Category: Business

  • 50 oil blocks on stake as 2025 bid round begins

    50 oil blocks on stake as 2025 bid round begins

    Fifty oil and gas blocks are up for auctioning from today as the 2025 licencing round bid portal come alive today.

    The auction, spanning multiple basins and terrains, is part of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) 2025 petroleum licensing initiative approved by President Bola Tinubu. The licencing round will feature acreage across onshore, shallow water and deep water locations.

    According to the Commission, the exercise represents a significant push to attract fresh capital into Nigeria’s upstream petroleum sector under the framework established by the Petroleum Industry Act (PIA) 2021.

    The blocks, the NUPRC revealed, are distributed across several diverse basins, offering potential investors a range of exploration and development opportunities. Comprehensive guidelines, eligibility criteria, and detailed block data will be made available through a dedicated licensing portal when it goes live.

     “The Licensing Round is a key component of the Commission’s mandate under the PIA to enhance Nigeria’s upstream development, attract investment, and expand national hydrocarbon reserves,” NUPRC stated.

    The regulator has scheduled a pre-bid conference for December 17 in Lagos, providing prospective bidders an opportunity to engage directly with commission officials and clarify participation requirements.

    Read Also: OPEC retains Nigeria’s 1.5mbpd level for 2026

    To broaden international participation, NUPRC will conduct promotional roadshows across major energy capitals. The agency plans events in Dubai on January 5, 2026, Singapore on January 8, Houston on January 19, and Beijing on January 12, targeting investors in key markets with substantial capital deployment capacity in oil and gas ventures.

    The commission emphasised its commitment to conducting a transparent and competitive bidding process, stating it seeks partnerships with entities that demonstrate “dedication to excellence, safety, and environmental stewardship.”

    It called on interested parties to access full licensing details, including participation instructions and block descriptions, through the commission’s official website at www.nuprc.gov.ng and the dedicated licensing portal at br2025.nuprc.gov.ng once launched.

    The initiative, the NUPRC further said, comes as Nigeria seeks to reverse declining crude oil production and attract the billions of dollars in investment needed to develop its estimated 37 billion barrels of proven oil reserves and 209 trillion cubic feet of natural gas reserves.

    NUPRC expressed optimism about stakeholder participation and the potential impact of the licensing round on Nigeria’s position in the global energy landscape.

  • NADF, firms sign MoU on climate-resilient agric finance

    NADF, firms sign MoU on climate-resilient agric finance

    National Agricultural Development Fund (NADF) has entered into a tripartite Memorandum of Understanding (MoU) with Leadway Assurance Company Limited and Verdure Climate to expand innovative agricultural insurance and climate-resilient finance for smallholder farmers across Nigeria.

    The agreement was formalised at the National Dialogue on Innovative Agric Insurance and Climate Finance held in Abuja and will support the implementation of the AGRA-backed initiative, Building Farmers’ Resilience through Innovative Insurance Models and Financial Instruments.

    Speaking at the event, NADF Executive Secretary, Mohammed Ibrahim, represented by the General Manager, Partnerships and Investor Relations, Mr. Nasir Ingawa, said the partnership closely aligns with the Fund’s mandate to deepen agricultural financing.

     “As we face increasing challenges due to climate change, unpredictable weather patterns, and limited access to finance, the role of innovative financial solutions such as index-based agricultural insurance and blended finance has never been more critical,” he said.

    Ibrahim added that the introduction of index-based and pay-at-harvest insurance products would “go a long way in enhancing investor confidence”.

    Under the collaboration, the organisations will work on bundling insurance with agricultural loans, scaling credit-linked insurance for rice, soybeans and maize value chains in priority states, and integrating climate-smart agricultural practices into NADF loan products. The initiative will also introduce digital climate advisory services and build the capacity of business development service providers.

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    Leadway Assurance described the partnership as a significant step toward enhancing climate preparedness within Nigeria’s agricultural sector.

    Head of Agriculture Risk Solutions at the company, Mr. Fatona Ayoola Paul, commended NADF’s leadership, noting that it provides “the policy anchor that initiatives like ours can build upon”.

    The national dialogue brought together financial institutions, government agencies, insurers, anchor companies and farmer organisations to explore strategies for integrating index insurance into agricultural lending and unlocking greater private-sector investment for rural producers.

    The project forms part of AGRA 3.0, which aims to increase access to finance, strengthen market linkages, expand innovative insurance products and improve resilience for thousands of farmers between 2025 and 2027.

