Category: Business

  • Mutfwang reaffirms commitment to youth innovation at Plateau Technology Festival

    Mutfwang reaffirms commitment to youth innovation at Plateau Technology Festival

    JOS, Nigeria (NPA) — Governor Caleb Mutfwang of Plateau State has reaffirmed his administration’s commitment to investing in young people through science, technology and innovation.

    Mutfwang made the pledge while declaring open the Plateau State Science, Technology and Innovation Festival (PLASSTIFEST), describing innovation as a key driver of job creation, economic growth and sustainable development.

    The governor said the state government had concluded arrangements to connect skilled youths in Plateau to global outsourcing opportunities, adding that hundreds of young people were already undergoing screening for the programme.

    According to him, the initiative forms part of the state’s Year of Technology Advancement agenda aimed at creating pathways for innovation and employment.

    Mutfwang also highlighted the achievements of a young innovator from Bokkos Local Government Area who designed and built a prototype vehicle.

    He disclosed that the government had engaged the innovator to produce 200 hand tillers to support agricultural mechanisation and boost productivity across the state.

    “The future belongs to innovators, and Plateau State will continue to support young people with the ideas, talent and determination to transform our society,” the governor said.

    He reiterated his administration’s commitment to creating an enabling environment for innovation-driven development and empowering youths to compete in the global economy.

    Development experts concur with Governor Mutfwang that technology remains one of the most powerful drivers of economic empowerment. They note its capacity to generate jobs, broaden access to global opportunities, and lift people out of poverty—particularly in underserved and rural communities. By investing in innovation and digital skills, the state government is equipping more young people to build sustainable livelihoods and contribute meaningfully to Enugu’s economic growth.

  • Bahamas seeks deeper Africa-Caribbean trade ties at Afreximbank roadshow

    Bahamas seeks deeper Africa-Caribbean trade ties at Afreximbank roadshow

    NASSAU, Bahamas (NPA) — The Prime Minister of The Bahamas, Philip Davis, has highlighted the growing partnership between Africa and the Caribbean, describing it as a strategic alliance built on trade, investment, entrepreneurship and sustainable economic development.

    Davis made the remarks at the Afreximbank Bahamas Roadshow 2026, where he underscored the importance of strengthening economic ties between The Bahamas and African nations.

    According to the Prime Minister, the relationship has continued to gain momentum since the signing of a Memorandum of Understanding between The Bahamas and the African Export-Import Bank (Afreximbank) in 2023.

    He acknowledged the bank’s support for several development initiatives in the country, including infrastructure financing and a US$30 million facility provided through the Bahamas Development Bank to expand access to capital for small and medium-sized enterprises.

    Davis said the partnership is creating new opportunities for businesses, investors and entrepreneurs while supporting economic growth and job creation.

    The Prime Minister also highlighted plans for the proposed Afro-Caribbean Marketplace and Logistics Centre in Grand Bahama, describing it as a transformative project that could significantly enhance trade and investment flows between Africa and the Caribbean.

    According to him, the initiative is expected to serve as a commercial hub, facilitating stronger business linkages and opening new markets for goods and services across both regions.

    He noted that closer collaboration between Africa and the Caribbean would help unlock shared economic opportunities and strengthen cultural and historical ties between the two regions.

    The Afreximbank Bahamas Roadshow forms part of broader efforts by the bank to deepen its engagement across the Caribbean and advance the Global Africa agenda.

    Stakeholders at the event emphasised the importance of building stronger economic partnerships capable of driving sustainable development, expanding trade and fostering greater private sector participation.

    As Afreximbank continues to broaden its footprint in the Caribbean, the roadshow is expected to further strengthen cooperation between African and Caribbean economies while creating new pathways for investment and shared prosperity on both sides of the Atlantic.

  • TCN restores power supply to northern states after maintenance on Mando-Kumbotso line

    TCN restores power supply to northern states after maintenance on Mando-Kumbotso line

    ABUJA, Nigeria (NPA) — The Transmission Company of Nigeria (TCN) has restored bulk electricity transmission through the Mando–Kumbotso 330kV transmission line following the successful completion of scheduled maintenance works.

