J’Berger Engineering Limited has given assurance that the Warri–Effurun flyover project will be delivered on schedule, underlining its dedication to quality, safety, and community impact as the region anticipates enhanced mobility and economic activation. The company, contracted to execute the dual carriageway overpass linking Effurun to Warri in Delta State, African Petrochemical & Refining Company (APRC) host communities and suburban settlements, emphasized that the project remains on course despite occasional logistical challenges and environmental disruptions. Representatives of J’Berger, led by the Site Manager and Project Engineer, spoke at a media briefing held at the project site. They reported that preliminary…
Author: Temitope N.
The Federal Airports Authority of Nigeria (FAAN) and the Nigeria Customs Service (NCS) have announced a joint initiative aimed at addressing the deficiencies that have kept Nigeria’s aviation sector on international grey lists, marking a significant development in the country’s efforts to regain global confidence and improve aviation safety standards. The collaboration is anchored on the shared objective of improving regulatory compliance, streamlining processes, and enhancing infrastructure to support international best practices in airport operations and security. The co-operation agreement was formalised in a high-level meeting between FAAN’s management team and senior officials from Customs and aviation security agencies. This…
Jumia Nigeria, a leading e‑commerce platform in Africa, has announced the appointment of Mr. Ayodeji Ojo as its new Chief Executive Officer, a move signaling the company’s intent to re-energize its operations and strengthen its competitive standing in the rapidly evolving Nigerian online retail market. The appointment is effective immediately, marking a new chapter in Jumia’s journey as it seeks to reposition itself amid growing consumer demand, intensified digital competition, and an increasingly challenging macroeconomic environment. Mr. Ojo, who assumes leadership following the departure of his predecessor, brings a wealth of experience in technology-driven business transformation, retail innovation, and strategic…
In a ceremony marked by warmth and wide-ranging commendation, the Rotary Club has officially installed Mr. Patrick Akinyele as the new District Governor, ushering in a leadership transition that promises renewed focus on community service, youth empowerment, and strategic growth across the Rotary districts. The event brought together Rotarians, community influencers, past governors, and representatives from civic organisations, each celebrating Akinyele’s journey and vision for the future. Mr. Akinyele, a seasoned Rotarian with over two decades of service in various capacities at club and district levels, assumed office following a solemn induction ceremony. He takes the helm at a time…
Addosser Microfinance Bank (MFB), as it marks its 17th year of operation, has announced plans to obtain a national licence, signalling its ambition to increase financial inclusion and broaden its footprint across Nigeria. The milestone anniversary and the licence pursuit reflect the stable growth and strategic evolution the bank has experienced since establishment, positioning it for a more significant role in the country’s financial services sector. Established in 2008, Addosser MFB has consistently focused on providing accessible financial products and services to underserved individuals and small businesses. Over the years, the bank has built its reputation on flexible loan offerings,…
The Organised Private Sector (OPS) has acknowledged former President Muhammadu Buhari’s efforts in driving Nigeria’s reform agenda despite facing significant economic turbulence during his administration. According to key stakeholders within the OPS, Buhari demonstrated a firm commitment to structural changes that sought to reposition the country’s economy for long-term stability, even as global and domestic headwinds posed persistent challenges. In their assessment, business leaders and economic analysts credited Buhari for championing initiatives aimed at diversifying the economy, promoting infrastructure development, and strengthening key regulatory institutions. They argued that while the administration’s reforms were not without shortcomings, they reflected a deliberate…
In a significant step toward strengthening Nigeria’s agricultural resilience and human development, the Federal Government has entered into a strategic partnership with the Permanent Interstate Committee for Drought Control in the Sahel (CILSS) to improve the nation’s food systems and nutritional security. The partnership aims to tackle persistent challenges affecting food availability, malnutrition, and sustainable farming practices, especially in regions vulnerable to climate variability and economic hardship. The collaboration, announced after a high-level technical meeting between Nigerian agricultural authorities and representatives of CILSS, is part of a broader regional initiative focused on building stronger food systems across the Sahel and…
A growing chorus of aviation professionals, business leaders, and development advocates is urging the Federal Government to abolish the $300 landing fee imposed on helicopter operations at Nigerian airports. They argue that the charge undermines efforts to improve connectivity, discourage private investment in air mobility, and hinder the growth of a potentially lucrative niche in the aviation sector. Introduced quietly in recent years as part of a revised fee structure, the $300 fee is levied on each helicopter landing at commercial and government-run airports. While the amount may appear modest in global aviation terms, industry stakeholders say it is prohibitively…
Nigeria could suffer a significant blow to its fiscal stability, as the International Monetary Fund (IMF) has projected a potential revenue loss amounting to 0.5 percent of the country’s Gross Domestic Product (GDP). The warning comes in the wake of Nigeria’s decision to delay the implementation of critical tax reforms, including a proposed increase in Value Added Tax (VAT), which was initially designed to enhance revenue mobilisation and reduce budget deficits. The IMF stated that while the government’s decision may offer temporary relief to households already strained by inflation and economic hardship, it could also hamper Nigeria’s long-term fiscal sustainability.…
Nigeria’s electricity sector saw 187,000 new prepaid meters installed during the first quarter of the year, a figure hailed by distribution companies (Discos) as a marker of progress in reducing the country’s longstanding metering challenge. However, despite this uptick in installations, experts warn that the metering gap remains stubbornly large, leaving millions of consumers still without accurate billing or access to metered electricity. The minister of power recently announced the figures in a briefing meant to show that Discos are making steady strides in equipping households and businesses with prepaid meters. According to the industry, the 187,000-meter rollout included installations…
