Author: Mujeedat
Tosin Eniolorunda, Founder and Group Chief Executive Officer of Moniepoint Inc, has urged the integration of credit products into Nigeria’s existing payment infrastructure, arguing that transaction data should be used to provide financing for small businesses excluded from formal credit markets. Eniolorunda voiced this position during a panel discussion at the official launch of the Nigeria Payments System Vision 2028 in Abuja. He described the framework as evidence of the payments ecosystem’s progress and a call for more deliberate infrastructure development. The next phase of growth will come from layering services like credit onto existing payment flows, using…
Retiring State House staff are among the first set of federal civil servants to benefit from the newly approved gratuity scheme introduced by President Bola Tinubu’s administration, according to Permanent Secretary of State House Mr. Temitope Peter Fashedemi. Fashedemi spoke on Thursday in Abuja at a send-off ceremony organised by the State House in honour of two retiring directors and two deputy directors. The Permanent Secretary commended President Tinubu for approving the reintroduction of gratuity payments for retiring federal civil servants in addition to their pensions and other retirement benefits. The Federal Executive Council in March 2026…
Grenada has positioned itself as a premier Caribbean investment destination for Nigerian entrepreneurs, offering visa-free entry and opening fresh opportunities across multiple sectors including aviation, tourism, real estate, healthcare, agriculture, and financial services. Bidemi Sonoiki, Honorary Consul of Grenada in Nigeria, announced the new opportunities during a press briefing in Lagos following a working visit to Grenada. The Honorary Consulate, established in Lagos in 2022, has been facilitating diplomatic, economic, educational, and cultural relations between both nations. Grenada now presents compelling opportunities for Nigerian investors seeking markets beyond Africa. We are witnessing emergence of strategic economic corridor between…
Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day in a performance test conducted by the Process Licensors, marking a significant milestone in the facility’s operational expansion and further cementing its position as the World’s Largest Single Train Petroleum Refinery. The increase sees the refinery surpass its nameplate capacity of 650,000 bpd, underlining the facility’s engineering capability and operational efficiency. The achievement demonstrates the refinery’s ability to process additional feedstock while optimizing performance across its production units. Vice-President for Oil and Gas at Dangote Industries Limited, Devakumar Edwin, explained that…
In an effort to further Internationalise its standard, the Maritime Centre of Excellence (MCOE), the NSML’s hub for maritime training, research, and competence development has successfully secured international certification from the UK Nautical Institute. The Managing Director of NSML Abdulkadir Ahmed made the disclosure at a media parley with Maritime Journalists held Thursday at Eko Hotel and Suites, Lagos. He emphasised that the certifications obtained by the MCOE affirm that the professionals trained by the centre meet high international expectations in performance, safety, and operational readiness. “This latest certification from the UK Nautical Institute is a strong…
The Nigeria Customs Service hosted a high-level diplomatic cocktail reception in Abuja on June 3, 2026, bringing together ambassadors, high commissioners, heads of missions, and senior government officials for strategic engagement aimed at strengthening international cooperation, trade relations, and institutional partnerships. Held at the rooftop of Nigeria Customs Service Headquarters in Maitama, Abuja, the event attracted the Chief of Air Staff, Inspector-General of Police, members of Customs Management, and other senior officials from key security and government institutions. Welcoming diplomatic community, Comptroller-General of Customs Adewale Adeniyi MFR expressed appreciation for sustained support of international partners in strengthening bilateral…
The Minister of Power, Joseph Tegbe, has reaffirmed his commitment to improving Nigeria’s power infrastructure and deployment, urging all sector players to remain focused, innovative, and relentless in the collective mission to deliver electricity to Nigerian homes, businesses, and industries. Tegbe said his priority is to provide services to all strata of energy-demanding areas. He commended the management and staff of the Transmission Company of Nigeria, Niger Delta Power Holding Company, and Abuja Electricity Distribution Company for their recent demonstrations of professionalism and commitment to restoring and expanding Nigeria’s power infrastructure, in line with their mandate to ensure…
Ecobank Group has ramped up its efforts to strengthen Africa’s agricultural sector while promoting sustainable ecosystems across the continent. As part of this strategy, the bank has introduced the world’s first ICMA commercial bank-issued Nature Bond on the London Stock Exchange, opening a new channel for international and African capital to safeguard Africa’s biodiversity. Moody’s granted the transaction its highest sustainability quality score, SQS1 Excellent. The bond will finance African farmers, sustainable agriculture businesses, and water systems, helping protect some of the planet’s most vital ecosystems. The USD 450 million bond was priced amid robust investor demand,…
The Finance and Business Online Publishers Association has confirmed that all preparations are complete for the third edition of its Youth Capacity Building and Empowerment Programme for Senior Secondary School students in Lagos State. The conference, themed Digital Skills, Artificial Intelligence, Online Safety, Insurance and Financial Literacy for Nigerian Youth, will hold on Thursday, 4 June 2026, at the Lagos Chamber of Commerce and Industry Conference Centre in Ikeja, Lagos. The event is expected to bring together hundreds of students, educators, policymakers, technology experts, insurance professionals, financial literacy advocates, and other stakeholders dedicated to preparing young Nigerians for…
Renowned transport and logistics expert Dr. Segun Musa has been appointed chairman of the 12th edition of the Nigeria Transport Lecture, set to take place in Lagos on June 18, 2026. Organised by Transport Day newspaper, this year’s lecture will centre on the theme Multi-modal Transportation Safety in Nigeria: Prospects, Challenges and Contribution to National Growth. Musa, Chairman and Managing Director of Widescope Logistics International, is widely respected for his decades of experience in transportation, logistics, and supply chain management. The event will feature a keynote presentation by Mr. Kingsley Onyekachi Igwe, Registrar of the Council for…