  • Lumumba urges roadmap for Africa’s renewable energy system

    Lumumba urges roadmap for Africa’s renewable energy system

    Renowned Kenyan lawyer, academic, and activist, Prof Patrick Lumumba, has called on experts to develop a sustainable roadmap for clean and renewable energy in Africa.

    Lumumba made the call at the weekend while delivering a keynote speech  at the 9th Africa Energy Summit, a two-day event on emerging technologies and sustainable energy development in Africa, organised by Solewant Group in Rivers State.

    The scholar said: “There are countries in Africa that are actually moving away from vehicles using fuel. We are now talking about energies that do not have an impact on Africa and the rest of the world.”

    He expressed concern about the drying up of dams in Africa, saying it was affecting power generation and noted that the African Union (AU) had set a goal to make the continent the largest generator of electricity by 2040.

    Lumumba queried the AU’s habit of making declarations that never came to pass.

    He said: “It can no longer be business as usual. It has to be business unusual. We cannot continue to be like this. We have to think out of the box.”

    Lumumba emphasised the need for respect and support for African universities to drive the continent’s development.

    On its part, the Nigeria Senate promised to review and enact new laws to strengthen the Petroleum Industry Act (PIA) and improve local content.

    The Senate President Godswill Akpabio, who was represented by the Chairman of the Senate Committee on Solid Minerals, Senator Osita Ngwu made the pledge while speaking at the summit.

    He said the Senate would address grey areas in existing laws to benefit Nigerians, noting.that a bill on local content was already before the Senate and that the committee ws working to make it more comprehensive.

    Read Also: Industry hails Nigeria’s re-election to IMO council as major boost for maritime sector

    He said: “We will review the PIA, address complaints, and make necessary amendments to improve the economy and industry. We invite industry players to make recommendations to strengthen our Local Content Act and PIA”.

    Solewant Group CEO, Solomon Ewanehi, echoed Lumumba’s sentiments, highlighting Africa’s vast energy potential but nothing that many countries’ struggle to provide reliable energy access was hindering economic growth.

    Ewanehi expressed gratitude to the Nigerian Content Development and Monitoring Board (NCDMB) for promoting local content.

    He also acknowledged the Petroleum Technology Association of Nigeria (PETAN) and Oil and Gas Trainers Association of Nigeria (OGTAN) for their efforts in galvanizing indigenous technical capacity

    Ewanehi noted that his book, “Unlocking Africa’s Energy Future: Strategies for Sustainable Growth and Development,” highlighted key strategies for the continent’s energy future, including renewable energy, regional integration, and innovative financing.

    The summit, which marked Solewant Group’s 25th anniversary, brought together industry leaders, policymakers, and experts to discuss emerging technologies and sustainable energy solutions.

  • Fed Govt moves for optimal value in $12b cargo business

    Fed Govt moves for optimal value in $12b cargo business

    The Federal Government is working on proposals that  will enable the country to tap into the burgeoning air cargo, logistic and allied value chain estimated to hit over $12 billion in the next five years.

    Part of the value chain considered for capture in the revenue yielding ecosystem include export of agricultural produce by air, electronic commerce/ logistics  production as well as other  manufactured goods.

    To drive this, several agencies of government including the Federal Airports Authority of Nigeria (FAAN), Nigeria Customs Service ( NCS), Standards Organisation of Nigeria (SON), and NAFDAC, State Governments with airports in their jurisdictions as well as other trade facilitation agencies  agencies have been working on templates that will boost air cargo, logistic/ courier  and allied business.

    Speaking in an interview, the Managing Director and Chief Executive of Federal Airport Authority of Nigeria (FAAN), Mrs Olubunmi Kuku said the government is working on a number of initiatives that will  make Nigeria become a dominant  cargo hub,  a  beacon of efficiency, and a catalyst for economic prosperity across Africa.

    She said : “ This is our commitment: to ensure Nigeria is not just a point on the global cargo map, but the strategic gateway connecting Africa to the world.”

    Read Also: Industry hails Nigeria’s re-election to IMO council as major boost for maritime sector

    Kuku said the  Directorate of Cargo Development Services (DCDS), recently created  in FAAN, has been engaging stakeholders on how to achieve the objective.

     “FAAN is fully committed to creating the enabling environment, the necessary policies, infrastructure, and political will for this ecosystem to thrive.”

    She said the government cannot drive this agenda alone.

     “We need  partnership,  innovation, and commitment to push this to fruition.

     “The issues and opportunities before us, whether in handling, documentation, automation, safety, or export readiness, all require a joint approach.

