Author: Mujeedat
The Dangote Group is planning to expand its industrial investments into Egypt as part of efforts to deepen its pan-African growth strategy and strengthen economic ties between Nigeria and Egypt. The development follows a visit by a high-level Egyptian delegation, led by the country’s Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh, to the Dangote Industries complex in Lagos. The delegation held discussions with senior executives of the Dangote Group on potential areas of industrial collaboration, investment partnerships and capacity expansion across strategic sectors. Accompanied by officials from Egypt’s Ministry of Petroleum and senior executives…
The Isoko Nation has reaffirmed its support for the re-election of President Bola Tinubu and Delta State Governor Sheriff Oborevwori in 2027. The endorsement was reiterated at a grand reception for Oborevwori and his wife, Deaconess Tobore, at Isoko House, Oleh, on Tuesday. At the ceremony which attracted traditional rulers, political leaders, captains of industries and prominent Isoko sons and daughters, the governor was honoured as Orhuerevwo (Developer of Isoko Nation), while his wife was honoured as the Ododo (Beautiful Flower). President-General of the Isoko Development Union, Prof. Chris Akpotu, described Oborevwori as a transformative leader whose…
The Nigeria Customs Service (NCS) has begun efforts to neutralise rampant fake news and online scams that damage the Service’s image by integrating new-age digital data-tracking intelligence tools. The Comptroller-General of Customs (CGC), Adewale Adeniyi, represented by the National Public Relations Officer of the Service, Deputy Comptroller of Customs Abdullahi Maiwada, disclosed this on Friday, 30 October 2026, at the just concluded Neccipr Roundtable ’26 Edition held in Lagos, with the Theme: Algorithm Influence & Public Relations. Maiwada explained that as a communicator, it is important to ensure the general public understands and accepts why officers carry out…
Maritime stakeholders and government officials will meet in Lagos next Friday to discuss the modernisation of seaports, renewal of critical infrastructure, trade facilitation, ease of doing business, revenue growth and measures to curb financial leakages in Nigeria’s maritime sector. The conference is organised by the Network of Nigerian Maritime Journalists (NNMJ), the umbrella body for maritime journalists in the country, and will hold at the Airport Hotel, Ikeja, Lagos, beginning at 11:00 am According to a statement jointly signed by the Chairman and Public Relations Officer of NNMJ, Elder Dele Aderibigbe and Jerry Aguigbo, the event will also…
Cargo linked to the Dangote Refinery accounted for an estimated 30.4% of Nigeria’s total port throughput in the first half of 2026, making the refinery one of the country’s largest sources of maritime traffic. The estimate is based on figures released in September by the Nigerian Ports Authority (NPA), which reported that Nigerian ports handled 68.29 million metric tons of cargo between January and June, up from 60.84 million metric tons in the corresponding period of 2025. Lekki Port handled approximately 27.32 million metric tons, or about 40% of national cargo throughput, during the first half of 2026. NPA…
Lagos State Governor Babajide Sanwo-Olu has launched the enforcement of mandatory health insurance in the state under Executive Order EO/BOS/01 of 2024, requiring residents, employers and workers to obtain health coverage. The Governor also unveiled the Lagos Private Health Plans (LPHP), which will extend insurance coverage to salaried workers and corporate organisations, complementing the existing Ilera Eko scheme for vulnerable residents and the informal sector. Sanwo-Olu gave residents until December 31, 2026, to obtain health insurance, with enforcement beginning on January 1, 2027. He announced the measures at an event in Victoria Island, attended by government officials,…
Stakeholders at OTL Africa Downstream Energy Week have called for a review of feedstock strategies to address supply gaps facing local refineries and ensure that increased refining capacity delivers reliable and affordable fuel. Speaking at the opening ceremony in Lagos on Monday, the Chairman of the event’s Advisory Board, Otunba Adetunji Oyebanji, said Africa’s expanding refining capacity offered significant opportunities, but its benefits depended on dependable crude supplies, efficient operations and effective links between production and demand. He stressed that refining investments could not succeed in isolation from the infrastructure, financing and regulatory conditions needed to sustain them.…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled Revision 2 of the Nigerian Gas Transportation Network Code to strengthen transportation rules, improve market efficiency and support gas trade. The Authority’s Chief Executive, Mr Rabiu Umar, launched the revised code on Monday at the 20th OTL Africa Downstream Energy Week 2026 in Lagos. Umar said the revision introduced clearer provisions for gas measurement, nominations and transportation, providing a framework for greater transparency and better coordination among network users. He noted that participation in the transportation network had expanded since the introduction of Revision 1, with…
The Nigeria Customs Service (NCS) described the country’s removal from the Financial Action Task Force (FATF) grey list on 24 October 2025 as a major national achievement and pledged to ensure the gains are not reversed. The Comptroller-General of Customs Adewale Adeniyi, represented by the Deputy Comptroller-General in charge of Finance, Administration and Technical Services, DCG Kikelomo Adeola, said, at a stocktaking meeting held at the Customs headquarters in Abuja. The meeting prepared for Nigeria’s upcoming Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) mutual evaluation. Adeola said the gathering was more than an assessment of…
The International Energy Agency (IEA) has confirmed that approximately 330 million barrels of oil have been released under its coordinated response to global supply disruptions, with plans to accelerate the release of around 100 million barrels still outstanding. The agency said members had committed to completing the remaining releases in a timely manner, taking account of national circumstances, as the Iran war and the Strait of Hormuz crisis continued to strain energy markets. Its Governing Board reaffirmed its commitment to the March 2026 Collective Action, citing the IEA Secretariat’s latest assessments showing persistent market tightness, particularly in diesel supplies.…