by George Ozalla The African Export-Import Bank (Afreximbank) has approved a $100 million receivables discounting facility for Bahamas Striping Group of Companies Ltd to support road construction and rehabilitation projects across the Bahamas.The financing, announced in Nassau on February 11, 2026, is expected to fund the rehabilitation and construction of more than 320 kilometres of […]
SEDC Summit Opens in Enugu as Region Charts Path to Shared Prosperity
Special News Report By Chukwudi George Ozalla Enugu State became the centre of decisive regional development on Tuesday 3rd February 2026 as the South East Development Commission Vision 2050 Stakeholders’ Summit opened at the International Conference Centre. Policymakers, technocrats, politicians, academia, business leaders, cultural and entertainment figures, civil society actors, international guests, and development partners […]
NCC Board, Sanwo-Olu Deepen Ties to Boost Lagos Telecoms
by George Ozalla The Board of the Nigerian Communications Commission NCC, led by Chairman Idris Olorunnimbe, has renewed its strategic engagement with the Lagos State Government following a courtesy visit to Governor Babajide Sanwo-Olu in Lagos. The meeting underscored a mutual commitment to deepening collaboration on critical issues affecting the telecommunications sector, particularly those impacting […]
NCC Moves to Impose N12.4bn Penalty on Telecom Operators Over Poor Service Quality
by George Ozalla The Nigerian Communications Commission (NCC) is preparing to levy potential penalties totalling about N12.4 billion on major telecommunications operators for widespread breaches of network quality standards, intensifying regulatory enforcement amid persistent consumer complaints and service shortfalls.The regulator said pre‑enforcement notices have been issued to affected companies as cases progress through internal processes, […]
Access Bank Faces Fresh Allegations Over ₦494.9m Shareholding Loss Claim
by George Ozalla Fresh and detailed allegations have surfaced against Access Bank Plc over an alleged 2002 boardroom action that the family of the late Paul Adedoyin Odunaiya claims led to the loss of shares, dividends and profits now valued at ₦494,913,658.35.Petitions, correspondence and supporting documents obtained by journalists indicate that the dispute dates back […]
NCC Licenses New Internet Service Providers, Expands Satellite Broadband in Nigeria
by George Ozalla The Nigerian Communications Commission has issued new operating licences to six Internet Service Providers as part of efforts to strengthen competition, expand broadband access, and accelerate digital inclusion across Nigeria. The licences, effective from January 1, 2026, increase the number of authorised ISPs in the country to 231, up from 225 at […]
Nestoil, Neconde Supreme Court Ruling Deepens Focus on Legal Representation in Multi‑Billion Dollar Debt Dispute
by George Ozalla The Supreme Court has directed that the long-running debt dispute involving oil services group Nestoil Limited and its affiliate Neconde Energy Limited return to the Court of Appeal for review of legal representation, following procedural concerns raised in the case. The ruling comes after years of litigation over approximately $2 billion owed […]
Oranto Petroleum Rejects Senegal Government’s Claims Over Offshore Licence Revocation
by George Ozalla Oranto Petroleum has issued a firm rebuttal to what it described as a false narrative by the Government of Senegal over the revocation of its St Louis and Cayar offshore exploration licences, insisting that it complied with contractual obligations and invested substantially in Senegal’s hydrocarbon sector. The response was contained in a […]
NCAA Appoints New Director of Aerodrome and Airspace Standards
by George Ozalla Alhaji Ahmad Abba has assumed office as the new Director of Aerodrome and Airspace Standards at the Nigeria Civil Aviation Authority following a minor redeployment approved by the Minister of Aviation and Aerospace Development, Festus Keyamo.The redeployment also saw the former Director of Aerodrome and Airspace Standards, Engr Godwin Balang, moved to […]
NCS Begins Penalizing Banks for Delayed Revenue Remittance
by George Ozalla The Nigeria Customs Service (NCS) has begun enforcing penalties against designated banks that fail to remit collected Customs revenue within agreed timelines, following reconciliations of transactions processed through the B’odogwu platform. According to a press release signed by Abdullahi Maiwada, Deputy Comptroller of Customs and National Public Relations Officer, such delays breach […]
