By Ayomide Otitoju A non-governmental organisation, Incorporated Trustees of Legal Defence Against Injustice Initiative, has filed a suit at the Abuja High Court against Adedapo Segun, Chief Financial Officer of the Nigerian National Petroleum Company Limited (NNPCL), over the alleged diversion of more than N140 billion (about $325 million) linked to the acquisition of OVH…
By Ayomide Otitoju Chairman of Access Holdings, Aigboje Aig-Imoukhuede, has reaffirmed the Group’s commitment to driving cross-continental trade and sustainable development, with engagements spanning from the Caribbean to Southern Africa. At the AfriCaribbean Trade & Investment Forum (ACTIF) 2025 in Grenada, Aig-Imoukhuede joined heads of government, business leaders, and investors to explore new opportunities for…
By Ayomide Otitoju The newly established Ibeju-Lekki Branch of the Nigerian Society of Engineers (NSE), the 91st branch of the professional body, has paid a courtesy visit to the Chairman/CEO of Adron Homes and Properties Limited, Sir Aare Adetola EmmanuelKing KOF, at the company’s headquarters. Led by Branch Chairman, Engr. Olufemi Dare, FNSE, the delegation…
By Ayomide Otitoju Stanbic IBTC Insurance Limited, a subsidiary of Stanbic IBTC Holdings PLC, has announced the second edition of its Annuitant Forum, themed “Making the Most of Life in Retirement.” The event is scheduled to hold virtually on August 20, 2025, with participation open to retirees and prospective retirees across Nigeria. The forum aims…
By Ayomide Otitoju The Nigeria Civil Aviation Authority (NCAA) has directed all airline passengers in the country to completely switch off their mobile phones and portable electronic devices during takeoff and landing. NCAA Director-General, Chris Najomo, announced the new measure at a press conference in Abuja on Tuesday, saying it was aimed at eliminating confusion…
By Ayomide Otitoju President Bola Tinubu has commissioned a 40,000 cubic metres (CBM) Liquefied Petroleum Gas (LPG) carrier, MT Iyaloja (Lagos), owned by WAGL Energy Limited, a joint venture between NNPC Limited and Sahara Group. The commissioning ceremony took place in Ulsan, South Korea, with the President represented by the Minister of State for Petroleum…
Japan’s SoftBank Group said Tuesday it will invest $2 billion in Intel, as Washington reportedly considers taking a 10 percent stake in the struggling US chipmaker. The announcement marks the latest in a string of US-focused investments by SoftBank founder Masayoshi Son, who has stepped up engagement with President Donald Trump since his return to…
By Ayomide Otitoju MTN Nigeria Communications Plc has announced the appointment of Dr. Karl Toriola as Vice President for Francophone Africa at MTN Group Limited. In a regulatory filing with the Nigerian Exchange Limited (NGX), the company said Toriola will oversee MTN’s operations in Cameroon, Côte d’Ivoire, Benin, and Congo Brazzaville. He previously served as…
By Ayomide Otitoju Nigeria has maintained crude oil production above the Organization of the Petroleum Exporting Countries’ (OPEC) assigned quota for two consecutive months, according to the group’s August 2025 Monthly Oil Market Report (MOMR). The report showed that the country’s average daily crude output rose to 1.505 million barrels per day (mbpd) in June…
