The Corporate Affairs Commission (CAC) and the Economic and Financial Crimes Commission (EFCC) have strengthened their partnership to enforce the registration of Point-of-Sale (PoS) operators nationwide amid growing concerns that unregistered operators could be exploited for financial crimes, including money laundering and ransom payments. The renewed collaboration was announced during a courtesy visit by Senator Hussaini Ibrahim Idah, CAC Board Chairman, to Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission, at the commission’s headquarters in Abuja. The two agencies expressed concern over the low level of compliance within the PoS sector, warning that inadequate regulation poses significant…
Author: Elvis Eromosele
The Nigerian Communications Commission (NCC) has launched a public consultation on a proposed framework that would allow Nigerian students to access approved educational platforms without incurring data charges, a move that could significantly expand digital learning opportunities across the country. The consultation, titled “Zero-Rated Access to Educational Platforms for Students in Nigeria,” opened on June 19 and will run until July 9, 2026. The initiative is being driven by the Joint NCC-Industry Committee on the Implementation of Zero-Rated Access to Education Platforms and is widely regarded as one of the most ambitious digital inclusion programmes proposed by the telecom regulator…
Afrinvest West Africa’s sponsorship of Rangers International FC has evolved from what was initially viewed as a corporate social responsibility initiative into a powerful case study on the value of strategic sports partnerships. Ike Chioke, Group Managing Director, Afrinvest, made this revelation in a recent interview in Lagos. Speaking on the impact of the partnership, which was formalised in October 2023, Chioke said the relationship has exceeded expectations and demonstrated how football can serve as a platform for business growth, community engagement and long-term value creation. “When we signed the deal, we saw it largely as a CSR platform and…
The Senate has passed a landmark constitutional amendment bill seeking to establish state police services across Nigeria, marking a significant step toward overhauling the country’s security architecture. The bill, transmitted by President Bola Tinubu as part of broader efforts to tackle insecurity, proposes a dual policing system comprising a Federal Police Service and separate State Police Services. The development comes amid growing concerns over rising insecurity, kidnappings, and violent crimes across the country, with increasing calls for a decentralised policing structure that can respond more effectively to local security challenges. The bill scaled third reading after securing the support of…
Nestlé Nigeria, working alongside coalition partners, has completed the 2026 World Environment Day community sensitisation and clean-up campaign across 12 locations nationwide, bringing together volunteers, communities and stakeholders in coordinated action to support environmental stewardship and responsible waste management. Speaking on the initiative, Victoria Uwadoka, Lead Corporate Communications, Corporate Affairs and Sustainability, Nestlé Nigeria, said: “Environmental progress is most sustainable when communities see themselves as active participants rather than observers. What encouraged us most this year was not only the volume of waste recovered, but the willingness of volunteers, partners and community members to work together towards a shared goal.…
The road to the 26th MILO Basketball Championship National Finals reached a significant milestone with the conclusion of the Western Conference, the fourth and final regional conference of the championship. The conference saw Ado Grammar School, Ekiti State, and Davidhall International College, Lagos State, emerge champions in the girls’ and boys’ categories respectively, securing the final places at the National Finals. For 26 years, MILO has remained committed to youth development through school sports, using basketball as a platform to inspire discipline, teamwork, resilience and confidence among young people. This year, over 13,000 schools applied to participate in the MILO…
The Lagos State Government has signed a strategic agreement with the Gas Aggregator Company Nigeria Ltd/Gte (GACN) to secure cheaper gas for power projects, a move aimed at accelerating its plan to deliver 6,000 megawatts of electricity across the state. The framework agreement was signed at Lakowe Resort in Ibeju-Lekki and is expected to provide a stable gas supply for independent power projects at less than half the prevailing market gas-to-power price. Governor Babajide Sanwo-Olu, represented by Deputy Governor Obafemi Hamzat, described the agreement as a practical roadmap for affordable and reliable electricity. According to him, the framework will pave…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has blamed wholesalers, retailers, and supply chain inefficiencies for the sharp increase in cooking gas prices across the country, saying consumers are paying far above the regulator’s recommended price benchmarks. The regulator made the disclosure during an emergency stakeholders’ meeting convened by the Ministry of Petroleum Resources to address rising Liquefied Petroleum Gas (LPG) prices and supply challenges in Nigeria. Presenting the authority’s position, Rabiu Umar, NMDPRA Chief Executive Officer, stated that many marketers are selling LPG at non-cost-reflective prices, with consumers paying as much as N2,100 per kilogram in some…
The Lagos State Government has inaugurated the leadership team of the Lagos State Independent System Operator (LAISO), a key institution established to oversee the operation of the state’s emerging electricity market and support efforts to deliver reliable power supply to residents and businesses. The announcement was made by the Lagos State Ministry of Energy and Mineral Resources following the constitution of the Governing Board and Management Team of LAISO, an institution created under the Lagos State Electricity Law (LSEL) 2024. The move represents a significant milestone in Lagos State’s ongoing electricity sector reforms following Governor Babajide Sanwo-Olu’s signing of the…
As part of its ongoing commitment to strengthening stakeholder engagement and supporting Nigeria’s industrial and economic development agenda, members of Cadbury Nigeria Executive Leadership Team recently paid courtesy visits to key government officials in Abuja. The delegation included Ayman Fahmy, the newly appointed Managing Director and the President of the Sub-Saharan Africa (SSA) Business Unit. During the visits, the team met with: Dr. Jumoke Oduwole, Honourable Minister of Industry, Trade and Investment Senator John Owan Enoh, Honourable Minister of State for Industry The engagements provided an opportunity to discuss areas of mutual interest, share perspectives on industry developments, and reaffirm…