Author: Ifetayo Adeniyi

The Nigerian National Petroleum Company (NNPC) Limited, has commenced export of its new crude grade – Cawthorne, marking a significant milestone in the Company’s drive to increase Nigeria’s crude oil production and expand its portfolio of globally competitive export streams. In a special information forwarded to TheForesightNG (foresightng.com) through the Chief Corporate Communications Officer, NNPC Limited Abuja Andy Odeh disclosed that Cawthorne blend crude, the latest addition to Nigeria’s basket of crude grades, has an API gravity of 36.4, placing it firmly within the light, sweet category – comparable to Bonny Light, and highly valued in the global market for…

L-R: Prof. Shadrach Olufemi Akindele, Vice Chancellor, Redeemers University, Engr. Eloka Eje, Dr Perez Araka, Pastor (Mrs) Folu Adeboye, Mother-In-Israel, The Redeemed Christian Church of God, Mr Ade Buraimo, MD/CEO Alpha Morgan Bank, Dr (Mrs) Oluwatomi Somefun, Dr. Simeon Ifere, at the inauguration of the Redeemer’s University Business School, Redemption City, Ogun State on Thursday 2nd April, 2026 Alpha Morgan Bank has reaffirmed its commitment to education and institutional development through its support for the commissioning of the Redeemer’s University Business School. The Business School was officially inaugurated by Pastor (Mrs.) Folu Adeboye, at the commissioning ceremony attended by distinguished…

Sterling Bank, through its women focused initiative, OneWoman, convened a powerful gathering of women entrepreneurs, development finance institutions, ecosystem leaders, and business stakeholders at the Funding Her Future Breakfast Dialogue in Lagos. The session brought together voices from across sectors for a focused and necessary conversation on how to unlock more inclusive and effective financing pathways for women led businesses in Nigeria. At its core, the dialogue was not just about access to capital. It was about building the right systems around women entrepreneurs. Conversations explored how financing, business readiness, ecosystem support, and institutional partnerships must come together to drive…

Elegbede Abiodun Mammoth crowd of ADC members and supporters are involved.  Chieftains and members of the Opposition Coalition’s embattled political party, African Democratic Congress (ADC), have taken to the streets on Wednesday morning in protest against the alleged partisanship of the Independent National Electoral Commission (INEC). The protest currently taking place in Abuja involved a procession to the INEC headquarters in the nation’s capital city. Announcing the development via his verified social media handles, former Vice President Atiku Abubakar described the protest as ‘peaceful’ and aimed at ‘safeguarding our democracy and preventing the enthronement of a dictatorship.’ He wrote: “Myself…

Stanbic IBTC Holdings has concluded the 2026 edition of the Nigeria Business Summit, with discussions centred on trade expansion and sustainable economic growth. A statement from the bank on Tuesday stated that the two-day summit brought together industry leaders, policymakers, entrepreneurs, and stakeholders across multiple sectors to explore sustainable business practices, foster economic growth, and unlock global trade opportunities. The event featured a keynote address by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who emphasised the need for Nigeria to reposition itself as an export-driven economy. “Our true potential lies in becoming a leading export…

Dangote Refinery Loading Bay. Credit: Dangote Refinery Due to rising geopolitical tensions in the Middle East and their ripple effects on global energy markets, the Dangote Petroleum Refinery has increased the gantry price of petrol and diesel, further tightening pressure on consumers and businesses across Nigeria. A top official at the refinery, who confirmed the development to our correspondent on Tuesday night, said the facility adjusted its pricing in response to prevailing international crude oil benchmarks and market realities. The new pricing template shows that petrol rose by N75 per litre to N1,275, representing an increase of about 5.02 per…

A socio-political group in Delta State has cautioned against the politicisation of pipeline surveillance in Nigeria’s oil-producing region, noting that such developments could affect coordination and ongoing efforts to support crude oil production. The Itsekiri Grassroot Coalition (IGC) stated that pipeline surveillance should not be approached as a political settlement or patronage system, emphasizing that it is a sensitive national responsibility requiring technical capacity, coordination, and accountability. In a statement jointly signed by Comr. Oritseneye Fredrick, Coordinator, Warri South, and Noyor Juliet A., Coordinator, Warri South West, the group noted that discussions around decentralising pipeline surveillance contracts along community lines,…

The Debt Paradox (A DeeEnvoy Policy Reflection) They say Africa is rising. It is a phrase that appears frequently in global development discourse, featured in reports by institutions such as the World Bank and the International Monetary Fund, and echoed across investment forums and diplomatic conversations. It is convenient. It is optimistic. It is marketable. But it is also deeply misleading, because what is often framed as “rise” is, in reality, structured resistance within unequal systems. Africa’s economic growth narrative is frequently cited as evidence of progress, yet this growth is increasingly constrained by external financial pressures. As of 2024,…

Elegbede Abiodun … financial institutions have a critical role in supporting Nigeria’s smallholder-driven agricultural sector. Stakeholders in Nigeria’s agriculture sector have called for stronger coordination across the value chain to boost productivity and enhance food security. The call was made at the BusinessDay Future of Agriculture Conference held in Lagos, where participants examined challenges affecting agricultural inputs, financing, and infrastructure. The conference, themed “From Seed to Feed: Strengthening Agricultural Inputs for Food Security,” brought together policymakers, agribusiness operators, financial institutions, and development partners. Among attendees were Lagos State Commissioner for Agriculture and Food Systems, Abisola Olusanya, who represented Governor Babajide…

Elegbede Abiodun The Alternative Bank (‘AltBank’) is making a major push into electric vehicle (EV) financing, positioning the sector as a key growth opportunity as it seeks to bring Nigeria’s largely informal transport market into the formal financial system. The Bank said beyond clean energy, EVs are emerging as income-generating assets that can create jobs, reduce operating costs, and open new pathways to financial inclusion for transport operators who have historically been shut out of conventional lending. Divisional head, Commercial & Institutional Banking (Core North),Mohammed Abdul, laid out the case at the Abuja Compact on Electric Mobility Roundtable, where government…