Aliko Dangote, the billionaire behind Africa’s largest industrial conglomerate, has set his sights on Nigeria’s epileptic power sector with a plan to generate 20,000 megawatts of electricity. Dangote’s entry into the sector follows a string of failed promises from the Nigerian government. Adebayo Adelabu, ex-Power Minister, has repeatedly missed deadlines to stabilise the grid at…
Photo: A coal fired power plant in Hanchuan, Hubei province, China / Getty Images Enugu State Government is on the move to build a 660MW coal-fired power plant in the state. The project is a part of Governor Peter Mbah’s administration’s strategy to actualise its vision to grow the state’s economy from $4.4 billion to…
•Engr Mustafa Bello Jim Ovia, the Founder / outgoing Chairman of Zenith Bank Plc, has announced his successor , Engr Mustafa Bello , to members of the Board and shareholders. Ovia made the introduction yesterday during the bank’s annual general meeting in Lagos. In his remark, Jim Ovia stated, “Distinguished shareholders, it gives me great…
Photo: HURIWA National Coordinator, Emmanuel Onwubiko. The Human Rights Writers Association of Nigeria (HURIWA) is demanding for the immediate and sweeping action by the Federal Government, including a comprehensive overhaul of NAFDAC and SON. HURIWA alleged that the NAFDAC and SON have failed in their statutory responsibilities, allowing Nigeria’s markets to degenerate into a free-for-all…
Zenith Bank Plc has announced the retirement of its founder and Group Chairman, Jim Ovia, following the expiration of his tenure. Ovia, who founded Zenith Bank in 1990, has played a central role in the institution’s growth into one of Nigeria’s leading financial services providers. In a statement issued on Tuesday, the bank said that…
The Nigerian National Petroleum Company Limited (NNPC) has again signed a Memorandum of Understanding (MoU) with two Chinese companies to get the government’s refineries working, especially the Port Harcourt and Warri. The Chinese firms are: Sanjiang Chemical Company Limited, and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd. The MoU to revamp the refineries…
• A gas filing station / Reuters image Egypt has raised natural gas prices for several energy-intensive industries starting in May, according to a prime ministerial decree published on Sunday. Reuters reported that the government has already raised domestic fuel prices by up to 17% in March in response to soaring global energy costs, and…
By Oluwafunminire ‘ Nire’ Adetimehin Product marketing is one of the few roles in tech where you are accountable for outcomes you do not directly control. “In this environment, being influential is more than a soft skill; it is a currency you must trade with.” A product marketing manager’s output is a dependent variable, meaning…
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…
