Author: Mujeedat

The Nigerian Content Development and Monitoring Board (NCDMB) vows to complete the five-star Radisson Hotel and Conference Centre in Yenagoa, Bayelsa State, by December 2026, promising a tourism boom for the Niger Delta. Executive Secretary Engr. Felix Omatsola Ogbe shared this timeline during a project tour and workshop at the Nigerian Content Tower in Swali, Yenagoa, hosting executives from South Africa’s Edison Corporation (Radisson partner) and contractor Megastar Technical and Construction Company. “This project is critical to the Board, Yenagoa, Bayelsa, and Nigeria,” Ogbe said. “With this hotel functional by year-end, Bayelsa will see tourism, that’s one of…

Abu Dhabi National Oil Company (ADNOC) CEO Sultan Al Jaber has branded any attempt to close the Strait of Hormuz as “economic terrorism,” warning it poses a direct threat to global energy security. In a recorded message to CERAWeek attendees in Houston, Texas, Al Jaber highlighted the chokepoint’s critical role: roughly 20% of the world’s oil and gas flows through it. Recent attacks on regional energy infrastructure and shipping have already constricted supply routes, driving sharp oil price spikes. “When Hormuz is squeezed, the pressure is felt everywhere,” he said, explaining that disruptions raise consumer costs and slow…

Heirs Energies is sustaining over 350 megawatts of electricity generation in Nigeria by maintaining steady gas supply into the national grid, even as many power plants struggle with persistent shortages and payment bottlenecks. The company’s uninterrupted flow of gas helps power homes, businesses, schools, and industries, offering a rare pocket of stability in an otherwise fragile power sector. Nigeria’s electricity system remains heavily dependent on gas‑fired plants, which account for the bulk of the country’s installed capacity of more than 13,000 megawatts. However, actual generation has often fallen far below that level, with as much as 68 percent of thermal…

The Blue Economy Academy has officially launched Blue Economy Television (BETV), the country’s first broadcast platform solely dedicated to the blue economy, on March 23, 2026, in Lagos, marking a step in Nigeria’s efforts to harness its vast ocean and coastal resources while driving awareness, policy conversations, and industry participation within the emerging sector. Speaking at the event, Founder of the Blue Economy Academy, Ubong Essien, described BETV as a strategic initiative designed primarily for the media and blue economy practitioners to spotlight opportunities across Nigeria’s 853 kilometre coastline, stretching from Badagry to Bakassi. He said the project is primarily…

The National Youth Service Corps (NYSC) has launched an investigation into the death of a Corps Member in Abeokuta, Ogun State, expressing deep sorrow over the loss and extending condolences to the victim’s family. In a statement, the NYSC described the incident as tragic and confirmed that the circumstances surrounding the death are under active investigation by relevant security agencies. The Scheme also acknowledged media reports suggesting the possible involvement of a staff member, stressing that the individual has been taken into custody and that the NYSC is fully cooperating with law enforcement to ensure due process and justice. The…

Leadway, Nigeria’s leading non‑banking financial and wellbeing conglomerate, is raising the bar in women’s empowerment with its Hersurred initiative, which has grown from a niche recognition platform into a full‑blown movement spotlighting women driving change across finance, technology, entrepreneurship, the creative sector, public service, and social development. Launched in 2024, Hersurred has evolved into a dynamic ecosystem that celebrates women not just for participating in their fields, but for actively reshaping them through leadership, innovation, and impact. This year, the initiative takes a bold turn from acknowledgment to amplification under the theme “Show Her Off,” focusing on women who…

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has been conferred an Award of Recognition by his alma mater, St. Patrick’s Grammar School, Ibadan, in appreciation of his impactful mentorship and dedication to nurturing younger generations. The award was presented during the school’s 64th Founders’ Day celebration, where Dr. Mobereola joined fellow old boys, staff, and stakeholders to mark the institution’s enduring legacy in education and national development. Reflecting on his time at the school, the NIMASA DG described the honour as deeply personal, recalling the friendships, guidance from teachers, and the…

Fidelity Bank Plc has announced a high‑level virtual webinar focused on strengthening fiscal transparency and modernising revenue systems in the public sector. Scheduled for Tuesday, March 24, 2026, the event, themed Digital Fiscal Transparency: Unlocking Sub‑national Opportunities for International Partners, will bring together public sector leaders, development institutions, agency heads, and financial experts to explore how digital platforms can improve collections, oversight, and accountability. Richard Madiebo, Divisional Head, Public Sector, Fidelity Bank Plc, said the session is designed to help institutions tackle challenges such as revenue leakages, fragmented collection channels, poor reconciliation, and weak visibility into revenue performance. …

The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, has warned that recent modest improvements in Nigeria’s inflation figures could be reversed by the escalating geopolitical energy shock linked to the conflict in the Middle East. In a policy brief on the February 2026 inflation data, Yusuf acknowledged that the headline Consumer Price Index (CPI) eased slightly to 15.06% year‑on‑year from 15.10% in January and far below 26.27% a year earlier, but described the gains as fragile rather than a definitive turnaround. Yusuf credited the disinflation trend to base effects, past monetary…

The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its plan to open the Radisson Hospitality‑branded hotel and conference centre in Yenagoa by December 2026, positioning the facility as a world‑class hub for oil and gas stakeholders and wider business activity in the Niger Delta. NCDMB Executive Secretary Engr. Felix Omatsola Ogbe gave the assurance on Friday during a project management tour and workshop at the Nigerian Content Tower, where he hosted executives from Edison Properties and Megastar Technical and Construction Company. Ogbe stressed the need to complete and commission the 204‑room Radisson Conference Hotel Yenagoa on schedule, noting…