Business

The International Civil Aviation Organisation (ICAO) has introduced stricter global regulations on portable power banks, as aviation authorities respond to a rise in fire-related incidents involving lithium battery devices on aircraft. Under the new guidelines issued in March, passengers are limited to carrying a maximum of two power banks, while in-flight charging is prohibited. The organisation also banned power banks…

The African Development Bank (AfDB) has appointed Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, as Champion of the Integrated Aviation Transformation Programme for Africa (IATP). The appointment was conveyed in a letter signed on behalf of the bank by Mike Salawou, recognising Nigeria’s active participation in the early phase of the continent-wide aviation initiative. According to the AfDB,…

The President of the African Development Bank Group, Sidi Ould Tah, has said that 12 of the world’s 20 fastest-growing economies are currently in Africa, underscoring what he described as the continent’s growing economic resilience. Tah made the remark on Tuesday while inaugurating the 2026 African Economic Outlook at the ongoing African Development Bank (AfDB) Annual Meetings in Brazzaville. He…

The Nigerian Civil Aviation Authority (NCAA) has temporarily suspended the enforcement of its “no-pay-no-service” directive earlier imposed on airlines with outstanding statutory remittances. In a statement on Sunday, the Director-General of the NCAA, Chris Najomo, said the decision followed a reassessment of current operating realities in the aviation sector, particularly the rising cost of aviation fuel and its impact on…

The Nigeria Civil Aviation Authority (NCAA) has ordered the suspension of services to 11 domestic airlines over unpaid statutory charges, placing them on its updated “No-Pay-No-Service” list. The directive was contained in an internal memo dated May 22, 2026, which instructed all NCAA directorates to halt regulatory and administrative services to the affected airlines until outstanding debts are cleared or…

The Lagos State Government, through the Lagos State Ministry of Wealth Creation and Employment, has trained 500 youths in various vocational skills aimed at promoting entrepreneurship and economic empowerment across the state. The beneficiaries were trained in five vocational areas, including computer and phone repairs, photography and videography, graphic design, cosmetology, and mixology during the Technical, Vocational and Educational Training…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has accused Dangote Petroleum Refinery of attempting to monopolise Nigeria’s downstream petroleum sector through its legal challenge against fuel import licences issued to rival marketers. In court filings submitted before the Federal High Court in Lagos, the state-owned oil company argued that granting Dangote Refinery’s request to revoke or restrict import permits…

The federal government has completed all approvals, certifications, and compliance procedures for five proposed deep-sea port projects as part of efforts to strengthen Nigeria’s maritime sector and reclaim a larger share of cargo traffic in West and Central Africa. Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, disclosed that the approved projects include the Badagry Deep Sea…

Silverbird Group founder, Ben Murray-Bruce, has announced the appointment of Roy Murray-Bruce as the new chairman of the organisation. The announcement was made on Thursday through a post shared by Ben Murray-Bruce on his official social media page. According to him, Roy Murray-Bruce succeeds him after several decades of leadership at the helm of the conglomerate. Ben Murray-Bruce described the…

The Federal Government has launched Nigeria’s Net-Zero Investment Plan (NZIP) and reaffirmed its commitment to climate action and environmental protection, with a target of achieving net-zero greenhouse gas emissions by 2060 while promoting sustainable economic growth. The plan was launched in Abuja on Wednesday by the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, in the presence of the…