Edo State Government has taken a major step towards establishing its proposed state-owned airline, Edo Air, after signing a Memorandum of Understanding (MoU) with China Express Airline and KDN Aero. The partnership is expected to lay the foundation for an aviation project that the government believes will create employment...
BUSINESS
Nigeria National Petroleum Company (NNPC) Limited, on Tuesday, presented a technical paper at the SPE Technical Programme of the ongoing 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on the use of machine learning to assess the oil and gas potential of source rocks in frontier basins. The...
Google Wallet has launched in Nigeria, allowing eligible customers of FirstBank, Guaranty Trust Bank (GTBank), United Bank for Africa (UBA) and Zenith Bank to make contactless payments with compatible Android smartphones and Wear OS devices. The service enables customers to add supported debit and credit cards to their Google...
The Nigerian National Petroleum Company Limited (NNPC Limited) has said reforms in Nigeria’s oil and gas sector have added 600,000 barrels per day, raising national crude oil production from about 1.2 million barrels per day to 1.8 million barrels per day and placing the country in a stronger position...
Securities and Exchange Commission (SEC) has begun a sector-wide cybersecurity assessment of Nigeria’s capital market operators as concerns over rising digital threats push regulators to strengthen the protection of financial systems. The commission directed capital market operators to submit their cybersecurity risk assessment reports on or before November 5,...
Nigeria National Petroleum Company (NNPC) Limited joined governments, national and international energy companies, investors and industry leaders at the opening ceremony of the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), on Monday. The NNPC Limited delegation was led by the Group Chief Executive Officer, Engr. Bashir Bayo...
The Chartered Institute of Bankers of Nigeria (CIBN) has urged banks to channel more of their capital into financing micro, small and medium-sized enterprises (MSMEs) and manufacturers to stimulate economic growth and create jobs. The President and Chairman of Council of CIBN, Dele Alabi, made the call at the...
The Vice President, Senator Kashim Shettima, has called for increased collaboration between the government and economic stakeholders, asserting that small business owners must have a meaningful voice in the government’s policy and decision-making processes. Accordingly, he directed the Special Adviser to the President on MSMEs and Job Creation, Mr...
The sixth edition of Zenith Bank’s annual technology fair virtually is to hold Thursday, November 5, 2026, with a focus on artificial intelligence (AI). According to a statement issued by the bank in Lagos, the event, tagged “Zenith Bank Tech Fair 2026: Future Forward 6.0,” will have the theme...
NCC moves to protect smaller telecom operators, seeks fair competition in Nigeria’s telecom industry
NCC moves to protect smaller telecom operators, seeks fair competition in Nigeria’s telecom industry
Nigerian Communications Commission (NCC) has said it would rely on evidence-based assessments to promote fair competition and ensure smaller telecommunications operators are not pushed out of the market by bigger players. The Executive Vice-Chairman of the NCC, Dr Aminu Maida, made this known on Wednesday in Lagos during the...
The National Information Technology Development Agency (NITDA) has urged website owners, government agencies and businesses to activate Domain Name System Security Extensions (DNSSEC), warning that only 9.15 per cent of Nigeria’s .ng domain names currently use the security feature. NITDA said the low adoption rate leaves many websites vulnerable...
MTN Nigeria has urged subscribers to adjust their phone settings to reduce unnecessary data consumption and make their data bundles last longer. The Chief Executive Officer of MTN Nigeria, Karl Toriola, gave the advice on Monday during the “Data on Trial” event in Abuja, organised to address public concerns...
Nigeria’s naira weakened against the United States dollar last week despite record foreign exchange turnover of $1.01bn in the interbank market, as the Central Bank of Nigeria stepped up dollar sales to meet demand. The naira closed at ₦1,361.84 to the dollar on October 23, its weakest official exchange...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has launched a Group-wide Climate Action Week to deepen climate awareness, promote responsible environmental practices and advance sustainable finance across its African and international operations. The five-day campaign, running from October 26 to 30, 2026, is themed “Banking on Africa’s...
Nigeria’s major banking groups, United Bank for Africa, Access Holdings and First HoldCo, are facing mounting pressure from the Central Bank of Nigeria’s dividend restrictions, which have limited shareholder returns and heightened uncertainty over future payouts. The restrictions, aimed at strengthening banks’ capital positions and ensuring adequate recognition of...
The Federal High Court, presided over by Honourable Justice Aluko, has granted an application by United Bank for Africa (UBA) Plc for substituted service of Form 49 on directors of Wempco named as alleged contemnors in the case of UBA v. Wempco. The application forms part of proceedings seeking...
A Lagos State High Court, last Thursday, granted interim preservative orders of Mareva Injunction against Vitol SA – a Switzerland based Energy Trading company, and four other shipping companies in favour of United Bank for Africa Plc. The bank alleged Vitol of wrongful release of cargoes of petroleum products...
The Central Bank of Nigeria (CBN) has warned Nigerians that fraudulently accessing another person’s bank account and failing to return money wrongly transferred into their accounts could attract severe penalties, including imprisonment. The CBN Governor, Olayemi Cardoso, gave the warning on Thursday October 22 at the ‘CBN Listens’ annual...
Bank of Industry (BoI) and the Federal Ministry of Youth Development have launched a pilot programme to equip 500 young Nigerians with vocational, manufacturing, digital and entrepreneurial skills to tackle unemployment and promote business creation. The programme, known as the BoI Youth Empowerment Pilot Programme was lunched on Wednesday...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has promised to support newly awarded holders of Petroleum Prospecting Licences (PPLs) emanating from the 2022/2023 and 2024 Licensing Rounds. With this renewed support, the NUPRC also expects the 22 awardees to contribute at least 250,000 barrels of oil per day to the...