news and current affairs.
MOFI launches awards, top-performing agencies get their due
Finance Minister Wale Edun launched the MOFI Excellence Awards in Nigeria to reward government enterprises that actually follow good governance rules and hit performance targets. The panel judging these agencies includes heavyweights from the Financial Reporting Council, Society for Corporate Governance Nigeria, Chartered Institute of Directors, Nigeria Exchange Group, and Chartered Risk Management Institute. Dr. Armstrong Takang from the Ministry of Finance Incorporated said this program marks the first time Nigeria officially recognizes public companies for running things properly. Edun wants boards and management teams getting praised for transparency and accountability instead of just existing on paper. The government plans to use...
NAAPE vows safety first, pilots and engineers lead the way
Captain Bunmi Gindeh from the National Association of Aircraft Pilots and Engineers told his newly elected council in Abuja that keeping flights safe is their main job. The group represents pilots and engineers who handle flight safety and tech upgrades across Nigerian aviation, and Gindeh wants the leadership operating with transparency while putting the collective before personal agendas. Spokesperson Engr. Blessing Ahmadu said the council needs to protect worker interests, work with industry people, and build up professional training. Gindeh pointed out that their choices affect both union members and how safely planes fly around the country.
Blake Resort boss shines, scoops top entertainment honor
Black Giant Signature threw their 9th African Giants Awards in Abuja and gave Blake Resort boss Chief Akunedozi the Entertainment Personality of the Year trophy. His assistant Innocent Okoh grabbed the award at Cyprian Ekwensi Center for Arts and Culture while a bunch of politicians and entertainment people showed up to the ceremony. Okpe Lawrence Okpe runs the whole operation and announced they hit their 10-year milestone next round. Other winners included Seyi Tinubu, Senator Anthony Siyako Yaro, comedian Koboko Master, and media veteran Ali Adoyi Abah. Akunedozi thanked his Blake Resort crew and credited everything to his team's hustle.
NDIC teams up with valuers, failed bank assets get sharp focus
Nigeria Deposit Insurance Corporation boss Oludare Sunday told the Nigerian Institution of Estate Surveyors and Valuers that getting asset valuations right matters when liquidating busted banks. The money from selling those assets goes toward paying back depositors who had more than the insured limit stashed away, and bad valuations mean people lose cash they should have gotten back. Sunday wants NIESV to keep its ethics tight and avoid insider nonsense while NDIC builds better internal systems. Dr. Victor Adekunle Alonge from NIESV showed up at the NDIC office in Abuja, promising his crew will stay professional and help the corporation do better work managing failed bank assets. Both groups agreed they need joint training programs...
Wema Bank rolls out black card, GAH crowd gets VIP perks
Wema Bank dropped the GAH Elite Club Black Card ahead of the 13th GAH Awards and Business Summit happening at Eko Hotels and Suites in Lagos. Princess Oghene is running the show, and she brought in Zamfara Governor Dauda Lawal, Air Peace boss Allen Onyema, and activist Femi Falana for the event focused on innovation and sustainable growth across Africa. The card gives holders worldwide financial perks and access to all GAH events. Oghene wants corporate partners to jump in because the awards platform turned into a movement pushing empowerment projects continent-wide. Financial expert Grace Ofure talked about linking African creators to international markets to boost local innovation and help people tell their stories globally.
Komolafe wins praise, NUPRC revenues surge with grit
The Nigerian upstream oil regulator pulled in 8.79 trillion naira for the government between January and October, with October alone hitting 873.1 billion naira. Gbenga Komolafe runs the Nigerian Upstream Petroleum Regulatory Commission, and policy wonks are giving him credit for tighter enforcement on royalties and better tracking of upstream operations. The commission also wiped out 1.42 billion dollars plus 5.57 trillion naira in old debt that NNPC owed after getting presidential approval to clear the books. Dr. Ifeanyi Okonkwo said the regulator finally stopped being passive and started acting like it actually has authority over the sector. Energy economist Dr. Hauwa Ibrahim pointed out that strong compliance systems are making the...
Nigeria lands IMO council seat, maritime clout gets a boost
Nigeria just landed a seat on the International Maritime Organisation Council in Category C, and Alhaji Jani Ibrahim from NACCIMA gave props to Marine and Blue Economy Minister Adegboyega Oyetola for pulling it off. Ibrahim said Oyetola pushed reforms and built international connections that got the country recognized globally in shipping circles. NACCIMA also thanked President Bola Ahmed Tinubu for backing the blue economy push and tightening up regulations across the maritime sector. Ibrahim said this win shows the government actually cares about maritime safety, environmental responsibility, and sustainable ocean industry growth. The chamber promised to keep working with Oyetola and other maritime stakeholders to maintain the...
Transafam Power steps up, and elders get wellness with care
Transafam Power Limited dropped a healthcare program for elderly people in Okoloma-Afam, Rivers State, and gave out blood pressure monitors plus vitamins to over 30 seniors. Vincent Ozoude from the company said they want this to happen every year since they power about a fifth of the country's electricity alongside their sister operation. Doctors from Avon Medical Practice showed up to talk about managing hypertension and preventing diabetes while doing free health checks. The seniors walked away with food packages, toiletries, bedding, and household stuff on top of the medical gear. Community leaders said the whole thing was organized well and actually helped people instead of just being for show. Transafam runs other programs for...
MTN cleans up at CVA, four big wins fuel bragging rights
MTN Nigeria grabbed four trophies at the Consumers Value Awards after people voted them top choice for green energy adoption, customer service, internet reliability, and corporate social responsibility through the MTN Foundation. Ugonwa Nwoye from the company said the wins prove customers actually trust what they are doing with service quality and sustainable operations. The telecom pulled massive vote percentages across categories, with 73 percent backing their foundation work and 66 percent calling them the most dependable internet provider. Voters apparently liked how MTN keeps investing in cleaner energy for their network infrastructure while maintaining stable connectivity for millions of subscribers across the country.
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