By Seun Ibiyemi The Nigeria Customs Service (NCS) has showcased its digital transformation efforts at the 2026 World Customs Organisation (WCO) Smart Customs Project Global Event in Brussels, Belgium, highlighting the deployment of technology to modernise operations and strengthen trade facilitation. The event, held from October 29 to 30 at the WCO Headquarters, brought together…
By Sodipo Olawumi President Bola Tinubu last week ordered the immediate clearance of over 300 containers of electricity equipment stranded at Nigerian ports some for 14 to 20 years and the Minister of Power, Olasunkanmi Joseph Tegbe disclosed it after the FEC meeting at the State House. Not empty containers. They are critical grid infrastructure,…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has re-arraigned Adeniyi Adeyemi on 22 counts bordering on alleged forgery, impersonation and related offences before the FCT High Court in Abuja. Adeyemi, who is accused of falsely presenting himself as Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), pleaded not guilty to all…
By Seun Ibiyemi President Bola Tinubu has defended Nigeria’s new borrowing from international financial institutions and banks, arguing that loans should be assessed based on the infrastructure they deliver and the economic value they create. The President, in an essay titled “From Reforms to Delivery: Our Infrastructure Investment and Growth Strategy,” said the focus should…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has used the OTL Energy Week 2026 platform to highlight regulatory priorities and contribute to discussions on strengthening Nigeria’s petroleum industry and the wider West African energy market. Officials of the Authority participated in several panel sessions covering refinery competitiveness, feedstock supply, petroleum distribution, tanker logistics,…
By Seun Ibiyemi Vice President Kashim Shettima has urged religious leaders and faith-based organisations to strengthen interfaith collaboration and support government efforts to promote national unity, peaceful coexistence and economic development. Shettima said religious leaders had important roles to play in fostering understanding among communities, promoting responsible citizenship and mobilising support for initiatives aimed at…
By David Oluwatosin President Bola Tinubu has inducted five new helicopters into the Nigerian Air Force (NAF), comprising three Leonardo AW-109 Trekker B and two Airbus H-125 aircraft, as part of efforts to strengthen the country’s airpower capabilities and improve national security. The induction ceremony, held on Thursday, October 29, 2026, marks another phase in…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to achieve Nigeria’s target of reducing methane emissions by 60 per cent by 2035 with the introduction of a digital platform to strengthen monitoring, reporting and regulatory enforcement in the oil and gas industry. The platform, known as the Nigerian Oil and…
By Seun Ibiyemi The Nigerian Union of Pensioners (NUP) has called on the Federal Government to extend the recently approved N70,000 monthly transport allowance for public servants to retired workers, arguing that pensioners also face growing economic hardship. The union made the appeal at a press briefing in Abuja, noting that many retirees were vulnerable…
Fidelity Bank Plc has redeemed its $400 million five-year senior unsecured Eurobond at maturity, fulfilling its principal and interest obligations to investors and reinforcing its record in the international debt capital markets. The Eurobond, issued on October 28, 2021, matured on October 28, 2026, with an annual coupon rate of 7.625 per cent, payable semi-annually….
