Author: Temitope Nlewemchi

Lagos State Governor Babajide Sanwo-Olu stood proudly among Nigeria’s most accomplished business and public sector leaders at Tuesday’s Business Leadership Awards, where his administration’s transformative infrastructure projects earned him top honors. The annual ceremony, held at the Eko Convention Centre, recognized exceptional contributions to Nigeria’s economic and social development across multiple sectors. Sanwo-Olu received the “Excellence in Public Service Leadership” award for spearheading landmark initiatives including the Lagos Rail Mass Transit system, the Lekki Deep Sea Port, and the ongoing Fourth Mainland Bridge project. The selection committee highlighted his administration’s innovative approaches to urban planning and crisis management during the…

In a significant move to empower small and medium-sized enterprises (SMEs), a leading financial technology firm has launched a groundbreaking mobile application designed to simplify and accelerate access to business financing. The new app promises to transform the way SMEs secure loans, manage cash flow, and grow their operations in an increasingly digital economy. With SMEs accounting for a substantial portion of global employment and GDP, the lack of accessible financing has long been a critical hurdle. Traditional banks often impose stringent requirements, leaving many small business owners struggling to secure timely funding. The newly launched app seeks to disrupt…

Oil marketers across Nigeria have issued a cautionary note to the federal government, advising against a hasty implementation of a fuel import ban. They argue that the country’s current refining capacity is insufficient to meet domestic demand, and an abrupt policy shift could lead to fuel shortages and price hikes. Industry Leaders Voice Concerns The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) have been at the forefront of this advisory. Hammed Fashola, IPMAN’s National Vice President, emphasized that while the Dangote refinery is operational, other refineries are still under…

The U.S. government is contemplating criminal charges against Orbic Air, LLC, the operator of the helicopter involved in the fatal crash that claimed the lives of Nigerian banker Herbert Wigwe, his family, and three others in February 2024. The crash occurred on February 9, 2024, near Halloran Springs, California, when an Airbus EC130B4 helicopter, registered as N130CZ, went down, resulting in the deaths of all six individuals on board. Investigation Findings The U.S. National Transportation Safety Board (NTSB) released a final report identifying pilot disorientation and a violation of flight protocols as key causes of the crash. Specifically, the pilot…

The Nigerian Civil Aviation Authority (NCAA) has sanctioned Kenya Airways with a ₦3 million fine over allegations of passenger maltreatment, specifically concerning Nigerian traveler Gloria Omisore. The NCAA has also mandated the airline to compensate affected passengers and address various consumer protection violations. Incident Overview In January 2025, Gloria Omisore was traveling from Lagos to Manchester via Nairobi and Paris with Kenya Airways. Upon her return journey, she was denied boarding in Nairobi due to the absence of a Schengen visa, despite having previously traveled the same route without issue. Subsequently, she experienced a 17-hour layover during which she requested…

The Securities and Exchange Commission (SEC) of Nigeria has launched a comprehensive technology adoption survey aimed at assessing the integration of advanced digital tools among registered Capital Market Operators (CMOs). This initiative underscores the SEC’s commitment to fostering innovation, enhancing market efficiency, and ensuring investor protection within Nigeria’s capital market. Objectives of the Survey The primary goal of the survey is to evaluate the extent to which CMOs are adopting and implementing modern technologies in their operations. By gathering this data, the SEC aims to identify areas where technological advancements can further improve market practices, streamline processes, and bolster transparency.…

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has expressed concerns regarding the potential monopolistic control that the Dangote Refinery could exert over Nigeria’s fuel market once it becomes fully operational. DAPPMAN’s alarm comes as the refinery, with a refining capacity of 650,000 barrels per day, moves closer to meeting Nigeria’s domestic fuel needs, which could significantly reduce the country’s dependence on fuel imports. While this shift towards self-sufficiency is largely seen as positive for Nigeria’s economy, DAPPMAN is raising red flags over the implications of such dominance in the market. In an interview with the media, DAPPMAN’s…