     ‘Let’s fix bottlenecks. Let’s upgrade our facilities. Let’s lift service quality. Let’s build the systems that make cargo flow seamless in and out of Nigeria. Let’s put Nigeria in its rightful place as the air cargo powerhouse of West and Central Africa because we can, and because the future demands it.”

    Kuku further stated that “the work ahead is vast, but so is the potential. As we begin this journey, let us move forward with a shared purpose that we are building not just for today, but for future generations. With your partnership, we will deliver a cargo ecosystem that is secure, competitive, profitable, and efficient.

    “ One that supports our farmers, manufacturers, exporters, courier services, pharmaceutical handlers and every business that depends on the rapid movement of goods. One that positions Nigeria not only as a player, but as a leader in African trade. Together, we will create the hallmark of cargo excellence that Nigeria deserves.”

    She further said “the air cargo industry is the essential artery of modern global trade, carrying life-saving medicines, high-value technology, and perishable goods. For Nigeria, with our vast potential in agriculture, manufacturing, and e-commerce, the possibilities are boundless.”

    “However, we readily admit that we have operated below our potential for too long. We have been held back by inadequate facilities, delays, and missed opportunities. That changes today,” she said.

    Also speaking, Chief Executive Officer Caverton Offshore Support Group, Mr Bode Makanjuola said Nigeria’s aviation sector can unlock significant cargo value if operators commit to a collaborative cargo value chain built on discipline, shared data and coordinated national intent.

    He stressed that the country has reached an unusual moment of alignment where policy direction, market demand and economic priorities now support real progress.

    He explained that this moment is rare because Nigeria has faced decades of fragmented systems and inconsistent execution.

    However, he said the current landscape offers a stronger foundation for growth. This shift is driven by rising African air freight demand and Nigeria’s position as a leading import gateway with increasing export potential.

    According to him, these conditions create the right atmosphere to build a cargo environment that consistently delivers measurable cargo value.

    He linked the  new momentum to the Minister of Aviation and Aerospace Development, Festus Keyamo’s  five -point agenda, which  aims to rebuild aviation infrastructure, improve safety, strengthen local airline operations, expand human capacity and increase revenue.

     He said these pillars are not political declarations but the structural foundations needed to support a modern cargo ecosystem that produces sustainable cargo value.

    He added that industry players must treat these pillars as operational instructions rather than suggestions.

    The coordination, he said, must replace fragmented decision-making, and agencies must move with shared accountability.

    According to him, the cargo sector will only scale when every operator, regulator and service provider acts with a unified purpose.

    He  said the first major shift must be the creation of a single national coordination framework where FAAN, the Nigeria Civil Aviation Authority, the Nigeria Customs Service, airlines, terminal operators and exporters work together.

     He insisted that a shared data environment enables quicker decisions and prevents the unnecessary delays that often undermine cargo value at Nigerian airports.

    He noted that infrastructure improvement must also follow a clear national standard. When temperature control systems, automation procedures, safety protocols and digital access differ across airports, the entire chain becomes unreliable.

    However, he explained that predictable infrastructure strengthens accessibility, reduces processing time and increases Nigeria’s global competitiveness.

    He argued that full digitisation is essential because manual systems create bottlenecks that reduce cargo value. He advocated a national single window that integrates electronic airway bills, Customs processes, payment systems, cargo inspection and real-time tracking. He said this level of transparency will immediately strengthen confidence across the cargo community.

    He  also emphasised the need for dedicated export-quality hubs that bring packaging, testing, certification and documentation under one roof. He said exporters lose valuable time navigating scattered procedures.

    However, consolidated facilities , he said, will reduce delays and allow Nigeria to move agricultural and manufactured goods more efficiently.

    He further encouraged the aviation community to embrace public–private partnerships because PPPs offer a pathway to world-class cargo terminals, modern cold-chain systems and globally recognised best practices.

     According to him, Nigeria must leverage private expertise to expand cargo value for both small exporters and large logistics companies.

    He explained that capacity development across agencies is equally important because handlers, inspectors, airline teams and regulators must understand shared standards. When they operate with similar competencies, operational disputes reduce sharply and efficiency improves.

    This, he said, directly boosts measurable cargo value.

    He urged the  government and industry leaders to elevate cargo to a national economic priority.

    He said cargo must no longer be treated as an afterthought. When it receives strategic focus, agencies collaborate instead of competing, and the entire system becomes more resilient.

    He said operational success in Nigeria often occurs by exception. He said the Dangote Refinery demonstrated what becomes possible when approvals, policies and stakeholder actions move in a single direction.

    He urged the industry to adopt that level of urgency and alignment to build a system that consistently delivers cargo value.

