiji calls for improved revenue performance, accountability

    The Managing Director of National Inland Waterways Authority (NIWA), Mr Bola Oyebamiji, has called on the management and staff of the brown water regulatory agency to show renewed commitment to boosting revenue generation, enforcing accountability, and improving operational efficiency of the organisation. Declaring the retreat open on Friday, the managing director/chief executive officer of NIWA, ...

  9. Maritime

    Exporters decry $10m losses over NXP integration at TTP

    Association of West African Exporters and Maritime Professionals (AWAEMAP) says its members recorded over 10 million dollars in losses due to Nigeria Export Proceeds (NXP) integration into the Truck Transit Park portal. The president of the association, Mrs Olubunmi Olumekun, said this in a statement made available to newsmen in Lagos on Friday. Olumekun stated ...

  10. Aviation

    NASS confirms Najomo as DG of NCAA

    ...NCAA urges strict procurement to curb financial leakages in aviation The National Assembly has confirmed the appointment of Capt. Chris Najomo as the Director General of the Nigeria Civil Aviation Authority (NCAA). The confirmation was announced on the official X, formerly Twitter, handle of the NCAA @NigeriaCAA on Thursday. The post read, “Capt. Chris Najomo ...

  11. Energy

    Electricity workers picket IBEDC for sacking staff

    ...Affected staff sacked due to poor performance — Management Aggrieved Electricity Workers under the auspices of National Union of Electricity Employees (NUEE) today (Thursday) picketed the Ibadan Electricity Distribution Company (IBEDC) due to issues bordering on staff welfare. However, the management of IBEDC has disclosed that its staff are not on strike, as being erroneously ...

  12. Business

    LCCI seeks suspension of 4% Customs processing charge

    The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government and Nigeria Customs Service (NCS) to suspend enforcement of the newly introduced four per cent processing charge. The Director General, LCCI, Dr Chinyere Almona made the call on Thursday in Lagos, via a statement. Almona expressed concerns over the abrupt implementation of ...

  13. Business

    TUC, Manufacturers kick against proposed 65% hike in electricity tariff

    ...2013 Power sector privatisation yet to yield results — MAN The Trade Union Congress of Nigeria (TUC) has rejected the proposed 65 per cent increase in electricity tariffs. This is even as Manufacturers Association of Nigeria (MAN) cautioned the federal government against any fresh increase in electricity tariffs, warning that such a move would harm ...

  14. News

    NRC, APMT plan to expand cargo movement

    The Nigerian Railway Corporation (NRC) has concluded arrangements with APM Terminal (APMT) to begin expansion of cargo movement from Apapa Port in Lagos to NRC Freight Yard at Moniya, Ibadan. This is contained in a statement signed by Mr Yakub Mahmood, Deputy Director, Public Relations, NRC, on Thursday, in Lagos. The decision was reached during ...

  15. News

    Lagos govt slams N50,000 fine on overspeeding motorists, introduces ITS

    The Lagos State Government on Thursday announced the introduction of the Intelligent Transportation System (ITS) at four locations across the state. Additionally, the state government announced that, henceforth, drivers who overspeed will be fined N50,000, while red light offenders will be fined N20,000. Addressing newsmen on Thursday in Lagos, the Honourable Commissioner for Transportation, Oluwaseun ...

  16. Business

    Customs orders area controllers to sensitise importers, agents on 4% FOB levy

    The Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi has ordered all Customs Area Controllers (CAC) to sensitise importers and stakeholders about the recently introduced 4% Free On Board (FoB) levy. The CG in a circular NCS/FATS/ABJ/S.797, signed by Deputy Comptroller-General Finance, Admin and Technical Services, B.M Jibo, said the 4% Free on ...

  17. Business

    Why Tinubu increased 2025 Budget to 54.3trn — Minister

    ...Nigeria must turn debt into economic asset — Shettima The 2025 budget was increased from N49.7 trillion to N54.2 trillion to strengthen key economic sectors and infrastructure projects, Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, has revealed. Speaking to journalists at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, on Wednesday, ...

  18. News

    Okpebholo appoints pioneer chairman for Edo State Commission for persons with disabilities

    Edo State Governor, H E Monday Okpebholo has appointed Theophilus Egbodion, a Seasoned Professional and Dedicated Public Servant as the pioneer Chairman Edo State Commission for Persons with Disabilities. The appointment was conveyed in a letter signed by the Secretary to the State Government; the letter reads thus “I write to inform you that the ...

  19. Energy

    Electricity: FG to roll out seven million smart meters in 2025

    The federal government through its Presidential Metering Initiative PMI, is accelerating a nationwide rollout of seven million prepaid meters, starting this year. This is expected to finally put an end to the practice of estimated billing, giving consumers confidence in what they are paying for and ensuring transparency in electricity charges. The Special Adviser to ...

  20. Maritime

    NPA commences mandatory implementation of NXP for export cargo

    In a move aimed at enhancing efficiency in export cargo processing, the Nigerian Ports Authority (NPA) has mandated the implementation of the Nigeria Export Proceed (NXP) as a compulsory requirement for all export-bound cargo trucks entering the nation’s ports. The policy is designed to streamline export operations and ensure proper documentation of export proceeds ...