The Manufacturers Association of Nigeria (MAN) has urged the federal government to reconsider plans to ban single-use plastics, advocating instead for a more sustainable and economically viable approach centered on recycling. According to the association, banning plastics outright could lead to serious consequences for industries, jobs, and the environment if not handled with a strategic, long-term vision. Speaking on behalf of manufacturers across the country, the Director General of MAN, Segun Ajayi-Kadir, said that while plastic pollution is a pressing issue, the solution lies in building a robust recycling infrastructure rather than shutting down an entire segment of production. He…

In response to the Nigerian government’s proposed ban on single-use plastics, the Manufacturers Association of Nigeria (MAN) has urged authorities to prioritize recycling initiatives instead. They argue that enhancing recycling infrastructure and promoting sustainable alternatives would better balance environmental concerns with economic stability. MAN’s Director General, Segun Ajayi-Kadir, emphasized that a nationwide ban could disrupt various sectors, including packaging, consumer goods, food and beverage, and healthcare. He highlighted that small and medium-sized enterprises (SMEs) might struggle to adapt due to limited resources, potentially leading to job losses and economic downturns. The association advocates for a phased approach, suggesting investments in…

Aliko Dangote, Africa’s richest man and President of the Dangote Group, has reaffirmed his company’s commitment to collaboration with the Nigerian National Petroleum Company Limited (NNPC Ltd), emphasizing the strategic partnership between both entities as essential for Nigeria’s energy security and industrial growth. This came during a high-level visit to the NNPC headquarters in Abuja, where Dangote met with the Group Chief Executive Officer, Bayo Ojulari, and other senior officials. Speaking during the visit, Dangote stressed that his relationship with the national oil company is one of cooperation and mutual benefit rather than competition. “NNPC is part and parcel of…

Sportsbet.io, a leading crypto-focused sports betting platform, has recently expanded its global ambassador program, “Join the Crypto Experience,” by enlisting a diverse group of influencers and personalities from various fields. This initiative aims to merge the worlds of sports, entertainment, and cryptocurrency, reflecting the platform’s commitment to innovation and community engagement. Among the latest additions is NBA player Tristan Thompson, who has signed a two-year deal with Sportsbet.io. Thompson will share his insights on various sports, including NFL, MLB, football, tennis, golf, UFC, and boxing, offering fans exclusive promotions and weekly betting tips. His passion for cryptocurrency aligns with Sportsbet.io’s…

The integration of artificial intelligence (AI) into cybercrime has introduced a new era of sophisticated attacks, with human error emerging as a primary vulnerability. Cybercriminals are leveraging AI to automate and enhance various phases of cyberattacks, making them more efficient and harder to detect. AI-powered cyberattacks utilize machine learning algorithms to identify vulnerabilities, deploy targeted campaigns, and exfiltrate data. These attacks can adapt over time, learning from previous attempts to avoid detection and improve success rates. For instance, AI can automate the reconnaissance phase, gathering data on potential targets to craft more convincing phishing emails and messages. Human error significantly…

Lafarge Africa Plc has achieved a significant milestone in its commitment to quality and environmental sustainability, with its ReadyMix operations receiving two prestigious certifications from the International Organization for Standardization. The certifications—ISO 9001:2015 for Quality Management Systems and ISO 14001:2015 for Environmental Management Systems—were awarded by the Standards Organisation of Nigeria (SON). This recognition underscores Lafarge Africa’s adherence to international best practices in delivering high-quality, environmentally responsible concrete solutions. ISO 9001:2015 certification affirms the company’s dedication to consistent quality in its ReadyMix products, ensuring they meet customer and regulatory requirements. ISO 14001:2015 certification highlights Lafarge Africa’s proactive approach to environmental…

