the executive director - Inside Business Africa

Sep112026 by info@insidebusinessafricang.comNo Comments

NNPC to deploy 70 self-service filling stations nationwide

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The Nigerian National Petroleum Company Limited has announced plans to deploy between 50 and 70 smart, self-service filling stations across the country within the next six months. The company said the initiative was part of a broader plan to transform its conventional retail outlets into modern energy and mobility hubs, offering petrol, electric vehicle charging, liquefied petroleum gas, compressed natural gas and other services. The Executive Vice President, Downstream, NNPC Limited, Mumuni Dagazau, disclosed this on Thursday in Abuja while speaking at the commissioning of a technology-driven service station with an electric vehicle charging facility. The mega station is located along Bill Clinton Drive, Airport Road. Dagazau said the newly commissioned station was the first of s...

Aug282026 by info@insidebusinessafricang.comNo Comments

40MW Elektron power plant nears completion in Lagos

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Elektron Energy’s 40MW embedded power plant in Lagos Island is nearing completion as the company prepares to commission the facility for businesses operating in the commercial district. The power developer disclosed this on Thursday during the Victoria Island Power Customer Experience Day, where customers and business leaders were given a tour of the project and briefed on its progress. The event provided attendees with a behind-the-scenes view of the project, including technical briefings on the 40MW power plant, the Wärtsilä engine technology powering the facility, and its development ahead of commissioning. The project is being developed in collaboration with Eko Electricity Distribution Company and under a licence from the Lagos State Electricity Regulatory Commission. Acco...

Jul232026 by info@insidebusinessafricang.comNo Comments

Human capital to shape Nigeria’s maritime future – SIFAX chair

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By Anozie Egole The Group Executive Chairman of SIFAX Group, Dr Taiwo Afolabi, has stated that Nigeria’s maritime future will be determined not merely by its natural endowments, but by its investment in human capital. According to a statement on Tuesday, Afolabi said this while speaking during the 2026 Taiwo Afolabi Annual Maritime Conference held at the University of Lagos. The event was themed, ‘Ten Tides of Impact: Raising a Generation to Position Nigeria as Africa’s Blue Giant’. Afolabi, who was represented at the event by the Group Coordinating Director, Mrs Wunmi Eniola-Jegede, called on young Nigerians to prepare themselves to lead the country’s maritime transformation. He stressed that Nigeria’s aspiration to become Africa’s blue economy powerhouse rests on dev...

Jun222026 by info@insidebusinessafricang.comNo Comments

BOI, EIB deepen support for drug manufacturers

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Fidson Healthcare Plc has commended the Bank of Industry for supporting the growth of pharmaceutical manufacturing in Nigeria through concessionary financing, following a visit by delegations from the European Investment Bank and the BoI to its manufacturing facility in Sango-Ota, Ogun State. The visit formed part of the implementation of the €50m healthcare financing partnership recently signed between EIB Global and the BoI to support local production of medicines, vaccines, diagnostics and other healthcare products in Nigeria. The financing programme is aimed at strengthening healthcare manufacturing and improving access to long-term funding for operators in the sector. Speaking on behalf of the Managing Director and Chief Executive Officer of the Bank of Industry, Dr Olasupo O...

May252026 by info@insidebusinessafricang.comNo Comments

NMDPRA enforces 3% host community fund contributions

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority has intensified efforts to enforce the Host Community Development Trust framework under the Petroleum Industry Act 2021, ordering operators and licensees in the sector to comply with the mandatory three per cent annual contribution to host community funds, with the introduction of a digital portal aimed at improving transparency and accountability. The NMDPRA disclosed this recently during a Stakeholder Sensitisation Workshop on the implementation of the HCDT framework and the operationalisation of the HCDT Digital Portal held in Port Harcourt. The Host Communities Development Trust is a framework mandated by Nigeria’s Petroleum Industry Act 2021 to ensure direct social, environmental, and economic benefits for petr...

Jan232026 by info@insidebusinessafricang.comNo Comments

Housing Devt Advocacy Network To Name, Shame Fraudulent Real Estate Developers

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The Housing Development Advocacy Network (HDAN) has announced plans to publicly expose fraudulent real estate developers as part of a new initiative to curb unethical practices in Nigeria’s housing sector. The organisation said the move followed rising complaints from Nigerians at home and in the diaspora who have lost money to fake property allocations, multiple sales of the same property, non-delivery of housing projects, and outright scams disguised as legitimate real estate investments. The executive director, HDAN, Festus Adebayo, disclosed that it has entered into a strategic partnership with security agencies and reputable media organisations to confront the growing incidence of fraud in the real estate industry. Housing Development Advocacy Network said the collaboration i...

Jun192025 by info@insidebusinessafricang.comNo Comments

TCN Unveils Performance Improvement Plan/Power Sector Recovery Programme Committee

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The Transmission Company of Nigeria (TCN) has officially inaugurated its Performance Improvement Plan/Power Sector Recovery Operation (PIP/PSRO) Committee, effective from June 17, 2025. The Performance Improvement Plan/Power Sector Recovery Operation(PIP/PSRO) program is an Order and a critical component designed by the Nigerian Electricity Regulatory Commission (NERC) to enhance the operational efficiency and financial sustainability of the power sector, in which TCN is a significant player. It aims to identify and mitigate operational bottlenecks within the transmission network, enhance the reliability of electricity transmission, and reduce system losses. This can be achieved through improved maintenance practices, infrastructure upgrades, and better operational protocols. During ...