Latest in
By Seun Ibiyemi The Consul General of the Embassy of the Republic of Korea in Nigeria, Mr. Lee Sang-ho, paid a courtesy visit to the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, at the Agency’s headquarters in Lagos. The high-level engagement served as a strategic platform to reinforce ...
By Seun Ibiyemi The Federal Government has urged Chinese and other international investors to explore opportunities in Nigeria’s expanding railway infrastructure, with calls for collaboration in key areas such as power supply systems, advanced security solutions, and real-time monitoring technologies. Speaking at the 16th International Infrastructure Investment and Construction Forum (IIICF) in Macao, China, the ...
...NIMASA has done well — Comrade Bunu By Seun Ibiyemi The Maritime Workers Union of Nigeria (MWUN) has thrown its full weight behind Nigeria’s campaign to rejoin Category C of the International Maritime Organization (IMO) Council, praising the Nigerian Maritime Administration and Safety Agency (NIMASA) for its transformative strides in maritime safety and governance. In ...
…. Announces Arnold Ekpe, new Chairman of Dangote Sugar Dangote Sugar Refinery Plc (DSR) has announced that its Chairman, Alhaji Aliko Dangote, will retire from the Board effective June 16. The announcement, made through a corporate disclosure to the Nigerian Exchange Ltd., stated that the decision aligns with principles of good corporate governance and succession ...
President Bola Tinubu has issued a firm call for the swift ratification of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement and a substantial boost in funding for blue economy initiatives to safeguard and sustainably harness the world’s ocean resources. The appeal was delivered at the United Nations Ocean Conference currently underway in Nice, France. The ...
The Federal Government has announced a $50 million investment in the newly established Nigeria Wholesale Impact Investment Fund (WIIF), reaffirming its commitment to advancing inclusive and sustainable economic growth. In a post on its official X (formerly Twitter) account, the Federal Ministry of Finance said the move reflects a strategic effort to accelerate economic transformation. ...
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has pledged to take serious actions against illegal mining activities causing damage to rail tracks. The Managing Director of the corporation, Mr Kayode Opeifa, gave the warning while speaking with newsmen on Wednesday in Jebba, on the sidelines of an inspection tour of rail tracks in Mokwa, ...
The Federal Competition and Consumer Protection Commission (FCCPC) has launched a joint market monitoring taskforce aimed at removing unsafe products and curbing unethical business practices across markets in the Federal Capital Territory (FCT). The taskforce was formally inaugurated on Wednesday in Abuja by the Executive Vice Chairman of the FCCPC, Mr Tunji Bello, who was ...
By Seun Ibiyemi The Federal Government is exploring increased cooperation in blue economy development, marine conservation, and capacity building across West and Central Africa. The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola stated this on Monday in a statement signed by his Special Adviser, Bolaji Akinola. Recall that Oyetola is representing President Bola Tinubu ...
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has said that the rail transport on Warri-Itakpe (WITS) corridor is safe and operational. The Ag. Deputy Director, Public Relations, NRC, Mr Callistus Unyimadu, said this, in a statement , on Monday in Lagos. “The attention of the NRC has been drawn to a widely circulated social ...
The Vice-President Kashim Shettima has inaugurated a new 7.5MVA distribution injection substation in Maiduguri to boost power supply. The project was executed by the Niger Delta Power Holding Company (NDPHC). Mr Emmanuel Ojor, Head, Corporate Communications and External Relations, NDPHC, said in a statement on Monday. According to him, the inauguration is part of the ...
The Minister of Budget and Economic Planning, Senator Atiku Bagudu, has hailed President Bola Tinubu’s economic reforms as bold and necessary measures that have begun to set Nigeria’s economy on a path of sustainable recovery and long-term growth. Speaking to State House Correspondents after a courtesy visit to President Tinubu at his Lagos residence over ...
Trustfund Pensions Limited has reported strong financial results for the year ended December 31, 2024, with assets under management (AUM) rising by 19 percent to over ₦1.23 trillion, up from ₦1.03 trillion in the previous year. The update was shared following the company’s 16th Annual General Meeting held in Abuja, where shareholders also approved a ...
In a landmark development for Nigeria’s oil and gas industry, Green Energy International Limited (GEIL), operator of the Otakikpo field, has successfully completed the first crude oil export from the newly constructed Otakikpo terminal, the country’s first indigenous onshore crude export facility in over five decades. The inaugural export took place over the weekend, when ...
By Seun Ibiyemi The Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria Liquefied Natural Gas (NLNG) Limited have officially inaugurated 140 graduates into an intensive three-month Advanced Nigerian Content Human Capital Development (NC-HCD) Programme, aimed at strengthening local technical capacity for the $5 billion NLNG Train 7 Project on Bonny Island, Rivers State. The ...
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 ...
The Federal Government has reaffirmed its dedication to aligning Nigeria’s development goals with international standards for sustainable ocean governance, positioning the country as a regional leader in marine protection and economic diversification. Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, made this known on Wednesday in a statement issued by his Special Adviser, Dr ...
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 ...
