By Ayomide Otitoju The long-delayed $2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline is expected to begin supplying natural gas to Abuja by July, according to the Nigerian Upstream Petroleum Regulatory Commission. A spokesperson for the commission said the milestone marks a significant step in Nigeria’s gas infrastructure development and energy transition strategy. The 614-kilometre pipeline is…
Electric vehicle (EV) sales are rising sharply across Southeast Asia as consumers turn to alternative transport options to cushion the impact of soaring fuel prices triggered by the Middle East war.The surge in crude oil prices—up by about 50 percent since the start of the conflict and recently exceeding $100 per barrel—has significantly increased petrol…
By Ayomide Otitoju The Federal Government recorded a subsidy obligation of ₦418.79 billion in the fourth quarter of 2025, according to the latest report by the Nigerian Electricity Regulatory Commission.In its 2025 Q4 report, the regulator disclosed that the subsidy represented a ₦39.96 billion decline from the ₦458.75 billion recorded in the third quarter, reflecting…
By Ayomide Otitoju : Polaris Bank has graduated 58 new hires from its Polaris Graduate Intensive Training (PGIT) and Polaris Tech Ignite Programme (PTIP), reaffirming its commitment to developing top-tier talent for Nigeria’s financial services sector. The graduation ceremony, held in Lagos, brought together senior executives and invited guests to celebrate a highly selective cohort…
By Ayomide Otitoju JMG Limited’s Clima Division, in partnership with Trane Technologies, showcased cutting-edge cooling technologies at the Heating, Ventilation, Air Conditioning, and Refrigeration (HVACR) Exhibition 2026, held from April 7 to 9 at the Landmark Centre. The exhibition, hosted under the Big 5 Construct Nigeria platform, brought together key stakeholders across the built environment,…
By Ayomide Otitoju Fidelity Bank Plc has exceeded the ₦500 billion minimum capital requirement set by the Central Bank of Nigeria (CBN), following the successful completion of its recapitalisation programme ahead of the March 31, 2026 deadline. The lender achieved the milestone through a ₦259 billion private placement of ordinary shares, which was opened and…
The International Monetary Fund (IMF) has warned that up to $50 billion in emergency financing may be required to support countries facing balance-of-payments shocks, as worsening global food insecurity puts an estimated 45 million people at risk. The projection comes ahead of the 2026 World Bank and IMF Spring Meetings scheduled to begin on Monday,…
By Ayomide Otitoju At the Society of Petroleum Engineers Oloibiri Lecture and Energy Forum 2026 held at the PTDF Headquarters in Abuja, the Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, delivered a keynote address focused on strategies to achieve Nigeria’s three million barrels per day oil production target. Ojulari, who was…
By Ayomide Otitoju Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has warned that the country’s economy is experiencing a significant shock amid the global fallout from the ongoing Middle East crisis. In a statement issued on Monday by his Special Adviser on Media and Communications, Dr. Ogho Okiti, Edun said…
