General News
Oando Awards N100m Engineering Contract, Upgrade LPG Terminal
Oando Plc, a major player in the nation’s downstream sector, has said that plans were afoot to upgrade its LPG terminal, Apapa, Lagos to an ultra-modern 7,600 metric tonne capacity facility, as part of efforts aimed at boosting the Liquefied Petroleum Gas (LPG) sector
The move, according to the company, was in line with its commitment to ensuring adequate availability of LPG otherwise known as cooking gas in the Nigerian market.
Consequently, Oando said it had awarded a Front-End Engineering and Design (FEED) contract to a United Kingdom-based engineering design and project management firm, Optimus Services Limited (OSL).
The contract, to be executed at a cost of N100 million, is to be completed by next year, and would form an integral part of acquiring all necessary regulatory appro-vals.
Meanwhile, the construction of the ultra-modern terminal is fixed for early next year, but it is subject to approval from the regulatory agency, whilst full operation is expected to commence by the end of first quarter of 2011.
Speaking on the contract, Ayo Ajose Adeogun, chief operating officer, Oando Marketing, said: “With this contract, we have moved the project a step closer to commercialisation. Increasing product reception capacity supports abundance of product stock. In turn, this will guarantee retail availability and make gas more affordable. Our ultimate objective is to encourage consumers to switch from wood and kerosene to cleaner and safer cooking gas. Oando is also committed to product storage optimisation with an effective market-leading freight system that will achieve two to three complete storage turns per month,” he noted.
Also commenting on the awarded contract, Group Chief Executive Officer, Oando Plc, Mr. Wale Tinubu, said: ÒIt is regrettable that despite Nigeria being the world’s 7th largest in gas reserves with 187 trillion cubic feet (tcf), the country has the lowest per capital consumption of LPG in the whole of Africa at only 0.45kg per person per annum, due to a lack of adequate infrastructure. For instance, the country has less than 20,000 metric tonnes functioning LPG shoreline storage available today as against the required 100,000 metric tonnes. Our ultra-modern terminal when completed by 2011 would provide in excess of 20 per cent of the total storage requirement of the entire nation. This bold step underpins Oando’s commitment to put an end to Nigeria’s perpetual LPG shortages in the long term.
He continued, “As inadequacies exist right across the supply chain, we will also enhance product availability at the retail end by injecting 100,000 units of high grade cylinders yearly. All these are geared toward ensuring that we maintain market leadership in a profitable sector and thus increase return to our shareholders”
The project will further consolidate Oando’s leadership position of the downstream oil industry and enable it to dominate the domestic gas market.
Oando has consistently invested in critical energy infrastructure that will encourage mass utilisation of safe and affordable fuel alternatives across the socio-economic strata in Nigeria.
General News
Kano Confirms 2 Mpox Cases

Kano State Centre for Disease Control (KNCDC) has confirmed two cases of Mpox, formerly known as monkeypox- an infectious viral disease caused by the monkeypox virus, which belongs to the Orthopoxvirus genus.
KNCDC however said that both patients affected have fully recovered and discharged from medical facility.
Prof. Muhammad Adamu Abbas, director general of KNCDC, disclosed this during a media parley on Monday, revealing that the cases were recorded in Kano Municipal local government area and Ungogo local government areas, respectively.
“We have handled both cases successfully. The patients have been treated and discharged home,” Prof. Abbas stated, adding that all traced contacts, however, tested negative for the disease.
He explained that the confirmation comes following an advisory from the National Center for Disease Control and Prevention (NCDC), urging heightened vigilance against potential disease outbreaks, including COVID-19, viral hemorrhagic fevers like Ebola, Lassa fever, Marburg, and Mpox.
Prof. Abbas emphasised Kano’s vulnerability as Nigeria’s commercial hub, noting the constant influx and outflow of people. “Even though we don’t have international borders, we border states that do have international boundaries with neighbouring countries, making vigilance highly necessary,” he explained.
“The KNCDC conducted comprehensive contact tracing for the Ungogo case, testing samples from the patient’s community and two hospitals he visited.
“All contacts were monitored for the maximum allowable follow-up period and remained negative,” he stated.