Coronation Group has reaffirmed its commitment to driving sustainable wealth creation in Africa by announcing its participation in the upcoming Africa CEO Forum. The forum, which will bring together leaders from across the continent, is expected to serve as a platform for meaningful dialogue on business growth, legacy building, and economic transformation. At the heart of Coronation’s presence is a strategic focus on empowering African enterprises and individuals through long-term financial planning and investment. The group aims to leverage the forum to highlight its dedication to building enduring wealth across generations, particularly through innovative banking, insurance, and investment services. The…

In a strategic move to address Nigeria’s housing deficit, a prominent real estate company has completed the allocation of residential plots to investors. The initiative, part of the firm’s broader commitment to expanding affordable housing, aims to provide more Nigerians with access to land ownership and contribute to reducing the nation’s housing shortfall. The allocated plots are situated in a newly developed estate strategically located to offer residents both accessibility and tranquility. The estate boasts essential infrastructure, including paved roads, drainage systems, and provisions for electricity and water supply, ensuring a conducive environment for prospective homeowners. This development aligns with…

In a coordinated and urgent mission, the Nigerian government has successfully rescued and repatriated 78 women who were victims of human trafficking in Côte d’Ivoire. The operation highlights the growing commitment by authorities to confront the persistent threat of human trafficking, particularly involving young Nigerian women lured abroad with false promises of employment. The rescued victims, mostly aged between 13 and 30, had been trafficked under deceptive schemes, only to find themselves trapped in forced labor and sexual exploitation in various parts of Abidjan. Their ordeal came to light following mounting pressure from the public and civil society figures who…

The Nigeria Customs Service (NCS) has announced a revenue collection of N1.75 trillion for the first half of 2024, derived from total trade valued at N36 trillion during the same period. **Key Highlights:** 1. **Revenue Performance** – First half 2024 collection: N1.75 trillion – Represents 63% of annual target (N2.79 trillion) – 32% increase compared to same period in 2023 2. **Trade Volume Analysis** – Total trade value: N36 trillion (January-June 2024) – Import-export ratio: 60:40 – Top imports: Petroleum products, vehicles, machinery – Major exports: Crude oil, agricultural products 3. **Operational Efficiency** – 98% of collections through electronic platforms…

The Federal Government has issued a strong warning to oil refineries and industrial operators across the country regarding improper waste disposal practices. The Minister of Environment, Balarabe Lawal, delivered the caution during an environmental compliance meeting with industry stakeholders in Abuja on Tuesday. Key Points from the Warning: 1. Immediate Compliance Mandate – All refineries and industrial plants must adhere strictly to approved waste management protocols – Facilities found violating environmental regulations will face severe sanctions 2. New Monitoring Measures – Deployment of specialized surveillance teams to high-risk industrial zones – Mandatory installation of real-time effluent monitoring systems by Q1…

The Chartered Institute of Taxation of Nigeria (CITN) has called on newly inducted tax professionals to play an active role in shaping the nation’s fiscal policy direction. The charge was given during the institute’s recent induction ceremony for associate members held in Lagos. CITN President, Mr. Samuel Agbeluyi, emphasized that tax practitioners must go beyond compliance to serve as catalysts for positive change in Nigeria’s economic landscape. He tasked the 283 newly inducted members with applying their expertise to advocate for balanced tax policies that support both revenue generation and economic development. The institute outlined several key areas where tax…

Lagos, Nigeria – Thousands of e-hailing drivers across Nigeria are set to down tools next week in a coordinated strike against what they describe as unfair labor practices by ride-hailing platforms. The drivers, operating under the Amalgamated Union of App-based Transporters of Nigeria (AUATON), are demanding better pay, improved working conditions, and more transparent policies from companies like Uber, Bolt, and inDrive. Why Drivers Are Protesting The drivers’ grievances center on several key issues: Low Earnings and High Commissions Drivers say their take-home pay has dropped significantly due to increasing platform commissions, which can be as high as 25-30% per…