Former Managing Director Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni, currently on assignment as Asset Director at Brunei Shell Petroleum, has been named Executive Vice President and Country Chair Nigeria, taking over from Marno de Jong who leaves Shell to pursue an opportunity elsewhere, after a...
BUSINESS
Nigeria Customs Service (NCS) and the American Business Council (ABC) have reaffirmed their commitments to strengthening trade relations and addressing bottlenecks affecting business operations through sustained public-private sector engagement. The resolution was reached during the quarterly meeting held on 16 June 2026 at the Service Headquarters in Abuja, where...
Fresh efforts to revive the previously aborted sale of a 40 per cent stake in the Amukpe–Escravos Pipeline have reignited concerns over transparency and corporate governance in Nigeria’s oil and gas industry. A policy expert has warned that the manner in which the transaction is handled could have far-reaching...
Nigerian Communications Commission (NCC) has started a major review of telecom pricing rules, marking the first comprehensive assessment of the sector’s tariff framework in nearly eight years. The exercise, being carried out in partnership with KPMG, was launched at a Mobile Termination Rate stakeholders’ forum in Lagos on Tuesday....
Nigeria’s foremost leadership coach and motivational speaker, Fela Durotoye, and Chairman of the Mayor of Housing Group, My-ACE China, have said the true treasure of Rivers State lies not beneath the ground in crude oil but in the potential and capacity of its people. They also echoed the position...
Crude oil prices fell to a three-month low Tuesday on optimism over the expected reopening of the Strait of Hormuz after a peace deal between the United States and Iran. Brent North Sea crude, the international benchmark, dropped 3.8 per cent to $79.99 a barrel, dipping under $80 for...
Nigeria’s headline inflation rate climbed to 15.93 per cent in May 2026, marking the third consecutive monthly increase, the National Bureau of Statistics reported on Monday. According to the NBS Consumer Price Index report, the CPI rose to 140.7 in May from 138.3 in April, reflecting continued pressure on...
Central Bank of Nigeria (CBN) has directed all financial institutions with digital payment operations to disclose the Ultimate Beneficial Ownership of significant shareholders, citing concerns over transparency, market concentration and data localisation. In a circular issued Monday June 15 to Deposit Money Banks, Payment Service Providers, fintechs and other...
President of the Dangote Group, Aliko Dangote, has revealed plans to establish what is expected to become Nigeria’s largest industrial and free trade zone in Olokola, Ondo State, with construction scheduled to commence in the final quarter of 2026. The ambitious project is designed to create a world-class industrial...
Access Holdings Plc led Nigeria’s top lenders in electronic banking revenue for the first quarter of 2026, earning ₦85.5 billion from digital transactions, according to analysis of latest banking figures. The amount put Access Holdings well ahead of its peers. United Bank for Africa posted ₦45.8 billion in e-banking...
Central Bank of Nigeria (CBN), through the Debt Management Office (DMO), is set to offer N1 trillion worth of Nigerian Treasury bills for subscription at Wednesday’s primary market auction as authorities step up efforts to control liquidity in the financial system. According to a revised second-quarter Treasury bills issuance...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) through the Industry Wide Security Architecture (IWSA) and Nigerian Pipelines & Storage Company (NPSC) in collaboration with the Office of the National Security Adviser (ONSA) Special Prosecution Team (SPT), the Federal Capital Territory (FCT) Police Command, the Nigerian Army and other...
The Board of the Nigerian Communications Commission (NCC) has appointed Princess Oforitsenere Emiko as Interim Chairman of the governing board of the Digital Bridge Institute (DBI). The appointment anchors the Commission’s plan to reposition the Institute for the next era of Nigeria’s communications sector and digital economy. Director of...
The Board of the Nigerian Communications Commission (NCC) held its 109th Meeting on May 25, 2026. At the Meeting, the Board received updates on industry and operational matters as part of the EVC/CEO Report. The Board further considered key regulatory, strategic and collaborative issues impacting the telecommunications industry and...
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...
Central Bank of Nigeria (CBN) has increased its yields on Treasury Bills at its latest primary market auction as investor demand surged to more than three times the amount offered. The auction, conducted through the Debt Management Office, offered ₦700 billion across three maturities. The CBN allotted ₦1.243 trillion...
Nigerian Exchange (NGX) rebounded on Monday as renewed buying interest in key stocks lifted investors’ wealth by ₦514.97 billion, reversing part of the losses recorded in recent sessions. At the close of trading, the market capitalisation rose by 0.33 per cent to ₦156.11 trillion, while the All-Share Index (ASI)...
Federal Government has approved new reimbursable imprest limits for officials across Ministries, Departments and Agencies (MDAs) as part of efforts to strengthen financial discipline, accountability and prudent management of public resources. The new thresholds are contained in the 2026 Annual General Imprest Warrant signed by the Minister of Finance...
LAGOS, NIGERIA — The regulatory and digital infrastructure pillars of Nigeria’s telecommunications ecosystem, led by the Nigerian Communications Commission (NCC), Digital Realty, and IHS Nigeria, have rallied robust support for the upcoming 2026 Nigeria DigitalSENSE Forum (NDSF) on Internet Governance for Development (IG4D) and its prestigious industry awards. The...
Management of BUA Group has distanced the company and its founder from a viral Artificial Intelligence (AI)-generated promotional video circulating on social media, warning members of the public against falling victim to what it described as a fraudulent investment scheme. In a statement issued by the company on Monday,...