March 2026 – Page 59

Nigeria’s capital importation hits $6.44bn, UK leads

26.03.2026

Nigeria’s capital importation rose to $6.44bn in the fourth quarter of 2025, with the United Kingdom emerging as the leading source of inflows, underscoring renewed foreign investor interest in the country’s financial markets. Latest data from the National Bureau of Statistics showed that the figure represents a 26.61 per cent increase from the $5.09bn recorded...

Nigeria speeds approvals to revive dormant oil wells

26.03.2026

The Federal Government has significantly reduced the time required to approve applications for the reactivation of idle oil wells, cutting the process from weeks to a matter of hours in a bid to boost crude oil production and take advantage of rising global energy prices. The move, being driven by the Nigerian Upstream Petroleum Regulatory...

Agencies Warn Against Tampering with Aviation Crash Evidence

26.03.2026

The Nigerian Safety Investigation Bureau and the Nigeria Civil Aviation Authority have raised fresh concerns over the distortion and loss of critical evidence following aviation incidents, warning that such practices could undermine safety and hinder efforts to prevent future crashes. Speaking on Wednesday in Lagos at an Aviation Stakeholder Engagement Workshop themed “Preservation of Accident...

TCN explains low power allocation causing Nigerian outages

26.03.2026

The Transmission Company of Nigeria has explained the reasons for the current low power allocation to the distribution companies, leading to outages across the country. As Nigerians continue to grapple with widespread power outages blamed on gas constraints and infrastructure challenges, the TCN blamed multiple factors for low allocation, including generation companies’ output and requests...

Govt finalises Nigeria AI policy, seeks legislative backing

26.03.2026

The government-backed National Artificial Intelligence Strategy will be submitted to the National Assembly for approval within weeks, signalling a major push to formalise AI governance in Africa’s largest economy, Minister of Communications, Innovation and Digital Economy, Bosun Tijani, said on Wednesday. The strategy, no longer in draft form, was finalised after consultations with government agencies,...

SEC’s Agama wins IOSCO re-election for vice chair

26.03.2026

The Securities and Exchange Commission Nigeria has announced the re-election of its director-general, Emomotimi Agama, as the Vice Chair of the Africa/Middle East Regional Committee of the International Organization of Securities Commissions. The appointment, confirmed for a second term spanning 2026–2028, solidifies Nigeria’s influence within the global standard setters for the securities industry. According to...

Babcock Tech Week 2026 to Spotlight Student Innovation

26.03.2026

Babcock University is set to host the 2026 edition of Babcock Tech Week, an annual programme aimed at promoting student innovation, cross-disciplinary collaboration, and stronger engagement between academia and industry. The week-long event, scheduled to be held from 22 to 28 March 2026, is themed ‘Tethered: Connected Across Disciplines’, reflecting a growing emphasis on collaboration...

LG introduces smart dehumidifier to the Nigerian market

26.03.2026

LG Electronics on Tuesday launched its Smart Dehumidifier in Nigeria, targeting rising indoor humidity levels that are affecting homes, offices, and commercial spaces, particularly during the rainy season and in coastal cities. The product is designed to create healthier, drier, and more comfortable indoor environments while protecting furniture, fabrics, and air quality. The launch, part...

A Viable Solution for Nigeria’s Energy Crisis

26.03.2026

Biogas production can offer a viable solution to Nigeria’s persistent energy challenges, as a mechanical engineer and researcher, Dr Moses Fajobi, has stressed that an adequate energy supply remains central to sustainable development. In a statement, Fajobi said the country must adopt biogas technology to drive growth across sectors, noting that the current energy mix...

S’East APC Elects Arodiogbu, Oby Ajih, 6 Others As Zonal Exco

26.03.2026

…Mbah: Hitch-free congress reinforces our unity, resolve to return Tinubu The All Progressives Congress (APC), South East Zone, has successfully concluded the zonal congress of the party, with an eight-member zonal executive emerging by consensus. The zonal congress, which was held on Wednesday at the newly revamped Hotel Presidential, Enugu, witnessed a mammoth turnout of...