    TCN announced that the transmission line was restored to service at 4:33 p.m. on Saturday, May 31, 2026, bringing an end to the planned outage that temporarily disrupted power supply across parts of northern Nigeria.

    In a statement signed by the General Manager, Public Affairs, Mrs Ndidi Mbah, the company said normal bulk power transmission has resumed to Kano, Katsina and Jigawa states, as well as parts of Bauchi and Yobe states.

    The restoration also reconnects Gazaoua in the Republic of Niger to the electricity supply through the Kano Electricity Distribution Company (KEDCO).

    TCN thanked electricity consumers for their patience and understanding during the maintenance period.

    Earlier, Newpost Africa reported that the company had announced a planned outage on the Mando–Kumbotso 330kV transmission line from 9:00 a.m. to 4:00 p.m. on Sunday, May 31, to enable maintenance activities on the critical transmission infrastructure.

    The outage affected electricity supply to customers served by KEDCO across Kano, Katsina and Jigawa states, parts of Bauchi and Yobe states, as well as consumers in Gazaoua, Niger Republic.

    With the maintenance work completed and the transmission line restored, affected areas are expected to experience a gradual return to normal electricity supply.

  • Arukwe drives NNPC Foundation’s expanding social impact agenda across Nigeria

    Arukwe drives NNPC Foundation’s expanding social impact agenda across Nigeria

    ABUJA, Nigeria (NPA) — The Nigerian National Petroleum Company (NNPC) Ltd. has highlighted the leadership journey and impact of Mrs Emmanuella Arukwe, Managing Director of the NNPC Foundation, describing her as a key figure behind the organisation’s growing corporate social responsibility initiatives across the country.

    In a profile published on Sunday and titled “A Woman. A Foundation. Unforgettable Impact,” NNPC traced Arukwe’s personal and professional journey, detailing her rise from a legal and corporate governance professional to becoming the pioneer Managing Director of the Foundation.

    According to the company, Arukwe played a significant role during NNPC’s transition from a corporation to a limited liability company, serving as Acting Company Secretary and helping coordinate numerous board and committee meetings during the transformation process.

    Since assuming leadership of the NNPC Foundation, she has overseen programmes focused on healthcare, education, entrepreneurship, energy access and environmental sustainability.

    The Foundation has also gained continental recognition, winning multiple honours at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa CSR Awards, including the Most Responsible Organisation in Africa Award.

    Among its flagship interventions is a nationwide cataract treatment programme that has screened more than 23,000 Nigerians and facilitated over 6,000 surgeries aimed at restoring sight to visually impaired citizens.

    The Foundation recently commissioned a 1.5 Tesla Magnetic Resonance Imaging (MRI) machine at the Nnamdi Azikiwe University Teaching Hospital, Nnewi, to improve access to advanced diagnostic services in the South-East region.

    Arukwe said the Foundation’s interventions are designed to create measurable impact while improving public perception of NNPC through community-focused projects.

    She noted that the organisation relies on data-driven decision-making while maintaining empathy in addressing social challenges.

    The Foundation has also expanded its youth empowerment efforts through financial literacy, entrepreneurship and business development programmes, including initiatives targeted at National Youth Service Corps (NYSC) members.

    In collaboration with the Corporate Affairs Commission (CAC), participants in the programme received discounted business registration services to encourage entrepreneurship among young Nigerians.

    Beyond programme implementation, Arukwe has remained an advocate for mentorship and women’s leadership development within the energy sector.

    She described the establishment of Women in NNPC (WIN) as one of the organisation’s important initiatives aimed at strengthening female representation and leadership opportunities.

    Reflecting on her career, Arukwe said her goal is to leave a legacy of service and impact through initiatives that improve lives and support national development.

    According to NNPC, the Foundation remains committed to delivering sustainable interventions that address critical social needs while supporting the company’s broader commitment to national development.

  • TCN announces planned power outage across Kano, Katsina, Jigawa, Bauchi, Yobe and Niger Republic

    TCN announces planned power outage across Kano, Katsina, Jigawa, Bauchi, Yobe and Niger Republic

    ABUJA, Nigeria (NPA) — The Transmission Company of Nigeria (TCN) has issued a Notice of Planned Outage on the Mando–Kumbotso 330kV Transmission Line, scheduled for Sunday, May 31, 2026, from 9:00 a.m. to 4:00 p.m.

