Access Holdings Plc has appointed Mr. Sa’adu A. Jijji as the Managing Director/Chief Executive Officer of Access ARM Pensions Limited, as part of efforts to strengthen leadership across its subsidiaries and drive future growth. The company disclosed that the appointment has received all necessary regulatory approvals and was endorsed...
BUSINESS
Nigeria’s Debt Management Office (DMO) has raised N1.2219 trillion in its June bond auction after investors submitted bids worth N1.413 trillion, exceeding the N1.2 trillion on offer by N213.5 billion. The DMO had offered N600 billion each in two reopened benchmark bonds: the 22.60 per cent FGN January 2035...
Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC Limited), Engr. Bashir Bayo Ojulari, delivered a keynote address at the Africa Technology Conference (ATC 2026) in Abidjan, Côte d’Ivoire. Represented by the Managing Director of NNPC Engineering & Technical Company Limited, Salahuddeen Tahir, the GCEO spoke on...
Ondo State Governor, Lucky Aiyedatiwa has inaugurated a Technical Committee to fast-track the revival of the Olokola Free Trade Zone (OKFTZ), following renewed commitment by the Dangote Group to develop Nigeria’s largest industrial and free trade hub in Ondo State. The governor described the move as a major step...
Benue State Government has commenced efforts to revive the long-abandoned Taraku Mills Limited, a multi-million-dollar agro-processing facility in Gwer East Local Government Area, as part of plans to boost industrial activities and agricultural value addition in the state. Managing Director of the Benue Investment and Property Company (BIPC), Dr...
Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have introduced a new compliance requirement governing changes in the ownership structure of licensed telecommunications companies operating in Nigeria. In a joint statement signed by the Director of Public Affairs at the NCC, Nnena Ukoha, and the Head of...
Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, recently received in audience the Group Chief Executive of Standard Chartered PLC, Bill Winters, at the NNPC Towers in Abuja. Discussions centred on financing opportunities for NNPC Ltd.’s growth plans and its repositioning...
Federation Account Allocation Committee has distributed a total of N2.300tn to the federal government, state governments and local government councils as revenue allocation for May 2026. The allocation was disclosed in a statement issued on Thursday by the Head of Information and Public Relations at the Ministry of Finance,...
Nigerian banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025, according to data contained in the CBN’s ‘Nigeria Payments System Vision 2028 document.’ The document, obtained from the apex bank’s website, showed that attempted fraud across the banking and payments ecosystem amounted to N187.79bn...
Nigeria’s stock market lost N2.179 trillion on Thursday as investors scrambled to adjust to the new T+1 settlement rule. Sell-offs hit even strong stocks, pushing market cap down 1.41% to N152.266 trillion from N154.445 trillion. All-Share Index downed at 3,397.80 points, 1.41% to 237,404.92. YTD return now 52.56%.Market breadth...
NNPC Limited has renewed its agreement with TotalEnergies to extend the deployment of the Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) technology for the detection, measurement, and reduction of methane and carbon emission across its upstream operations for another 24 months. The agreement, which is aimed at helping NNPC...
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...
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...