February 2026 – Page 29

Marine Ministry Recommits to Transparency, Accountability

26.02.2026

The Permanent Secretary, Federal Ministry of Marine and Blue Economy, Mrs Fatima Mahmood, has reaffirmed the ministry’s commitment to transparency, accountability, and operational efficiency. According to a recent statement by the Deputy Director/Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Osagie Edward, Mahmood stated this while declaring open the 6th Peer...

TeamApt & Awabah Partner for Personal Pension Plan in Nigeri

26.02.2026

TeamApt Ltd, a subsidiary of Moniepoint Inc., has partnered with Awabah, the National Pension Commission’s first licensed Accredited Pension Agent, to transform pension accessibility for millions of Nigerians in the informal economy. This was announced at the launch of Awabah’s novel agent licence in Abuja, under the theme ‘Building Financial Resilience: Securing the Future with...

Abidjan-Lagos Highway Project Gets New Governing Board

26.02.2026

The Economic Community of West African States and the African Development Bank Group held a two-day orientation and information session in Abidjan to induct the 10-member Board of Directors of the Abidjan-Lagos Corridor Management Authority. The session, held on 19 and 20 February 2026, forms part of the operational rollout of the Authority following the...

Tetracore unveils new CNG facility in Ogun State

26.02.2026

Tetracore Energy Group, through its subsidiary Tetracore CNG Solutions Limited, has opened a 60,000 Standard Cubic Metres per Day Auto Compressed Natural Gas facility in Ogun State. The development, it was said, signals a major investment in clean energy infrastructure along the busy Lagos–Ibadan industrial corridor. This was contained in a statement made available to...

KPMG appoints Tola Adeyemi as new Africa CEO

26.02.2026

KPMG has announced the appointment of Tola Adeyemi as Chief Executive Officer for KPMG in Africa, alongside the addition of Professor Olayinka David-West and George Njenga as independent members of the Africa Governance Council. Their appointments, which become effective in March 2026, strengthen the professional services firm’s leadership expertise, underscore its long‑term commitment to Africa...

Rainoil Urges FG to Entrench Fair Fuel Pricing in Nigeria

26.02.2026

The Group Managing Director of Rainoil Limited, Gabriel Ogbechie, has urged the Federal Government to entrench fair, transparent, and predictable pricing of petroleum products, warning that distortions in the emerging market structure could undermine investment and long-term stability in Nigeria’s downstream sector. A statement by the company quoted Ogbechie as making the call while speaking...

Ikeja Electric to Demolish Structures Under Power Lines

26.02.2026

Ikeja Electric Plc has warned traders, shop owners, and artisans operating under high-voltage power lines in Lagos to vacate immediately or face demolition, loss of property, and prosecution. In a public notice on the violation of right-of-way corridors, the electricity distribution company described the practice of erecting kiosks, stalls, and other structures beneath 11 kV,...

IEI Takes Insurance Education to Tejuosho Market

26.02.2026

International Energy Insurance Plc has taken its insurance awareness drive to the Tejuosho Market, one of Lagos’ busiest commercial hubs. The outreach forms part of the company’s February engagement activities themed ‘Love in Insurance’. The PUNCH reports that the initiative is designed to simplify insurance for everyday Nigerians and show how it fits into their...

Business

Offtake & FX Discipline Key

26.02.2026

The Managing Director and Chief Executive Officer of FirstCap Limited, Ukandu Ukandu, has reaffirmed that payment security remains the most decisive factor in determining whether gas and power projects in Nigeria secure financing. He shared this perspective during a panel discussion on project bankability at the 2026 SPE Lagos Energy Week. Ukandu, who spoke at...

Business

UAE-Nigeria Non-Oil Trade Expands to $7.4 Billion

26.02.2026

The Lagos Chamber of Commerce and Industry has affirmed that the United Arab Emirates is a critical investor and trading partner to Nigeria, as non-oil trade between both countries continues to expand. “The UAE–Nigeria relationship is increasingly defined by shared priorities: resilient trade, strategic infrastructure, and innovation-driven growth,” said Assistant Minister of Foreign Affairs for...