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PRESIDENT BUHARI DIRECTS INCORPORATION OF NNPC LTD, APPOINTS BOARD

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President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited.
This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company.

The Group Managing Director of the NNPC, Mr Mele Kolo Kyari, has, therefore, been directed to take necessary steps to ensure that the incorporation of the NNPC Limited is consistent with the provisions of the PIA 2021.

Also, by the power vested in him under Section 59(2) of the PIA 2021, President Buhari has approved the appointment of the Board and Management of the NNPC Limited, with effect from the date of incorporation of the Company.

Chairman of the Board is Senator Ifeanyi Ararume, while Mele Kolo Kyari and Umar I. Ajiya are Chief Executive Officer, and Chief Financial Officer, respectively.


Other Board Members are; Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Senator Margaret Chuba Okadigbo (South East), Barrister Constance Harry Marshal (South South), and Chief Pius Akinyelure (South West).

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Abolanle Matel-Okoh: The Quiet Billionaire Behind Wema Bank’s Rise

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In a country where wealth often comes with loud fanfare and a strong media presence, Abolanle Matel-Okoh stands out—not just for her immense fortune, but for the grace and quiet strength with which she wields influence in Nigeria’s financial sector.

The daughter of gaming tycoon and revered business icon, Sir Kessington Adebutu (famously known as Baba Ijebu), Matel-Okoh has quietly climbed the ranks to become the richest female shareholder of a publicly quoted company in Nigeria. Her substantial holdings in Wema Bank Plc, one of Nigeria’s oldest and most resilient financial institutions, place her in a class of her own.

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Nigerian Business Tycoon Kunle Soname Expands Multi-Million Dollar Empire Across Sports and Aviation Sectors

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Prominent Nigerian businessman and investor Kunle Soname, founder of leading betting platform Bet9ja, has solidified his position as one of the country’s most influential entrepreneurs with a diverse portfolio spanning sports, aviation, and entertainment.

Bet9ja: A Gaming Powerhouse

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In a bid to foster stronger inter-agency collaboration and deepen the integration of national identity management within Nigeria’s education sector, the Director General and Chief Executive Officer of the National Identity Management Commission (NIMC), Engr. (Dr) Abisoye Coker-Odusote, recently paid a high-level courtesy visit to the Executive Secretary of the Universal Basic Education Commission (UBEC), Hajiya Aisha Garba.

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By Bryan Hamman, Regional Director: Africa at NETSCOUT

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Roberta Edu, the visionary CEO of MOPPETS, Nigeria’s pioneering indigenous baby formula brand, has just dropped a bombshell revelation: Spar Market isn’t just another supermarket—it’s the Harvard of retail operations in Nigeria. And if you’re in the business of selling products, you’d better take notes.

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There’s a place in Onitsha that changes everything you thought you knew about Anambra’s social scene. The moment you step into Drinks.ng, you feel it – that electric energy of a space designed for those who appreciate the finer things. The sleek modern interior, the expertly crafted cocktails, the impressive selection of premium spirits displayed like works of art – this isn’t just a bar, it’s a destination.

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The National Agency for Science and Engineering Infrastructure (NASENI) and Caverton Helicopters have commenced the second batch of training for 10 selected female engineers and scientists from NASENI system-wide in Unmanned Aerial Vehicles (UAVs) technology.

 

The six-week training program, which kicked off on Monday 7th of April 2025 at Caverton’s training school in Ikeja, Lagos, is part of the NASENI-Caverton, (NASCAV) ongoing partnership agreement to strengthen the aviation mandate of NASENI.

 

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NCC Launches Groundbreaking Protection for Nigerians’ Unused Airtime, Introduces 12-Month Recovery Window

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In a historic move for Nigeria’s telecom sector, the Nigerian Communications Commission (NCC) today announced sweeping reforms that will safeguard millions of naira in unused airtime from disappearing when phone lines are deactivated. The bold new protections, unveiled during a national stakeholder forum, represent the most significant consumer rights advancement in Nigeria’s digital age.

Speaking at the virtual gathering, Mrs. Chizua Whyte, NCC’s Head of Legal & Regulatory Services, painted a vivid picture of the human impact behind the policy shift. “We’re talking about market women who save for weeks to buy airtime, students rationing credit for online classes, and entrepreneurs depending on every naira for their business communications,” she said. “These aren’t just numbers on a balance sheet—they’re the lifeblood of Nigeria’s digital economy.”

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