    He noted that Nigeria’s cargo potential could reach $12 billion by 2030, and with coordinated reform, the country can lead Africa’s cargo logistics market.

     He also referenced the need to align with international best practices, directing stakeholders to global guidance available through the International Civil Aviation Organisation for cargo standards.

     He said Nigeria must now fast-track reforms and build the world-class cargo system that the economy urgently needs.

  • Dangiwa calls for stable annual state budget for land titling

    Dangiwa calls for stable annual state budget for land titling

    Minister of Housing and Urban Development, Ahmed Musa Dangiwa has issued a bold call for state governments to dedicate between one and three per cent of their annual budgets to land administration and systematic land titling.

    He stated that credible land governance is the country’s strongest lever for building a trillion-dollar economy.

    Dangiwa made the call in a keynote address at the opening of the 30th Conference of Directors of Lands in the Federal and States Ministries,  Departments and Agencies.

    “I strongly recommend and charge that Nigerian State Governments ring-fence between one and three per cent of their annual budgets for land administration and systematic titling during the reform and scaling phase” he stated

    The theme for the 30th Conference is Nigeria Land Titling, Registration and Documentation Programme (NLTRDP): Implementation Mission

    Dangiwa explained that International evidence shows very clearly that Ministries responsible for land administration around the world operate on about one percent of the total public budget.

    He said “ based on these global benchmarks and our own national realities … a sustainable allocation of 0.5 to 1 percent will be sufficient to maintain digital registries, continue systematic documentation, and keep the cadastre up to date”

    The minister further stated that, half of the allocation must go directly to real service delivery- systematic titling, digitisation, modern registries, surveys and dispute-resolution-not vehicles, furniture or overheads.

    “If we spend on impact, not overheads, every State will unlock revenue, citizens will gain secure property rights, and land will become a true economic asset, not dead capital. And let me say this confidently: the success of the Land4Growth Programme is Nigeria’s surest bet to achieving the One Trillion Dollar Economy” he remarked

    Accordingly,  Dangiwa stated that, land becomes bankable, when citizens can use it for credit, when investors trust the registry, and when States earn sustainable revenue from property markets, saying that ‘ we will unlock growth on a scale that can transform our national economy. That is how land becomes wealth, and how this sector can power Nigeria’s economic future.” he stated.

    The Minister further disclosed that the last World Bank Doing Business ranking on Registering Property, Nigeria performed poorly due to excessive procedures, long timelines, and high costs, this he said, creates uncertainty for investors and unnecessary hardship for citizens

    He noted the identical challenges across the states as; complex manual workflows, fragmented and outdated paper records, corruption risks, tenure insecurity for vulnerable groups, and very low revenue collection despite huge potential.

    Read Also: Insecurity: Nigeria’s obsession with labels

    He also told the participants that, under President Bola Ahmed Tinubu’s Renewed Hope Agenda, land administration will be treated not as routine bureaucracy but as a strategic economic reform, adding that government had begun to translate the commitment into concrete action.

    “I have directed the Director Lands to make sure every Director has a copy of the Concept Note and Framework. embrace it and properly guide your State Governments to adopt it and work with us at the Federal level to implement it” Dangiwa said

     “We are not yet where we want to be, but we are certainly not where we were last year. We are moving – and we are moving with purpose”.

    We have within this period introduced the Nigeria Land Titling, Registration and Documentation Programme (Land4Growth) to unlock an estimated $300 billion in dead capital, and are finalizing a partnership with the World Bank and state governments to register, document, and title land nationwide” he concluded

    Earlier in his opening remark, the Permanent Secretary of Federal Ministry of  Housing and Urban Development, Dr. Shaiub Belgore stated that the annual Conference of Directors of Lands has served as a key platform for professional exchange over the years

    He said “ As we mark the 30th edition, it is important that this gathering does not remain a yearly talk shop. The true value of this conference will not be measured in speeches, communiqués or photographs,  but in how the knowledge gained here is translated into practical reforms in your States”.

  • Oxfam, partners, unlock N15.5b climate finance

    Oxfam, partners, unlock N15.5b climate finance

    Country Director, Oxfam in Nigeria, John Makina has said the organisation was able to unlock N15.5 billion in local climate financing and expanded climate-smart livelihoods, such as beekeeping, briquette production and tree planting.

    Makina disclosed this during the close-out of Oxfam in Nigeria’s five-year Power of Voices, Fair for All (F4A) and African Activists for Climate Justice (AACJ) programmes in Nigeria.

    The event featured the launch of a documentary and magazine capturing the project’s milestones.

