By Seun Ibiyemi Access Bank Plc has fully redeemed its $500 million Senior Unsecured Eurobond, which matured on September 21, 2026, bringing to a close the bank’s five-year international debt issuance launched in 2021. The development was disclosed in a statement signed by the Company Secretary of Access Holdings Plc, Sunday Ekwochi. The Eurobond was…
By Seun Ibiyemi The Nigerian Port Economic Regulatory Agency (NPERA) and the Nigerian Ports Authority (NPA) have commenced technical discussions aimed at eliminating overlapping responsibilities in the management and regulation of inland dry ports across Nigeria. The discussions, which began on Monday, are part of the implementation of a new regulatory framework following the directive…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has launched a coordinated maritime enforcement operation, code-named “Operation Blue-Green,” across key operational areas in Lagos as part of efforts to strengthen compliance, maritime security and revenue generation. The operation involved the deployment of assets under the Integrated National Security and Waterways Protection Infrastructure,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has moved to revoke non-performing oil licences awarded under recent bid rounds, warning operators to fulfil their statutory work obligations or risk losing their assets. The regulator said the affected operators have until October 31 to demonstrate compliance with their approved work programmes under the “Drill-or-Drop” policy established…
By Seun Ibiyemi Experts and stakeholders at the 4th Ehingbeti Maritime Hub Summit have called for the establishment of a dedicated Coastal Resilience Fund to finance coastal protection, infrastructure development and community empowerment across Nigeria. The call was made at the summit held at the Oriental Hotel, Victoria Island, Lagos, where participants examined the legal,…
By David Oluwatosin The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Independent National Electoral Commission (INEC) before the Federal High Court in Abuja over its alleged failure to disclose limits on political contributions ahead of the 2027 general elections. SERAP, in suit No. FHC/ABJ/CS/2114/2026, is asking the court to compel INEC to disclose…
… As Atiku demands explanation over absence By Seun Ibiyemi President Bola Tinubu will not attend the 81st Session of the United Nations General Assembly (UNGA) in New York, with Vice-President Kashim Shettima scheduled to lead Nigeria’s delegation. The decision was announced on Sunday by Stanley Nkwocha, spokesman for the Vice-President, ending speculation over whether…
By Seun Ibiyemi Chairman of SIFAX Group, Dr Taiwo Afolabi, has called for greater integration of economic investment into global conflict-prevention efforts, arguing that infrastructure, employment and economic opportunities can help address conditions that contribute to instability. Afolabi made the call in New York, United States, while speaking at the United Nations General Assembly High-Level…
By Seun Ibiyemi The All Progressives Congress Presidential Campaign Council (APC-PCC) has challenged African Democratic Congress (ADC) presidential candidate Atiku Abubakar to disclose how he would fund and implement his proposed production subsidy for locally refined petrol. The council said the proposal, which Atiku says would reduce petrol pump prices, requires clarification on its cost,…
By Seun Ibiyemi Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted more than 1.3 million pills of tramadol and other opioids, alongside over 6,000 kilograms of cannabis, in a series of operations across Lagos, Edo, Niger, Delta, Ondo, Gombe, Imo and the Federal Capital Territory. The agency said the seizures had a…
