Author: Ogochukwu Ndubuisi

Osagie Okunbor Retires as Shell Nigeria Country Chair After 39 Years of Service Shell Nigeria is celebrating the retirement of its Country Chair, Osagie Okunbor, after an illustrious 39-year career. Industry stakeholders, government officials, and CEOs of oil companies gathered in Abuja on June 24, 2025, to honour Okunbor’s remarkable contributions to Nigeria’s oil and gas sector. Okunbor, who joined Shell in 1986, has played pivotal roles in shaping the industry, particularly in Nigerian content, Deep-water, and Integrated Gas investments. Executive Vice President Nigeria, Marno de Jong, praised Okunbor’s leadership and relational skills, stating that he will be deeply missed.…

Nigeria, Brazil Ink $1bn Deal to Boost Food Security Nigeria and Brazil have signed a $1 billion Memorandum of Understanding (MoU) aimed at boosting food production in Nigeria through an agricultural mechanisation initiative during Brazil’s Vice president Geraldo Alckmins’s three-day state visit to Nigeria. The vice president Kashim Shettima welcomed the Brazil’s Vice president and his delegation to Nigeria marking a significant step in deepening bilateral ties between the two countries. The deal is part of a broader effort to deepen bilateral ties between the two countries, with over 30 MoUs expected to be signed across strategic sectors. These include…

NUPCPS Urges NASS to Approve N758 bn Treasury Bond The National Chairman of the Nigeria Union of Pensioners Contributory Pension Scheme Sector (NUPCPS), Mr Sylva Nwaiwu, has urged the National Assembly to approve the implementation of the N758 billion Treasury bond. Nwaiwu made the call during at the union’s National Conference in Abuja on Tuesday. He commended President Bola Tinubu for the approval of the N758 billion Treasury Bond by the Federal Executive Council (FEC) in February. Nwaiwu said that it was to settle all government liabilities to the Contributory Pension Scheme (CPS) retirees for over 20 years. “The leadership…

Edo Assembly Approves N100bn Loan for Okpebholo’s Infrastructure Projects The Edo House of Assembly has approved a N100 billion loan for Governor Monday Okpebholo to carry out infrastructural development across the state. The loan facility is to be sourced from First Bank Nigeria Plc and will support contractors’ financing for various infrastructure projects in Edo. The lawmakers unanimously supported the request, stating that it will help complete all ongoing infrastructure projects in the state. The House Speaker, Blessing Agbebaku, directed the Clerk to forward clean copies of the resolution approving the request to the governor for immediate implementation. This development…

Wale Edun, Minister of the Federal Ministry of Finance, has outlined a clear roadmap for investment-led growth, aimed at driving economic development and delivering tangible benefits to Nigerians.

Trump Announces Iran-Israel Ceasefire, Iran Cautious U.S. President Donald Trump has announced that Iran and Israel have agreed to a ceasefire after cloae to two weeks of violent conflict between the two countries. Trump took to his Truth Social on Monday evening to announce that both countries had agreed to a “complete and total ceasefire”. According to him, the ceasefire agreement is expected to take effect at 12 midnight local time but both Iran and Israel are yet to confirm any definite ceasefire agreement. However, Iran said its military operations “to punish Israel for its aggression continued until the very…

U.S. Embassy in Qatar Advises Americans to Stay Indoors The U.S. Embassy in Qatar on Monday recommended Americans to stay indoors until further notice for safety reasons amid the Israel-Iran conflict. “Out of an abundance of caution we recommend American citizens shelter in place until further notice,’’ the advisory said during the event. The advisory came after the U.S. strikes against three Iranian nuclear sites in Natanz, Fordo and Isfahan in the early hours of Sunday. U.S. President Donald Trump said after the attack that Tehran “must now agree to end this war’’ or face far more serious consequences. Iranian…

NPA Targets N1.28trn Revenue in 2025 The Nigerian Ports Authority (NPA) has set a revenue generation target of ₦1.28 trillion for 2025, representing a 40% increase from the ₦894.8 billion realised in 2024. NPA’s Managing Director, Abubakar Dantsoho, disclosed this during the 2025 budget defence session at the House of Representatives Committee on Ports and Harbours in Abuja. Dantsoho attributed the projected revenue to various sources, including ship dues (₦544.06 billion), cargo dues (₦413.06 billion), concession fees (₦249.69 billion), and administrative revenue (₦73.07 billion). He noted that the 2025 budget reflects NPA’s aspirations for a more efficient and globally competitive…

FAAN to Increase Tariffs, Scraps Cash Payments at Airports The Federal Airports Authority of Nigeria (FAAN) has announced plans to increase tariffs for all service providers across its airports. As part of its efforts to boost revenue generation, FAAN will also transition to an automated and contactless payment system, discontinuing cash payments at all payment points. According to Adebola Joy Agunbiade, Director of Commercial and Business Development at FAAN, the authority currently generates 92% of its revenue from aeronautical sources, while only 8% comes from non-aeronautical sources. She noted that this is in contrast to developed countries, which generate over…

Nigeria to Roll Out NIN-Linked Credit System for Enhanced Credit Evaluation The Nigerian government is launching a unified national credit system that links individuals’ credit scores to their National Identification Numbers (NIN). This initiative aims to promote transparency and accountability in the lending ecosystem, making it easier for financial institutions to assess creditworthiness and increasing access to loans for Nigerians. The system will enable financial institutions to access comprehensive and traceable credit profiles of customers seeking loans. Starting in July, eligible Nigerians can access up to ₦2 million in interest-free loans, in addition to other financing options at low, single-digit…