By Seun Ibiyemi The Federal Government has inaugurated a high-level technical committee to review a proposed $200 billion integrated infrastructure project aimed at transforming Nigeria’s energy and transportation sectors. Secretary to the Government of the Federation, George Akume, who inaugurated the committee, said the initiative combines gas development, power generation and transmission, as well as…
By Seun Ibiyemi Ministers from across West and Central Africa have renewed their commitment to ending gender-based violence, as they convened for a high-level ministerial meeting in Banjul on April 9, 2026. The meeting, held as part of the Forum of First Ladies of SWEDD+ Countries on Zero Tolerance for Gender-Based Violence, brought together ministers…
By Seun Ibiyemi The Nigeria Customs Service has intensified efforts to boost revenue generation and strengthen compliance with excise regulations, as its top officials engaged stakeholders in the Oyo/Osun Area Command. The Assistant Comptroller-General in charge of Excise, Free Trade Zone and Industrial Incentives, Eghosa Joy Edelduok, led a delegation to meet with excise traders…
By Seun Ibiyemi The Federal Government has signed a Memorandum of Understanding (MoU) with Nestlé Nigeria Plc to enhance animal genetics and improve farmers’ productivity in the country’s livestock sector. The Minister of Livestock Development, Idi Maiha, disclosed this on Wednesday during the signing ceremony, noting that the partnership would establish a dairy skills development…
By Seun Ibiyemi Wema Bank Plc has reported a profit before tax of N221.85 billion for the 2025 financial year, representing a 116 per cent increase compared with N102.51 billion recorded in 2024. The bank disclosed this in a statement issued on Wednesday in Lagos, attributing the strong performance to sustained growth in its core…
By Seun Ibiyemi The fintech subsidiary of Guaranty Trust Holding Company, HabariPay, posted a profit after tax of N9.7 billion for the 2025 financial year, marking a significant 155 per cent increase from the N3.8 billion recorded in 2024. The performance was disclosed in the company’s recently released full-year financial results, which attributed the sharp…
…NISO cuts N8b monthly transmission losses to 7.05% By Seun Ibiyemi A report by the Nigerian Electricity Regulatory Commission (NERC) has revealed that Nigerian consumers defaulted on electricity payments exceeding ₦63.46 billion to Distribution Companies (DisCos) in January 2026. This is even as Nigerian System Operator (NISO) revealed that it has reduced transmission losses which…
The Nigerian Meteorological Agency (NiMet) has predicted widespread rainy and thundery conditions across Nigeria from Thursday to Saturday, accompanied by dust haze in parts of the northern region. In its weather outlook released in Abuja, NiMet forecast moderate dust haze over Borno, Yobe, Kano, Katsina, Zamfara, Jigawa, Kebbi, and Sokoto states during the period. The…
By Seun Ibiyemi President Bola Tinubu has inaugurated three major infrastructure projects in Lagos State, describing them as critical to improving governance, mobility, and economic growth in the state. The projects include the Open-Mende-Ojota Link Bridge, the Lagos State Geographical Information System (LAGIS) building, and the Multi-Agency Complex in Alausa, which has been renamed the…
By Seun Ibiyemi Standard Chartered Bank Nigeria has emerged as the leading Mergers and Acquisitions (M&A) financial adviser in West Africa by deal value, reinforcing its position in the region’s corporate finance landscape. The bank announced the achievement in a statement issued on Wednesday by its Head of Corporate Affairs, Brand and Marketing, Ms Joke…
