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With Saviour Ekpe, Ph.D The signing of the Electricity Act 2023 by President Bola Ahmed Tinubu on June 9, 2023, marked a significant turning point in Nigeria’s power sector. For the first time, states have been granted the authority to ...

The planned commencement of the Akwa Ibom State University of Education (AKSUE) in September, 2026 by the leadership of Governor Umo Bassey Eno, Ph.D the Executive Governor of Akwa Ibom State is a landmark development that deserves the support, commendation ...

The Central Bank of Nigeria (CBN) has extended the enforcement date for the mandatory geo-fencing of Point-of-Sale (PoS) terminals to August 1, 2026, in a move aimed at giving financial institutions and payment service providers additional time to comply with ...

President Bola Ahmed Tinubu on Friday commissioned a high‑capacity compressed natural gas (CNG) booster station in Jahi, Abuja, as part of a public/private sector drive to expand gas infrastructure, deepen utilisation and reduce dependence on conventional fuels across Nigeria. The ...

Reaffirming its commitment to early financial inclusion, Wema Bank Plc handed over its leadership reins to 10-year-old Chinmamanda Ozoakpata for Children’s Day. The head girl at Redeemers Foundation Nursery and Primary School emerged after her one-minute video entry garnered over ...

The Nigerian Safety Investigation Bureau (NSIB), has commenced an investigation into the collision between the container vessel MV Maersk Valparaiso and the oil tanker MT Lady Martina. The incident occurred at Bonny Anchorage, Rivers State, on May 20, 2026. The ...

Nigeria’s widening MSME financing shortfall has come into sharper focus as MTN Nigeria and SMEDAN intensify efforts to bridge the country’s estimated $158 billion annual funding gap through the mySMEville platform. The initiative, which has onboarded more than 2,600 micro, ...

Finance leaders across Africa have called for accelerated investment in digital finance infrastructure to expand financial inclusion and improve cross-border payments. This is has finance leaders, regulators, investors, fintech executives, and corporate stakeholders gathered in Lagos for the 6th Africa ...

Africa’s worsening trade finance crisis may deepen over the next two years as rising geopolitical tensions in the Middle East, surging energy prices and tightening global credit conditions threaten to widen the continent’s financing gap to $86.6 billion by 2027, ...

By Michael Dada How will a business that incurs a production cost of N4,538 to earn only N2,346 survive in perpetual deficit? This is the commercial reality confronting most power generation companies in Nigeria under the current Nigerian Bulk Electricity ...