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NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

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NNPC raises alarm over Nigeria’s growing energy skills shortage

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Infinity Mortgage Bank appoints acting managing director/CEO

Infinity Trust Mortgage Bank Plc’s Board of Directors has announced Mrs Ngozi Chukwu’s appointment as Acting Managing Director/Chief Executive Officer. This was disclosed in a notice filed with the NGX. The appointment, which became effective on July 11, 2024, followed the departure of the Bank’s Managing Director/Chief Executive Officer, Mr. Sunday Olumorin. The statement reads […]

Tech

Global smartphone shipment rises by 6.5% – Report

Alex Omenye In the second quarter of 2024, the global smartphone market experienced a notable uptick, with shipments rising by 6.5% compared to the previous quarter. This growth trend, revealed in preliminary data from IDC, underscores a resilient sector that continues to adapt to evolving consumer preferences and technological advancements. At the forefront of this […]

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Forex scarcity forced pharmaceutical giants out of Nigeria – Manufacturers

The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria has expressed concerns about Nigeria’s foreign exchange scarcity, claiming that pharmaceutical industries will be unable to cope. The group also ascribed the FX scarcity to the departure of numerous multinational pharmaceutical firms from the country. The group voiced their concerns at a news conference in […]

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IOCs not unwilling to sell oil to Dangote, says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has said that International Oil Companies (IOCs) did not refuse to sell crude oil to the Dangote plant. This was disclosed by the Chief Executive Officer of the Commission, Engineer Gbenga Komolafe, in an interview with Arise TV on Monday. According to Komolafe, while the Petroleum Industry Act (PIA) […]

Abia State partners with MTN to drive digital transformation
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Abia partners FG for airport, road construction

Governor Alex Otti of Abia State has officially confirmed the state’s collaboration with the Federal Government on two significant infrastructure initiatives: the construction of an airport and the development of the Ariam/Usaka Ikwuano-Ikot Ekpene Road. The announcement was made during a church service at Christ Embassy along Library Avenue, Bank Road Umuahia, according to Ukoha […]

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Nigeria seeks investors to replace aging satellite 

Alex Omenye The Nigerian Communications Satellite Limited has initiated plans to replace the country’s aging satellite, NIGCOMSAT-1R, which is nearing the end of its 15-year operational lifespan in 2026. Mrs. Jane Nkechi Egerton-Idehen, Managing Director of NIGCOMSAT, announced this strategic move during a media briefing on Sunday. “Since its operational launch in December 2011, Nigeria’s […]

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Miners warn FG’s rate hike could drive them out of business

The Miners Association of Nigeria has strongly criticized the federal government’s recent increase in mining rates and royalties for solid minerals, warning that it could drive local miners out of business. MAN’s National President, Dele Ayankele, expressed these concerns in response to the hike reported by the News Agency of Nigeria. He emphasized that stakeholders […]

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NDDC recommends 3% VAT revenue for Niger Delta funding

The Niger Delta Development Commission is proposing a new legislation that will allocate 3% of VAT revenue as a supplementary financing source. This information is contained in a press release issued by the NDDC, which outlines several resolutions reached at the end of the three-day summit. This initiative arose from the technical sessions at the […]

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Banks’ loans to private sector reach N375tn – CBN

The Central Bank of Nigeria reported that Nigerian banks’ loans and support for the private sector totaled approximately N375.78 trillion in the first five months of 2024. This is almost 74.98 percent greater than the N214.76 trillion reported in the same time last year, suggesting that the banking sector has continued to give increasing assistance […]

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