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Oyetola Assures Indigenous Shipowners of Government Support, Promises Commitment to CVFF Disbursement

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has reaffirmed the Federal Government’s commitment to strengthening indigenous shipping capacity, assuring Nigerian shipowners of sustained support and promising his commitment to the disbursement of the Cabotage Vessel Financing Fund (CVFF) to qualified applicants. Oyetola gave the assurance on Friday at the Third Quarter 2026 Citizens’ and Stakeholders’ Engagement of the Federal Ministry of Marine and Blue Economy, held in Victoria Island, Lagos. The minister said the administration remained committed to the effective implementation of the Coastal and Inland Shipping (Cabotage) Act to ensure that Nigerians participate fully in the ownership and operation of vessels engaged in domestic maritime trade. “To our indigenous shipowners, I wish to reaffirm this Administration’s commitment to the development of indigenous shipping capacity and the effective implementation of the Coastal and Inland Shipping (Cabotage) Act,” he sa...
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Oyetola Unveils Gazetted NPERA Act, Logo, Reaffirms Commitment to Port Reforms

L-R: Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, unveiling the newly gazetted Nigerian Ports Economic Regulatory Agency (NPERA) Act, 2026 and the new agency’s logo at the third quarter stakeholders engagement of the Federal Ministry of Marine and Blue Economy, in Victoria Island, Lagos, on Friday. The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has unveiled the newly gazetted Nigeria Ports Economic Regulatory Agency (NPERA) Act, 2026, alongside the agency’s official logo, describing the development as a significant milestone in efforts to strengthen port regulation, boost investor confidence and enhance Nigeria’s maritime competitiveness. According to the press statement issued by the Special Adviser to the Honourable Minister, Dr. Bolaji Akinola, the Minister made the disclosure on Friday at the Third Quarter 2026 Citizens’ and Stakeholders’ Engagement of the Federal Ministry of Marine and Blue Economy, held in Victoria Island, Lagos. The engagement, t...

2025 CEO AND SERVICOM AWARDS: AKUTAH BAGS SPECIAL ACHIEVER AWARD

The Director General and Chief Executive Officer of the Nigerian Ports Economic Regulatory Agency (NPERA), Dr. Akutah Pius, MON, has been honoured with a Special Achiever Award by the SERVICOM  unit of the agency  Dr. Akutah, who received the award from the Head of the Unit, Mrs. Esther Nanle said the award bestowed on him represents the collective efforts of the Management and Staff of the former Nigerian Shippers' Council, now transitioned into NPERA as the economic regulator for the port sector. He stated that, "This award is a recognition of the collective efforts we have all made. It is not the achievement of one individual but the collective accomplishment of all of us". The DG/CEO dedicated the award to every member of staff, as well as supporters and stakeholders who believed in the need for a dedicated economic regulator for the port sector. He also dedicated it to Nigerians, particularly those whose livelihoods and businesses are impacted by activities in the ma...

Fidelity Bank Celebrates Beauty Industry Excellence at Beauty in the Motherland Dinner

MD/CEO Fidelity Bank Plc, Nneka Onyeali-Ikpe (middle), receiving a special recognition award for her leadership and Fidelity Bank’s contribution to Nigeria’s beauty enterprise ecosystem during a dinner commemorating the Beauty in the Motherland 2026 exhibition in Lagos recently. She is flanked by the event’s co-founders, Beatrice Obinna Eneh (left) and Linda Edozien (right). Fidelity Bank Plc has  reaffirmed its support for the Nigerian beauty industry and women owned businesses at the commemorative dinner and awards ceremony of Beauty in the Motherland 2026. The ceremony, held on October 6, 2026 at the Eko Convention Centre, Eko Hotel and Suites, Victoria Island, Lagos, celebrated creativity, enterprise and impact across the beauty and lifestyle industry. It formed part of the three-day Beauty in the Motherland 2026 programme, which attracted more than 3,000 attendees and over 300 exhibitors from the skincare, haircare, fragrance, cosmetics, wellness and related segments. Hoste...

Fidelity Bank Bags Double Honours at 2026 BAFI Awards

Mobolaji Sunmoni, Team Lead, Upstream; Abimbola Ogunyemi, Team Lead, Downstream 1; Tomilola Onasanya, Team Lead, Downstream 2 (all of Fidelity Bank Plc); Frank Aigbogun, Publisher, BusinessDay Media Limited; Nneka Onyeali-Ikpe, MD/CEO Fidelity Bank Plc; Patrick Akinwuntan, former Managing Director, Ecobank Nigeria; and Amanda Ezeani, Relationship Manager - Energy Division, Fidelity Bank Plc; at the 2026 BusinessDay Banks and Other Financial Institutions (BAFI) Awards held in Lagos recently Fidelity Bank Plc has continued to show prowess as a leading financial institution in Nigeria. This time the bank glinged two honours at the 2026 BusinessDay Banks and Other Financial Institutions Awards which was held recently at the Civic Centre, Victoria Island, Lagos. The bank’s Managing Director and Chief Executive Officer, Dr Nneka Onyeali-Ikpe, received the Award for Excellence in Banking Leadership, while Fidelity Bank was named Best Bank in Oil and Gas Financing. According to BusinessDay M...