    He described the programmes as “a journey of courage, partnership and transformation.”

    Makina said that the initiatives demonstrated the power of communities, when equipped, to “speak, act and lead” in governance, climate justice and economic accountability.

    He said that the journey had been more than a development intervention.

    “It has been a collective effort to shift power, amplify voices and place citizens where they rightfully belong—at the centre of governance, climate justice and economic accountability in Nigeria,” he said.

    Makina highlighted key achievements of the programmes to include: cultivation of 15,500 seedlings through community nurseries and distribution of 3,500 clean cooking stoves in Bauchi State to reduce emissions and improve health.

    He stated that 256 community volunteers, including persons with disabilities (PWDs) were also trained in briquette production and other nature-based solutions.

    Makina said: “Oxfam also supported the development of new climate laws, unlocked ₦15.5 billion in local climate financing and expanded climate-smart livelihoods, such as beekeeping, briquette production and tree planting.

    “Women beneficiaries reportedly earned between ₦150,000 and ₦300,000 through climate-friendly enterprises.

    “The programmes reached more than 10 million Nigerians through the “Follow the Money” media platforms, while civic participation was strengthened through Freedom of Information coalitions, youth civic clubs and improved security commitments from the police.”

    According to Makina, the initiative also trained 500 journalists in climate reporting, mobilised 664 citizens through the Africa Climate Caravan and empowered PWDs to participate independently in agriculture and community governance.

    He expressed appreciation to some implementing partners, such as Civil Society Legislative Advocacy Centre (CISLAC); Connected Development (CODE); BudgIT Foundation, among others, saying that their support and dedication contributed to the success of the initiatives.

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    The country director also commended the Government of The Netherlands for funding the project.

    Speaking on behalf of the partners, Executive Director of CISLAC, Auwal Rafsanjani, said the programmes delivered “transformative reforms, bold advocacy and unprecedented community-led impact” across Nigeria.

    He noted that the projects strengthened tax justice campaigns, boosted transparency in the extractive sector, improved compliance with beneficial ownership rules and expanded state-level advocacy platforms.

    The CISLAC boss said that sustained civil advocacy also helped in shaping the passage of four new tax laws and contributing to government’s approval of over 1 billion dollar for the upgrade of major ports.

    Rafsanjani stressed that although donor funding had ended, the responsibility to sustain the gains now rests with Nigerians.

    “The work must continue because inequalities, corruption and climate challenges remain,” he said.

    While giving an overview of the projects, the Programme Manager of Oxfam in Nigeria, Henry Ushie, said it built regulatory frameworks that mobilised communities to be proactive in demanding for the three per cent meant for them by companies.

    “They were also empowered to access the money and demand for accountability and transparency on how the money was deployed, ensuring that it was ploughed back into the communities,” Ushie said.

  • Lagos hails NSACC’s roles in investments flow

    Lagos hails NSACC’s roles in investments flow

    The Lagos State government has reaffirmed its position as West Africa’s premier business destination as it joined regional and corporate leaders to celebrate the 25th anniversary of the Nigeria-South Africa Chamber of Commerce (NSACC).

    Lagos State Governor, Babajide Sanwo-Olu, hailed the chamber as a foundation of bilateral economic diplomacy and a testament to strong African collaboration.

    Meanwhile, in a key announcement, the Lagos State Government confirmed it has secured the rights to host the Intra-Africa Trade Fair (IATF) 2027, an event expected to position Lagos as the continent’s premier hub for intra-African commerce and innovation exchange.

    Speaking at the anniversary ceremony, with the theme “Building Together”, in Lagos, the governor commended the chamber’s role in fostering trade, investment, and market guidance for companies operating across both countries.

     “For a quarter of a century, the Chamber has stood as a powerful symbol of cooperation between two of the continent’s largest economies,” the governor said, acknowledging the contributions of founding members, corporate partners, and business stakeholders. The event was sponsored by MTN.

    Represented by the Lagos state Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, Sanwo-Olu noted that NSACC’s monthly business forums and engagement platforms have “provided clarity and confidence for decision-makers, industry leaders and investors navigating the complexities of doing business in Nigeria and South Africa.”

    The governor highlighted Lagos’s central role in attracting South African investment into Nigeria. The state, he emphasised, remains the commercial heartbeat of the nation and home to major South African-origin corporations. Firms such as MTN, MultiChoice, Shoprite and Stanbic IBTC, the governor added, used NSACC networks to successfully expand into the Nigerian market, creating jobs, improving service delivery, and accelerating innovation.

