Author: Mujeedat

Former Ekiti State Governor Ayo Fayose has assumed office as Chairman of the Governing Board of the Rural Electrification Agency (REA), promising to mobilise the political support and funding needed to expand electricity access in underserved communities. Minister of Power Joseph Tegbe inaugurated Fayose and other members of the governing board in Abuja on Friday. Alhaji Ahmadu Abubakar, Ilyasu Makinta and three other members and non-executive directors were also inaugurated, while Abba Aliyu formally took office as the agency’s Managing Director. Fayose thanked President Bola Ahmed Tinubu for the confidence placed in him and the other appointees. He said his…

Aliko Dangote, President and Chief Executive of Dangote Industries Limited, says the group remains confident of achieving its target of generating $100 billion in annual revenue by 2030. Dangote made the disclosure during a visit by senior executives of Goldman Sachs to the company’s integrated refinery, petrochemical and fertiliser complex in Lagos. He said detailed internal projections, based on conservative assumptions, had strengthened management’s belief that the target was attainable. The billionaire businessman added that the projections could support an even more ambitious expansion strategy beyond the group’s current 2030 plan. He said future growth would be driven…

The Nigeria Customs Service (NCS) has asked the Senate Committee on Customs, Excise and Tariffs to support changes to the legal framework governing customs administration as the Service moves from manual processes to a technology-driven operating model. Comptroller-General of Customs Bashir Adewale Adeniyi made the request during a capacity-building retreat organised for the committee on 5 August 2026. He said effective legislative oversight requires lawmakers to understand the systems, risks and technologies shaping modern customs operations. Adeniyi explained that although some provisions of the Nigeria Customs Service Act 2023 remain effective, others have become difficult to apply or…

Nigeria is strengthening its position in Africa’s liquefied natural gas market as major producers across the continent push ahead with new projects and expansions. The developments come at a time when the International Energy Agency has reduced its forecast for global gas supply growth, pointing to tighter market conditions over the next few years. Nigeria LNG’s Train 7 project on Bonny Island, Rivers State, is about 90 per cent complete and remains scheduled for commissioning in 2027. The $4.3 billion expansion is expected to raise NLNG’s production capacity by 35 per cent, from 22 million tonnes per annum to…

Nigerian Maritime Administration and Safety Agency, (NIMASA), Director General, Dr. Dayo Mobereola has restated his administration’s commitment to building a global maritime administration that is efficient, transparent in line with the dictates of contemporary realities. Dr. Mobereola stated this while receiving the leadership of the Alumni Association of the Maritime Academy of Nigeria (AMANO), led by its President, Mr. Emmanuel Maiguwa, on a courtesy visit to the Agency’s headquarters in Lagos. Mobereola assured the delegation of the Agency’s commitment to strengthening Nigeria’s maritime industry through sustained reforms, strategic stakeholder collaboration and initiatives that support the policy objectives of…

The Nigeria Customs Service has presented verified facts on the interception of a container conveying concealed parts of pump-action rifles, alongside the seizure of two 40-foot containers laden with cannabis-infused products worth a combined street value of ₦373,802,640, concealed among imported goods at the Tincan Island Port Command. The Comptroller-General of Customs said the operations underscore the Service’s unwavering commitment to protecting Nigeria’s borders from prohibited imports that threaten national security and public health. The seizures include 109 cartons of Delta-8 cannabis-infused pre-roll cookies (8,720 pieces; 17.44kg) valued at ₦308,792,640; 125 cartons of Delta-8 cannabis-infused gummies (740 packs;…

The President-General of the Maritime Workers’ Union of Nigeria (MWUN), Comrade Francis Bunu Abi, has achieved another milestone with the resolution of the case surrounding the death of Comrade Okwuwa Chinedu Godwin, a member of the Union and an employee of GMS Recruitment Services Limited, who died on March 18, 2024, as a result of an illness contracted while on board a vessel. The incident occurred in 2024, some years before the emergence of the current President-General, Comrade Francis Bunu Abi, who took up the matter with vigour, resilience, determination and a sense of purpose, pursuing it in line…

The Economic and Financial Crimes Commission (EFCC) says it froze the Osun State government’s bank account as a preventive measure to stop what it described as suspicious and unwarranted transfers of public funds while an investigation into alleged fraud is ongoing. The anti‑graft agency disclosed that it has been investigating the Osun State government since March 2026 over the alleged fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee (FAAC) allocations totalling about ₦11 billion. As part of the probe, some state officials, including the Accountant General, have been interviewed by EFCC investigators. According to…

The National President, National Association of Government Approved Freight Forwarders (NAGAFF), Chief Tochukwu Emmanuel Ezisi, has called for harmonised policies across all levels of government, saying policy inconsistency remains a major obstacle to unlocking the potential of Special Economic Zones (SEZs). Ezisi said coherent and consistent policies are essential to attracting investment, improving trade competitiveness and positioning Nigeria’s maritime sector for long-term growth. He made the call at the 2026 Annual Conference of the Maritime Correspondents’ Organisation of Nigeria (MARCON) held in Port Harcourt, Rivers State, with the theme: “Special Economic Zones as Catalysts to Sustainable Blue Economy.”…

The Federal Airports Authority of Nigeria (FAAN) has provided details of what was erroneously reported as a fire incident at Terminal 2 of the Murtala Muhammed International Airport, Lagos. The Authority said findings indicate that there was no fire at the terminal, noting that the smoke observed within the affected area resulted from the discharge of the terminal’s FM-200 fire suppression system. The reason for the activation of the fire suppression system is currently being investigated. Normal operations have since resumed at the terminal, while detailed investigations are ongoing to determine the exact cause of the incident,…