Press Releases

Presidency Welcomes Dangote Refinery’s 4,000 CNG Trucks; Says it’s a milestone to gas-powered transport in Nigeria

by Olusegun Edwards
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The Presidential Compressed Natural Gas Initiative (PCNGI) has welcomed the Dangote Refinery’s fuel distribution plan that will see it deploying 4,000 Compressed Natural Gas (CNG) trucks across Nigeria. Speaking to newsmen on the sideline of the just concluded West Africa Economic Summit (WAES) in Abuja, Commercial Coordinator, Tosin Coker, said: “This is a landmark development, […]

Awele Elumelu at 55: A Prescription for Purpose

by Olusegun Edwards
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At 55, Dr. AweleElumelu doesn’t merely wear many hats; she crafts them, stitches them with purpose, and hands them to others. Physician. Entrepreneur. Philanthropist. Marathoner. Wife. Mother. Architect of access in Africa’s healthcare maze. Born in Delta State and trained across Nigeria and the United Kingdom, Lady Awele is not simply a doctor who traded […]

Bode George says heavy security presence at PDP national secretariat is ‘madness

by Olusegun Edwards
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The siege laid to the main opposition party the People’s Democratic Party (PDP), national secretariat by Security operatives on Monday 30th, 2025, in Abuja, to prevent the party leaders from convening for the 100th National Executive Committee (NEC) meeting, has been described as ‘madness’. The two factions of the party’s National Working Committee (NWC) had […]

Shareholders Oppose Plan to Transfer Unclaimed Dividends to CBN

by Olusegun Edwards
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Shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN), have condemned the recent legislation mandating the transfer of unclaimed dividends from companies’ registrars to the Central Bank of Nigeria (CBN) for management. The group, in a statement signed by its national coordinator, Mr. Moses Igbrude, condemned the National Assembly’s decision to pass […]

Energy Experts:Dangote’s initiative will reduce production costs, ease inflationary pressures, and stimulate economic growth

by Olusegun Edwards
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The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will reduce production costs, ease inflationary […]

2024 Financial Year: UBA Grows Profit to N804bn, Declares N3.00 Kobo Final Dividend

by Olusegun Edwards
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, showed an impressive rise in the bank’s profit after tax which went up […]

Tony Elumelu Foundation Donates $15m to Young African Entrepreneurs

by Olusegun Edwards
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The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF Founder, Mr Tony Elumelu, made this known recently in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. He stated that each beneficiary would receive a $5,000 seed grant to […]

ICT Experts Echo Need For More Than CNII Order To Secure Telecom Investments

by Olusegun Edwards
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Industry leaders have identified important measures to secure telecommunications infrastructures in the country and ensure that investments in the telecoms space are protected. They argued that as much as the effective implementation of the Executive Order on the Designation and Protection of Critical National Information Infrastructure (CNII) is important, the Order cannot solely guarantee infrastructure […]

Lagosians Hail Dangote over Impact of National Food Relief Programme; As rice Distribution Spreads Across beneficiary Local Govts

by Olusegun Edwards
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Chairman of the Aliko Dangote Foundation and Africa’s wealthiest person has continued to draw widespread commendation over the socio-economic impact of his national food relief programme, as the Foundation continues the distribution of 80,000 units of 10kg bags of rice to the vulnerable in Lagos State. Recall that the Lagos flag-off of the nationwide rice […]

US Imports Over 2m Barrels of Jet Fuel From Dangote Refinery; Experts Hail Refinery, Drum Support

by Olusegun Edwards
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The growing influence of the Dangote Petroleum Refinery & Petrochemicals is extending far beyond Africa and the Middle East, as the United States imports over two million barrels of jet fuel from the world’s largest single-train refinery in March. Experts assert that this development should bring immense joy to Nigerians, as it attests to the […]

IMF Names Tony Elumelu To Advisory Council on Entrepreneurship and Growth

by Olusegun Edwards
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Founder of Heirs Holdings and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, […]

LIRS Urges Taxpayers to Meet March 31 Deadline for Annual Tax Return Submission

by Olusegun Edwards
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The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those in the informal sector, and employees under the Pay-As-You-Earn (PAYE) scheme, to submit their Annual Tax Returns on or before March 31, 2025. This directive is in accordance with the Personal Income Tax Act (PITA) 2004 as amended. Ayodele Subair, […]

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