General News
First Bank Supports Local Content in Petrolog on Marine Vessel

First Bank of Nigeria Limited has given a boost to the capability of one of its corporate customers, Petrolog, by funding the acquisition of a brand new ABS classed Dynamic Positioning (DP2) Dive support Vessel “DSV Vinnice”, as part of its continued drive to improve local content in the nation’s oil and gas industry.
The vessel which is 85 metres long with a beam of 22 meters is the largest indigenously owned DSV in its class and is capable of providing diving, offshore construction and field support.
It is equipped with 4 point mooring system, 100 tons AHC Crane, Shaft generators for the two bow thrusters and two firefighting pumps.
It is powered by 3 main 800kW Caterpillar generators, the vessel is also equipped with a 192kW emergency generator and the saturated diving system is powered by dedicated 800kW main and 400kW emergency generators.
The Vessel is also equipped with an ABS classed Air dive system for more shallow subsea diving activities and will be commissioned for business operations on Tuesday, March 3, 2015.
The Insurance on the vessel was packaged by FBN Insurance Brokers with a consortium of indigenous insurance companies led by Leadway Assurance, AIICO Insurance and FBN Insurance Limited.
According to Bisi Onasanya, group managing director/chief executive officer of FirstBank, the Bank is delighted to be a part of this major milestone achievement by supporting indigenous participation and local content in the nation’s oil and gas sector, especially the upstream end.
This further demonstrates the bank’s commitment to increase the capability of corporate customers as we continue to put them first in the heart of her business.
He promised the bank’s continued partnership with and assistance to the company to enable it fulfill its vision and corporate objective of being an industry leader in the provision of support services to the oil and gas companies.
Dr. Vincent Ebuh, executive chairman of Petrolog limited, commended the Bank for believing in the management by supporting their dream from inception, a factor he said helped them to realize the company’s goals and business objectives.
“FirstBank has been helpful from day one; they have provided us with the financial muscle needed to succeed in our line of business,” he said.
Petrolog Limited, a found PETAN member is the leading and the biggest indigenous service provider in the upstream sector of the oil and gas industry.
With over 30 years of industry experience, the company provided detailed engineering services, Offshore drilling, Down hole analysis, Subsea solutions and vessel chartering services in Nigeria and across the continent.
General News
FG Launches NERD to Combat Certificate Fraud

Federal government has taken a significant step to enhance the integrity of Nigeria’s education system by deploying the Nigeria Education Repository and Data Bank (NERD), a national digital platform that secures, digitizes, and authenticates academic records across all tertiary institutions.

Forgery
Maruf Tunji Alausa, minister of Education, unveiled the initiative during the National Capacity Building Programme for institutional representatives, underscoring NERD’s importance as a critical national infrastructure for safeguarding academic credentials and strengthening education data governance.
“NERD is essential to our reform agenda under the leadership of President Bola Ahmed Tinubu,” Alausa stated.
“It ensures reliable digital preservation and verification of academic records, which is vital for maintaining the credibility of our education system.”
According to Alausa, in the brief span of four months since its implementation, NERD has made remarkable progress, successfully preserving nearly 100,000 digital student submissions and integrating over 250 tertiary institutions.
The platform has also enrolled more than 133,000 students and 6,800 lecturers, significantly enhancing the academic record-keeping process.
Alausa highlighted that the initiative is a proactive measure against certificate fraud, noting recent investigations that revealed cases involving fraudulent foreign credentials procured from unaccredited institutions.
This underscores the urgency of protecting the integrity of academic qualifications in Nigeria.
Furthermore, the Ministry announced that participation in the NERD system will soon become a prerequisite for either participation in or exemption from the National Youth Service Corps scheme, reinforcing the initiative’s impact on the educational landscape.
The Federal Government remains committed to building a transparent, digitally verifiable, and globally respected education system, ensuring that the integrity of academic records is upheld across the nation.
General News
Goodnews Naija Launches ‘Building in Nigeria’ Series on Entrepreneurs, Real Sector Builders

Goodnews Naija Podcast, a digital platform dedicated to highlighting positive, uplifting stories and innovations from Nigeria, has launched Building in Nigeria, a documentary-style series aimed at spotlighting entrepreneurs and businesses contributing to economic activity and job creation across the country.

The series explores the realities of running and scaling businesses in Nigeria, featuring founders, operators, and innovators across sectors including manufacturing, services, agriculture, and sustainability.
Through interviews and on-ground visuals from workshops, markets, factories, and small offices, the programme examines the operational discipline, challenges, and execution processes required to build viable enterprises in a complex business environment.
Damilola Kehinde, host of the series, said the programme focuses on entrepreneurs whose contributions to economic progress often receive limited visibility.
According to the producer, Memunat Oladepo, the series seeks to move beyond surface narratives by providing practical insights into how Nigerian businesses are started, sustained, and grown despite infrastructure gaps, funding constraints, and market volatility.
The organisers said Building in Nigeria is targeted at entrepreneurs, investors, and policy-interested audiences seeking grounded perspectives on enterprise development in the country.
The first season is scheduled to premiere on March 11, 2026, across Goodnews Naija’s YouTube channel, social media platforms, and podcast platforms, where it recorded over 24 hours of viewership within the first day of release.
General News
FCCPC Bans Lagos ‘No Refund’ Policy, Vows Fines and Shutdowns for Traders

Federal Competition and Consumer Protection Commission (FCCPC) has warned Lagos traders against enforcing the unlawful “no return, no refund” policy, declaring it illegal under the Federal Competition and Consumer Protection Act (FCCPA) 2018.

FCCPC
Dr Olubunmi Otti, FCCPC Southwest Zonal Coordinator, issued the directive during the inauguration of new executives of the Phone and Allied Products Dealers Association (PAPDA) on Wednesday, stressing consumer education as the strongest defence against market exploitation.
“There is no such thing as ‘no return, no refund’. If a product does not fulfil its intended purpose, the consumer has the right to return it,” Otti declared, adding the commission mediates complaints for refunds, replacements, or exchanges.
Non-compliant businesses face fines, product withdrawals, seizures, prosecutions, or shutdowns. Otti noted thousands of monthly complaints via the FCCPC portal in the Southwest alone, with sensitisation expanding to Alaba Market and Trade Fair Complex.
She urged consumers: “When your rights are violated, do not just say, ‘You give it to God.’ Bring your complaints to the FCCPC. The law empowers us to protect you,” while calling for traders’ collective responsibility to ensure quality products and services.
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