Business
FG Boosts Local Energy Supply Chain

The Federal Government says it is taking concrete steps to build a resilient local energy supply chain to cushion Nigeria against global disruptions that have increasingly threatened the stability of cross-border energy operations.
Speaking at the 2025 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said Nigeria could no longer afford to rely solely on international supply chains amid rising uncertainties globally.
“On the matter of supply chain, we recognise the multifaceted challenges trade wars, sanctions, currency instability, regional conflicts, and security concerns.
“These disruptions have affected the flow of goods and services across borders”, he said.
The oil minister stated further, “While we continue to engage internationally, we must also strengthen local capacity and resilience to mitigate future shocks.”
Lokpobiri explained that these efforts are part of the government’s broader strategy to fortify the country’s energy ecosystem while expanding opportunities for local players.
He noted that the administration of President Tinubu has pursued deliberate and investment-driven reforms to position Nigeria as a preferred destination for energy investment.
“The Federal Government, under the leadership of President Tinubu, has pursued deliberate and investment-friendly policies aimed at positioning Nigeria as the leading destination of energy investors.
“The implementation of the Petroleum Industry Act has brought about liberalisation of the national sector, improved wealth and mobility, and boosted investor confidence.
“Through that solid base, executive orders, and other strategic incentives, we are making Nigeria increasingly attractive to both local and international partners”, he said.
He stated that this renewed investor confidence is evident in “the growing number of engagements we are having with foreign governments and private sector leaders exploring mutually beneficial collaborations.”
To further deepen Nigeria’s human capital and technical base in energy, the Minister announced the establishment of a new postgraduate energy university in Kaduna, through strategic partnerships with three top British universities.
He explained, “These efforts complement the ongoing participation of international professionals who have long contributed meaningfully to Nigeria’s energy development. To further deepen our capacity, we have established a postgraduate energy university in Kaduna.
“In line with our transnational education policy, we are partnering with three of the United Kingdom’s top universities to expand our field of specialised energy professionals, developing homegrown expertise in global-based practices.”
He closed his remarks with a call to action, urging stakeholders to collaborate toward building a sustainable and profitable energy future.
“In conclusion, I urge everyone here, industrial experts, policymakers, investors, and scholars, to actively engage, share insights, and chart solutions as we work toward a truly sustainable energy future.
“Let us leverage technology for innovation and profitability, strengthen our supply chains, develop our local and international human capital, and continue to foster a stable, environment-friendly, investment-friendly environment that this administration is committed to sustaining”, he stressed
Continue Reading
Business
CBN Comptroller Warns Against Naira Sale

Branch Comptroller of the Central Bank Of Nigeria (CBN), Port Harcourt, Mr. Tom George Ibiso, has cautioned members of the public against the selling of the Nigerian currencies, the Naira.
Ibiso said this in an interview with newsmen shortly after being inducted as fellow of the Nigerian Institute of Corporate Administration of Nigeria in Port Harcourt.
The induction took place during the 23rd Annual General Meeting of the institute in Port Harcourt.
“I encourage the public, please do not go about selling currencies that we give out for use”.
He also called on marketers to put the nation’s currencies into judicious use.
“I will appeal to marketers, please use it consciously so that we don’t keep changing our currencies over and over”, he said.
Ibiso, who commended the institute for the award, said the gesture will spur him to greater heights as far as his work was concerned in the CBN.
According to him, he would ensure the availability of the currencies: “I will make sure that currencies are as many everywhere, that Banks are being given currencies and I encourage the public to not go about selling these currencies that we give out”.
The CBN Port Harcourt Branch Comptroller, who said he has been in public service for a long time, described the award as a big surprise, pledging not to disappoint the public.
By: John Bibor
Business
Flight Distruption Looms, As Aviation Workers Prepare For Strike

