The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has said Nigeria has successfully navigated the most difficult phase of its economic reforms and is now focused on accelerating broad-based and inclusive growth that delivers tangible benefits to citizens and businesses. Speaking at the Nigeria Employers’ Summit 2026 organised by the Nigeria Employers’ Consultative Association (NECA) in Abuja, the Minister said the bold reforms initiated by President Bola Ahmed Tinubu’s administration prevented an imminent economic collapse and laid the foundation for macroeconomic stability and sustainable growth. Addressing business leaders, policymakers and development partners during a…
Author: orientalnewsng
The Supreme Court of Mauritius has restrained and prohibited directors of Chappal Energies Mauritius Ltd from proceedings with the oil firm’s planned Rights Issue, pending the determination of the application for urgent relief by the Emergency Arbitrator in the London Court of International Arbitration (LCIA). The court made the order following an application filed by Intermediate Investment Holdings Limited (IIHL) through its counsel, Ms Attorney J Radhakissoon. The restraining order thwarted alleged plan by a minority shareholder of the company, R28 Limited, a firm linked to businessman, Adebisi Adebutu to acquire up to 85 percent of the company. The…
Uche Cecil Izuora The Nigerian Ports Authority (NPA) and the Association of Nigerian Licensed Customs Agents (ANLCA) are taking proactive steps to improve ease of doing business, address persistent congestion along the Apapa and Tin Can Island ports corridors and accelerate cargo evacuation. The General Manager (GM) Corporate Affairs of the NPA, Ikechukwu Onyemekara in a statement, the agreement was reached during a strategic engagement at the NPA Corporate Headquarters, Marina, Lagos, between the Managing Director (MD) of NPA, Dr. Abubakar Dantsoho, and the ANLCA’s national leadership led by its National President, Chief Emenike Nwokeoji. In his remarks, Dr.…
The Lagos State Waterways Authority, in partnership with Interferry, has completed Module Two of the Ferry Safety Development Programme, focusing on seamanship training for ferry professionals. The June module covered ropes and knots, mooring and anchoring, and deck maintenance. Participants combined self-paced learning, virtual mentoring, expert sessions and practical field exercises to build stronger technical knowledge and operational skills for safer ferry services. As part of the module, participants joined an “Ask the Expert” virtual session on 17 June 2026 with Mr. Jeff Joyce, Interferry Mentor and Vice President, Marine Operations at Northumberland Ferries Limited. He shared practical insights…
Yemisi Izuora TotalEnergies has been sued to Court by some non state actors which are seeking mitigation of environmental damages before exit. Several nonprofits including Friends of the Earth France have sued oil major in a French civil court on Wednesday, seeking to obtain environmental documents related to an onshore Nigerian oil asset it is attempting to sell, according to Reuters. Nigerian regulators have not yet approved the sale announced in January of Total’s 10 per cent stake in the asset, which was formerly known as SPDC, to local company Vaaris. SPDC has struggled with hundreds of oil spills due…
The Lagos State Waterways Authority has entered into a strategic partnership with the Apollo Africa Leadership Foundation to promote leadership development, youth empowerment, community engagement, and sustainability among young Nigerians. The partnership was formalised during a recent visit by representatives of the foundation to LASWA headquarters, where both organisations explored areas of mutual interest and identified opportunities for collaboration. Speaking at the meeting, LASWA General Manager and Special Adviser to the Lagos State Governor on Blue Economy, Mr. Oluwadamilola Emmanuel, said partnerships remain essential to driving innovation and sustainable development across key sectors of the economy through youth participation.…
Valentine Okafor An indigenous firm, Radiant diGiLog, has unveiled an all-in-one workforce management and productivity platform for tracking attendance, shifts, payroll, and human resource operations. The platform, also known as Radiant diGiLog, was launched during the Route to Market West Africa Exhibition 2026, in Lagos, where business leaders and others gathered to discuss business growth and market development opportunities. This is contained in a statement issued by the company’s Managing Director, Mrs Tayo Babatunde, and made available to journalists on Monday in Lagos. Babatunde said Radiant diGiLog was launched in other selected markets, including the United Kingdom, South Africa, Uganda…
Says……. Combination strengthens financial system resilience and expands capacity to support Nigeria’s growth ambitions ProvidusUnity Bank is set to commence operations as a single, unified institution following the successful completion of the business combination between Providus Bank and Unity Bank and the conclusion of all required regulatory, shareholder and judicial processes. The commencement of operations marks the creation of a strong, better-capitalised, and nationally scaled banking institution positioned to support customers more effectively, deepen financial inclusion, and contribute meaningfully to Nigeria’s long-term economic ambitions. ProvidusUnity Bank brings together the complementary strengths of Providus Bank’s innovation, customer-centric service culture, and digital…
Officers of the Nigeria Customs Service Public Relations Unit have made a remarkable showing at the Nigeria Customs Service Command and Staff College (NCCSC), Gwagwalada, where they emerged as the best and second-best graduating students in Senior Course 14. At the graduation ceremony held on Friday, June 26, 2026, at the Ahmed Makarfi Hall, 50 officers completed the rigorous professional course, but the spotlight went to Chief Superintendent of Customs Ridwan Yusuf, who emerged as the Overall Best Graduating Student and received three additional awards. He was closely followed by Chief Superintendent of Customs Nuruddeen Sa’idu, who emerged as…
The Nigeria Customs Service and the Customs Administration of the Kingdom of the Netherlands have signed a joint declaration aimed at strengthening trade facilitation, border security, capacity building, and the fight against transnational organised crime. The agreement was signed on Wednesday, June 24, 2026, in Brussels by the Comptroller-General of Customs, Adewale Adeniyi, and the Director-General of Netherlands Customs, Nanette Van Schelven. It follows earlier high-level engagements between both administrations in the Netherlands and Nigeria. According to the declaration, both customs authorities will deepen cooperation in customs modernisation, intelligence sharing, compliance management, enforcement cooperation, risk management, cargo clearance systems,…