By Ayomide Otitoju Dangote Petroleum Refinery Plc has assured Nigerians that Premium Motor Spirit (PMS) scarcity is over, declaring the country has entered a new era of fuel abundance. The assurance was given by the refinery’s newly appointed Managing Director, David Bird, at a press briefing in Lagos on Wednesday. Bird noted that the facility…
By Ayomide Otitoju The 5th Canada-Africa Business Conference will convene senior executives, investors, policymakers, and institutional partners from Namibia, Canada, and across Africa, with a strong focus on mining, energy, infrastructure, and sustainable economic development. The conference comes as Namibia continues to attract growing international interest, driven by its reputation for regulatory certainty, sound governance,…
By Ayomide Otitoju The Nigerian Electricity Regulatory Commission (NERC) has reported that 33 people died and another 33 were injured in power-related accidents across the country during the third quarter of 2025. According to the regulator’s Q3 2025 report, a total of 57 electricity-related accidents were recorded nationwide, with Ikeja and Kano electricity distribution zones…
France’s pace of greenhouse gas emissions reduction slowed for a second consecutive year in 2025, leaving the country off track to meet its climate targets, according to a provisional government-commissioned forecast published on Tuesday. Data from Citepa, a non-profit organisation mandated by the Ministry of Ecological Transition to compile France’s greenhouse gas inventory, showed that…
By Ayomide Otitoju The Federal Government on Monday held talks with senior officials of global professional services firm KPMG in Abuja to resolve concerns arising from the implementation of Nigeria’s newly enacted tax laws. The meeting followed intense debate within the business and professional community over the implications of the new tax framework. In a…
Heineken Chief Executive Officer Dolf van den Brink has announced his unexpected resignation after six years at the helm of the Dutch brewing giant, stepping down only months after unveiling the company’s new long-term strategy. According to a Reuters report, Van den Brink, who assumed leadership in June 2020 at the height of the COVID-19…
By Ayomide Otitoju Tier-one lender Fidelity Bank Plc has reaffirmed its commitment to community development and educational empowerment with the donation of essential learning materials to schoolchildren in the Makoko community of Yaba, Lagos, under its Fidelity Helping Hands Programme (FHHP). The outreach, facilitated by the bank’s Legal Services Division, saw the distribution of school…
By Ayomide Otitoju The Federal Government has proposed ₦1.096 trillion for capital electricity projects in the 2026 appropriation bill, aiming to tackle long-standing challenges in Nigeria’s power sector, including inadequate generation, transmission bottlenecks, and distribution inefficiencies. According to a breakdown of the 2026 Appropriation Bill seen by Channels Television, the Rural Electrification Agency (REA) received…
By Ayomide Otitoju The Nigeria Deposit Insurance Corporation (NDIC) has announced a second liquidation dividend of ₦24.3 billion for depositors of the defunct Heritage Bank Limited, targeting those with account balances above the ₦5 million statutory insured limit. According to the NDIC, uninsured depositors will receive 5.2 kobo for every ₦1 of their outstanding balances,…