Tension is currently brewing in the aviation sector over the likelihood of distractions in flight across the country, as Nigerian aviation workers’ unions have issued a notice of service withdrawal to the Federal Government, effective from Monday, August 11, 2025.
The notice was contained in a statement signed by the General Secretaries of the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), National Union of Air Transport Employees (NUATE), Association of Nigeria Aviation Professionals (ANAPS), and the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUPCCSTRE), which was made available to aviation correspondents.
The unions lamented the prolonged delay in implementing a new salary structure for workers under the Nigerian Airspace Management Agency (NAMA), despite the conclusion of salary adjustment negotiations with the agency’s management eight months ago.
“Recognising that notice of ultimatum has already been issued and served by our branches, which our national unions have adopted, a seven-day notice of withdrawal of services from today, Thursday, the 31st day of July, 2025, is hereby issued,” the statement read in part.
After the expiration of the ultimatum, the union insisted on a total withdrawal of services by 5:00 hours on Monday. The workers, through their strike notice, directed all NAMA staff to stop all services with effect from Monday, August 11, 2025, at 05 hours indefinitely.
“All Airlines and allied companies, as well as the flying public, are hereby informed of the above-stated action and advised to make alternative travel arrangements.
“All staff shall comply with this directive, and only joint communication from the National Secretariats of the above-named Unions shall be heeded with regard to further directives on this matter”, the letter stated.
It was sent to the Minister of Aviation and Aerospace Development, Festus Keyamo, and copied to the Managing Director/CEO of NAMA, FAAN, the Commissioner of Police, Airports Command, the Directors of State Security (All Airports), and Airline Operators of Nigeria.
The strike notice implies that all flight operations will be suspended, and the entire industry will be grounded, causing disruptions to travelers and the economy.
By: Corlins Walter
Business
Freight Forwarders Raise Alarm Over Govt Reforms Sabotage

The National Association of Government Approved Freight Forwarders (NAGAFF) has called for the deregistration of four associations with a request for the withdrawal of their Corporate Affairs Commission (CAC) certificates for national interest.
This follows what is perceived as an agenda to sabotage government reforms in the Marine and Blue Economy sectors,
NAGAFF said it had carefully observed recent actions by the Association of Nigerian Licensed Customs Agents, (ANLCA), Association of Registered Freight Forwarders of Nigeria (AREFF), National Association of Air Freight Forwarders and Consolidators (NAFFAC), and National Council of Managing Directors of Licensed Customs Agents, (NCMDLCA) since the appointment of the current Registrar of the Council for the Regulation of Freight Forwarding in Nigeria, CRFFN, Mr. Kingsley Igwe.
These groups have publicly aligned with a court judgment obtained by Mr. Lucky Amiwero of NCMDLCA in Suit No. FHC/L/CS/765/2018, claiming that CRFFN lacks the authority to regulate customs agents and collect Practitioner Operating Fee (POF), even when the CRFFN has appealed and filed a stay of execution, rendering the ruling unenforceable.
Speaking at a media briefing in Lagos, National President, NAGAFF, Chief Tochukwu Ezisi, said those who no longer believe in CRFFN’s mandate should exit the stage, adding that the government should investigate the economic and regulatory sabotage being carried out under the guise of activism.
He said: “These groups have often failed in their statutory financial obligations to CRFFN. ANLCA and NCMDLCA must align their identities with the new Nigeria Customs Service (NCS) Act 2023.
“We recommend that CRFFN consider the deregistration of these four associations and request the withdrawal of their CAC certificates in national interest.
“Despite these distractions, NAGAFF remains proud of the performance of the current Registrar. Under one year, he has shown exceptional leadership, including: expanding CRFFN’s funding beyond POF to improve financial sustainability; commenced the training of one thousand freight forwarders in 2025, a capacity-building initiative which has seen a successful training of 300 freight forwarders already; and driving digital modernization and stakeholder collaboration to strengthen CRFFN’s regulatory role.
“We hereby pass a vote of absolute confidence on the leadership of the CRFFN Registrar/CEO under the supervision of the Minister of Marine and Blue Economy, Adegboyega Oyetola.”
-
Business3 days ago
CBN Comptroller Warns Against Naira Sale
-
Business3 days ago
Real Estate GDP Contribution Surges To N41.3tn
-
Politics3 days ago
2027: Nigerians Victims Of Desperate Politicians – Cleric
-
Business3 days ago
Freight Forwarders Raise Alarm Over Govt Reforms Sabotage
-
Politics3 days ago
Obasanjo, Tinubu Mourn Audu Ogbeh’s Death @78
-
Maritime3 days ago
MWUN, Police Parner In Safer Port Operations
-
Maritime3 days ago
NSC Hails MARAN’s Effords At Developing Maritime Sector
-
Business3 days ago
Flight Distruption Looms, As Aviation Workers Prepare For Strike