Author: Olu Anisere

Mansard Insurance Plc, a member of the AXA Group, has introduced a digital motor insurance inspection solution designed to make vehicle inspection faster and more convenient for Nigerians.

Seplat Energy Names Tony Elumelu Non-Executive Director Seplat Energy Plc has announced the appointment of Mr Tony Elumelu, as a Non-Executive Director on its Board, with effect from Jan. 22. The company disclosed this in a statement by its Director, Legal and Company Secretary, Mrs Edith Onwuchekwa on Thursday. The board also announced the resignation of Mr Olivier Cleret De Langavant as a Non-Executive Director, effective Jan. 22. Seplat Energy expressed appreciation for Langavant’s contributions and welcomed Elumelu to the Board. Mr Udoma Udo Udoma, Chairman of Seplat Energy, commented, “On behalf of the Board and Management, I wish to…

Managing Director of Financial Derivatives Company, Mr Bismarck Rewane, has projected a cautious but opportunity-laden economic outlook for Nigeria in 2026.

NAPTIN Sets to Train 4,000 Meter Installers -MD Says The National Power Training Institute of Nigeria (NAPTIN) says it plans to start the training of 4000 meter installers in the first quarter of 2026 in collaboration with the Presidential Metering initiative. The Managing Director of NAPTIN, Alhaji Ahmed Nagode, said this at a stakeholders’ engagement meeting with the Nigerian Electricity Supply Industry (NESI) in Abuja on Thursday. The meeting, with the theme ”Building Skilled Manpower for a Sustainable Power Sector”, was on enhancing vocational training delivery for the power sector in Nigeria, Nagode said that NAPTIN was working with the…

NCC Licenses New Internet Service Providers The Nigerian Communications Commission (NCC) has licensed six new Internet Service Providers (ISPs), pushing the total number of authorised ISPs in the country from 224 in December 2025 to 231. Each of the new operators has been granted a five-year licence, running from January 1, 2026, to December 31, 2030, according to updated data from the regulator. Most of the new entrants are clustered where business activity is highest. Five are based in Lagos, while Abuja and Imo State picked up one each. The newly licensed companies include Amazon Kuiper Nigeria Limited, Boost ISP,…

Ripple (XRPUSD) climbed by about 2% on Thursday, trading at $1.93 amidst volume fluctuation following announcement of major banking partnership and stablecoin listing.

Oil Prices Drop after Trump’s Framework for Greenland Deal Oil prices dropped on Thursday as pressure eased in the global commodity market after the US announced a framework for a Greenland deal in Davos and ‘golden dome’ talks. Prices of crude spiked significantly with the US trade threat against major allies and the economic retaliatory plan that plunged the dollar index. The markets face imbalance between oil demand and supply. Brent crude traded at $64.58 per barrel, down around 0.2% from the previous close of $64.70. US benchmark West Texas Intermediate (WTI) was at $60.55 per barrel, down about 0.1%…

The financial system liquidity has been plunged into negative following a huge OMO bills auction settlement, and absence of significant inflows to weather the storm.

US Threat of Greenland Tariffs Raises European Geopolitical Risks The threat of Greenland-related US tariffs on European allies and European retaliatory measures will be subject to intense discussions, and implementation remains highly uncertain. Fitch Ratings said it signifies a serious upsurge in transatlantic tensions, increasing pressure in Europe to raise defence spending, posing risks to trade and growth, and weakening deterrence against future Russian aggression. US President Donald Trump threatened on 17 January a 10% tariff on Denmark and seven other European countries. The tariffs, which Fitch Ratings assumes would be levied in addition to existing tariffs, would take effect…

IEA Raises Global Oil Demand Growth Forecast The International Energy Agency (IEA) has revised up its forecast for global oil demand this year by 69,000 barrels per day (bpd). Global oil demand is now expected to rise by around 932,000 bpd in 2026 compared to last year, reaching 104.98 million bpd, according to the IEA’s January Oil Market Report on Wednesday. The previous report had projected an increase of about 863,000 bpd to 104.79 million bpd. IEA said the upward revision reflects a normalisation of economic conditions after last year’s tariff turmoil that impacted consumption levels, especially for petrochemicals. “Oil…