     “From telecommunications to banking, retail, entertainment, manufacturing, and logistics—South African companies have contributed significantly to Lagos’s digital infrastructure, employment creation, and competitive corporate culture,” Sanwo-Olu stated.

    He also underscored ongoing state-led infrastructure and business reforms under the admnistration’ T.H.E.M.E.S Plus agenda, including support for broadband expansion, digital inclusion, strengthened security, SME financing pathways, and industrial development through strategic districts such as the Lekki Economic Zone, Lekki Free Trade Zone, and the emerging Badagry Port District.

    Sanwo-Olu emphasised that the state is committed to advancing trade relations by championing Africa-to-Africa investments, particularly in manufacturing, fintech, green energy, logistics, and creative economy partnerships. “We want Lagos to remain the first choice for both Nigerian and South African businesses seeking scalability and long-term sustainability,” the governor affirmed.

    As the Chamber enters its next phase, he urged deeper collaboration through youth entrepreneurship, joint innovation ventures, port and logistics integration, and expanded tourism and cultural exchanges.

     “NSACC has demonstrated what is possible when nations collaborate not as competitors, but as partners in progress. Lagos remains open for business, open for partnership, and open for a future where African economies rise together”, the governor assured.

    Also, the Chairman of the NSACC, Ije Jidenma, described the Chamber’s 25th anniversary as a celebration of resilience, partnership, and the maturing economic bond between the two largest economies in sub-Saharan Africa. Speaking at a packed auditorium, surrounded by corporate leaders, diplomats, and long-standing members of the Chamber, Jidenma emphasised that the NSACC has, for a quarter-century, “built a survival bridge”—one that has enabled trade growth, encouraged bilateral confidence, and advanced business-to-business cooperation between the two nations.

     “In these 25 years,” she said, “our Chamber has fostered trade, strengthened bilateral relations, and built platforms for business to innovate, grow, and thrive.” Her remarks were delivered with a tone of seasoned reflection—appropriate for a pioneer member who witnessed the Chamber’s humble beginnings when it was, as she described, “a mustard seed” that has now grown into a formidable trade institution.

    Jidenma expressed deep gratitude to the Chamber’s membership base—corporations and individuals whose sustained support has made the institution not only durable but indispensable. She paid tribute to past leaders—figures she said provided the foundation and credibility on which today’s leadership stands.

    Corporate giants such as MTN, Stanbic IBTC, South African Airways, and other multinational and indigenous enterprises were spotlighted as long-term contributors and ambassadors of the Chamber’s mission. She offered a special acknowledgment to MTN Nigeria—the platinum sponsor—for hosting the event and for continued institutional support.

    But beyond celebration, the night carried a tone of renewed strategic ambition. Jidenma spotlighted the NSACC’s five-year strategic roadmap and emphasised that the next chapter will be defined by deeper collaboration, expanded membership engagement, trust-building among African business communities, and the creation of a more robust policy-shaping engine that supports both governments.

     “This is not just a commemoration, it is a forward look—towards greater impact in Nigerian-South African relations, in intra-African trade, in continental collaboration, and in future-focused economic leadership.”

    She also applauded the Planning Committee—whose months of behind-the-scenes coordination turned the anniversary into a dignified and seamless celebration.

    As the evening transitioned from speeches to networking, Jidenma left the audience with a message of unity and optimism: “Tonight, we celebrate not just an institution, but a legacy of partnership, progress, and continental brotherhood. May the next 25 years bring even greater accomplishments for Nigeria, for South Africa, and for all of Africa”, she added.

    South Africa’s Consul General in Nigeria, Bobby Moroe, delivered an emotional and forward-looking message as he prepares to exit Nigeria after nearly nine years of diplomatic service, the South African Consul-General, Bobby Moroe, praised the chamber for strengthening commercial ties between the two biggest economies on the continent — a role he described as nothing short of nation-shaping.

    With humour and cultural appreciation, he began by acknowledging Nigeria’s unique tradition of respectful salutations, a lesson he said took him “eight years — going to nine” to fully appreciate. “Salutations are a very important component of a speech in Nigeria,” he said, noting that they reflect recognition of shared community, presence and significance.

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    But beneath the light-hearted reflection was a significant revelation: the evening may mark his final formal address to the chamber. “I’m picking my bags to go back to South Africa in a few months,” he announced, sparking heartfelt reactions from the audience of business leaders, diplomats and industry executives.

