Category: Business
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BANK OF NIGERIA LAUNCHES VERVE FLASH PROMO WITH FREE CARDS
Bank of Nigeria Ltd. is rewarding customers with free Verve cards through its new Verve Flash Promo. From October 6, 2025, to January 30, 2026, 131 customers daily with expired ATM cards can get free Verve cards at branches nationwide. The promo celebrates FirstBank’s 131 years of trust and innovation, aiming to boost secure, convenient…
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NIGERIAN ENGINEERS PUSH FOR STRONGER LOCAL CONTENT POLICIES TO BOOST ECONOMY
The Nigerian Society of Engineers (NSE) is calling for a more aggressive push on local content policies to help grow the economy, create jobs, and speed up industrialization. This was the main message at the 2025 Annual Workshop of the Nigerian Content Development Committee (NCDC) in Abuja. Under the theme “Strengthening Nigeria’s Domestic Business Development:…
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MINISTER DELE ALAKE REPORTS RECOVERY OF 90 ILLEGAL MINING SITES, URGES TRADERS TO SUPPORT MINING REFORMS
Minister of Solid Minerals, Mr. Dele Alake, announced on Thursday in Akure that his ministry has successfully recovered over 90 mining sites from illegal miners nationwide. Speaking at the South-West stakeholders’ dialogue, Alake revealed that more than 300 illegal miners have been arrested, with 50 prosecuted and over 20 convicted under the current administration. In…
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UNIONS AND CSOs DEMAND IMMEDIATE REVERSAL OF PRIVATISATIONS IN NIGERIA’S ELECTRICITY, WATER, AND WASTE SECTORS
A powerful coalition of trade unions and civil society organisations is calling on the Nigerian government to urgently reverse privatisation in the electricity sector, as well as all existing privatisations in the water and waste sectors. The call, made at the National Public Utilities Summit in Abuja, highlights the negative impact privatisation has had on…
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NIGERIA LEADS SUB-SAHARAN AFRICA IN AQUACULTURE, BUT FACES GIANT FISH SUPPLY GAP
Nigeria’s aquaculture sector is producing about 500,000 metric tonnes of fish every year, making the country the biggest aquaculture producer in sub-Saharan Africa, says Dr. Charles Iyangbe, WorldFish Nigeria’s Country Representative. Speaking at Fisheries Society of Nigeria’s 40th anniversary in Nasarawa, he revealed fisheries jobs provide livelihoods for over 10 million Nigerians. But here’s the…
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NIGERIA SECURES ₦758 BILLION BOND TO PAY LONG-OVERDUE PENSIONS AND REBUILD TRUST
The Nigerian government has approved a groundbreaking ₦758 billion bond to settle longstanding pension liabilities, including pension increases owed since 2007, marking a significant step towards protecting retirees. The move, announced by Ms. Omolola Oloworaran, the Director-General of the National Pension Commission (PenCom), aims to clear a backlog of about ₦758 billion in pension debts…
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EFCC ARRAIGNS MT Ostria VESSEL AND THREE MEN OVER ₦12 BILLION OIL THEFT IN LAGOS
The Economic and Financial Crimes Commission (EFCC) arraigned the vessel MT Ostria, along with three men Raymundo Panaligam, Roneno Villarin, and Vincent Wayas on Wednesday before the Ikeja Special Offences Court. They face a four-count charge relating to conspiracy and theft of over 13 million litres of Premium Motor Spirit (PMS) valued at ₦12 billion,…
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COURT ADJOURNS DANGOTE PETROLEUM REFINERY’S SUIT AGAINST NNPCL OVER OIL IMPORT LICENCE DISPUTE TO NOVEMBER 5
The Federal High Court in Abuja has adjourned the hearing of a lawsuit filed by Dangote Petroleum Refinery and Petrochemicals FZE against Nigeria National Petroleum Company Limited (NNPCL) and others concerning oil import licences. The hearing, initially scheduled for Wednesday, was postponed due to the presiding judge Justice Mohammed Umar’s absence, as he was sitting…
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AFRICAN ENERGY LEADERS PUSH FOR REGIONAL INTEGRATION AND INVESTMENT AT OTL AFRICA DOWNSTREAM ENERGY WEEK 2025
Energy regulators and stakeholders from across Africa gathered in Lagos for the 19th OTL Africa Downstream Energy Week 2025, calling for stronger regional integration, harmonised policies, and increased investment to boost sustainability and competitiveness in the continent’s oil and gas sector. The event, themed “Energy Sustainability: Growth Beyond Boundaries and Competition,” highlighted how fragmented regulations…
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NIGERIA URGED TO BUILD A RESILIENT AND INCLUSIVE SHEA INDUSTRY TO BOOST ECONOMY
Nnanyelugo Ike-Muonso, Director-General of the Raw Materials Research and Development Council (RMRDC), stressed the urgent need for Nigeria to develop a competitive and inclusive Shea industry to strengthen the national economy. Speaking at an investors’ forum in Ibadan, he highlighted the potential of the Shea sector to create jobs, empower women, generate significant export revenue,…
