Author: Mujeedat

Vera Osokpo President Bola Ahmed Tinubu has praised the recognition of Nigeria Customs modernisation project, and the selection of Bergmans Security Consultant for a 20-year multi-billion-dollar African Continental Free Trade Area (AfCFTA) describing it as a validation to develope solutions for the wider African market. The President’s commendation was conveyed in a State House press release issued on Monday, August 10, 2026, by his Special Adviser on Information and Strategy, Bayo Onanuga. This followed the selection of Bergmans’ subsidiary, AfriTrade CMP, to implement the continental project, which is designed to deploy digital and physical infrastructure to enhance…

The Securities and Exchange Commission (SEC) has intensified its campaign to reduce unclaimed dividends and dormant investment assets by helping shareholders and beneficiaries recover funds tied up in the Nigerian capital market. The initiative was highlighted at a Probate, Unclaimed Monies Awareness and Investor Clinic organised by the SEC in partnership with Meristem Registrars and Probate Services Limited in Abuja. The programme focused on assisting beneficiaries to access inherited shares, dividends and other financial investments. SEC Director-General Emomotimi Agama said many families encounter lengthy delays after the death of a shareholder because they are unfamiliar with probate procedures,…

Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, says the group is on course to achieve its goal of generating $100 billion in annual revenue by 2030. He made the statement during a visit by senior Goldman Sachs executives to the Dangote industrial complex in Lagos. Dangote said the group’s internal financial modelling, based on conservative assumptions, had reinforced management’s confidence in the target. The delegation was led by Anthony Gutman, Co-Chief Executive Officer of Goldman Sachs International and Global Co-Head of Investment Banking. It toured the Dangote Petroleum Refinery and Petrochemicals complex, Dangote Fertiliser…

The Economic and Financial Crimes Commission (EFCC) has returned ₦125 million recovered from an alleged land fraud case to Lagos businessman Akinsewa Akiode. The Lagos Zonal Directorate 2 of the commission handed over the money to Akiode in Sterling Bank drafts on Thursday, 6 August 2026, after concluding its investigation into the complaint. Akiode had petitioned the EFCC against Olufemi Omoola Fashehun, alleging that he paid ₦125 million for a 550-square-metre property at 10 Kudirat Abiola Way, Oregun, Lagos. According to the petitioner, the seller failed to disclose that the property was the subject of a court…

Minister of Aviation and Aerospace Development Festus Keyamo, Bi-Courtney Aviation Services Chairman Wale Babalakin and Air Peace Chairman Allen Onyema are expected to lead discussions at the 30th Annual Conference of the League of Airports and Aviation Correspondents (LAAC). The conference is scheduled for Thursday, 10 September 2026, at the Providence Hotel, Ikeja, Lagos. It will bring together government officials, regulators, airline operators, airport managers, investors and other stakeholders to examine the future of Nigeria’s aviation industry. The event will be held under the theme, “Towards a Sustainable Aviation Industry: Balancing Government Revenue Demands with Sector Growth.” Keyamo…

The Lagos State Government has announced a shift from focusing mainly on healthcare projects to building durable systems that can provide quality, affordable and accessible medical services for residents over the long term. Governor Babajide Sanwo-Olu disclosed the new direction at the 2026 Eko Health Convention in Victoria Island, Lagos. The convention was themed “Building a Healthier Lagos: Connecting Access with Excellence,” with “Leveraging Digital Innovation and Strategic Partnerships for Better Outcomes” as its sub-theme. Sanwo-Olu said the government’s strategy would combine wider health insurance coverage, improved infrastructure, digital transformation, stronger regulation and partnerships with private-sector and development…

The Nigeria Customs Service (NCS) Federal Operations Unit Zone ‘A’ (FOU ‘A’), Ikeja-Lagos, has intercepted 220 consignments of prohibited and smuggled goods valued at N3,237,132,640.00 in Duty Paid Value, while clawing back N728,976,725.03. The operation, anchored on sharpened risk profiling, rigorous compliance checks, and targeted strikes against suspicious declarations, underscores the Unit’s unrelenting commitment to protecting local industries, securing government revenue, and keeping Nigeria’s trade corridors free of contraband. The seizures recorded during the period include 4,956 bags of foreign parboiled rice weighing 50kg each, equivalent to eight trailer loads; 12 foreign-used vehicles; 2,683 parcels of synthetic cannabis…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is working with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to address crude supply challenges affecting local refineries as Nigeria’s installed refining capacity rises to about 1.125 million barrels per day. Speaking in Lagos at the 49th annual conference of the Society of Petroleum Engineers Nigeria Council, NMDPRA Director-General Rabiu Umar said the two regulators would engage in discussions aimed at resolving difficulties surrounding the supply of crude to domestic processors. Umar said the Federal Government wants Nigeria to end the cycle of exporting crude oil while importing refined…

President Bola Ahmed Tinubu has welcomed Nigeria’s formal admission as the newest National Member Committee of the World Energy Council (WEC), describing the development as a major endorsement of the country’s energy reforms and its growing leadership role in Africa. Nigeria’s membership gives the country a stronger platform within the WEC’s global network to contribute to discussions on energy security, affordability, equity and sustainability. The council brings together energy stakeholders from more than 100 countries. The President congratulated the pioneer leadership of WEC Nigeria, led by Abdulrazaq Isa as Chairman and Bala Wunti as Chief Executive Officer. He…

The National Youth Service Corps (NYSC) has postponed the start of the 2026 Batch ‘B’ Stream II Orientation Course for prospective corps members posted to Sokoto and Niger states. The adjustment is due to ongoing renovation work at the two orientation camps being carried out by the respective state governments. Under the revised schedule, the orientation programme will begin on Wednesday, 12 August 2026. The cut-off and swearing-in ceremony will take place on Friday, 14 August, while the closing ceremony is scheduled for Tuesday, 1 September 2026. The NYSC urged all prospective corps members to plan their…