By Seun Ibiyemi SIFAX Shipping Bonded Terminal has commissioned a new office complex at its operational base on Ago Palace Way, Okota, Lagos, as part of efforts to improve service delivery and strengthen collaboration with government agencies and industry stakeholders. The facility, commissioned by Mrs. Wunmi Eniola-Jegede, Group Coordinating Director, on behalf of SIFAX Group…
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has condemned the reported attack on Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), and his entourage in Benue State. The organisation urged President Bola Tinubu to direct the Inspector-General of Police, IGP Olatunji Rilwan Disu, to take over the investigation into the…
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has issued a revised Order on the utilisation of earned Non-Administrative Operating Expenditure (Non-Admin OpEx) by successor electricity Distribution Companies (DisCos). The Order, which takes effect from September 4, 2026, is aimed at accelerating network upgrades, improving service reliability and ensuring that available revenues are invested…
By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has commenced rehabilitation works on four vandalised towers along the Afam/IPP/Elelenwo 132kV Double Circuit Transmission Line. The affected towers, identified as T50, T51, T52 and T53, were detected on August 6, 2026, by TCN linesmen. Further inspection revealed that critical bracing members had been removed from…
The Managing Director of First Bank of Nigeria Limited, Olusegun Alebiosu, has said artificial intelligence (AI) will provide more efficiency and opportunities than threats to the banking sector, provided its associated risks are properly managed. Alebiosu stated this on the sidelines of the 19th Chartered Institute of Bankers of Nigeria Annual Banking and Finance Conference…
… As Court extends restraining order By Seun Ibiyemi The legal battle between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over propane loading and distribution has intensified, with the regulator raising safety concerns and the refinery accusing it of abusing its powers. The dispute came to a head at…
By Seun Ibiyemi The Lagos State Government has launched the Sanwo-Olu Cares Initiative for Police Officers, granting 2,000 personnel under the Lagos State Police Command three months of unlimited free transportation across the state’s public transport network. The initiative, announced by the Office of the Senior Special Assistant to the Governor on Transport and Logistics,…
Former Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Barrister Temisan Omatseye, is set to chair the 2026 Annual Lecture and Awards of Primetime Reporters, a leading maritime-focused online newspaper. Omatseye, who served as Director-General of NIMASA from 2006 to 2010, is expected to bring his wealth of experience and deep knowledge of…
President Bola Tinubu has said Nigeria’s economic reform programme has entered a new phase aimed at converting macroeconomic stability into increased investment, production, job creation and improved living standards. Tinubu stated this on Tuesday at the 19th Annual Banking and Finance Conference in Abuja, where he said reforms implemented by his administration were beginning to…
The naira strengthened against the US dollar across both the parallel and official foreign exchange markets on Tuesday, as the exchange-rate gap between the two segments narrowed. In the parallel market, the naira appreciated to N1,387 per dollar, from N1,390/$1 recorded on Monday. Similarly, the local currency appreciated in the Nigerian Foreign Exchange Market (NFEM),…
