Nigeria’s ongoing electricity sector reforms could face major setbacks if regulatory uncertainty and weak coordination between federal and state authorities are not urgently addressed, a new report by PricewaterhouseCoopers has warned. The report, titled “Priority Actions for the Successful Evolution of Nigeria’s Multi-Tier Electricity Market,” said the country’s transition toward a decentralised electricity system requires…
By Seun Ibiyemi SunTrust Bank Nigeria Limited has announced the appointment of Mrs. Kudi Badmus, FCA, as its new Executive Director, in a move aimed at strengthening the bank’s leadership team and accelerating its growth strategy. The bank said Badmus brings over three decades of professional experience spanning banking, energy, and infrastructure sectors, positioning her…
Thousands of jobs are at risk in Lagos following the shutdown of several inland container terminals, as operators lament severe cargo shortages from Apapa and Tin-Can Island ports. The Association of Bonded Terminals Operators of Nigeria has confirmed that ITC Container Terminals, Alliance Container Terminal, and Creseada Container Terminals have ceased operations due to lack…
…Blames opposition crises on poor leadership, internal rivalries By Seun Ibiyemi The All Progressives Congress (APC) has called on security and intelligence agencies to investigate Oyo State Governor, Seyi Makinde, over comments allegedly referencing the violent “Operation Wetie” era during a recent opposition parties’ summit in Ibadan. The ruling party described the governor’s remarks as…
By Seun Ibiyemi United Bank for Africa (UBA) Plc has reported an 11.8 per cent increase in customer deposits for the financial year ended December 31, 2025, as deposits rose to N27.2 trillion from N24.3 trillion recorded in 2024. The bank disclosed this in its audited financial results released through the Nigerian Exchange Ltd. over…
Polaris Bank Ltd and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) have inaugurated an Export Express Support Centre aimed at strengthening Nigeria’s non-oil export sector and providing practical support for exporters, especially Micro, Small and Medium Enterprises (MSMEs). The stakeholders at the launch event stressed that stronger partnerships among financial…
By Seun Ibiyemi The Nigeria Revenue Service (NRS) has dismissed as false and misleading a viral infographic claiming that the Federal Government has introduced a new vehicle tax effective from July 1. The agency clarified that no such tax had been approved, urging Nigerians to disregard the message and rely only on verified government communication…
…As Air Peace reduces Abuja-London flight frequency By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has warned that President Bola Ahmed Tinubu’s approval of a 30 per cent discount on outstanding debts owed by Nigerian airlines will offer only temporary relief unless the Federal Government tackles the deeper structural challenges crippling…
By Seun Ibiyemi The Ondo State Government has approved a leasing arrangement between the Ondo State Power Company (OSPC) and the Niger Delta Power Holding Company (NDPHC) for the utilisation of key electricity distribution infrastructure within the state, in a move that has reignited debate over regulatory authority in Nigeria’s evolving electricity market. The approval,…
By Seun Ibiyemi The 27th Ordinary Session of the Assembly of Health Ministers of the Economic Community of West African States (ECOWAS) with member states reaffirming their commitment to a coordinated regional strategy aimed at eliminating malaria across West Africa. The two-day high-level meeting, organised by the West African Health Organisation (WAHO) in collaboration with…
