Author: Ogochukwu Ndubuisi

NCC Advances Cybersecurity Framework to Safeguard Telecom Infrastructure The Nigerian Communications Commission (NCC) is firming up a cybersecurity framework for securing digital infrastructure and enhancing online safety for consumers in the Nigerian communications industry. The framework, with likely implementation timeline by telecom licensees set for 2026, will address security challenges arising from the emerging technologies towards creating a more secure digital economy in Nigeria. During the second phase of the cybersecurity framework development meeting with relevant stakeholders, hosted by the Commission in Abuja on Wednesday, following the initial meeting held earlier in the year, NCC’s Executive Commissioner, Technical Services (ECTS),…

Nigeria’s Maritime Sector Gaining Global Recognition   The Minister of Marine and Blue Economy, Adegboyega Oyetola, has stated that Nigeria’s maritime sector continues to gain international recognition by producing credible and visionary representatives. Oyetola said this while congratulating Dr Abubakar Dantsoho, Managing Director of the Nigerian Ports Authority (NPA), on his recent election as Vice President of the International Association for Ports and Harbours (IAPH). In a statement issued on Wednesday in Abuja by his Special Adviser on Media and Communications, Dr Bolaji Akinola, the minister described Dantsoho’s election as a commendable achievement. The IAPH is a global organisation that…

SEREC Urges FG to Reduce Operating Agencies in Nigerian Ports The Sea Empowerment and Research Centre (SEREC), has urged the Federal Government to streamline agencies operating in ports across the country for efficiency and proper port management. Mr Eugene Nweke, Head Researcher of SEREC, said this in an interview with the News men on Wednesday in Abuja. Nweke called for improved surveillance and security on Nigeria’s waterways and surrounding areas to promote and attract investments and Public-Private Partnerships. “To revamp eastern ports and promote economic growth the government must invest in Infrastructure; upgrade ports, roads, and rail linkages. “Poor access…

ASUU Rejects FG’s Loan Scheme for Lecturers, Others University of Jos Chapter of the Academic Staff Union of Universities (ASUU), has rejected the Federal Government’s loan scheme for university lecturers and other workers in tertiary institutions. Prof. Jurbe Molwus, the chairman of the union in the university, said this during a press conference on Tuesday in Jos. The Federal Government had about two weeks ago announced the Tertiary Institutions Staff Support Fund. The move, according to government, is a welfare and empowerment initiative for academic and non-academic staff in Nigeria’s tertiary institutions. The Minister of Education, Dr Tunji Alausa, said…

Miden Systems Sues Sterling Bank Over Alleged Fraudulent Deductions Miden Systems Limited has dragged Sterling Bank Limited and its management staff to court over alleged conspiracy, fraudulent practices, forgery, criminal breach of trust, and misappropriation of funds. The company, which provides engineering, maritime, and consultancy services, maintains a corporate account with the bank. The case was filed before Magistrate Njideka  Duru of the Chief Magistrate’s Court, sitting in Wuse Zone II, Abuja. The complainant alleged that the bank through its Chief Executive Officer and Sterling Financial Holdings Company Plc and four other defendants committed the alleged offences. The matter, which…

Renaissance Energy Joins International Oil & Gas Standards Association Renaissance Africa Energy Company Limited at the weekend joined the International Association of Oil & Gas Producers (IOGP). Renaissance, a consortium of indigenous energy firms that acquired onshore and shallow water oil blocks hitherto operated by Shell Petroleum Development Company became the third Nigerian company and the fourth in Africa to be welcomed into the global association. A statement issued on Monday by Mr Michael Adande, Spokesperson for Renaissance noted that the development was announced in London by IOGP. IOGP is an organisation of oil and gas companies and associations that…

Afriland Properties Pays N178.6m Interim Dividend to Shareholders Afriland Properties Plc has paid an interim dividend of 13 kobo per share, amounting to N178.6 million, to its shareholders for the half-year ended June 30. Speaking on the development, Mr Emmanuel Nnorom, Chairman of the Board, said, “The interim dividend underscores our board’s confidence in Afriland’s strategy and financial resilience.” Also commenting, Mr Azubike Emodi, Managing Director of Afriland Properties, spoke on the company’s commitment to delivering sustainable value to investors. He said, “This payout demonstrates the effectiveness of our business model and our commitment to consistently turning performance into real…

Nigeria Nears 100% Oil Production – Bayo Ojulari The Nigerian National Petroleum Company Limited (NNPCL) says it is attaining close to 100 per cent crude oil production capacity following strengthened collaboration with security and intelligence agencies. The Group Chief Executive Officer of NNPC Ltd, Mr Bayo Ojulari, made this known at the opening of the maiden African Chiefs of Defence Staff Summit, on Monday in Abuja. Ojulari said the turnaround was a product of deliberate and sustained partnership between the oil and gas industry and the Nigerian defence and security institutions. “Not too long ago, our crude oil receipts through…

Coronation Infrastructure Fund Debuts on NGX Coronation Infrastructure Fund (CIF) has been officially listed on the main board of the Nigerian Exchange Ltd. (NGX). The fund is managed by Coronation Asset Management Ltd., a subsidiary of Coronation Group. ​Aigbovbioise Aig-Imoukhuede, Chief Executive Officer of Coronation Asset Management, announced the listing in a statement on Monday in Lagos. He stated that the N8.79 billion listing, comprising 87.9 million units at N100 per unit, positions the Coronation Infrastructure Fund as a category-defining product in Nigeria’s capital market. ​Aig-Imoukhuede said that for investors seeking long-term exposure to infrastructure-led growth, CIF offers a compelling…

AfDB, AfCFTA, Africa50 Partner to Accelerate Regional Integration, Digital Trade The African Development Bank (AfDB), the African Continental Free Trade Area (AfCFTA) Secretariat and Africa50 have signed a Memorandum of Understanding (MoU) to accelerate regional integration and promote digital trade across Africa. The AfDB in a statement on its website said the tripartite pact was sealed at the Africa50 General Shareholders Meeting in Maputo. It said the partnership would ensure cooperation in designing, constructing and maintaining critical infrastructure projects that would boost intra-African trade and unlock the full potential of the AfCFTA. Solomon Quaynor, AfDB’s Vice President for Private Sector,…