Author: Mujeedat
The Maritime Correspondents’ Organisation of Nigeria (MARCON) has described the newly signed Nigerian Ports Economic Regulatory Agency (NPERA) Act, 2026 as a game changer that will significantly boost investor confidence and set the nation’s ports on the path of increased productivity, transparency and competitiveness. In a statement issued in Lagos on Saturday, MARCON noted that the Presidential assent to the long-awaited legislation marks a decisive end to years of regulatory uncertainty that had hindered optimal performance in the port sector. The organisation described the Act as a critical institutional reform that finally provides a dedicated statutory framework for…
The National Public Relations Officer of the Nigeria Customs Service (NCS), Deputy Comptroller of Customs Abdullahi Maiwada, has reaffirmed the Service’s commitment to strengthening integrity, transparency and accountability through sustained institutional reforms, saying measures introduced by the current leadership are helping to mitigate corruption and promote ethical conduct among officers. Maiwada stated this on Thursday, 13 August 2026, at the Nicon Luxury Hotel, Abuja, during the 4th Economic Confidential Lecture and 6th National Spokespersons Awards organised by Image Merchants Promotion Limited (IMPR), where he spoke with journalists on the sidelines of the event themed, “Anti-Corruption Reforms, Economic Stability and…
The Nigeria Customs Service (NCS), Apapa Area Command, has posted an unprecedented revenue collection of ₦323 billion in July 2026, the highest monthly figure ever recorded by the Command. The landmark performance further underscores the strong results achieved under the leadership of Comptroller Emmanuel Oshoba, who earlier guided the Command to another record haul of ₦304 billion in October 2025. Comptroller Oshoba made the disclosure during the monthly meeting with Deputy Comptrollers of Terminals and Unit Heads held on Tuesday, 11 August 2026. He attributed the record collection to the combined impact of policy support, operational reforms…
Nigeria LNG Limited (NLNG) and the Nigerian Content Development and Monitoring Board (NCDMB) have broken ground for the NLNG Research and Innovation Centre for Computer and Electrical Engineering (RICCEE) at Rivers State University, Port Harcourt, in a move aimed at strengthening Nigeria’s indigenous research, technological capacity and engineering skills. The project, described by NLNG as its largest human capital development institutional strengthening initiative to date, is designed to expand the university’s capacity for advanced, industry-relevant research, specialised training and the development of technological solutions for Nigeria’s energy and industrial sectors. The centre will also host a professorial chair and…
In a strong demonstration of community pride and homegrown enterprise, leading indigenous Itsekiri brands are rallying behind the Itsekiri Global Homecoming (IGHC), lending their platforms, expertise and resources to support the landmark celebration taking place across the Warri Kingdom from August 16 to 23, 2026. Held under the authority of His Majesty, Ogiame Atuwatse III, CFR, the Olu of Warri, and under the auspices of The Royal Order of Iwere (ROI), the Homecoming brings together Itsekiri sons, daughters, friends and global allies for a week-long celebration of heritage, culture, community and the future of the Warri Kingdom, while commemorating…
Saudi Arabia increased crude oil production by just over 1 million barrels per day in July, pumping 8.2 million bpd compared with 7.1 million bpd in June, according to data the kingdom reported to OPEC and seen by Bloomberg. The rebound reflects a temporary recovery among Persian Gulf producers during a short-lived ceasefire in the 2026 Iran war, even though output remains several million barrels per day below pre-conflict levels. The reported production level is about 780,000 bpd higher than the volume Saudi Arabia is assessed to have supplied to the market, consistent with views that the kingdom is…
More than 100 Pan-Yoruba and Itsekiri groups have met in Lagos and called for collective action against terrorism, religious intolerance and inter-group conflict in Yorubaland, urging an immediate end to attacks between supporters of Aare Ona Kakanfo Iba Gani Adams and Sunday Adeyemo (alias Igboho), leader of the Iru Ekun security network. The meeting, convened by journalist Adewale Adeoye, Chief Adekunle Adesokan and Alhaji Jubril Ogundimu, brought together leaders of self-determination and cultural organisations including the Afenifere Renewal Group, Oodua Peoples Congress (various factions), Yoruba Council of Elders, Agbekoya, Oodua Nationalist Coalition, Oodua Liberation Movement, Itsekiri National Congress and…
The Vision First initiative of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) has sustained its medical outreach efforts across Nigeria, with more than 10,000 people benefiting from the programme since its inception in 2022. The latest outreach, the sixth edition of Vision First, is being held this week in Badagry Local Government Area of Lagos State in collaboration with the Kolmarg Eyesight Foundation, the Lagos State Ministry of Health and the Badagry Local Government Council. Hundreds of residents from Badagry and adjoining communities are attending the five-day event, which offers…
Former Commissioner for Insurance and ex-CEO of the National Insurance Commission (NAICOM), Alhaji Mohamed Kari, has advised the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, to reject calls for regulatory concessions for NICON Insurance and Nigeria Reinsurance Corporation amid the just-concluded insurance industry recapitalisation exercise. Kari, who also served as former MD/CEO of both NICON and Nigeria Re, argued that the two institutions are no longer the market giants they once were and that their failure or strict regulatory discipline poses “absolutely zero systemic risk” to the Nigerian financial system or the broader economy.…
Chevron has appointed Uriel “Ose” Oseguera as treasurer, effective 1 November 2026, succeeding Navin Mahajan, who will retire after nearly 30 years with the oil major. Oseguera, currently vice president of Upstream Business Performance & Finance, will lead Chevron’s treasury organisation, covering capital markets, corporate finance, insurance, credit and risk management, reporting to Chief Financial Officer Eimear Bonner. Bonner said Oseguera brings an “exceptional combination of treasury expertise, global business leadership, and deep company knowledge” to the role, citing his experience across corporate finance, capital markets and international business leadership as a distinctive perspective on risk management, financial discipline…