    According to a statement signed by Ndidi Mbah, GM Public Affairs, the outage is necessary to enable TCN’s maintenance crew to repair a damaged Red Phase Conductor on Tower T187 along the line route.

    As a result, the Kano Electricity Distribution Company (KEDCO) will be unable to supply electricity to customers across Kano, Katsina, and Jigawa States, as well as parts of Bauchi and Yobe States. Consumers in Gazaoua, the Niger Republic, will also be affected.

    TCN emphasised that the annual maintenance is critical to ensuring the reliability and safety of the grid, noting that such preventive work helps avert larger disruptions in the future.

    The company apologised for any inconvenience caused and assured that the power supply would be restored immediately after the completion of the scheduled work.

  • Nigeria, AfDB sign aviation deal to boost infrastructure, fleet modernisation

    Nigeria, AfDB sign aviation deal to boost infrastructure, fleet modernisation

    BRAZZAVILLE, Congo (NPA) — The Federal Government of Nigeria has signed a partnership agreement with the African Development Bank (AfDB) aimed at modernising aviation infrastructure, improving regional connectivity and strengthening airline competitiveness across Africa.

    The agreement was signed on Thursday on the sidelines of the 2026 Annual Meetings of the African Development Bank Group in Brazzaville, Congo.

    Speaking at the signing ceremony, the Director of PICU at the AfDB, Mike Salawou, described the agreement as a major continental initiative designed to transform Africa’s aviation ecosystem.

    Salawou said the partnership would focus on aviation infrastructure development, improved connectivity, private sector investment and the modernisation of airline operations across the continent.

    He noted that despite Africa accounting for about 18 per cent of the global population, airlines on the continent still represented only a small fraction of global air transport operations.

    According to him, the disparity reflects longstanding challenges facing the sector, including infrastructure gaps, fragmented markets and limited access to long-term financing.

    Salawou said Nigeria, being Africa’s largest aviation market, was strategically positioned to lead the continent’s aviation transformation agenda.

    He added that Nigeria had become the first country to sign a country compact under the AfDB aviation transformation programme.

    In his remarks, the Minister of Aviation and Aerospace Development, Festus Keyamo, said stronger air connectivity remained critical to unlocking Africa’s potential in trade, tourism and investment.

    Keyamo said the agreement represented a significant milestone in efforts to improve the competitiveness of African airlines and expand aviation capacity across the continent.

    According to him, the AfDB initiative will help modernise airline fleets and create access to competitive financing models similar to those available in other regions of the world.

    The minister said the Nigerian government had given its full backing to the partnership, stressing that the initiative aligns with ongoing reforms aimed at repositioning the country’s aviation sector.

    (NAN)

  • AfDB appoints Festus Keyamo to lead $7bn African aviation transformation programme

    AfDB appoints Festus Keyamo to lead $7bn African aviation transformation programme

    ABUJA (NPA) — The African Development Bank (AfDB) has appointed Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, as the African Champion to spearhead its ambitious Integrated Aviation Transformation Programme for Africa (IATP).

    The announcement was made in Brazzaville, Congo, on May 27, 2026, ahead of the AfDB Annual Meeting. A formal Letter of Intent between Nigeria and the Bank is scheduled to be signed today, May 28, 2026.

    According to the AfDB, the programme will mobilize $7 billion to modernise aviation infrastructure, strengthen regional connectivity, and enhance safety standards across the continent. The Bank noted that Africa accounts for less than 3 per cent of global air traffic, despite representing 18 per cent of the world’s population, underscoring the urgent need for transformation.

    In its statement, the AfDB praised Keyamo’s “knowledge, commitment, and passion” for aviation reform, citing Nigeria’s recent policy initiatives and infrastructure upgrades as a model for continental progress.

    Tunde Moshood, Special Adviser on Media and Communications to the Minister, confirmed the appointment, saying: “Due to Nigeria’s leadership and vision regarding policy reforms aimed at transforming the aviation sector, the African Development Bank has appointed Nigeria’s Aviation Minister, Festus Keyamo, as the African Champion to drive its programme designed to substantially invest in aviation across Africa.”

