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NAICOM approves Ademoye Shobo as Lasaco Assurance MD/CEO

The National Insurance Commission has approved Ademoye Shobo as the new Managing Director and Chief Executive Officer of Lasaco Assurance Plc. The announcement was made in a statement on Tuesday, signed by the company’s Secretary, Gertrude Olutekunbi. Shobo’s tenure officially began on February 6, 2026. The statement noted that the board expressed confidence in Shobo’s […]

Aviation auditors begin security audits of Lagos, Abuja airports
Aviation

NATCA pushes for nationwide airport control tower safety review

The Nigerian Air Traffic Controllers’ Association has urged the federal government to conduct a thorough safety assessment of all airport control towers, ensuring compliance with International Civil Aviation Organization standards. The President of NATCA, Edino Amos, made this disclosure on Tuesday, while commending the Minister of Aviation and Aerospace Development, Festus Keyamo, for his leadership, […]

Business

REA, Lotus Bank partner for N100b renewable energy credit facility

The Rural Electrification Agency has partnered with Lotus Bank through a Memorandum of Understanding to secure a N100 billion revolving credit facility, aimed at boosting renewable energy access for unserved and underserved rural communities across Nigeria. The was disclosed in a statement released in Abuja on Tuesday. REA called the partnership a strategic initiative to […]

Oil and Gas

NUPRC unveils 60-day plan to fully digitise operations

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has unveiled a 60-day initiative to fully digitise the commission’s internal communications and operational workflows, aiming to boost transparency, efficiency, and regulatory speed. Eyesan made this disclosure on Monday during a working visit by the Executive Secretary of the Nigeria Extractive Industries Transparency […]

Aviation

Foreign airlines push ties with FG on airport modernisation

The International Airlines Association of Nigeria is advocating for stronger collaboration with the Federal Government to modernize airports, improve passenger services, and enhance safety, aiming to bolster the nation’s aviation value chain. The Chairman of the Association’s Airline Operators Committee, Damilola Ogunseye, stated that the group is prepared to support the government’s aviation reform agenda […]

Business

Nigeria to export new light crude in March – NNPCL

Nigeria will start exporting a new light, sweet crude grade called Cawthorne in March, the Nigerian National Petroleum Company Limited has announced. A company spokesperson confirmed to Reuters on Tuesday that the move aims to boost oil production and reinforce Nigeria’s recent recovery in output. The launch of Cawthorne is also expected to strengthen the […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote inks deal to deliver 65m litres petrol daily

The Dangote Petroleum Refinery has signed an offtake agreement with 12 leading petroleum marketing companies to supply 60–65 million litres of Premium Motor Spirit, also known as petrol daily across Nigeria. The initiative is expected to stabilise fuel supply and strengthen the country’s drive toward self-sufficiency. Aliko Dangote, President of the Dangote Group, stated in […]

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Banks raise N4.05tn ahead of March recapitalisation deadline

Banks have secured N4.05tn in verified and approved capital ahead of the March 31, 2026 recapitalisation deadline set by the Central Bank of Nigeria. CBN Governor Olayemi Cardoso disclosed this on Tuesday during the Monetary Policy Committee briefing in Abuja, stating, “As of February 19, 2026, total verified and approved capital raise stands at N4.05tn.” […]

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Sit-at-home: Anambra seals over 200 shops at Onitsha market

The Onitsha South Local Government Area in Anambra State has sealed over 200 shops at the Bridge Head Market in Onitsha. This action followed the traders’ failure to comply with the state government’s directive to disregard the Monday sit-at-home order. Local government authorities conducted a compliance monitoring exercise on Monday. The affected shops, located across […]

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PENGASSAN to meet presidency over Tinubu’s ‘threatening’ executive order

The leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria has announced plans to meet with the Presidential Implementation Committee on Executive Order 9, which was recently signed by President Bola Tinubu. PENGASSAN has warned that the executive order poses a serious threat to the stability of the oil and gas industry, […]

Energy

FG launches oxytane to slash generator emissions by 70%

The Federal Government has launched a new Greenhouse Gas Emission Reduction Initiative featuring an oxygen-based fuel additive technology that can reduce carbon emissions from generators by up to 70 per cent. Speaking at the official launch in Abuja on Tuesday, the Registrar/Chief Executive Officer of the Environmental Health Council of Nigeria, Dr Yakubu Baba, described […]

News

NDLEA seizes 490kg cannabis, 17,568 codeine bottles in Sokoto

The Sokoto State Command of the National Drug Law Enforcement Agency has seized 490.7 kilograms of suspected cannabis and 17,568 bottles of Codeine syrup in Sokoto State. The State Commander, Mr Mustapha Gidado, disclosed this at a press briefing on Tuesday in Sokoto. Gidado said the NDLEA officials apprehended 54 cartons of codeine syrup, while […]

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