Author: Ifetayo Adeniyi

FG, with new policy, will withdraw dormant oil licences Chief Executive, NUPRC, Gbenga Komolafe FG, with new policy, will withdraw dormant oil licences …reiterates the NUPRC’s commitment to creating an enabling business atmosphere. The Nigerian Upstream Petroleum Regulatory Commission has told oil producers that it is set to implement the ‘drill or drop’ policy. The Chief Executive of the NUPRC, Gbenga Komolafe, disclosed this when he received a delegation from the Independent Petroleum Producers Group at the commission’s headquarters in Abuja recently. According to a statement by the NUPRC, Komolafe emphasised that oil and gas producers must either begin production…

NAPTAN faults CBT-based WAEC, NECO for 2026 as unrealistic Haruna Danjuma NAPTAN faults CBT-based WAEC, NECO for 2026 as unrealistic …says except urgently investment in critical infrastructure in schools are put in place. The national president of the Parents-Teachers Association of Nigeria, Haruna Danjuma, has described the Federal Government’s 2026 target for a full transition to Computer-Based Testing in West African Examinations Council or National Examination Council examinations as unrealistic and impractical. It would be recalled that the Minister of Education, Dr Tunji Alausa, had in April mandated the WAEC and the NECO to fully transition to CBT by May/June…

Al-Hilal: Our failure to secure top deals with players like Osimhen, Hernandez Victor Osimhen Al-Hilal: Our failure to secure top deals with players like Osimhen, Hernandez Al-Hilal president Fahad Bin Nafal has opened up on the club’s failure to sign top players like Victor Osimhen, Theo Hernandez, and Bruno Fernandes to “illogical” counter offers and player fatigue. In spite of offering high financial packages, Al-Hilal was unable to win these players to the Saudi Pro League side. Bin Nafal also revealed that the club’s attempts to sign Cristiano Ronaldo from rivals Al-Nassr were unsuccessful. “We’ve spoken with many players, but…

BOI ready for introduction of impact fund, youth bank Bank of Industry BOI ready for introduction of impact fund, youth bank * Industrial Innovation Fund will take care of full lifecycle of innovation by supporting research The Managing Director and Chief Executive Officer of the Bank of Industry, Olasupo Olusi, has disclosed that the bank is set to unveil an Impact Fund and a Youth Bank to support enterprise development and drive youth-led industrialisation across Nigeria. Speaking during the recent inaugural Innovation and Entrepreneurship Development Annual Lecture organised by Obafemi Awolowo University, Ile-Ife, Osun State, Olusi said the initiatives are…

Dangote retires as Board Chairman of sugar refinery in June Aliko Dangote Dangote retires as Board Chairman of sugar refinery Dangote Sugar Refinery Plc (DSR) has announced that its Chairman, Alhaji Aliko Dangote, will retire from the Board effective June 16. The announcement, made through a corporate disclosure to the Nigerian Exchange Ltd., stated that the decision aligns with principles of good corporate governance and succession planning. It reads, “Alhaji Aliko Dangote is one of the founding Directors of the Company, and has served with exceptional leadership, integrity, and vision since 2005. “Under his leadership, Dangote Sugar Refinery transformed, navigated…

Tinubu to unveil Abuja road Friday, FCT traders close shops FCT Tinubu to unveil Abuja road Friday, FCT traders close shops Residents and commuters in the Federal Capital Territory are advised to brace up for temporary traffic disruptions on Friday, as the Apo-Wasa Road will be closed from 11am to 4pm ahead of President Bola Ahmed Tinubu’s visit to inaugurate a major infrastructure project in the city. According to a statement issued on Thursday by the Senior Special Assistant on Public Communications and Social Media to the FCT Minister, Lere Olayinka, traders, mechanics, and shop owners at the Apo Mechanic…

Wema Bank Secures Ratings Upgrade from Fitch and Global Credit Ratings Fitch Ratings has upgraded Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT’s National Long-Term Rating to ‘A-(nga)’ from its previous ‘BBB(nga)’. In a similar move, Global Credit Ratings (GCR) upgraded Wema Bank’s National Scale long and short-term issuer ratings to BBB+(NG)/A2(NG), from BBB(NG)/A3(NG). Additionally, Fitch Ratings revised the Bank’s ‘Outlook’ to Positive from Stable, while affirming the Long-Term Issuer Default Rating (IDR) at ‘B-‘. GCR also measures Wema Bank to have a Stable Outlook. This significant vote of confidence from…

2025 DEMOCRACY DAY: Tinubu’s address at joint National Assembly session ADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR AT THE JOINT SESSION OF THE NATIONAL ASSEMBLY IN COMMEMORATION OF DEMOCRACY DAY, 2025 THURSDAY, 12TH JUNE 2025 Protocol: 1. With profound honour, I stand before this joint session of our National Assembly; a parliament that embodies the will of the Nigerian people. 2. Today, as I entered this grand edifice built from the sweat and toil of our democratic yearning, my heart stirred. It was a blend of accomplishment and resolve. 3. I felt a sense of collective accomplishment when I realised…

As Sanwo-Olu opens 400m road project, housing estate in Ibeju-Lekki Lagos State Governor, Sanwo-Olu As Sanwo-Olu opens 400m road project, housing estate in Ibeju-Lekki … lauds the council chairman for the initiatives. Lagos State Governor, Babajide Sanwo-Olu, on Wednesday, unveiled a series of infrastructural projects in Ibeju-Lekki, describing them as evidence of his administration’s commitment to grassroots development and inclusive governance. Among the projects were the newly paved 400-metre Babajide Olusola Sanwo-Olu Road, the groundbreaking of a new housing estate, the official opening of the newly constructed administrative block named “Bola Ahmed Tinubu House” and the completion of a modern…

CBN declares, BDC recapitalisation deadline will not be extended CBN declares, BDC recapitalisation deadline will not be extended The Central Bank of Nigeria has set aside claims in the media suggesting an extension of the deadline for the recapitalisation of Bureau De Change operators to December 31, 2025. In a statement on Wednesday, the CBN’s acting Director of the Corporate Communications Department, Mrs Hakama Sidi-Ali, dismissed the information as “false” and “misleading.” She reiterated that no such extension had been granted and that the official deadline remains set for June 3, 2025, as previously communicated. “The Central Bank of Nigeria…