By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a rise in crude oil and natural gas output in January 2026, even as overall petroleum revenue declined sharply. According to the NNPC Monthly Report Summary for January, crude oil production, including condensates, reached 1.64 million barrels per day (bpd)—up 5.81% from…
By Ayomide Otitoju Sunbeth Global Concepts Limited has successfully completed Series 1, 2, and 3 issuances under its Commercial Paper Programme, raising ₦165.73 billion—well above the ₦100 billion initially targeted. The offering, which ran from February 27 to March 6, 2026, was structured across three series with tenors of 179, 270, and 364 days, providing…
By Ayomide Otitoju Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday inaugurated the five-member Board of the Lagos State Electricity Regulatory Commission (LASERC), marking a major step in operationalising the Lagos State Electricity Law and building an independent, investor-friendly electricity market. The Governor appointed Mr. Alexander Akinwunmi Ogunbiyi, an energy financing expert with over 30…
By Ayomide Otitoju The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has assured that the upcoming Creative Africa Nexus (CANEX) 2026 and the Intra-African Trade Fair (IATF) 2027, both to be hosted in Lagos, will set new standards as the best of their kind on the African continent. Sanwo-Olu made the pledge on Monday during…
By Ayomide Otitoju The Federal Republic of Nigeria has officially signed the host agreement for the fifth Intra-African Trade Fair (IATF2027), taking over from Algeria, which hosted the fourth edition that recorded US$49.94 billion in trade and investment deals. The signing ceremony was held in Lagos, in partnership with the African Export-Import Bank (Afreximbank), the…
By Ayomide Otitoju Japan Tobacco International Nigeria (JTI Nigeria) has reaffirmed its commitment to gender equity and inclusive leadership as it joins the global community in observing International Women’s Day 2026. Speaking on the occasion, General Manager Abdallah Simba highlighted that empowering women is both a social responsibility and a driver of sustainable business success….
By Ayomide Otitoju The Naira opened at ₦1,398.24 per US dollar in the Nigerian Foreign Exchange Market (NFEM) early Tuesday, briefly rising to ₦1,398.82 before appreciating to ₦1,396.24 by mid-morning as supply from the Central Bank of Nigeria (CBN) and authorised dealers met market demand. Authorised dealers noted that the apex bank’s proactive management of…
By Ayomide Otitoju Former Super Eagles coach Adegboye Onigbinde has passed away at the age of 88, his family announced on Monday. The announcement, signed by family member Bolade Adesuyi, paid tribute to Onigbinde’s life and contributions. “With great gratitude to God for a life well spent, we announce the passing of this great man,…
European gas prices surged by as much as 30 percent on Monday as the escalating Middle East conflict rattled global energy markets and heightened fears of prolonged supply disruptions. The benchmark Dutch TTF natural gas contract climbed to €69.50 before easing slightly, though it remained below the levels recorded at the start of Russia’s 2022…
