The Group of Seven (G7) advanced economies has agreed to release up to 100 million barrels of crude oil and diesel from strategic reserves over the next four months, in a coordinated effort to ease mounting pressure on global fuel prices. The move, which begins immediately, includes a substantial release of diesel within the first 20 days, with further releases possible if supply pressures persist. G7 leaders announced the decision following a meeting chaired by French President Emmanuel Macron and coordinated through the International Energy Agency (IEA). The G7 comprises the United States, United Kingdom, Canada, Japan, Germany, Italy and…
Author: Elvis Eromosele
Africa’s growing youth population will not automatically translate into economic growth unless young people have greater opportunities to develop and apply their skills across the continent, Yasamin Alttahir, Director of Global Marketing, Communications and External Affairs at The King’s Trust International, has said. Speaking at the Africa Business Convention 2026, Alttahir said the continent must look beyond the size of its youthful population and build systems that enable young people to participate meaningfully in economic activity. “Demography alone is not growth. Having a whole bunch of young people is not going to immediately result in growth, and that is a…
The Nigeria LNG Limited (NLNG) has pledged to deepen its partnership with Coleman Technical Industries Limited, with a focus on expanding local manufacturing capacity and developing Nigerian content. Adeleye Falade, Managing Director and Chief Executive Officer of NLNG, made the commitment during a tour of Coleman’s manufacturing facilities in Sagamu and Arepo, Ogun State. Falade expressed surprise at the scale of Coleman’s operations, its investment in machinery and equipment, and the professionalism of its workforce. Describing the experience as “mind-blowing,” the NLNG chief said the facilities demonstrated what Nigerian businesses could achieve through sustained investment, innovation and commitment. “I’m not…
The Bank of Agriculture (BOA) has partnered with the All-Farmers Association of Nigeria (AFAN) to expand access to financing for 400,000 farmers preparing for the 2026 dry-season farming cycle. The initiative is designed to support year-round agricultural production, improve farmers’ incomes and strengthen the supply of locally produced food to Nigerian households. The partnership is being implemented under BOA’s Renewed Hope Smallholder Support and Value Chain Fund (RH-SSVCF), through which the bank is building a pipeline of farmers actively engaged in production and requiring financing to sustain or expand their operations during the dry season. Beyond agricultural inputs, the financing…
Agbara Nla: The Return has generated more than N71 million at the West African box office from preview screenings, setting multiple records ahead of its official nationwide cinema release on October 2, 2026. The faith-based movie sold more than 12,000 tickets during its previews, recording the biggest single-day preview gross in West Africa and the highest preview admissions for a film in 2026, according to Nile Entertainment and Nigerian box office data. The performance means the movie entered its official theatrical run with more than N71 million already generated at the box office. The film is a sequel to the…
The Federal Government is seeking deeper private-sector participation in Nigeria’s space industry as it moves to expand the country’s space economy and strengthen its position in the global space sector. Prof. Matthew Adepoju, Director-General and Chief Executive of the National Space Research and Development Agency (NASRDA), made this known when he received a delegation from STUPH CHAIN LLC during a courtesy visit to the agency’s headquarters in Abuja. Adepoju, who was represented by Dr Felix Ale, NASRDA’s Director of Media and Corporate Communications, said collaboration with private-sector players was critical to advancing Nigeria’s space ambitions. He commended STUPH CHAIN for…
Nigeria’s pension fund assets under management rose by N3.8 trillion in the first eight months of 2026, reaching a record N31.8 trillion as of August 31, according to data from the National Pension Commission (PenCom). The latest unaudited figures show that pension assets increased from N28.04 trillion in January to N31.8 trillion in August, representing a 13.41 per cent year-to-date increase. The growth underscores the continued expansion of Nigeria’s contributory pension industry, despite persistent macroeconomic pressures. On a month-on-month basis, pension assets increased by N289.4 billion, or 0.92 per cent, from N31.5 trillion recorded at the end of July. PenCom’s…
Rt. Hon. Sheriff Oborevwori, Delta State Governor, has mourned the death of Chief Mike Adiotomre, a prominent elder statesman and political leader from Ovu-Inland in Ethiope East Local Government Area, who died at the age of 88. In a condolence message signed by Sir Festus Ahon, his Chief Press Secretary, the governor described Adiotomre as an institution of knowledge, wisdom and experience whose contributions to public service, politics and peace-building left a lasting legacy in Delta State. Oborevwori said the late elder was more than a political leader, describing him as a father figure and a source of guidance to…
MTN Nigeria is set to celebrate its customers as the telecoms company marks its annual Customer Service Week from Monday, October 5, to Friday, October 9, 2026. The week-long celebration is part of the company’s efforts to strengthen customer relationships, appreciate subscribers and reinforce its commitment to service excellence. In a statement announcing the activities, MTN Nigeria said customers had remained central to its journey over the past 25 years and would be at the heart of this year’s celebration. “For 25 years, you’ve been at the heart of our journey, and this Customer Service Week, we’re celebrating you,” the…
The Public Relations Consultants Association of Nigeria (PRCAN) has officially announced the commencement of the Public Relations Consultancy Practice Code (PRCPC) 2026, marking a major regulatory milestone designed to protect client investments, standardise agency-client engagements, and enforce strict professional accountability across the industry. Formally adopted on September 11, 2026 by the PRCAN Executive Committee, under the statutory authority of NIPR Bye-Law No. 3 of 1993 (as amended in 2026), the new Code establishes an operational framework for public relations consultancies. For corporate decision-makers, marketing directors, and procurement leaders, the Code introduces clear operational standards that safeguard client interests and eliminate…