Business

The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today led a delegation of the company’s management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two companies. The visit, which included a facility tour, focused on strengthening operational and commercial…

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has endorsed President Bola Tinubu’s executive order mandating the direct remittance of oil and gas revenues into the federation account, describing the move as a major reform to curb leakages in the sector. President Tinubu signed the order on February 18, removing the Nigerian National Petroleum Company (NNPC) Limited’s authority…

By Deborah Oladejo, Osogbo – The Ooni of Ife, Adeyeye Enitan Ogunwusi, Ojaja II, has unveiled Ojaja Soft Drinks, a new indigenous beverage brand designed to promote African innovation, economic self-reliance and healthier consumer choices, while calling on Nigerians to embrace locally produced goods. The monarch, who is the Permanent Chairman of the Southern Nigeria Traditional Rulers Council and Permanent…

The Federal Government has reaffirmed its commitment to building a responsible, inclusive and sovereign artificial intelligence ecosystem that will position Nigeria as a creator rather than a passive consumer of AI technologies. Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi CCIE, stated this in a virtual address at the InnovateAI Conference held in Lagos, where stakeholders…

The Federal Airports Authority of Nigeria (FAAN), in collaboration with MTN Nigeria, has officially launched free WiFi services at the Murtala Muhammed International Airport (MMIA) Terminal 2, Lagos, and the Nnamdi Azikiwe International Airport, Abuja. The launch ceremony took place on Thursday at MMIA Terminal 2, Lagos. The Managing Director and Chief Executive of FAAN, Mrs Olubunmi Kuku, was represented…

A tech expert and Quality Assurance Engineer at QAVICOLA Limited, Oladapo Aiyenitaju, has said that government-backed research grants should be transparent, accessible, and tied to real world challenges. In this media interview, AIYENITAJU, who specializes in system reliability, risk analysis, and enterprise scale digital solutions, bears his mind on the challenges engineers face in research, how government could address the…

In a strategic move to deepen Nigeria’s digital transformation, the National Information Technology Development Agency (NITDA), in partnership with the House of Representatives Spouses Association (HORSA), has organised a two-day digital literacy and capacity-building workshop for spouses of members of the House of Representatives. Themed “Empowering Women for a Digital Future: Leadership, Wellbeing, and Opportunity,” the initiative aims to equip…

Following the recently held Court-Ordered Meeting and subsequent overwhelming endorsement, the merger and business combination between Unity Bank Plc and Providus Bank Limited remains firmly on course. Analysts appraising the ongoing recapitalisation programme believe that the regulatory backing and shareholders’ support for the merger represent the most important milestones for meeting the recapitalisation requirements within the stipulated timeline.  Recall that…

Nigerian Exchange Limited (NGX) has recorded its first Commercial Paper (CP) listing with the admission of Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its N500 billion Commercial Paper Issuance Programme. The two series, with a combined value of N119.87 billion, were admitted to trading on NGX on 18 February 2026, following the Exchange’s introduction of the…

Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are fully recapitalised in line with the Central Bank of Nigeria’s (CBN) revised minimum capital requirements, following final regulatory approvals received in January 2026. The capital-raising programme itself was substantially completed between December 2024 and October 2025, positioning the Group well…