By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu on Monday signed the 2026 Appropriation Bill, titled the “Budget of Shared Prosperity,” into law at a ceremony in Alausa, the state’s seat of power. The budget, valued at N4.444 trillion, was passed by the House of Assembly on January 8 before being transmitted to the Executive…
By Ayomide Otitoju Vice President Kashim Shettima is leading Nigeria’s delegation to the 56th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland. His arrival follows a visit to Conakry, Guinea, on Friday, where he represented President Bola Tinubu at the inauguration of President Mamadi Doumbouya. On arrival in Switzerland, Shettima was received…
By Ayomide Otitoju Nigerians continued to rely heavily on cash withdrawals in the first half of 2025, pulling ₦36.34 trillion from Automated Teller Machines (ATMs) between January and June — nearly three times the ₦12.21 trillion recorded in the same period last year, according to the Central Bank of Nigeria (CBN). The surge persisted despite…
By Ayomide Otitoju Dangote Group has signed a $350 million-plus contract with India’s state-owned Engineers India Limited (EIL) to expand its refinery from 650,000 barrels per day to 1.4 million barrels per day. The expansion will include the addition of a second processing train, focusing on the production of Euro VI–compliant fuels. Under the agreement,…
By Ayomide Otitoju The European Union (EU) has officially removed Nigeria from its list of high-risk third countries under the EU Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework. The decision, contained in the European Commission Delegated Regulation (EU) C (2025) 8460 adopted on December 4, 2025, comes in line with updates by…
By Ayomide Otitoju Jameson Irish Whiskey, from the stable of Pernod Ricard Nigeria, has reaffirmed its commitment to sustainability, creativity and community engagement with the unveiling of a striking upcycled Christmas Tree installation at Ikeja City Mall, Lagos, during the yuletide season. The activation marked the official kick-off of the brand’s much-anticipated 12 Days of…
By Ayomide Otitoju MoMo Payment Service Bank (MoMo PSB), the financial arm of MTN Nigeria, has expanded its cross-border transfer service, enabling customers to send money to more African countries while enhancing inbound remittance capabilities from major international markets, including the UK, US, Canada, and Europe. With the latest expansion, Nigerian customers can now transfer…
By Ayomide Otitoju Guyana is entering a new phase of local content development as rapid growth in its oil and gas sector drives reforms aimed at improving efficiency and expanding domestic participation. In late 2025, the Government of Guyana announced that from January 2026, companies applying for local content certification under the Local Content Act…
By Ayomide Otitoju The World Advanced Manufacturing & Future Mobility Exhibition (WAM Morocco) will make its debut in Casablanca from January 20 to 22, positioning itself as the region’s first Industry 4.0–focused platform dedicated to advanced and intelligent manufacturing, future mobility, industrial innovation and supply-chain transformation. Designed to connect Morocco’s industrial ecosystem with leading global…
