BUSINESS Archives — Page 2 of 192 — National Accord Newspaper

Managing Director of Sahara Group, Kola Adesina, is set to lead discussions on decarbonisation in Nigeria’s oil and gas industry at the 2026 Oriental News National Conference scheduled for July 23 in Lagos. The conference, organised by Oriental News Nigeria, will hold at the Radisson Blu Hotel, Ikeja GRA,...

NDDC trains 500 youths, distributes buses, tricycles in Cross River

JANET MBU May 10, 2026

The Niger Delta Development Commission (NDDC), has trained 500 young men and women in financial prudence and distributed 150 minibuses and 200 tricycles to another set in Cross River State as part of its empowerment programme. Speaking during the Skills Acquisition and Capacity Enhancement Programme in Calabar, Cross...

Senior Directors petition Vice President Shettima over career stagnation, unfair promotions in BPE

NGOBUA JOHNNIE May 9, 2026

BY NGOBUA JOHNNIE – Abuja – Senior Deputy Directors in the Bureau of Public Enterprise (BPE), have decried unjust career stagnation and unfair promotion of staff in the Bureau. In a recent petition signed by the Concerned Senior Directors of BPE and addressed to the Vice President, Senator Kashim...

BUSINESS

NRS includes Saturday as tax office hours ahead of Rev360 launch

BY NGOBUA JOHNNIE, Abuja May 8, 2026

Nigeria Revenue Service (NRS) has declared that tax offices nationwide will now operate on Saturdays as well, in preparation for the launch of the Rev360 Phase I Tax Administration System. In a public notice dated May 7 and signed by the Executive Chairman of NRS, Dr. Zacch Adedeji, the...

BUSINESS

‎ NGX rebounds as Airtel Africa, Dangote Sugar lift stock market

BY NGOBUA JOHNNIE, Abuja May 7, 2026

‎‎Nigerian Exchange (NGX) closed higher on Wednesday as performances from major stocks including Airtel Africa and Dangote Sugar, boosted the market capitalization by N628.5 billion.‎‎According to data from the NGX Daily Official List, the market capitalization rose to N155.78 trillion from N155.15 trillion recorded on Tuesday. The All-Share Index...

Collapsed pipeline deal puts Nigeria’s asset governance in spotlight

accord May 6, 2026

A terminated sale of a 40 per cent stake in the Amukpe–Escravos Pipeline has drawn renewed attention to Nigeria’s asset disposal processes after fresh independent valuations showed a significant gap between earlier pricing and current estimates. Reports said that assessments conducted in 2025 placed the stake at between $544...

Founder and Group Chairman of Zenith Bank Plc, Jim Ovia retires

BUSINESS

NELFUND extols Jim Ovia legacy as Zenith Bank Chairman retires

By JOHN ONAH, Abuja May 6, 2026

The Nigerian Education Loan Fund (NELFUND), has congratulated Jim Ovia on his retirement as Founder and Group Chairman of Zenith Bank Plc, describing the moment as the close of an extraordinary chapter in Nigeria’s financial services sector. NELFUND, in a statement signed by its Managing Director/Chief Executive Officer, Akintunde...

BUSINESS

NNPC records output growth, profit surge in March 2026 report

By MBAFAN ADE, Abuja May 4, 2026

Nigerian National Petroleum Company (NNPC) Limited has posted improved operational and financial performance in its Monthly Report Summary for March 2026, highlighting steady growth in oil and gas output alongside a sharp increase in profit. According to the report released on Monday, crude oil and condensate production climbed to...

BUSINESS

FACT to Senate: Prove the ₦210 Trillion NNPCL Claim or Pull It

Tom Chiahemen May 2, 2026

The viral claim that ₦210 trillion vanished from NNPCL between 2017 and 2023 doesn’t pass the market-woman test, a youth accountability group says. Now they’re asking the Senate to prove it — or pull it. In a statement Friday, signed by Mr Johnson Momodu for the Fiscal Accountability Committee...

BUSINESS

“Safety is not negotiable”: Air Peace explains Gatwick–Lagos disruption after bird strike

By OLA MODUPE, Lagos May 2, 2026

Air Peace has addressed reports circulating online about alleged passenger neglect on its London Gatwick–Lagos flight, insisting that the situation has been misrepresented and reaffirming its commitment to safety and passenger care. In a statement released on Friday, the airline said the disruption on its May 1, 2026 service...

BUSINESS

Nigeria Customs boss Adeniyi, UAE Embassy deepen trade ties as non-oil trade surges, MoU underway

By CLEMENT OMANIBE, Abuja April 30, 2026

The Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, has held a diplomatic engagement with the Embassy of the United Arab Emirates (UAE) in Abuja, where both parties reaffirmed their commitments to strengthening trade relations and customs cooperation between Nigeria and the UAE. During the engagement, the UAE Ambassador to...

BUSINESS

NNPC Limited records major breakthrough with successful River Niger crossing on OB3 gas pipeline

By MBAFAN ADE, Abuja April 30, 2026

The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network. The successful crossing unlocks the full potential of the...

BUSINESS

UAE announces exit from OPEC amid Middle East tensions

By MBAFAN ADE, Abuja April 28, 2026

United Arab Emirates (UAE) has revealed plans to withdraw from OPEC and OPEC+, citing a shift toward prioritising its national economic and energy interests. The decision, confirmed in an official statement on Tuesday, is set to take effect on Friday and comes at a time of heightened geopolitical tension...

BUSINESS

NNPC Women headline 2026 Ascent Top 100 Career Women in Africa Awards

By OLA MODUPE, Lagos April 27, 2026

NNPC Limited women have headlined the 2026 edition of the Ascent Top 100 Career Women in Africa Awards, as the Executive Vice President, Business Services, Sophia Mbakwe, and two other women from the Company were celebrated in Lagos, yesterday, alongside other exceptional female leaders from across the continent. In...

BUSINESS

NNPCL CEO bags Vanguard Newspaper’s Energy Innovation

By EZEKIEL OBI, Abuja April 25, 2026

Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has bagged the Vanguard Newspapers’ 2025 Energy Innovation and Reform Icon of the Year Award. The award, which celebrates Nigerians making notable impacts across various fields, was received on his behalf by the company’s Executive Vice President, Business...

BUSINESS

NNPC Ltd debunks report on sale of refinery scrap, equipment

By OFFOR CALLISTUS, Abuja April 24, 2026

Nigerian National Petroleum Company (NNPC) Limited has alerted the public to the circulation of misleading and false information suggesting that the Company is selling scrap materials, equipment, or components from its refineries to individuals and private companies. A statement issued on Friday in Abuja by the Chief Corporate Communications...

BUSINESS

Ibom Air appoints Bailor as Director of Flight Operations

By ANIEFIOK UDONQUAK, Uyo April 23, 2026

Ibom Air has announced the appointment of Captain Banjana Bailor as its new Director of Flight Operations as part of positioning for international routes. Bailor brings over 40 years of aviation experience and more than 20,000 flying hours to his new role. He joins Ibom Air with a distinguished...

BUSINESS

Tinubu moves to save airlines as Jet fuel crisis bites, approves fee relief and tax review

Tom Chiahemen April 23, 2026

Federal Government has unveiled a set of emergency measures to cushion the impact of soaring aviation fuel prices on airline operators, as concerns mount over possible disruptions to flight services across the country. Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the intervention on Wednesday following an extended...

BUSINESS

Kola Adesina to lead discussions on oil industry decarbonisation at 2026 Oriental News Summit