The Mayor of Housing, My-ACE China, during the week preached self-reliance and seemed to have lit the fire of entrepreneurship in Akwa Ibom State where he supported the Mbo Local Government Area to set up an entrepreneurship and craft centre. Already, the centre has flagged off training of first...
BUSINESS
Renaissance Africa Energy Company Limited has called for an urgent overhaul of operational efficiency and accelerated upskilling of Nigeria’s youthful energy workforce to unlock the country’s competitive advantage in the global energy market. Speaking at the 43rd annual international conference of the Nigerian Association of Petroleum Explorationists (NAPE) in...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially opened its 2025 oil licensing round, set to begin on December 1, 2025. The announcement was made by NUPRC Chief Executive, Mr. Gbenga Komolafe, during the Project One Million Barrels Per Day (1MMBOPD) Additional Production Investment Forum held in London on...
LAGOS, [November 11, 2025] In a major push for environmental sustainability, the Association of Licensed Telecom Operators of Nigeria (ALTON) and the Nigeria LNG Limited (NLNG) are set to collaborate with ITREALMS Media on the 2025 ITREALMS E-Waste Dialogue. This crucial partnership addresses Nigeria’s escalating electronic waste (e-waste) challenge, which...
Shell is highlighting its contributions to the Nigerian economy in an exhibition at the 2025 International Conference and Exhibition of the Nigeria Association of Petroleum Explorationists (NAPE) which began in Lagos yesterday. The 43rd NAPE conference comes as the professional body turns 50 this year, having been founded in...
The Nigerian Communications Commission (NCC), is set to host the inaugural edition of the Digital Awareness and Sensitization Fora as a platform to strengthen policy and innovation for a digital future. Head, Public Affairs of the Commission, Nnenna Ukoha, made this known in a statement issued in Abuja on...
The Mayor of Housing, My-ACE China, has warned that building a world class estate without caring about host community buy-in could be waste of time. Mr China said his company, the Housing & Construction Mayor Limited, is the first to hand 10 equity stake in corporate social capital. This...
The Senate on Tuesday confirmed the appointment of Idris Ibikunle Olorunnimbe (representing South West) as Chairman of the Board of the Nigerian Communications Commission (NCC). This followed a successful screening carried out by the Senate Committee on Communications, according to a statement by the Head, Public Affairs of the...
The Federal Government has appointed Dr. John Nwabueze as the Tax Ombudsman, in accordance with the provisions of the Joint Revenue Board of Nigeria (Establishment) Act, 2025. This appointment aligns with President Bola Ahmed Tinubu’s commitment to implementing far-reaching and sustainable reforms in the tax and revenue administration framework....
Nigeria’s journey toward industrial self-sufficiency and sustainable economic growth has reached a defining moment as the Raw Materials Research and Development Council (RMRDC) 30% Value Addition Bill successfully passed its third reading in the House of Representatives, moving it closer to presidential assent by President Bola Ahmed Tinubu. The...
Following its recently released half-year financials, Africa’s Global Bank – United Bank for Africa (UBA) Plc, has announced its audited results for the third quarter ended September 30, 2025, where it recorded strong and impressive growth across all its key indicators. As in the first two quarters of the...
By RAY UMUKORO – Nigeria’s maverick entrepreneur and Group Chief Executive Officer of Konga, Africa’s fastest growing e-commerce powerhouse, Prince Nnamdi Ekeh, last weekend made history for himself and the nation as he was honoured with two global awards of distinction by Forbes and Euro Knowledge. The Oxford-trained Prince...
Federal Government has given the green light for the issuance of ₦758 billion in bonds to settle outstanding pension liabilities, including arrears from pension increases dating back to 2007. Ms. Omolola Oloworaran, Director-General of the National Pension Commission (PenCom), disclosed this during a two-day sensitisation workshop in Yola focused...
Executive Vice President of Downstream at NNPC Limited, Dr. Mumuni Dagazau, says Nigeria’s downstream oil and gas sector is experiencing a major transformation powered by deregulation, foreign exchange reforms, and stronger industry collaborations. Speaking in Lagos on Monday at the 19th Africa Downstream Energy Week, themed “Energy Sustainability: Growth...
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, says the Federal Government will fully support Dangote Refinery in achieving its 1.4 million barrels-per-day refined products target. Lokpobiri said this on Monday in Lagos during his welcome address at the 19th Africa Downstream Energy Week. The theme of the...
By PAUL EJIME – Dangote Industries Limited (DIL) is targeting an annual revenue of US$55 billion from the Dangote Petroleum Refinery, which is expected to expand production from 650,000 barrels per day (bpd) to 1.4 million bpd, as the world’s largest, Aliko Dangote, Africa’s richest man and President of DIL, has projected....
Nigeria’s leading carrier, Air Peace, has officially commenced its direct flight service from Abuja to London Heathrow Airport, marking a significant leap forward for the nation’s aviation industry. The inaugural flight departed the Nnamdi Azikiwe International Airport on Sunday, October 26, 2025, and is expected to land at London...
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has revealed that Chinese firms have committed over $1.3 billion to lithium processing projects across the country, underscoring growing international confidence in Nigeria’s mining reforms. Alake made this known while addressing participants at the 2025 China Mining Conference in Tianjin,...
Nigeria witnessed cryptocurrency transactions worth over $50 billion between July 2023 and June 2024, according to the Securities and Exchange Commission (SEC). The SEC Director-General, Dr. Emomotimi Agama, disclosed this in a statement on Sunday, expressing concern that despite the massive flow of funds through digital assets, only a...
By JOY ADARA , Abuja- Central Bank of Nigeria (CBN) has applauded the country’s removal from the Financial Action Task Force’s (FATF) “grey list,” describing it as a major milestone in Nigeria’s financial reform journey. In a statement issued on Saturday in Abuja, the CBN’s Acting Director of Corporate...