Business

By Kunle Sanni – Minister of Power, Chief Adebayo Adelabu, has appealed to electricity sector unions and workers of the Transmission Company of Nigeria (TCN) to resolve issues surrounding welfare and wages through dialogue rather than industrial action. According to a report by PM Express, the minister made the call during a meeting on Wednesday with leaders of the National…

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr Bayo Ojulari, has described the Dangote Petroleum Refinery as a crucial buffer for Nigeria’s energy supply, particularly as state-owned refineries continue to struggle with output and efficiency. Ojulari made the remarks during a fireside discussion titled Securing Nigeria’s Energy Future at the Nigeria International Energy Summit…

Nigeria must harness its vast natural gas resources to drive Africa’s economic growth and contribute to global stability, Bayo Ojulari, group chief executive officer of Nigerian National Petroleum Company (NNPC) Limited, has said. Ojulari spoke on Tuesday at the opening ceremony of the Nigeria International Energy Summit (NIES) in Abuja, where he described Nigeria as an emerging global energy powerhouse.…

A new report by Nigerian think tank Agora Policy has blamed weak competition and market concentration, rather than production costs, for persistently high cement prices in Nigeria. Titled “Market Power and Failure of Competition Policy in Nigeria’s Cement Industry”, the report notes that Nigeria has maintained self-sufficiency in cement production since 2012 and currently has installed capacity far above domestic…

Access Holdings Plc has announced that the Board of Directors of Access Bank Plc , its flagship subsidiary, has appointed Mrs. Ifeyinwa Osime as Chairman of the Board, following the retirement of Mr. Paul Usoro on January 29, 2026, upon the completion of his regulatory tenure limit. She is an accomplished legal practitioner with a strong background in corporate governance…

The Nigeria Civil Aviation Authority (NCAA) has granted airline operators a 90-day grace period on the implementation of Advance Payment Guarantees (APGs) for the remittance of the statutory five per cent Ticket Sales Charge (TSC). The reprieve followed a meeting between the NCAA and the Airline Operators of Nigeria (AON) held on Monday at the Authority’s corporate headquarters in Abuja.…

The Central Bank of Nigeria (CBN) has launched its Fintech Report, a comprehensive assessment of the country’s fast-growing digital finance ecosystem. The report, released on Monday, built on insights from stakeholder surveys, closed-door workshops, and roundtables with fintech operators across the country. It captures candid feedback from industry players on innovation, regulation, and infrastructure, offering a snapshot of both the…

Nigeria’s leading airline, Air Peace, has denied allegations that it colluded with the federal government to mislead Nigerians regarding the planned direct flight between Lagos and São Paulo, Brazil. The claims arose after some Nigerians residing in Brazil criticised both the airline and the government, saying a promised service had yet to materialise despite a Memorandum of Understanding (MoU) signed…

The Customs Area Controller (CAC), Lagos Free Trade Zone (LFTZ) Command, Comptroller Hauwa Abubakar, has urged officers and men of the command to uphold professionalism, integrity and discipline, describing reputation as a critical asset to the effectiveness and legitimacy of the Nigeria Customs Service (NCS). Abubakar gave the charge on Wednesday while declaring open a Workshop on Reputation Management for…

Wema Bank Plc has released its unaudited financial statements for the year ended December 31, 2025, reporting a pre-tax profit of N222.07 billion, reflecting a 116.3per cent increase compared to N102.52 billion in 2024. Profit after tax surged to N193.19 billion, up 123.54per cent from the previous year’s N86.28 billion This can be attributed to the 51per cent growth in…