    Reflecting on shared progress, Moroe emphasised the historic nature of the occasion — the chamber’s 25th anniversary aligns with the 31st year of uninterrupted diplomatic relations between Nigeria and South Africa. Through political shifts, economic turbulence and social realignments, the chamber, he noted, “held the fort for a whopping 25 years, ensuring that commercial relations are harnessed even under extremely difficult circumstances.”

    He commended both the Consulate in Lagos and the High Commission in Abuja for maintaining a robust relationship with the chamber, highlighting that these economic synergies go beyond bilateral benefit and speak to Africa’s continental ambition.

     “Africa is the continent of the future,” he said, repeating the declaration with deliberate emphasis — a mantra that threaded through every key point of his address. For him, the African Continental Free Trade Agreement (AfCFTA) represents not just an economic mechanism but a historic chance to “deliver economic integration, diversify our economies, and unlock new possibilities in energy, agriculture, technology and manufacturing.”

    Moroe lauded the chamber’s contributions: stimulating business-to-business engagement, enabling knowledge-sharing and catalyzing joint ventures. These efforts, he said, sharpen competitiveness and create environments where innovation and enterprise can thrive.

     “As we navigate the challenges of our time, let’s leverage our strengths, embrace innovation, and champion inclusive growth that benefits all Africans”, Moroe urged.

  • Way forward for African fleet renewal, by Keyamo

    Way forward for African fleet renewal, by Keyamo

    Minister of Aviation and Aerospace Development, Festus Keyamo, has canvassed  collaboration with  aircraft lessors/ manufacturers as well as technical partners as part of the mechanisms needed to  strengthen fleet renewal efforts for  airlines In Africa .

    Keyamo, who disclosed in an interview, said the continent needs innovative financing and leasing models that can reduce entry barriers and support sustainable growth.

    The Minister said these models must include risk-sharing arrangements and local-currency instruments that help airlines manage volatile exchange environments.

    Keyamo explained that modernising airline fleets is essential to achieving competitive performance and reducing operational costs.

    He cited Nigeria’s Memorandum of Understanding with Boeing as an example of how African countries can align with global manufacturers, deepen local technical capability, and create developmental pathways for their national carriers.

     He said Africa needs robust human-capital development policies that expand training centres, modernise MRO facilities, and build technical ecosystems that retain skills and investment within the continent.

    He insisted that Open Skies must generate value for African workers and African businesses rather than exporting opportunities abroad.

    Reiterating the urgency of reform, Keyamo said Africa must avoid regulatory hesitation that limits growth and restricts access to regional markets.

     He explained that the Federal Government remains committed to a pragmatic, safe, and inclusive liberalisation process guided by strengthened legal frameworks, renewed international cooperation, and the modernisation of aviation infrastructure.

    He stated that Nigeria intends to drive clear economic outcomes such as improved connectivity, lower logistics costs, and stronger market competitiveness.

    The Minister called on African governments, private-sector partners, financiers, and young professionals to embrace aviation as a driver of integration and long-term prosperity.

     He said the continent must convert long-standing commitments for the liberation of the continent’s air transport market into practical gains including more routes, reduced fares, modern fleets, efficient airports, and stable employment across the value chain.

    He said: “Open Skies is not just a policy choice, it is an economic imperative for Africa’s future.”

    He urged stakeholders to build an aviation environment that is open, safe, and prosperous for all.

    He outlined a decisive five-point action plan designed to fast-track aviation growth across Africa.

    He said the reforms focus  on accelerated efforts  implementation using phased, criteria-based liberalisation.

    He explained that the action plan depends on harmonised legal and judicial frameworks that lower capital costs and support more reliable aircraft-financing structures for African carriers..

    Keyamo stressed that the action plan prioritises investment in people and institutions because no aviation system can grow without skilled professionals and strong regulatory capacity.

    He highlighted the need for continuous training, improved safety oversight, and a deeper pool of technical expertise that can support local maintenance and operational ecosystems.

    He warned that delaying reforms would leave Africa disconnected and economically disadvantaged, insisting that the sector cannot afford fragmented national approaches that weaken competitiveness.

    He reaffirmed that “the alternative to open skies is unacceptable” because Africa’s long-term development depends on seamless connectivity.

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    The Minister emphasised that aviation must be recognised as core economic infrastructure.

    Keyamo described aviation as the “connecting tissue” that binds commerce, tourism, manufacturing value chains, and regional integration.

     He argued that Africa cannot achieve sustainable development without modern and efficient air-transport systems.

     He, therefore, renewed his call for full commitment to the Yamoussoukro Decision and the Single African Air Transport Market.

     He explained that although implementation has progressed slowly, the economic benefits of Open Skies skies remain “real, measurable, and urgent,” and should guide policy decisions at national and regional levels.