Nigeria’s energy landscape received a major boost as the National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) successfully attracted $1.2 billion in investment for modular refineries, according to DAPPMAN, the Dangote Petroleum Products Marketing Company. The inflows, representing a milestone in local refining capacity development, highlight growing investor confidence in private-sector-driven solutions to longstanding fuel security challenges. DAPPMAN President, speaking at an industry briefing, applauded the NMDPRA’s proactive regulatory framework, noting that the investment signals fresh momentum in the downstream sector. He disclosed that multiple modular refinery projects are now at advanced development stages, with some nearing commissioning. These refineries—typically smaller,…
Nigeria’s oil and gas sector has received a significant boost, as lawmakers disclosed that the Petroleum Industry Act (PIA) has attracted over $16 billion in investment commitments within two years of its enactment. This development marks a major turnaround for the nation’s energy industry, which had previously struggled to draw substantial foreign capital due to regulatory uncertainty and infrastructural challenges. The House of Representatives made the announcement following a briefing with key stakeholders in the oil and gas industry, including officials from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Ministry of Petroleum Resources. According to lawmakers, the implementation…
EnergyInc has announced a comprehensive strategy aimed at mitigating investment and operational risks in major energy projects across Africa, seeking to foster a sustainable and secure energy future for the continent. The energy giant revealed the initiative as part of its newly launched Africa Energy Risk Mitigation Programme during a high-level forum attended by industry stakeholders, government representatives, and project financiers. During his presentation, the Chief Executive Officer of EnergyInc emphasized that while Africa’s energy potential is immense, it remains underexploited partly due to persistent risks—regulatory uncertainty, financing hurdles, infrastructure gaps, and social resistance. He explained that the company’s programme…
Guaranty Trust Holding Company Plc (GTCO) is preparing to strike a delicate balance between driving global expansion and maintaining consistent dividend returns for its retail shareholders, according to the bank’s Group Managing Director, Segun Agbaje. Speaking during the company’s annual financial results presentation, Agbaje highlighted GTCO’s ambitious strategy to grow its international footprint while ensuring that loyal retail investors continue benefiting from the strong performance. Agbaje noted that the bank’s operating environment necessitates thoughtful capital allocation to support both expansion and returns. With a presence in several African countries—including Ghana, Sierra Leone, Kenya, and Rwanda—GTCO is pursuing measured growth through…
A significant number of bonded terminals in Nigeria are currently operating without essential infrastructure and basic amenities, posing serious challenges to cargo handling efficiency, safety, and the overall effectiveness of port decongestion efforts. According to operators within the sector, at least 40% of these terminals lack fundamental facilities such as weighbridges, proper stacking equipment, functional scanners, and adequate lighting—conditions that compromise both service quality and operational security. Bonded terminals are designated areas outside seaports where customs-cleared cargo is temporarily stored before being delivered to consignees. They are intended to serve as critical buffers in relieving congestion at Nigeria’s main ports,…
Rainoil Limited, one of Nigeria’s leading privately-owned petroleum downstream companies, has officially inaugurated ten new fuel service stations as part of its ongoing strategy to deepen market presence and enhance customer convenience. The move marks a significant expansion of the company’s network, reflecting its commitment to improving fuel accessibility and supporting national economic growth. The unveiling ceremony, held at the company’s new flagship station in Lekki, Lagos, was attended by senior executives from Rainoil, industry stakeholders, and representatives of the National Union of Petroleum and Natural Gas Workers (NUPENG). In his address, Rainoil’s Group Managing Director highlighted the company’s strategic…
Africa’s richest man and industrial magnate, Aliko Dangote, has submitted official documentation to commence the development of what is expected to become the continent’s largest deep-sea port, as part of an ambitious expansion strategy to position Nigeria as a dominant force in global trade and energy exports. In addition to the port project, the Dangote Group has also revealed plans to begin exporting natural gas, signaling a new chapter in the company’s transformation from manufacturing powerhouse to an integrated energy and logistics giant. According to insiders close to the development, the paperwork for the seaport project was recently submitted to…
Nigeria’s insurance landscape is experiencing a wave of mergers and takeovers, a trend driven by regulatory pressure from the ongoing Insurance Industry Reform Bill and the quest for operational efficiency, financial stability, and market competitiveness. The reforms, which aim to strengthen solvency standards, improve governance, and deepen industry capacity, have prompted several firms to explore consolidation as a strategic option to future-proof their operations and comply with tighter capital requirements. Over the past six months, the National Insurance Commission’s (NAICOM) push for higher capitalisation and improved risk management has triggered merger talks and takeover bids among mid-sized insurers. These companies,…
The Organization of the Petroleum Exporting Countries (OPEC) has issued a stark warning about a projected $14.9 trillion shortfall in upstream oil and gas investments through 2045, a development that could significantly disrupt global energy security and destabilize supply chains in the coming decades. The projection comes as governments and investors around the world increasingly pivot toward renewable energy and low-carbon alternatives, raising concerns about underfunding in fossil fuel exploration and production. OPEC made this known in its latest World Oil Outlook report, which outlines the long-term trajectory of global energy demand, investment needs, and policy challenges. According to the…
The Federal Inland Revenue Service (FIRS) has intensified its campaign to curb tax evasion and halt illicit financial flows in Nigeria as part of broader efforts to improve national revenue and strengthen the integrity of the country’s fiscal framework. The tax authority has unveiled a multi-pronged strategy that includes stronger enforcement, inter-agency cooperation, enhanced data analytics, and new legislative backing to tackle financial leakages and improve compliance. In a statement issued by the agency, FIRS Chairman Zacch Adedeji emphasized the urgency of tackling tax avoidance and capital flight, both of which have undermined the government’s ability to mobilize domestic revenue…