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By Matthew Denis and Seun Ibiyemi As Solewant Group celebrates its 25th anniversary, the company stands tall as a transformative force in Nigeria’s energy sector, charting a story of grit, innovation, and industrial excellence that has redefined pipeline coating, fabrication, and energy services across Africa. From a modest beginning on 6 June 2000, when founder ...
By Matthew Denis The Executive Director and Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Nonye Ayeni, has revealed that Nigeria exported 197 different products valued at US$1.791 billion to 96 countries in the first quarter of 2025. Ayeni made this disclosure on Wednesday at the graduation ceremony for the Class of 2021 ...
Zenith Bank Plc has been named “Best Bank in Nigeria” in the Global Finance Best Banks Awards 2025, winning the award for the fifth time in six years. The Bank was among winners from 36 countries in Africa recognised by the prestigious Global Finance in its 32nd Annual Best Bank Awards. The winners of this ...
…as host communities tell NNPCL to adhere to 30-day timeframe for maintenance Host communities in Okrika and Eleme Local Government Areas of Rivers State have raised concerns over the recent shutdown of the Port Harcourt Refinery by the Nigerian National Petroleum Corporation Limited (NNPCL), warning that it could lead to another spike in fuel prices ...
By Seun Ibiyemi The Presidential Compressed Natural Gas Initiative (P-CNGI) has announced that the compressed natural gas (CNG) sector in Nigeria has attracted more than $500 million in investments and generated over 10,000 direct jobs, less than a year after the initiative began full-scale operations. Programme Director and Chief Executive Officer of P-CNGI, Mr Michael ...
Unity Bank Plc has restated its dedication to expanding electronic payment access and driving financial inclusion through a new strategic partnership with domestic card scheme provider, AfriGo. The move aims to increase card adoption across the bank’s retail customer base. The announcement came during a high-level business engagement held at Unity Bank’s head office in ...
Ecobank Nigeria, in collaboration with Qatar Airways, has celebrated the achievements of outstanding vendors at the recently concluded “Oja Oge by Ecobank” fashion, beauty, and lifestyle fair held in Lagos. According to a statement by the bank’s Head of Corporate Communications, Austene Osokpor, the vibrant three-day event showcased the creativity and entrepreneurial drive of local ...
By Matthew Denis The Federal Ministry of Finance has welcomed Moody’s Investors Service’s decision to upgrade Nigeria’s issuer ratings from Caa1 to B3, with a stable outlook, attributing the positive revision to marked improvements in Nigeria’s external and fiscal positions. The development was announced in a statement released on Sunday and signed by Mohammed Manga, ...
…Reports 13.6% rise in African airlines’ international passenger demand in April 2025 By Seun Ibiyemi The International Air Transport Association (IATA) has appealed to governments worldwide to release $1.3 billion (₦1.95 trillion) in airline revenues that remain blocked from repatriation as of the end of April 2025. In a statement issued on Sunday, IATA’s Director-General, ...
Heirs Holdings Limited, the investment firm led by billionaire entrepreneur Tony Elumelu, has increased its equity in United Bank for Africa Plc (UBA) with the acquisition of 45,034,044 shares valued at approximately N1.54 billion. The transaction was disclosed in a filing on the Nigerian Exchange, signed by UBA’s Company Secretary and Legal Counsel, Bili A. ...
Access Holdings Plc has announced the appointment of Mr Akinyemi Odusolu as an Independent Non-Executive Director of its subsidiary, Access Bank Plc, effective 2 May 2025. The appointment, which has been approved by the Central Bank of Nigeria (CBN), reflects the bank’s strategy to enhance its governance framework by incorporating advanced financial and technological expertise. ...
The Tinubu Stakeholders Forum (TSF), has welcomed the latest data, indicating that Nigeria recorded a net foreign exchange (FX) inflow of 15.2 billion dollars in the first quarter of 2025. Chairman, TSF, Mr Ahmad Sajoh described this feat as a testament to the effectiveness of President Bola Tinubu’s bold economic reforms. “The figures, presented at ...
The Federal Inland Revenue Service (FIRS) has asked the Federal High Court in Abuja to dismiss an application by Binance Holdings Limited seeking to overturn an ex-parte order permitting substituted service of court documents. Justice Inyang Ekwo had, on 11 February 2025, granted FIRS permission to serve Binance with legal documents via electronic means, specifically ...
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has emerged as a standout performer at the 2024 Federal Public Service Innovation Competition, securing both 1st and 3rd place among 155 entries from Ministries, Departments, and Agencies (MDAs) across the country. The Head of the Civil Service of the Federation (HOSF), Mrs. Didi Walson-Jack, announced ...
The Edo Government and Dangote Cement have agreed to deepen collaboration to address operational challenges and unlock new investment opportunities during a high-level meeting at the company’s Okpella plant on Wednesday. Led by Mr Amen Odigie, Managing Director of the Edo State Investment Promotion Office (ESIPO), the state delegation pledged stronger support and improved business ...
… Pushes for more success stories amid Q1 achievements By Seun Ibiyemi The 62nd regular meeting of the Nigeria Customs Service (NCS) Board was held on Tuesday, April 29 2025, at the Service’s Headquarters in Maitama, Abuja. The session was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who ...
...As Telecom stakeholders urge stronger NCC independence The Nigerian Communications Commission (NCC) has announced plans to revise the Nigerian Communications Act of 2003, citing its increasing misalignment with today’s technological advancements and the pressing demands of a digital economy. This declaration was made by the Commission’s Executive Vice Chairman (EVC), Dr Aminu Maida, during a ...
By Seun Ibiyemi The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Organised Private Sector of Nigeria (OPSN) have identified the country’s persistent public sector deficit as the primary challenge in achieving the Federal Government’s ambitious target of transforming Nigeria into a $1 trillion economy by 2030. In a statement, ...
By Seun Ibiyemi The Lagos State Government has officially launched its EcoMove campaign, urging transport unions, mechanics, and residents to collectively embrace environmentally conscious practices in a bid to create a cleaner, healthier city. The campaign places a strong focus on the importance of sustainable transportation in reducing carbon emissions and enhancing public health across ...
By Matthew Denis The Corporate Affairs Commission (CAC) has issued a six-week deadline for unregistered businesses to complete their registration with the Commission. In a public notice released on Tuesday, titled “Public Notice: Carrying on Business in Nigeria Under an Unregistered Name or Acronym,” the CAC warned that failure to comply could lead to criminal ...
The Corporate Affairs Commission (CAC) has given all businesses operating in Nigeria a six-week ultimatum to comply with the registration requirements of the Companies and Allied Matters Act (CAMA), 2020. The Commission in a circular issued on Tuesday in Abuja, said that after the ultimatum, it would take necessary action against erring offenders who fail ...
...Targets bigger global market share By Matthew Denis The Executive Director and Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Nonye Ayeni, has disclosed that the agency recorded its highest non-oil export value in history, reaching $5.45 billion in 2024. This marks the most significant achievement since the Council’s establishment 49 years ago. ...
By Matthew Denis The Federal Government has finalised arrangements to commence payment of the outstanding five-month N35,000 wage award arrears to civil servants. This was confirmed in a statement issued on Monday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation (OAGF), in Abuja. According ...