Customs Continues Onslaught Against Illicit Drug Imports As LFTZ Command Intercepts 400kg Of Cannabis Indica... Hands Over Items To NDLEA

The Nigeria Customs Service NCS in another onslaught against illicit drug importation into the country, has intercepted and seized yet another cache of banned substance.  This latest action was carried out by the  Lagos Free Trade Zone Command of the Service as the officers in collaboration with National Drug Law Enforcement Agency NDLEA personnels intercepted a 20ft container with Container No. PRSU1562064,  concealed  with 400 kilograms of Cannabis Indica commonly know as 'Loud' with a street value of over ₦2.26 billion. Briefing newsmen yesterday Thursday, 15th  October, 2026, the Acting Area Controller of the Command, Deputy Comptroller Olufemi Kukoyi, who is just barely 2 weeks in office states that the seizure is a significant victory for public safety and national security stressing that illicit drugs fuel addiction, organized crime, and insecurity. Giving an account of the seizure, Kukoyi said his officers, while acting on credible intelligence, halted t...

FOU Zone ‘A’ Acting Comptroller Visits Sister Security Agencies in Lagos, Seeks Stronger Collaboration

The Acting Comptroller of the Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘A’, Ikeja-Lagos, Deputy Comptroller Oladapo Olukayode Afeni, has undertaken courtesy visits to sister security and law enforcement agencies in Lagos as part of efforts to strengthen inter-agency cooperation in the fight against smuggling and other trans-border crimes. The familiarisation tour commenced on Wednesday, 14 October 2026. While at the Lagos State Police Command Headquarters, Ikeja, the Acting Comptroller was received by the Commissioner of Police, Lagos State, CP Tijani Fatai. Other agencies visited include the Department of State Services (DSS); Headquarters, 81 Division, Nigerian Army; the National Drug Law Enforcement Agency Strategic Command(NDLEA); the Nigeria Immigration Service (NIS); and the 9 Brigade, Nigerian Army, Ikeja. The engagements, according to the statement issued by the Public Relations Officer of the unit, Chief Superintendent of Customs CSC Hussaini Abdullah...

Fidelity Bank, Foremost Radiology Champions Early Breast Cancer Detection

As Nigeria joins the global campaign for breast cancer awareness, Fidelity Bank Plc and Foremost Radiology are encouraging women to recognise possible warning signs, seek professional medical advice and take timely action when they notice unusual changes. The initiative is being implemented through "HerFidelity",  the women focused proposition of Fidelity Bank, as part of activities marking Breast Cancer Awareness Month. Breast cancer may present through a lump or thickening, changes in the size or shape of the breast, changes to the skin or nipple, or unusual nipple discharge. Some of these changes may not be accompanied by pain. Although such symptoms do not necessarily indicate cancer, health professionals advise that unusual changes should be evaluated promptly. Early diagnosis, timely evaluation and access to appropriate treatment remain critical to improving breast cancer outcomes. This message forms the foundation of the HerFidelity campaign, which seeks to move breast...

How Nigerians Abroad Can Grow Wealth at Home

By Tolulope Rojaiye A Nigerian professional in London closes her laptop after another workday. In Toronto, a family reviews its financial plans for the next few years. In Houston, an entrepreneur considers what to do with money set aside for a future commitment in Nigeria. Their circumstances may differ, but they face a similar financial decision. If the money will not be needed immediately, should it remain idle, or can it be positioned to earn a return. This question is becoming more important as the Nigerian diaspora market grows beyond traditional remittances. World Bank data put personal remittances received by Nigeria at approximately 22.8 billion US dollars in 2025, equivalent to about 7.8 percent of Gross Domestic Product. Data from the Central Bank of Nigeria also show that workers remittances reached 5.24 billion US dollars in the third quarter of 2025. These figures highlight the scale and resilience of financial inflows from Nigerians living abroad. They also point to a bro...

Comptroller Mu'azu Visits Ports Authority Police (Western) Command, Pledges Stronger Inter-Agency Synergy

A s part of efforts to consolidate existing inter-agency cooperation and strengthen security within the nation's maritime environment, the newly appointed Customs Area Controller of Apapa Customs Area Command, Comptroller Murtala Mu'azu, paid a familiarization and courtesy visit to the Ports Authority Police (Western) Command. The new Customs Area Controller during the visit, assured the Commissioner of Police of his willingness and readiness to work closely with the Command towards strengthening the existing synergy between both agencies. He reiterated his commitment to fostering mutual cooperation, effective intelligence sharing, and operational collaboration in the collective pursuit of a safe, secure, and economically viable maritime environment. Mu'azu  further emphasised the importance of maintaining a harmonious working relationship between the Nigeria Customs Service and the Nigeria Police Force, noting that sustained inter-agency collaboration remains critical to...