…Boosts Lagos power capacity By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has inaugurated a new 300 MegaVolt Ampere (MVA) power transformer at its 330/132/33 kilovolts (kV) Egbin Transmission Substation in Lagos, increasing the facility’s capacity and strengthening electricity supply in parts of the state. TCN’s General Manager, Public Affairs, Mrs. Ndidi Mbah, disclosed…
By Seun Ibiyemi The Nigerian naira opened the trading week with a slight appreciation against the United States dollar on Monday, reflecting continued stability in the foreign exchange (FX) market amid sustained interventions by the Central Bank of Nigeria (CBN).Cardoso calls for digital payment reforms at G-24 meetings Data from the Nigerian Foreign Exchange Market…
By Seun Ibiyemi The Ajoke Ayisat Afolabi Foundation (AAAF), the corporate social responsibility arm of SIFAX Group, in partnership with the World Bank, has trained over 90 students of State Senior Secondary School, Oyewole, Agege, in Orile Agege Local Government Area of Lagos State on practical technology skills. The training programme, held under the foundation’s…
By Seun Ibiyemi The Nigeria Customs Service (NCS) on Monday commenced the sensitisation of clearing agents on the full automation of its Licences and Permits application processes, in a move aimed at enhancing efficiency, transparency, and ease of doing business. Speaking during the sensitisation programme in Lagos, the Deputy Comptroller-General of Customs (DCG) Tariff &…
By Seun Ibiyemi In the often turbulent waters of Nigeria’s maritime sector, few names have commanded as much attention and respect as Dr. Dayo Mobereola, Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), who assumed office on June 15, 2023. Since his appointment, Mobereola has consistently demonstrated a unique blend of vision, diligence,…
By Seun Ibiyemi The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola is seeking enhanced cooperation between the Agency and the Nigerian Air Force (NAF) with the aim of strengthening tactical air support within the Deep Blue project. This was disclosed in a statement made by Deputy Director/Head, Public…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that Nigeria’s strong rebound in capital importation may prove fragile if structural weaknesses in the economy are not urgently addressed. In a statement issued on Sunday by Chief Executive Officer of the CPPE, Dr Muda Yusuf, read that total capital inflows into…
Former President Olusegun Obasanjo has called for sweeping reforms at the National Open University of Nigeria (NOUN), urging the restoration of its law programme and deeper integration of artificial intelligence (AI) into its academic system. Obasanjo made the call in Abeokuta, Ogun State, when he received the newly appointed Vice-Chancellor of NOUN, Prof. Uduma Uduma,…
By Seun Ibiyemi The Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has warned that weak governance of Artificial Intelligence (AI) systems could trigger capital flight, distort markets and erode investor confidence in Nigeria. Kwairanga gave the warning ober the weekend while delivering the opening address at the InnovateAI Conference Lagos 2026, stressing that the…
By Seun Ibiyemi First HoldCo Plc has announced its unaudited results for the year ended December 31, 2025, reporting resilient core earnings growth amid elevated impairment charges and regulatory costs. The Group posted gross earnings of N3.4 trillion, representing a 4.8 per cent year-on-year increase, while profit after tax settled at N44.98 billion. Profit before…
