April 2026 – Page 31

GenCo Backs Nigeria’s N3.3tn Power Debt Settlement Plan

09.04.2026

First Independent Power Limited has confirmed its support for the Federal Government’s N3.3tn power sector debt settlement, describing the Presidential Power Sector Financial Reforms Programme as a key step toward restoring stability and confidence in Nigeria’s electricity sector. In a statement issued on Tuesday, the company said it had joined the programme and executed the...

SEEPCO supports free eye care in Delta for residents

09.04.2026

Residents of Delta State have received free cataract surgeries through a programme run by Vcare for Development Foundation at Central Hospital Kwale, supported by Sterling Exploration and Energy Production Company Limited. In a statement, SEEPCO said VCDF performed its first surgeries, targeting patients from Ndokwa East and Ndokwa West. The programme, it was learnt, follows...

CFAO & Motul open Ibadan station for genuine lubricants

09.04.2026

Motul, a high-performance lubricant distributed by CFAO Mobility, has strengthened its footprint in Nigeria with the commissioning of the Energy Switch Mega Station in Boluwaji, Ibadan, Oyo State. In a statement on Wednesday, the firm stated that the newly opened station, supported and visibly branded by Motul by CFAO, is set to redefine access to...

OPS urges Tinubu to halt proposed beverage levy bill

09.04.2026

The Organised Private Sector of Nigeria has urged President Bola Tinubu to intervene and halt the passage of the proposed Customs, Excise and Tariff Amendment Bill, warning that a new levy on non-alcoholic beverages will worsen production costs and threaten jobs. The OPS, comprising the Manufacturers Association of Nigeria, the Nigerian Association of Chambers of...

Ogun strengthens investment with new industrial park

09.04.2026

The Governor of Ogun State, Dapo Abiodun, has said that his administration will spare no effort to support the private sector in consolidating the industrialisation drive and job creation for Nigeria’s growing population. Abiodun, who was represented by the Commissioner for Works, Ade Akinsanya, stated this on Tuesday while unveiling the ATC Business and Industrial...

IMION Unveils Training on Nigeria’s Blue Economy Policy

09.04.2026

The International Maritime Institute of Nigeria, established by the Nigerian Navy, has announced a three-day executive programme on Nigeria’s blue economy policy. In a statement on Wednesday, the institute said the training is bringing together a distinguished faculty of experts led by a renowned academician, Prof Comfort Etok; a former Director-General of the Nigerian Maritime...

Nigerian Banking Sector Faces Rising Cyber Threats

09.04.2026

Stakeholders in Nigeria’s banking industry have called for urgent adaptation to emerging technology and governance risks, as the Association of Chief Audit Executives of Banks in Nigeria convened its 2026 Annual Retreat, Conference, and General Meeting in Lagos. In a statement from the association on Wednesday, it stated that the two-day event brought together chief...

A lifeline for Nigeria’s housing

09.04.2026

Nigeria’s housing sector sits between opportunity and deep deficit, reflecting a persistent development challenge. With millions of units lacking, demand for innovative financing is urgent. Diaspora remittances worth billions present a largely untapped pool that could transform housing delivery and unlock sustainable growth across the economy if properly harnessed nationwide, PRINCESS ETUK reports Nigeria’s housing...

SROL Backs Youth Empowerment Through Sports Tournament

09.04.2026

Segilola Resources Operating Limited, operator of Nigeria’s first large-scale gold mine, has concluded the fifth edition of its annual football tournament in Osun State, bringing together host communities in a celebration of grassroots sports, unity, and youth development. The competition, a key component of SROL’s corporate social responsibility initiatives, featured male and female teams competing...

Edo Urged to Establish Power Regulator for Economic Growth

09.04.2026

A call has been made to the Governor of Edo State, Monday Okpebholo, to urgently constitute the Edo State Electricity Regulatory Commission, as the move is critical to breaking the electricity monopoly and attracting investment into the state’s power sector. The Lead Consultant on power to the Nigeria Governors’ Forum, Odion Omonfoman, made the call...