September 2025 – Page 115

Botswana Launches Sovereign Wealth Fund, Gumel Chairs Board

15.09.2025

The President of Botswana, Duma Boko, has announced the creation of a new Botswana Sovereign Wealth Fund Limited with the former Chairman of the Nigerian Sovereign Investment Authority, Mr. Farouk Gumel, as the inaugural Chairman of its Board of Directors. In a statement on Sunday, it was revealed that the new fund was established in...

NBA Threatens To Sue NSCDC Over Arrest Of Lawyer In Place Of Absconded Suspect

15.09.2025

The Nigerian Bar Association (NBA), Nyanya-Karu Branch has threatened to sue the Nigerian Security and Civil Defence Corps (NSCDC) over the shocking harassment, arrest, and detention of one of its prominent members, Nnamdi Mbah. The said incident occurred on September 9, 2025 when Mbah was supervising a property at Aco Estate, Lugbe, Abuja. In a...

Data Gap Threatens Nigeria’s Real Estate Growth – AFRES

15.09.2025

The African Real Estate Society has warned that inadequate and fragmented data remains a major obstacle to housing finance, investor confidence, and sustainable growth in Nigeria’s real estate sector. The president of the Nigerian chapter of the continental body, Adekunle Awolaja, sounded this warning at the African Real Estate Society 24th Annual Conference, which was...

Legislative Face Off: Lawyers Push For Akpoti-Uduaghan’s Return

15.09.2025

AKEEM NAFIU writes that lawyers have queried the rationale behind the Senate’s refusal to allow the Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, resume her legislative duties after serving out the six months suspension imposed on her by the red chamber for alleged insubordination Some senior lawyers have called on the Senate’s leadership to...

Business

Insurance & Pension Editors Host 10th Annual Conference in L

15.09.2025

Stakeholders in the insurance and pension industries have expressed support for the 10th annual conference of the Nigerian Association of Insurance and Pension Editors. The conference, themed ‘Strengthening Insurance and Pension Frameworks For Better Economy’, is scheduled to be held on Tuesday in Lagos. According to the association, support has come from insurance companies, insurance...

Court Reinstates Sacked Lecturer, Orders Payment Of Withheld Salaries

15.09.2025

The National Industrial Court, Ibadan Division, has nullified the dismissal of one, Oladeji, from the service of Oke-Ogun Polytechnic, Saki, describing the action of the institution’s Governing Council Chairman as unlawful and a breach of due process. In a judgement, Justice Hassan Yakubu declared the query, suspension, and eventual dismissal issued on 6 July 2023...

Nigeria’s Insurance Industry Set for Transformation with NII

15.09.2025

The President of the Chartered Insurance Institute of Nigeria, Mrs. Yetunde Ilori, says the insurance industry is set for unprecedented transformation following the signing of the Nigerian Insurance Industry Reform Act. Ilori made this observation on the sidelines of the 2025 Insurance Professionals Forum, which was held in Abeokuta, Ogun State. NIIRA 2025 was signed...

AIICO Insurance Launches Nationwide Recycling Project

15.09.2025

AIICO Insurance Plc has launched an initiative designed to reduce non-biodegradable waste, promote responsible consumption, and create a workplace culture that actively supports sustainability. In a statement announcing the initiative, named ‘Recycling at AIICO Project’, the firm noted that it was part of its commitment to environmental responsibility. Launched in the fourth quarter of 2024,...

Process Intensification Crucial for Petrochemical & Gas Effi

15.09.2025

Senior Process Engineer at Fluor Corporation in Houston, Texas, Femi Olorunnaiye, has urged Nigeria to embrace process intensification for its petrochemical and gas processing industries. Olorunnaiye, who has over a decade of global experience spanning energy, petrochemical, and manufacturing operations, stressed that the technology was no longer a futuristic idea but a practical necessity for...

NUPRC Revokes Oritsemeyin Rig Licence, Warns Oil Firms

15.09.2025

An Oil and Gas Industry Consultant, Dr Maurice Ibe, says the revocation of the operating licence of Oritsemeyin Rig serves as a warning to upstream operators to strictly comply with guidelines. Ibe, who is the Group Executive Chairman of the Benham Group, made this known in an interview with the News Agency of Nigeria, Abuja,...