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FMDQ Group PLC has announced the appointment of Mr. Zeal Akaraiwe as its new Group Managing Director and Chief Executive Officer. The appointment is subject to official approval from the Securities and Exchange Commission (SEC), Nigeria, a statement from FMDQ revealed. Mr. Akaraiwe brings over 25 years of extensive international and domestic experience to the ...
Nigeria's pension fund assets achieved a historic milestone, soaring to an unprecedented N31.32 trillion in May 2026. This was revealed in the latest data published by the National Pension Commission (PenCom) in an unaudited report on June 29, 2026. The new data revealed a 1.23% month-on-month growth from the N30.94 trillion recorded in April. It ...
The Federal Government has reveaoed that it will begin publicly publishing Key Performance Indicators (KPIs) and operational scorecards for all Generation Companies (GenCos) and Distribution Companies (DisCos) across the country. The Minister of Power, Joseph Tegbe made this known while speaking at the Q2 2026 Nigerian Electricity Supply Industry (NESI) Stakeholders Meeting organized by the Nigerian ...
In a strategic move to expand its feedstock sources, the Dangote Petroleum Refinery has received its first-ever shipments of Middle Eastern crude, purchasing two fresh cargoes from the United Arab Emirates (UAE). The procurement marks a significant shift for the multi-billion-dollar facility. While the mega-refinery was designed primarily to process Nigeria’s light sweet crude, persistent ...
Africa’s foremost industrialist, Aliko Dangote, has urged the Olusegun Obasanjo Leadership Institute (OOLI) to lead high-level leadership training for African presidents, prime ministers and governors. He also included senior policymakers among those to be trained, describing the institute as the most strategically positioned centre for continental leadership renewal. Dangote spoke during a courtesy visit by ...
The iconic Premier Hotel in Ibadan has reopened after a major redevelopment that transformed the historic property from an 87-room facility into a 154-room, five-star hospitality destination, marking a significant boost for tourism and investment in South-West Nigeria. Commissioned yesterday on behalf of President Bola Ahmed Tinubu by the Secretary to the Government of the ...
The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to strengthening youth online safety and digital literacy through a strategic collaboration with Meta. This initiative forms part of broader efforts to build a digitally inclusive economy and enhance trust in Nigeria's digital ecosystem. The commitment was reiterated by the Director General of NITDA, ...
Katsina State Governor and Chairman of the North-West Governors' Forum, Malam Dikko Umaru Radda, has reiterated his administration's commitment to human capital development as the fundamental cornerstone for sustainable growth and prosperity in Katsina State and the wider Northern Nigerian region. Represented by the Deputy Governor, Hon. Faruk Lawal, Governor Radda shared these insights on ...
Airtel Africa Foundation, through Airtel Nigeria, has launched the Airtel Green Schools initiative, a sustainability-focused programme designed to create environmental learning spaces in primary and secondary schools. The spaces, which are branded Airtel Garden, have been introduced as part of Airtel Nigeria’s activities to commemorate the 2026 World Environment Day, themed "Climate Action". According to ...
The Nigerian Ports Authority, NPA, has said that 39 ships with petroleum products, food items and other goods are expected at Apapa, Lekki Deep Sea Port and Tincan Island port in Lagos on Tuesday. The NPA disclosed this on its Daily Shipping Position, adding that the vessels are expected from June 23 till June 28. ...
OPay, a leading fintech company in Nigeria, has announced an extension of the application deadline for the National Innovation Challenge, a flagship component of the newly expanded OPay Scholars Programme 2026, from June 14 to July 3, 2026. The extension follows overwhelming interest from tertiary institution students across the country and numerous requests from prospective ...
Ogun State has secured a fresh $250 million investment in its agricultural sector as Pure Dairy Herds, a specialised cattle and milk production company, unveiled plans to establish one of the largest dairy farms in Nigeria in the state. The company’s representative, Mr. Farouk Gumel, disclosed this to journalists on Tuesday after a meeting with ...
The Pure Water Producers and Vendors Association (PWPVA) has pledged to collaborate with the Kano State Consumer Protection Council (KSCPC) to improve the quality of drinking water by adhering to health and safety standards in water packaging. The Chairman of the Association, Alhaji Ahmad Bala-Hudu, stated this when he paid a courtesy visit to the ...
Investments in Nigeria's upstream sector has surged by 40%, Special Adviser to the President on Energy, Mrs. Olu Arowolo Verheijen has revealed. Speaking at the Nigerian-British Chamber of Commerce Energy Day, Verheijen revealed that Nigeria’s share of African upstream Final Investment Decisions (FIDs) skyrocketed from a mere 4% in the years leading up to 2023 ...
Access Bank Plc has unveiled a vehicle financing initiative aimed at addressing the high cost of ownership and improving access to mobility for individuals and businesses through flexible financing solutions. The initiative, tagged Access Auto Fest, is being implemented in partnership with leading automobile distributors, including CFAO, CIG Motors, Elizade, Kewalram Chanrai Group, Mikano Motors ...
The Central Bank of Nigeria (CBN) has introduced new market structure rules aimed at preventing individual financial institutions from exerting excessive dominance across key segments of the electronic payments value chain. Under the newly unveiled regulatory framework, any licensed financial institution engaged in consumer issuing activities that controls more than 25 percent of the market ...
The Central Bank of Nigeria (CBN) has ordered banks, fintechs, and other payment service providers to disclose their final beneficial owners. This was dislcosed in a circular dated June 15, 2026, which was signed by Dr. Rakiya Yusuf, the Director of the Payments System Supervision Department at the CBN. The directive was addressed to a ...
The Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Mr Khalil Suleiman Halilu, has reaffirmed the Agency’s commitment to strengthening Nigeria’s healthcare sovereignty through local manufacturing of medical diagnostic technologies. Halilu made the remark while hosting participants of the Harvard University-led Science of Defeating Malaria programme ...
The National Information Technology Development Agency (NITDA) has entered into a strategic partnership with the Development Agenda for Western Nigeria (DAWN) Commission through the signing of a Memorandum of Understanding (MoU) aimed at accelerating digital literacy, innovation development, and economic growth across Southwest Nigeria. Speaking at the signing ceremony in Abuja, NITDA Director General, Kashifu ...
Airtel Africa Foundation has just published its first-ever annual report, which reveals that in its first full year of operation, it has invested $6.2 million in programmes in Education, Financial Inclusion, Environmental Sustainability and Digital Inclusion across Africa. Under the Funding priorities of the Foundation's Financial Inclusion, Education, Environmental Sustainability and Digital Inclusion (FEED) framework, ...
HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company Plc ("GTCO" or the "Group"), has unveiled its maiden HabariPay Impact Report 2025, providing stakeholders with a comprehensive account of the company's evolution, innovation journey, business performance, and impact on the digital payments landscape. The report captures HabariPay's transformation from a newly established fintech venture ...
Stanbic IBTC Holdings PLC has issued an urgent public disclaimer alerting shareholders and the general investing public to fraudulent advertisements currently circulating across various social media and digital platforms. The financial institution released the regulatory alert after detecting unauthorized materials that illicitly use the group's brand identity and executive imagery to lure unsuspecting individuals into ...
The Chairman of Odu'a Investment Company Limited, Otunba Bimbo Ashiru, has called for stronger regional economic cooperation, strategic investments, and sustainable development across the Southwest region to unlock the vast potentials of Yorubaland and the Nigerian economy. Otunba Ashiru made the call while speaking as the Special Guest of Honour at the 4th Annual Yoruba ...