    The Minister highlighted Nigeria’s recent legal reforms as evidence of its readiness to drive continental liberalisation.

     He pointed to the Federal High Court practice directions that improve compliance with the Cape Town Convention by ensuring quicker dispute resolution and stronger protection for leased aircraft.

    He said these reforms boost investor confidence and reduce financing costs for Nigerian operators.

    He urged other African states to adopt similar harmonised legal structures that protect assets, encourage leasing, and support predictable regulatory outcomes.

  • New airline acquires four Embraer190 aircraft

    New airline acquires four Embraer190 aircraft

    K-Impex Airline Limited, a prospective airline that began preparations for launch in 2021, is set to take delivery of four Embraer E190 jets.

    The company, with head office in Abuja, the Federal Capital, had started as Knights Impex Limited with interest in import and export cargo business and further expanded into aviation services in 2021, has acquired the aircraft for scheduled operations.

    Managing Director, K-Impex Airline Limited, Dr. Abel Ozigi, stated that the four Embraer E190 jets, with a 98-passenger capacity – 90 economy and 8 business class-  were chosen for their economy range and operational efficiency on domestic and regional routes.

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    “We chose outright purchase to redeem the capital flight associated with the lease option,” Ozigi said.

    The acquisition is facilitated by the near completion of the Air Operator’s Certificate (AOC) with the Nigerian Civil Aviation Authority (NCAA). Dr. Ozigi assured that the airline is committed to type-rating and recurrent training for pilots and crew to demonstrate competency.

    K-Impex Airline aims to fill the untapped air transport market segments across Nigeria, serving over 40 destinations, including smaller cities and airstrips not typically served by major carriers. The airline will carry out light maintenance using in-country hangars and MRO facilities with established standards and competence.

    Chairman of the Board, His Royal Highness Nasiru Ado Bayero, praised the team led by Dr. Ozigi for achieving excellence, stating, “This long wait is worth the wait because we are taking off now with a bang.”

    He added that the acquisition of safe and efficient aircraft will serve Nigerian and regional operations .

  • ‘CITN supports Lagos revenue collection’

    ‘CITN supports Lagos revenue collection’

    Former Federal Inland Revenue Service (FIRS) Chairman Dr. Tunde Fowler, has reflected on the level of support he received from Chartered Institute of Taxation of Nigeria (CITN) in growing Lagos State revenue base during his tenure as Chairman of the Lagos State Inland Revenue Service (LIRS) in 2005.

    He spoke at the night of tributes organised by the Chartered Institute of Taxation of Nigeria (CITN) took place in honour of its founder, Chief David Ajibola Olorunleke.

    Fowler said: “I want to emphasise that CITN helped Lagos State Lagos to progress in terms of tax revenue collection.”

    Through my research, I discovered that the visionary behind CITN was the individual we are honouring today. At a time when Nigeria largely overlooked tax revenue, he displayed extraordinary vision.”

    Earlier during the event, the 17th President of CITN, Innocent Ohagwa, lauded Olorunleke, whose name now adorns the CITN building in Abuja, for impacting lives through his exemplary lifestyle, leadership, and mentorship.

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    The event also featured remarks from the President of the Institute of Chartered Accountants of Nigeria (ICAN), Mallam Haruna Nma Yahaya, who described Olorunleke as “the man of integrity,” noting that his contributions to national development extended beyond professional leadership. “He exemplified vision, fairness, and integrity, leaving an enduring mark on the nation’s tax administration,” he stated.

    Zacch Adedeji, the current FIRS boss, represented by Mr Femi Oyebamiji, highlighted that the deceased embodied integrity, clarity of purpose, and a commitment to public service.

     “Throughout his career, he mentored many, inspired countless others, and left an indelible mark on the institution he helped build. His passing is not only a loss to the tax community but a personal one for many. He was a guiding figure for all who benefited from his wisdom and kindness. Although he is no longer with us, the values he championed—professionalism, humility, discipline, and service to the greater good—remain his lasting legacy.”

    Earlier, Kwara State Governor AbdulRahman AbdulRazaq, represented by Deputy Governor Kayode Alabi, urged attendees to “seek the virtues and lessons from the life of the late Olorunleke” and to live up to the legacy he left behind.

    Chief Olorunleke, who passed away at the age of 80, is remembered as the “Doyen of Taxation,” whose impact on Nigeria’s fiscal landscape remains unmatched. He was not just the pioneer and longest-serving President of CITN but a significant figure in the development of tax practice in Nigeria.