By Seun Ibiyemi Geregu Power Plc has projected a post-tax profit of N8.1 billion for the second quarter of 2026, translating to earnings per share of N3.27, as the power generation company forecasts steady performance despite a more cautious revenue outlook. According to the company’s financial forecast, sales for the quarter are expected to reach…
By Seun Ibiyemi Nigeria’s airports will begin operating a hybrid payment system at access gates from Thursday, March 13, following the suspension of the fully cashless arrangement that caused traffic congestion at several airports across the country. The new system, introduced by the Federal Airports Authority of Nigeria (FAAN), will allow motorists to pay gate…
By Adeyemi David The opposition Peoples Democratic Party (PDP) has lost more seats in the House of Representatives of Nigeria following the defection of four of its members to the ruling All Progressives Congress (APC) and the Accord Party. The lawmakers formally announced their defections in separate letters read during plenary on Wednesday by the…
By Seun Ibiyemi Skyway Aviation Handling Company PLC (SAHCO) recently hosted its partners, clients, and stakeholders to a special Ramadan Iftar lecture and dinner aimed at strengthening relationships within the aviation industry while promoting the values of faith, discipline, and ethical conduct. The event, held at the Lagos Marriott Hotel Ikeja, brought together airline representatives,…
By Seun Ibiyemi The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dayo Mobereola has called for digital transformation as a catalyst for increasing the number of women participation in the maritime industry. Dr Mobereola said this in Lagos at a regional symposium organized by NIMASA in collaboration with the Kofi…
By Seun Ibiyemi Fidelity Bank Plc has launched its “Give Her Power” initiative, a comprehensive programme aimed at boosting women’s economic empowerment in Nigeria. The launch included the signing of Memoranda of Understanding (MoUs) with partner organisations, cementing collaborations to support skill development, mentorship, and entrepreneurship. The initiative, unveiled during activities commemorating the 2026 International…
The Securities and Exchange Commission (SEC) Nigeria has inaugurated a dedicated Regulator–Financial Technology (Fintech) Clinic aimed at strengthening dialogue with Nigeria’s rapidly growing fintech ecosystem. In a notice issued in Abuja on Tuesday, the commission said the initiative is designed to ensure that innovation within the financial technology sector aligns with regulatory compliance while safeguarding…
By Seun Ibiyemi Nigeria’s decision to power the Aso Rock Presidential Villa with its own solar energy system marks a symbolic and potentially transformative moment for the nation’s beleaguered electricity sector. While the move has drawn praise for its environmental foresight, it also lays bare deep structural problems in the country’s energy supply and carries…
By Seun Ibiyemi In a bid to expand access to cheaper and cleaner fuel alternatives, President Bola Ahmed Tinubu has directed the Presidential Initiative on Compressed Natural Gas (PiCNG) to deploy about 100,000 vehicle conversion kits nationwide. The directive is aimed at promoting the use of Compressed Natural Gas (CNG) as a substitute for petrol…
By Seun Ibiyemi Amid rising financial crime concerns, the Central Bank of Nigeria has introduced new technology-driven regulations requiring banks and other financial institutions to deploy automated anti-money laundering (AML) systems to strengthen the detection of suspicious financial transactions across the country. The directive was contained in a circular issued on March 10, 2026, to…