    The IATP will focus on:

    • Modernising aviation infrastructure across African states.
    • Mobilising private and institutional capital through public‑private partnerships.
    • Strengthening policy coordination and capacity building.
    • Enhancing regional connectivity to boost trade, tourism, and economic growth.

    This appointment positions Nigeria as a strategic hub for continental aviation development and signals AfDB’s confidence in Keyamo’s leadership to deliver results at scale in line with its vision for the sector.

  • IBEDC apologises for unmet power supply hours, pledges restoration

    IBEDC apologises for unmet power supply hours, pledges restoration

    IBADAN, Nigeria (NPA) — The Ibadan Electricity Distribution Company (IBEDC) has issued a public announcement listing its Band A feeders that experienced unmet hours of electricity supply on May 25, 2026.

    In a notice, signed by the Management, IBEDC expressed regret for its inability to deliver the estimated hours of power supply to affected customers.

    The company attributed the shortfall to Transmission Company of Nigeria (TCN) forced and planned outages, IBEDC forced outages, load shedding, overcurrent and earth faults, and disconnections for non‑payment.

    IBEDC confirmed that all affected feeders have now been restored except the Moniya Railway 33kV feeder, which remains disconnected. The company assured customers of its commitment to delivering the expected hours of supply and improving service reliability.

    The company, while pledging dedication to transparency and customer satisfaction, listed several feeders across its network, including Poly Plant, Mamba Plant, MODER Plastic, Akimadex, and Eleruwa, with detailed explanations for each outage.

  • FAAN engages international airlines to improve passenger experience

    FAAN engages international airlines to improve passenger experience

    LAGOS, Nigeria (NPA) — The Federal Airports Authority of Nigeria (FAAN) has intensified efforts to strengthen collaboration with international airline operators as part of measures aimed at improving passenger experience and service delivery across the country’s airports.

    The Director of Public Affairs and Consumer Protection, Henry Agbebire, held an interactive meeting with members of the International Airlines Association of Nigeria (IAAN) at the Murtala Muhammed International Airport in Lagos.

    The engagement provided both parties with an opportunity to discuss issues of mutual interest, particularly challenges affecting airport operations and customer satisfaction.

    Speaking during the session, Agbebire said the meeting was organised to foster a stronger working relationship between the Department of Protocol and Passages and airline operators, while also creating an avenue to listen to concerns raised by the airlines.

    Representatives of the international airlines highlighted several operational challenges, including inadequate signage around ongoing landside construction works, insufficient lifts, shuttle bus difficulties, and concerns over airside ramp markings affected by construction activities.

    The airlines also called for increased support from airport authorities to further enhance passenger comfort and overall customer experience.

    Responding, the FAAN director assured stakeholders that all issues and observations raised during the meeting would be carefully reviewed in line with efforts to improve operational standards and service delivery at Nigerian airports.

  • ECOWAS inspects Nigeria–Cameroon border post to boost trade and mobility

    ECOWAS inspects Nigeria–Cameroon border post to boost trade and mobility

    CALABAR, Nigeria (NPA) — The Economic Community of West African States (ECOWAS) has launched a strategic monitoring and inspection mission at the Ekok/Mfum joint border post between Nigeria and Cameroon, aimed at strengthening regional integration and improving cross‑border trade.

    The mission, which runs from May 18 to 22, 2026, is led by Dr. Ashoke Maliki, Head of Roads and Railways Service at the ECOWAS Transport Directorate, on behalf of Mr. Chris Appiah, Director of Transport. According to ECOWAS, the team is assessing the operational efficiency of the border post, reviewing customs clearance times, and examining compliance with regional protocols on the free movement of people, goods, and services.

    Officials say the inspection will help identify bottlenecks hindering trade and transport, while engaging border agencies and stakeholders to develop recommendations for greater efficiency, security, and fluidity along the corridor.

    The Ekok/Mfum border post, strategically located on the Nigeria–Cameroon frontier, serves as a vital transit hub linking West Africa and Central Africa, making it a key focus for ECOWAS’ regional integration agenda.