By Ayomide Otitoju The Fourth Session of the Meeting of the Parties (MOP4) to the Protocol to Eliminate Illicit Trade in Tobacco Products has concluded in Geneva with a series of decisions aimed at reinforcing international cooperation and tightening global controls on illegal tobacco activities. The Protocol, developed to confront the persistent challenge of illicit…
By Ayomide Otitoju Dangote Group has unveiled a series of major technical partnerships to support the expansion of its fertiliser operations in Nigeria and the development of new facilities in Ethiopia. The agreements form part of the Group’s long-term strategy to boost regional food security, enhance agricultural productivity, and elevate Africa’s standing in the global…
By Ayomide Otitoju Cybersecurity specialists are raising alarm over a growing wave of attacks targeting payroll and human-resources systems—platforms that hold extensive personal and financial information and can expose companies to regulatory penalties, reputational damage and operational paralysis if compromised. Sandra Crous, Managing Director at Deel Local Payroll, powered by PaySpace, said cybercriminals are increasingly…
By Ayomide Otitoju The Board of Directors of the African Development Fund has approved an additional $7.41 million loan to support completion of the Renewable Energy for Electrification project in Liberia. The decision was taken at a board meeting held on Thursday in Abidjan. The new financing will address cost overruns linked to construction of…
By Ayomide Otitoju Ecobank Nigeria has announced the launch of the Ecobank SME Bazaar, a festive marketplace aimed at promoting local entrepreneurship and offering Lagos residents an enhanced shopping experience this December. The event will run across two weekends—29–30 November and 6–7 December—at the Ecobank Pan African Centre (EPAC) on Ozumba Mbadiwe Road, Victoria Island,…
By Ayomide Otitoju Fidelity Bank Plc has reaffirmed its commitment to advancing Nigeria’s oil and gas sector, with a particular focus on supporting indigenous operators. The declaration was made by the bank’s Managing Director and CEO, Dr. Nneka Onyeali-Ikpe, OON, during a first oil presentation for Emadeb Energy at Fidelity Place, the bank’s corporate headquarters…
By Ayomide Otitoju The Nigerian Electricity Regulatory Commission (NERC) says only 5,506 megawatts (MW) of the country’s 13,625MW installed generation capacity was made available to consumers in October, representing a 40% plant availability rate. According to the newly released factsheet, the month’s performance—driven by the top 10 energy producers, including Egbin, Delta, Kainji, Shiroro, Okpai,…
By Ayomide Otitoju Dangote Industries has entered into a partnership with Honeywell to support its plan to double the capacity of the Dangote Refinery to 1.4 million barrels per day (bpd) by 2028. According to a Reuters report citing both companies, the agreement will enable the refinery to process a wider range of crude grades…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion for 2024, marking a 64% increase from the N3.3 trillion PAT recorded in 2023. Bashir Ojulari, Group Chief Executive Officer, disclosed the results on Monday in Abuja while…
