Author: Ifetayo Adeniyi

Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPC Ltd) recorded N2.571 trillion in revenue in January 2026, representing a 46.7 per cent decline from the N4.82 trillion reported in the previous month, even as both oil and gas sales rose during the period. The figures, contained in the NNPC Monthly Report Summary for January 2026 released yesterday showed a sharp contraction in monthly earnings despite relatively stable crude oil production, increased hydrocarbon sales volumes and strong pipeline availability across key upstream infrastructure. The N2.571 trillion revenue recorded in January reflected a N2.249 trillion decline compared to the…

The International Air Transport Association has revealed that Africa recorded the most aviation accident in the world in 2025, according to its Annual Safety Report, underscoring persistent challenges in runway safety, turboprop operations, and timely accident investigations. Following a Monday report on their website, seven accidents occurred in Africa, down from 11 in 2024, resulting in an all-accident rate of 7.86 per million flights, below the five-year regional average of 9.37. However, the continent’s “fatality risk increased sharply from zero in 2024 to 2.19 per million flights,” largely driven by turboprop incidents. IATA noted that “71% of accidents involving African…

AFP photo credit: Osimhen Nigerian striker Victor Osimhen has moved to the top of the Player of the Match leaderboard in the UEFA Champions League following a series of impressive performances for Galatasaray S.K. this season. According to a post obtained from UEFA’s X handle on Tuesday, the Super Eagles forward currently leads the standings with four Man of the Match awards, the most by any player in the competition so far. Photo: UEFA; Player of the match award leaderboard His latest recognition came after a standout display against Juventus F.C., where he scored a crucial goal to help Galatasaray…

Dangote Petroleum CEO says fuel prices in Nigeria may stay high despite full refinery output, citing global oil market volatility and rising costs.  David Bird, Managing Director and Chief Executive Officer of Dangote Petroleum Refinery, has said that fuel prices in Nigeria are unlikely to fall despite the refinery operating at full capacity, citing extreme volatility in global oil markets. Bird spoke at a media chat on Monday, emphasising that the refinery is fully exposed to international commodity markets. “We purchase, even under the Crude for Naira programme, Nigerian crude at international benchmark-related prices. We then pay international freight and…

Manny Ita  – The Federal Government of Nigeria has signed the official host country agreement for the Intra-African Trade Fair 2027, paving the way for Lagos to host one of the continent’s largest trade and investment gatherings. The event is projected to attract more than 100,000 participants, including business leaders, investors, policymakers and entrepreneurs from across Africa and beyond. The host agreement formalizes Nigeria’s commitment to organize the large-scale trade fair, which aims to promote intra-African trade, strengthen economic partnerships and provide a platform for African businesses to showcase their products and services to a global audience. The fair is…

Manny Ita  – The Miss Nigeria Organization has announced a new direction for the 2026 edition of the prestigious pageant, shifting its focus from traditional pageantry toward initiatives centered on impact, leadership and social purpose. As part of the new roadmap, the organization revealed plans to host the Beauty and Fashion Fair scheduled to take place from March 22 to March 23 at the Eko Hotel & Suites in Lagos. Officials said the event is designed to bring together stakeholders across the beauty, fashion and creative industries while highlighting the evolving role of the Miss Nigeria platform in empowering women…

Nigerian music star Tiwa Savage has officially unveiled the Tiwa Savage Music Foundation, a new initiative aimed at discovering, training and mentoring emerging African talents while connecting them to global opportunities in the music industry. The announcement was made as part of the singer’s broader commitment to nurturing the next generation of artists across the continent. According to the award-winning performer, the foundation will identify and support 100 promising African talents, offering them professional mentorship, training resources and international exposure designed to accelerate their careers. Savage described the initiative as a personal mission to give back to an industry that…

Manny Ita  – Dr. (Amb.) Temitope Mayegun, the Founder and President of Avila Naturalle Ltd, has been honored with the International Women’s Entrepreneurial Challenge (IWEC) Award 2026. The prestigious ceremony, held in the Kingdom of Bahrain, convened a global assembly of influential women business leaders from over 25 countries to recognize those driving innovation, economic growth, and social change. ​The recognition underscores Dr. Mayegun’s trajectory as a visionary leader in Africa’s Fast-Moving Consumer Goods (FMCG) and natural wellness sectors. Under her stewardship, Avila Naturalle has evolved from a small startup into a major manufacturer, promoting health-conscious alternatives to chemically processed…

Over 100,000 airport access cards have been issued to motorists across the country as part of efforts to implement the Federal Government’s cashless policy at airport tollgates, the Managing Director of the Federal Airports Authority of Nigeria, Mrs Olubunmi Kuku, has disclosed. Kuku revealed on Monday that 62,000 of the cards were issued within just three days of enforcing the cashless policy at airports, a development that turned chaotic as the rollout of the policy at major airports triggered disruptions. The development comes as motorists have continued to enjoy free access into Nigerian airports for the past five days after…

Josh Akosile, Chief Operating Officer (COO) of XL-CREATIVEHUB XLCreativeHub has invited screenwriters and storytellers to submit synopses of their original feature-length film scripts for its Screenwriting Competition and Creator Residency. The organisation announced the call for entries on its website, stating that submissions would close on March 16, 2026. The organisers disclosed that judges would review entries between March 17 and March 20, after which six finalists would emerge. According to the statement, the finalists will be announced on 20 March during a live broadcast on the hub’s YouTube channel. The organisers named the judging panel as Halima Odiegwu, Emil…