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…
By Ayomide Otitoju WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company (NNPC) Limited and Sahara Group, has announced a major expansion of its fleet capacity, which now exceeds 160,000 cubic meters. The announcement was made on Monday via NNPCL’s official , where the company said the development reinforces WAGL Energy’s role…
By Ayomide Otitoju Zenith Bank Plc on Friday, August 15, 2025, celebrated its 35th anniversary with a commemorative Chairman’s Dinner at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos. The event, marked by pomp and elegance, featured the recognition of pioneer customers and long-serving staff members who have contributed significantly to the…
By Ayomide Otitoju Access Holdings PLC has reaffirmed its commitment to boosting Zambia’s energy and agriculture sectors, following a high-level meeting with President Hakainde Hichilema at State House, Lusaka. President Hichilema acknowledged the country’s current shortfall in power generation and transmission, stressing the need for greater investment following recent open access reforms. He also identified…
By Ayomide Otitoju Telecommunications provider Globacom has announced a significant reduction in its International Direct Dialing (IDD) tariffs, offering cheaper call rates to more than 15 major global destinations. The revised rates, effective from August 10, apply to both new and existing subscribers, with prices now starting from as low as ₦30 per minute. Under…
By Ayomide Otitoju Rite Foods Limited, a leading Nigerian food and beverage company, has removed 40 tons of plastic waste from Lagos as part of the global Plastic Free July campaign, reinforcing its commitment to environmental sustainability. The initiative, driven by the company’s multi-award-winning Riteonthebeach project in partnership with Pop Beach Club and supported by…
By Ayomide Otitoju President Bola Tinubu has warned that the prolonged paralysis of the Ajaokuta Steel Company has moved beyond economic loss to becoming a threat to Nigeria’s sovereignty. Speaking at the Inaugural Stakeholders Summit on Steel Sector Development in Abuja on Tuesday, the President—represented by Vice President Kashim Shettima—described the steel industry as the…
By Ayomide Otitoju The Federal Government has announced that at least $980 million has been mobilised to finance the construction of Compressed Natural Gas (CNG) facilities across Nigeria, as the sector experiences unprecedented growth. Programme Director of the Presidential CNG Initiative (PCNGI), Michael Oluwagbemi, disclosed this on Wednesday in Abuja during the launch of the…
