The Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR) has officially unveiled the 2026 edition of Lagos PRFest, a flagship event designed to celebrate excellence in public relations, promote professional development and reinforce the role of strategic communication in nation-building. The unveiling took place during the Chapter’s Monthly Meeting/PR Clinic held on Thursday, June 4, 2026, at the Eko FM Multipurpose Hall, Agidingbi, Ikeja, Lagos. Speaking at the unveiling, Dr Samuel Ayetutu, PhD, fnipr, Chairman of the Lagos State Chapter of NIPR, described PRFest as one of the chapter’s most significant professional initiatives aimed at bringing together…
Author: Elvis Eromosele
Agile Robots, the Munich-based AI robotics company backed by SoftBank, is making significant strides in the industrial robotics sector, positioning itself as one of Europe’s leading players in the emerging “Physical AI” revolution. The company, which became one of Europe’s first robotics unicorns in 2021 after SoftBank’s Vision Fund 2 led a $220 million Series C funding round, has been especially active this year. In 2026, Agile Robots unveiled its industrial humanoid robot Agile ONE, designed to collaborate safely alongside humans in factories and complex industrial settings. The company also announced a strategic partnership with Google DeepMind to enhance robotic…
The Nigerian Communications Commission (NCC) has released a draft regulatory framework aimed at protecting smaller telecommunications operators from anti-competitive practices and ensuring the long-term sustainability of Nigeria’s telecoms industry. The proposed Business Rules for Mobile Virtual Network Operators (MVNOs) are designed to prevent dominant Mobile Network Operators (MNOs) from using predatory pricing, operational bottlenecks, or other practices that could disadvantage smaller operators and virtual network providers. According to the Commission, the draft regulations seek to create a level playing field for all industry participants, promote fair competition, strengthen operational standards, and accelerate growth across the telecommunications ecosystem. The NCC said the initiative…
Trust me, running a business in Nigeria today is not for the faint of heart. One wakes up every day thinking about diesel, electricity, salaries, rent, taxes, exchange rates, and the next client who wants premium work with a 50 per cent discount. Diesel has gone up so sharply it now deserves its own seat on the management team. Power is as reliable as a politician’s promise, so you cannot run a serious business without a generator, inverter, batteries, solar, or all four praying in shifts. Add it up, and you wonder whether you are running a company or moonlighting…
Prof. Barth Nnaji, former Minister of Power and Chairman of Geometric Power, has been confirmed as the Special Guest of Honour at the SUPERNEWS Conference and 10th Anniversary Celebration scheduled for July 7, 2026, in Lagos. The conference, themed “Local Content and Digitisation: Building Synergy Between the Oil & Gas and Insurance Sectors for Inclusive Growth,” will hold at the Oriental Hotel, Victoria Island, Lagos, from 10:00 a.m. The event is expected to bring together key stakeholders from the oil and gas, insurance and financial services sectors, including regulators, industry leaders, operators, civil society organisations, media professionals and students, to…
Nigeria’s transport, logistics and supply chain sector has grown to a market value of more than $2.3 billion, driven by infrastructure investments, expanding e-commerce activities and improving cross-border trade relations, industry experts have said. The sector, which was valued at about $2 billion as of December 2024, has recorded steady growth and is projected to reach $3 billion by 2029. Dr. Ganiyu Olaogun, a transport and logistics expert, attributed the growth to ongoing investments in critical infrastructure and the increasing adoption of technology across the supply chain ecosystem. “The sector is currently valued at over $2.3 billion. From a valuation…
The Federal Government is targeting more than $10 billion in fresh upstream oil and gas investments as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) prepares to launch the 2026 Licensing Round in the third quarter of the year. The move follows the approval of the licensing exercise by President Bola Tinubu, who also serves as Minister of Petroleum Resources, in line with the provisions of the Petroleum Industry Act (PIA) 2021. The announcement was made by Mrs. Oritsemeyiwa Eyesan, Commission Chief Executive of NUPRC, during a visit by Meren Energy (formerly Africa Oil) to the Commission’s headquarters in Abuja. According…
The Development Bank of Nigeria has disbursed more than N1 trillion to over one million Micro, Small and Medium Enterprises (MSMEs), supporting the creation of more than 1.6 million jobs since it began operations in 2017. The milestone was disclosed by Dr. Tony Okpanachi, Managing Director of DBN during a media briefing in Lagos, where he outlined the bank’s achievements and unveiled its growth strategy for the next five years. Established to address financing gaps faced by small businesses, DBN provides long-term funding, credit guarantees and capacity-building support through a network of participating financial institutions. Building on its achievements, DBN has…
Nigeria’s telecommunications sector attracted just $7.24 million in foreign capital in the first quarter of 2026, marking its lowest quarterly inflow in more than four years despite a 50 per cent tariff increase approved to strengthen operator finances and stimulate investment. Data from the National Bureau of Statistics (NBS) showed that foreign capital inflows into the sector accounted for only 0.07 per cent of the total $10.37 billion imported into Nigeria during the period. The figure represents a sharp 91.04 per cent decline from the $80.78 million recorded in the first quarter of 2025 and a 92.99 per cent drop…
Nigerians may soon pay more for soft drinks and other sugar-sweetened beverages following the Senate’s approval of a new excise duty framework that replaces the current flat-rate tax with a percentage-based levy tied to retail prices. The upper chamber approved the measure on Wednesday while considering the report of the Joint Committee on Finance and Customs, Excise and Tariff on the Customs, Excise Tariff (Amendment) Bill. Lawmakers also endorsed the creation of a dedicated funding mechanism to support public health interventions nationwide. The proposed reform is aimed at addressing the rising burden of non-communicable diseases (NCDs) such as diabetes, obesity,…