May 16, 2026
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BUSINESS

BUSINESS

FG requests NINs from applicants for trade grants

The Ministry of Industry, Trade, and Investment has mandated applicants of the Presidential Conditional Grant Scheme to include their National Identification Numbers (NIN) as part of the essential criteria for accessing grants designed to alleviate the effects of recent economic reforms on businesses in the country. The Bank of Industry, on behalf of the government, […]
BUSINESS

Foreign airlines say CBN lied about clearing FX backlog

Foreign airlines operating in Nigeria have said the Central Bank of Nigeria (CBN) was inaccurate in claiming it had cleared all foreign exchange (FX) obligations. Kingsley Nwokeoma, the Association of Foreign Airlines and Representatives in Nigeria (AFARN) president, told BusinessDay that the bank was yet to clear foreign airlines’ trapped funds. This came 24 hours […]
BUSINESS

Transparency, Research, Innovation Driving NNPC Ltd Transformation —EVP Gas, Power & New Energy

The Executive Vice President, Gas, Power and New Energy, Nigerian National Petroleum Company Ltd, Mr. Olalekan Ogunleye has identified transparency, accountability, research, technology and innovation as key drivers of the ongoing transformation in the company.Ogunleye disclosed this while speaking during a Panel Session hosted by the NNPC Ltd at the ongoing 2024 CERAWeek
BUSINESS

NNPC Ltd Will Use Gas to Trigger Nigeria’s Industrialisation, Economic Devt. —EVP Upstream, Eyesan

The Nigerian National Petroleum Company (NNPC) Ltd has reiterated its commitment towards utilizing Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development.NNPC Ltd’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan disclosed this during a Panel Session at the ongoing 2024 CERAWeek Conference in Houston, the United States
BUSINESS

Elumelu Foundation to announce 2024 cohort of its flagship Entrepreneurship Programme

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, will announce 1,200 African entrepreneurs across 54 African countries as beneficiaries of its flagship Entrepreneurship Programme. The announcement will be made on March 22, 2024. The new beneficiaries will become the 10th cohort of the 10-year-long TEF Entrepreneurship Programme.