By Ayomide Otitoju The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has expressed optimism that Nigeria’s crude oil production will reach 1.8 million barrels per day before the end of 2025. Ojulari disclosed this while briefing the President in Lagos on the company’s activities since his appointment on…
By Ayomide Otitoju The Federal Government has criticised the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for what it described as an attempt to hold the nation to ransom over a minor labour dispute involving the $20 billion Dangote Petroleum Refinery. Vice President Kashim Shettima issued the rebuke on Monday while declaring…
By Ayomide Otitoju An Abuja High Court has ordered the Inspector General of Police (IGP) to produce for prosecution officers of the defunct Special Anti-Robbery Squad (SARS) found culpable in the 2017 abduction and disappearance of Mr. John Chukwuemeka Anozie. Delivering judgment on September 24, 2025, in Suit No: FHC/ABJ/865/2025 – Mrs. Nnenna Anozie v….
By Ayomide Otitoju Fidelity Bank Plc, a leading Tier-One financial institution, has commenced the disbursement of the Federal Government’s MSME Intervention Fund, administered by the Bank of Industry (BOI), with a strategic focus on empowering women-led enterprises across Nigeria. The initiative, designed to provide accessible financing for micro, small, and medium enterprises (MSMEs) in all…
By Ayomide Otitoju Woodside Energy has been awarded the International Local Content Champion of the Year at African Energy Week 2025: Invest in African Energies, in recognition of its ongoing commitment to building local capacity, facilitating skills transfer, and empowering communities across Africa. The accolade underscores the company’s efforts to ensure local people and enterprises…
By Ayomide Otitoju The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed a US$90 million syndicated facility in support of the Republic of Djibouti, with the Société Internationale des Hydrocarbures de Djibouti (SIHD) as the executing agency. The agreement was signed by Mr. Nazeem Noordali, Chief…
By Ayomide Otitoju Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has had its long-term issuer credit rating of A3 reaffirmed by Moody’s Investors Service, maintaining the rating first assigned in 2014 for over a decade. The rating comes with a stable outlook, while AFC’s short-term issuer rating was affirmed at P-2, highlighting the…
By Ayomide Otitoju Ecobank Nigeria, a subsidiary of the pan-African banking group, has unveiled its upgraded mobile app, offering customers a faster, smarter, and simpler banking experience nationwide. The enhanced app features a modern design and upgraded functionalities, including advanced facial recognition, seamless bill payments, airtime top-ups, and QR code payments—designed to make banking more…
By Ayomide Otitoju In today’s digital landscape, former employees retaining access to company systems—sometimes months after leaving—pose a serious cybersecurity risk, experts warn. A recent study reveals that 89% of ex-employees keep valid logins, while 45% maintain access to confidential company data, with nearly half admitting to continuing system access after departure. Known as “shadow…
