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The Nigerian Society of Engineers (NSE), has officially inaugurated the Local Organising Committee (LOC) for the 2026 International Engineering Conference and Annual General Meeting, scheduled to hold in Maiduguri, Borno State. The inauguration was performed on behalf of the President of the NSE, Engr. Ali Alimasuya Rabiu, FNSE, F.ASCE, FAEng, MFR, by Engr. Mohammed Bashir ...
...aa Contractors stage protest at Finance HQ By Precious Mark Members of the All Indigenous Contractors Association of Nigeria (AICAN) have alleged that out of a reported ₦700 billion debt clearance package by the federal government, local contractors have received a mere ₦40 billion. The contractors made this known when they staged a protest at the Federal ...
Shell Nigeria Gas (SNG) has been sharing its experiences as it pioneered gas distribution nearly 30 years ago, saying the expansion of pipeline natural gas infrastructure and the market‑making role of gas distributors have been critical in moving gas from a policy aspiration to a practical energy solution for Nigerian industries. “When SNG started in ...
Heirs Insurance Group says it has impacted and protected more than three million customers in its first five years of operation. Mr Niyi Onifade, the group’s Sector Head and Managing Director of Heirs Life Assurance, said this on Monday at a news conference in Lagos to commemorate the fifth anniversary of Heirs Insurance Group. He ...
The Federal Ministry of Finance has approved payment to more than 1,240 contractors, providing immediate liquidity support to businesses across the country. The Federal Government also noted commitment to meeting its financial obligations. This is s contained in a statement issued by the Head of Information in the Ministry, Efe Ovuakporie in Abuja on Monday. ...
By Okeoghene Akubuike The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N34,788.59 billion in the first quarter of 2026. This is according to the NBS Foreign Trade in Goods Statistics Report for Q1 2026 released in Abuja on Monday. This shows a decrease compared to the value of N37,242,903.61 billion ...
...hails Lagos as model for subnational growth Nigeria is postioned to emerge as Africa’s leading production, logistics, innovation and investment hub by 2050, Nigeria's Vice President, Senator Kashim Shettima has revealed. Speaking during the Invest Lagos 3.0 summit in Lagos, Shettima said Nigeria’s ambition of building a one-trillion-dollar economy is driven by enterprise, investment and ...
...reinforces dominance in industrial, social impact and development rankings Dangote Industries Limited has reinforced its position as Africa’s most influential corporate brands after emerging as the continent’s Most Admired African Brand for the eight consecutive years, while its Group Chief Branding and Communications Officer, Anthony Chiejina, was named among Africa’s 100 Most Influential Chief Marketing ...
By Imisioluwa AfunmisoLagos State Governor, Babajide Sanwo-Olu, on Monday declared that Lagos remains the most viable entry point for investors seeking access to Africa's vast market opportunities, saying the state is the continent's greatest business and investment hub.Speaking at the opening ceremony of the Invest Lagos 3.0 Summit held at Eko Hotels and Suites, Victoria ...
By Muyideen Aliyu The Presidential Enabling Business Environment Council (PEBEC) has rated Kwara State as one of the best in creating business friendly environment and expanding business opportunities. "Kwara has shown improvement in national subnational business environment rankings; of course, there is still room for further progress." This was made known by the Reform Leader ...
By Stellamaris Ashinze MTN Nigeria has opened its data billing and network operations to public scrutiny in a bid to address persistent consumer concerns over alleged data depletion and rebuild customer trust. The Chief Corporate Services and Sustainability Officer, MTN, Tobe Okigbo, said at a press conference on Data on Trial in Lagos that the ...
Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process Licensors, marking a significant milestone in the facility's operational expansion and further cementing its position as World’s Largest Single Train Petroleum Refinery. The increase sees the refinery surpass its ...
The Central Bank of Nigeria (CBN) has granted regulatory approval for Abbey Mortgage Bank Plc to officially convert its operating license into a regional commercial banking license, marking an aggressive transformation for one of the country's premier primary mortgage institutions. The transition, disclosed in an official regulatory filing on Wednesday, signals a major expansion strategy ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the 2026 Licensing Round will commence latest by Q3 2026 having received the approval of the Minister of Petroleum Resources in line with the Petroleum Industry Act. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, stated this when Meren Energy (formerly Africa Oil), visited the corporate ...
The Nigerian Supreme Court has sanctioned the merger of Unity Bank and Providus Bank, paving the way for the conclusion of one of the largest consolidations in the Nigerian banking industry. This judicial decision effectively ends the legal battle that had stalled the process, which is aimed at building a formidable new financial institution through ...
The Central Bank of Nigeria (CBN) has launched the Nigeria Payment System Vision (PSV) 2028, a new roadmap aimed at expanding financial inclusion to 95 percent of the adult population, deepening digital payments, and positioning Nigeria as Africa's leading payments hub. Speaking at the launch of the initiative in Abuja, CBN Governor Olayemi Cardoso described ...
By Damilare Adeleye Nigeria’s premier non-interest bank, Jaiz Bank Plc, has announced plans to seek shareholders’ approval to raise up to N150 billion in fresh capital as part of efforts to strengthen its financial position and support future growth. The proposed capital raise is one of the key items for consideration at the bank’s 14th ...
Fitch Ratings has upgraded Wema Bank PLC's Long-Term Issuer Default Rating (IDR) to 'B' from 'B-' and its Viability Rating (VR) to 'b' from 'b-'. Alongside these stable outlooks, Fitch also upgraded Wema's National Long-Term Rating to 'A(nga)' from 'A-(nga)'. The rating agency stated that the upgrade reflects the bank's stronger capitalization following a successful ...
…as Kostianis steps down By Damilare Adeleye PZ Cussons Nigeria Plc has announced the appointment of a new Managing Director/Chief Executive Officer and an Executive Director/Chief Financial Officer, following the resignation of its current CEO, Dimitrios Kostianis. The company disclosed these leadership changes in a notice to shareholders and the Nigerian Exchange Limited on Monday, ...
Nigerian National Petroleum Company (NNPC) Limited has recorded a profit after tax of NGN 481 billion from a total revenue of NGN 4,971 billion, according to its monthly summary report for April 2026. This major financial milestone is detailed in the NNPC Ltd monthly report which highlights steady operational gains and statutory payments from January ...
The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dayo Mobereola, has reaffirmed the Agency’s commitment to advancing regional maritime integration, cooperation and capacity development across Africa. Dr. Mobereola made this known when he received the Honorary Consul of the Republic of Liberia in Lagos, Mr. Dapo Akinosun, SAN, at the ...
Odu’a Investment Company Limited has reaffirmed its commitment to transforming its subsidiaries into agile, financially robust, and globally competitive businesses. Speaking at the official unveiling of the new Lagos corporate office for Glanvill Enthoven Insurance and Reinsurance Brokers Limited, Group Chairman Bimbo Ashiru emphasized the board's clear strategic vision. He noted that the conglomerate remains ...
A former Director-General of the Securities and Exchange Commission (SEC), Malam Lamido Yuguda, has called on the government to align Public-Private Partnerships (PPPs) with monetary policy objectives to achieve better economic outcomes. Yuguda, currently Deputy Governor of the Central Bank of Nigeria (CBN), made the call at the 14th inaugural lecture of the Capital Market ...
