The House of Representatives Committee on Petroleum Resources (Downstream) has called for the dismissal and arrest of the World Bank official responsible for the April 7, 2026 Nigeria Development Update, which recommended the reinstatement of petroleum import licences. The Committee Chairman, Hon. (Barr.) Ikenga Ugochinyere Ikeagwuonu,described the recommendation as a reckless move capable of undermining…
Nigeria’s entertainment industry is now worth $10.8 billion in revenue. The US International Trade Administration gave the estimate, emphasising that the industry is largely driven by Nollywood films and Afrobeats music. Nollywood alone produces more than 2,500 films per year.This makes it the world’s second-largest film industry by volume. Afrobeats has also contributed over $8…
• Omotayo Okewunmi Mrs Omotayo Okewunmi, is the Chief Operating Officer (COO) of Saldrey Communications Limited. In this exclusive interview with Industrial Times, she shares insights on the company’s unique niche services to brands across sectors , and how it aims to sustain the momentum in a rapidly evolving business and political landscape. EXCERPT: How…
The United Arab Emirates has announced it is withdrawing from OPEC and the broader OPEC+. According to Reuters, UAE withdrawal is a significant setback to the oil-producing bloc and its de facto leader, Saudi Arabia, at a time when the ongoing Iran war has triggered a major global energy shock. The departure of the UAE,…
Photo: Dr Adaora Umeoji, GMD of Zenith Bank. Zenith Bank Plc said that it will officially open its Côte d’Ivoire branch tomorrow Wednesday, April 29, 2026. The new subsidiary is positioned to support cross-border trade and investment, with a focus on corporate banking, trade finance, local and offshore banking services, and structured financial solutions for…
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has established an Export Express Support Centre as a practical intervention to simplify export processes and provide direct support to businesses. Chairman of the NACCIMA Export Group, Kola Awe, said that the initiative was driven by the need to improve export performance, noting…
Photo: Aliko Dangote at the Africa We Build Summit 2026 – on Thursday in Nairobi, Kenya. Africa’s leading industrialist and President of the Dangote Group, Aliko Dangote, has said that the refinery in Lagos can be replicated in East Africa if given the right supports. He made the pledge at the infrastructure summit – the…
The Central Bank of Nigeria (CBN) has mandated commercial and merchant banks to increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/ credit cards by 50 percent to N1,500 from N1,000. The apex bank gave the directive on Thursday in a circular to Banks, Other Financial Institutions and the Public signed…
Former Minister of Information and Culture, Alhaji Lai Mohammed, has given an account of how disciplined, strategic communication can transform a fragmented opposition into a cohesive national movement. Mohammed gave the insight at Abbey College, Cambridge, UK, yesterday, emphasising said that the method was deployed by the political oppositions in Nigeria to defeat the ruling…
•Adekunle Adebiyi MBO Capital Management Limited declared that it has channelled more than N9 billion into Nigerian film productions since 2017. The Executive Director (Investments), MBO Capital Management, Adekunle Adebiyi, disclosed this during the second edition of the Film Financing Conference hosted by the company in Lagos. He told financiers, filmmakers and industry executives at…
