The weather agency boss grabbed a pile of awards after flipping operations upside down since landing the job two years back. Charles Anosike runs the meteorological outfit and swapped out old paper systems for digital flight briefing apps, rolled electric vehicles into airport operations, and locked partnerships with groups across Africa and beyond to pump better climate data into farming communities and airlines.
Staff got their back pay sorted after years of waiting on promotions and wage bumps, and the whole crew went through training programs to stay sharp on modern forecasting tech. The agency launched seasonal prediction tools translated into local languages, set up charging stations at five international airports for the new EV...
The oil regulator guy running things says they could pull in around 10 billion bucks from companies bidding on exploration blocks over the next half year. Gbenga Komolafe runs the upstream petroleum commission and announced the portal went live for 50 different sites spread across onshore spots, shallow waters, frontier zones, and one deepwater patch. He thinks the whole thing could add 2 billion barrels to production numbers when everything gets cooking over the next decade.
The commission reprocessed a bunch of old seismic scans to give investors clearer pictures of what sits underground, which supposedly drops the risk of drilling dry holes. Komolafe said lower uncertainty means faster timelines from winning a license to actually...
Nigeria threw a thank-you lunch in London after landing a spot on the maritime organization's council, and the marine minister told everyone his country plans to actually show up and do the work. Adegboyega Oyetola said the election proves other nations still trust Nigeria to help shape global shipping rules covering safety standards, environmental protection, and decarbonization efforts through the International Maritime Organization.
The minister laid out port upgrades and seafarer training programs happening back home under the current administration. He promised Nigeria would push for more capacity building in developing countries and keep advocating for fair access to maritime resources across the board during the two-year term.
The central bank governor told people in Lagos that his crew is revamping the whole credit risk setup to make sure the roughly N4.14 trillion being raised through bank recapitalisation doesn't get blown on sketchy loans. Olayemi Cardoso said 27 lenders already tapped public offers and rights issues, and 16 hit the new capital floors before the March deadline. A fresh compliance department is running to watch over financial crime, market behavior, corporate governance, and ESG stuff.
Cardoso wants to kill off the boom-and-bust pattern that followed past recapitalisation rounds by pushing tougher controls on how banks manage the fresh capital. The regulator set up a web-based credit risk system that lets banks dial into the database for...
The stats bureau dropped numbers showing the economy expanded close to 4 percent compared to the same stretch last year. Agriculture bumped up its performance from the previous year, and the industry segment also posted better growth than before. Services kept pulling most of the weight at just over half the total output.
Oil production averaged around 1.64 million barrels daily during the period, which beat last year but dipped slightly from the previous quarter. The non-oil side grew faster than it did during the same window in the prior year, with crop farming, telecom operations, and real estate doing most of the heavy lifting.
An investment firm out of Africa just dropped its take on what rich people need to worry about going forward, and it basically boils down to having backup plans across multiple countries. Franklin Nechi runs Optiva Capital Partners and told some business reporters that being stuck in one spot is a bad move when you could be spreading money around and grabbing citizenship somewhere else. His whole pitch is that a second passport stops being some flex for ultra-wealthy types and turns into legitimate protection when your home currency tanks or markets get sketchy.
The company helps clients lock down residency permits and property deals across North America, Europe, the Caribbean, and the Middle East. Nechi says thousands of African...
The boss at Air Peace told people in Abuja that domestic carriers will tank if a new tax package kicks in next year. Allen Onyema said his group plans to sit down with lawmakers and the president to hash out adjustments, and he thinks the administration will come through when operators make their case heard.
Onyema praised the aviation minister for backing local airlines after years of getting treated like trash by everyone. The celebration event handed out awards to pioneers who built the sector from scratch, covering everyone from the country's first licensed pilot to airline founders and engineering company chiefs. The minister admitted the list probably missed some contributors, and organizers bumped the count from 40 honorees to...
Lawmakers told a Lagos crowd they are serious about shifting the country away from oil and gas while keeping things fair for everyone involved. Speaker Tajudeen Abbas sent his media committee chair to a workshop run by advocacy groups, and the rep said parliament committees handling budgets and environmental stuff are all lined up to push reforms that make fiscal sense.
The head of one civil society org pointed out that less than 10 percent of energy comes from renewable sources right now, which leaves the nation exposed to supply problems and environmental damage. He said tax breaks and incentives need better oversight from the National Assembly since other countries already use those tools to juice up green energy investments. One...
A Nigerian lender grabbed the top small business bank title after handing out nearly a quarter of all the cash that went to entrepreneurs last year. First City Monument Bank scored the award from the country's professional banking group after pumping money into farms, shops, telecom ventures, and real estate deals that line up with the sectors pulling the most weight in the economy.
The bank's managing director, Yemisi Edun, said through a rep that their whole point is backing the people who actually keep things running. They throw in mentorship and tech help on top of the loans so businesses can figure out how to stay afloat and expand without crashing.
