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NOTAP Showcases Nigeria’s Innovation Potential At New York Stock Exchange

BY EUNICE ORIKE, Abuja The Director-General of the National Office for Technology Acquisition and Promotion (NOTAP), Obiageli Amadiobi has showcased Nigeria’s technology and innovation potential at the New York Stock Exchange (NYSE), United States. Amadiobi made the presentation during an appearance at the prestigious exchange, following an invitation by OPay Digital Services Limited in connection with its listing at the NYSE. She used the opportunity to highlight Nigeria’s growing technology ecosystem and NOTAP’s efforts to transform research findings into commercially viable products and services. The NOTAP boss outlined some of the agency’s key initiatives, including the commercialisation of research results from Nigerian knowledge institutions and the establishment of 69 Intellectual Property and Technology Transfer Offices (IPTTOs) across the country. Amadiobi outlined some of the agency’s key initiatives, including the commercialisation of research results from Nigeri...
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NUPRC Offers Investors 40 Oil, Gas Blocks With Incentives

BY CHIKA OKEKE, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has offered interested investors in the oil and gas sector attractive incentives for the 40 oil and gas blocks ahead of the 2026 licensing round. This is even as the commission insisted that Nigeria has stable climate for investment despite the global energy tension, calling on investors to utilise the opportunities in the midstream and downstream sector to establish viable businesses. Chief Executive of NUPRC, Oritsemeyiwa Eyesan stated this at a roundtable discussion during the 2026 Abu Dhabi International Petroleum Exhibition and Conference in Abu Dhabi, with the theme: “Energy Sovereignty in an Interconnected World: Aligning National Priorities, Markets and Global Security.” Head of Media and Corporate Communications of the NUPRC, Eniola Akinkuotu informed journalists in Abuja, that the bidding portal for the licensing round would officially open on third week of November, adding that Ni...

FMBN Seeks Effective Oversight To Protect Homebuyers, Financiers

BY CHIKA OKEKE, Abuja Shehu Usman Osidi The Federal Mortgage Bank of Nigeria (FMBN) has sought effective oversight to protect homebuyers, financiers and property investments, calling for stronger regulation of the realty sector. Managing Director/Chief Executive of FMBN, Shehu Usman Osidi disclosed this at the Stakeholders' Conference on the Proposed National Real Estate Regulatory Authority (NRERA) in Abuja, with the theme: “One Vision, One Ecosystem, One National Housing and Real Estate Plan.” ‎Citing the bank’s commitments in financing housing projects and supporting residential property developers, Osidi lamented that some developers who, despite receiving construction financing and securing allocations for National Housing Fund (NHF) contributors, failed to hand over houses to beneficiaries. He stated that such properties were reportedly resold to other purchasers, while other developers abandoned projects, failed to commence construction after collecting funds or ...

FG To Establish Electric Bicycle Assembly Plant In C’River

BY CHIKA OKEKE, Abuja Senator John Owan-Enoh The Federal Government has advanced plans to establish an electric bicycle assembly plant in Cross River, ahead of the proposed meeting with the State government to ascertain the exact location of the industry. Minister of State for Industry, Federal Ministry of Industry, Trade and Investment, Senator John Owan-Enoh stated this during a Manufacturing and Micro, Small and Medium Enterprises (MSMEs), Town Hall Meeting held at the Dome, Calabar Municipal Garden. He stated that 75 acres of land had been allocated in Calabar for an automotive related project, while an automotive training centre is under construction by the National Automotive Design and Development Council (NADDC). Owan-Enoh indicated the Federal Government’s grant programmes, mentorship and digital business development initiatives benefiting more than 2,000 residents across the state’s 18 Local Government Areas. The minister highlighted the interventions designed to ...

Veenocks Attracts US$145m Loan, To Create 300 Jobs

BY CHIKA OKEKE, Abuja One of the foremost porcelain tile manufacturing companies in Sagamu, Ogun State, Veenocks Limited has attracted a US$145 million loan for development, expansion and regional growth, courtesy of the African Export-Import Bank (Afreximbank). The Afreximbank offered the support to Veenocks through its Project Preparation Facility (PPF) and an US$81.9 million senior term loan, expected to raise annual production capacity to 9.9 million square metres. Afreximbank and Veenocks had signed a US$2 million project preparation facility agreement in August 2024 to finance technical, commercial, financial, legal, environmental and social studies needed to establish the project’s bankability. Financed through the PPF, the interventions enabled Veenocks to broaden its growth ambitions by pursuing regional opportunities over the medium term, with target markets including Togo, Benin, Burkina Faso, Niger, Cameroon, Ghana, Mauritania and Senegal. The bank’s US$81.9 mil...

At UAE, FG Entices Investors With $50bn Offshore Project

BY CHIKA OKEKE, Abuja The Federal Government has enticed investors with a mouth-watering package, offering $50 billion investment for the Deep Offshore Oil and Gas projects. President Bola Tinubu had on August 6, 2026, signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, designed to attract up to $50 billion in new investments into Nigeria's deepwater sector. The Minister of State Petroleum Resources (Oil) Sen. Heineken Lokpobiri stated this at the ongoing Abu Dhabi Petroleum Exhibition and Conference in the United Arab Emirate (UAE). In his presentation titled: “Competing for Capital: who will win the next wave of energy investment?”, the minister declared Nigeria safe and predictable for investment. He disclosed that the crisis in the Strait of Hormuz would not affect investments in Nigeria due to its location.  “It is important for me to mention here that Nigeria is located in a place where we may not be affected by what is going on in the ...

NITDA Moves To Translate Digital Literacy Into Economic Growth

BY CHIKA OKEKE, Abuja Kashifu Inuwa The National Information Technology Development Agency (NITDA) has sought stronger partnerships among industry players, academic institutions and innovation ecosystem stakeholders to boost productivity, translate digital literacy into sustainable economic growth and close Nigeria’s digital skills gap. NITDA Director General, Kashifu Inuwa stated this at the MTN Breakfast Session during the just concluded Nigerian Economic Summit (NES32) in Abuja, with the theme: “When Transnationals Invest.” Inuwa harped on the need for a coordinated national strategy for digital skills development, urging stakeholders to move away from fragmented initiatives and adopt a unified approach that aligns education and training with industry demands. He cautioned that the persistent disconnect between academic institutions, industry players and the innovation ecosystem continued to undermine efforts to develop a workforce capable of meeting Nigeria’s changing e...