By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has raised crude oil allocations to the Dangote Petroleum Refinery and Petrochemicals, assigning seven cargoes for May loading in a bid to strengthen domestic fuel production. Previously, the refinery had been receiving five cargoes monthly, and will continue to receive the same number in April,…
By Ayomide Otitoju The Central Bank of Nigeria (CBN) on Monday directed Deposit Money Banks (DMBs) to complete a mandatory cybersecurity self-assessment within three weeks as part of efforts to strengthen resilience across the financial system. In a letter dated March 30, 2026, and published on its website Tuesday, the apex bank introduced the Cybersecurity…
By Ayomide Otitoju Heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group have announced the formation of a joint coordination group to align responses to the energy and economic fallout from the ongoing Middle East conflict. In a statement released on Wednesday, the institutions highlighted the widespread disruptions caused…
By Ayomide Otitoju Joseph Tegbe, Director-General of the Nigeria-China Strategic Partnership (NCSP), joined over 500 global delegates at the inaugural assembly of the World Data Organization (WDO) in Beijing, a gathering aimed at strengthening international coordination on data governance and the digital economy. Accompanied by NCSP Head of International Relations, Ms. Judy Melifonwu, Tegbe’s participation…
By Ayomide Otitoju Lafarge Africa on Tuesday marked the culmination of a four-month vocational and entrepreneurial training program for 100 individuals living with disabilities under its Disability to Ability (D2A) initiative. The graduation ceremony celebrated participants who dedicated their time and effort to learning market-relevant skills aimed at enhancing their livelihoods and economic independence. The…
By Ayomide Otitoju A decade-long medical training partnership between Mercy Ships and Malagasy healthcare professionals is improving treatment for clubfoot patients in Madagascar, demonstrating the impact of surgical education and capacity-building. Fanirisoa (5) and Vonjy (3), both born with clubfoot—a congenital condition that causes the feet to turn inward and downward—received corrective treatment at Hospital…
By Ayomide Otitoju Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, on Tuesday launched the third edition of the Lagos Economic Development Update (LEDU 2026) at the Marriott Hotel, Ikeja, describing it as a compass guiding the state’s economic direction and reinforcing his administration’s commitment to a resilient, inclusive, and prosperous Lagos. Represented by his Deputy,…
By Ayomide Otitoju Adeleye Falade has officially taken over as the new Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), assuming office on Wednesday at the company’s Corporate Head Office in Port Harcourt, Rivers State. The appointment follows the elevation of former NLNG MD and CEO, Philip Mshelbila, to Secretary-General of the…
OpenAI announced on Tuesday that it has secured $122 billion in a funding round, giving the AI startup a valuation of $852 billion. The capital raised exceeded initial projections, reflecting rising computing costs and ongoing questions about the ability of AI companies to generate revenue sufficient to cover expenses. “The capital being deployed today is…