The Director General stressed the critical role of public enlightenment in preventing infectious disease spread, calling on media organisations to amplify health communication efforts across communities.
“The media has been our friend even before the establishment of this center. With the signing of the bill creating the Kano State Center for Disease Control, we believe our first major engagement should be with media members,” Prof. Abass said.
He urged residents to remain alert while assuring that the state’s disease surveillance and response systems were fully operational and at alert to handle any potential outbreaks or emerging threats in the State.
General News
LBS Described Digital Transformation in Banking, Others as Fueling Nigeria’s Economic Evolution

The Lagos Business School (LBS) has described digital transformation in banking, finance, and taxation as “an interconnected force” fuelling Nigeria’s economic evolution. The Dean, Lagos Business School, Professor Olayinka David-West, stated this at the 35th annual conference of the Finance Correspondents Association of Nigeria (FICAN) held over the weekend in Lagos under the theme, “Bracing for the Digital Economy in Nigeria: Taxation, Banking and Finance.”
The conference saw industry stakeholders, including the Federal Inland Revenue Service (FIRS), Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) and leading banks converging to share insights and shape the country’s digital economy roadmap.
David-West, who was represented by Prof. Akintola Owolabi, Department of Cost and Management Accounting at LBS, emphasised the need for Nigeria to embark on a transformative digital journey that can redefine its economy and significantly improve the quality of life for its citizens.
She said: “Seamless digital payment systems underpin efficient tax collection; widening financial inclusion expands the taxable base; and transaction data powers evidence-based policy and enforcement.”
David-West also noted that the country’s e-commerce market is expected to exceed $16 billion by 2030, supported by pioneering platforms like Jumia and Konga.
She affirmed that the strategic vision at LBS aligns closely with advancing digital transformation and promoting financial inclusion, aiming to develop the leaders needed to navigate and drive this emerging landscape.
The LBS Dean said: “Nigeria’s digital economy is undergoing remarkable growth, energised by a young and dynamic population alongside rapid digital adoption. According to the Nigerian Communications Commission’s 2024 report, internet penetration has reached 43.5 per cent, with over 163 million Nigerians online as of March 2024.
The telecommunications sector contributes around 18 to 20 per cent to Nigeria’s GDP, highlighting the vital role of information and communication technology (ICT) as a driving force in the economy.”
She pointed out that, “this digital revolution transcends statistics; it reshapes commerce, services, and livelihoods. Our burgeoning e-commerce market, projected to exceed $16 billion by 2030, is fuelled by trailblazing platforms like Jumia and Konga.
“Innovative logistics startups such as Kwik and GIGL illustrate how digital technologies spawn entirely new value chains, enhancing efficiencies and expanding economic opportunities. Such developments promise exponential employment gains, diversification away from oil dependence, and transformative service delivery across sectors.”
According to her, with Nigeria’s fintech ecosystem attracting over $2 billion in investments in 2024, thus sustaining its position as the continent’s financial technology powerhouse, the country’s financial sector “is both a driver and beneficiary of the digital revolution.”
David-West highlighted how digital payments and mobile money services can serve as a foundation for formalising vast informal sectors, enhancing tax compliance, and integrating businesses into formal financial systems.
She, however, said: “Several challenges remain that require immediate attention, including infrastructure deficits such as unreliable electricity and limited broadband access in rural areas, as well as a shortage of digital skills that restrict economic participation.
“It is essential for regulators to carefully navigate the balance between fostering innovation and ensuring consumer protection amid rapid technological advancements.”
In his address, the chairman of the Finance Correspondents Association of Nigeria (FICAN), Mr. Chima Titus Nwokoji, said: “This year, our conference theme is both timely and urgent, focusing on the digital economy, taxation, banking, and finance. Globally, the digital economy has evolved from being merely a promising frontier to a critical backbone of modern growth.
“In Nigeria and across Africa, we find ourselves on the brink of a significant transformation driven by data, digital payments, artificial intelligence, and cross-border innovation.”
He noted that “Current statistics underscore our potential: the ICT sector contributed 18.3 per cent to Nigeria’s GDP in the second quarter of 2025, and digital payment transactions exceeded N600 trillion in the first half of the same year, showcasing a 22 per cent year-on-year growth. Mobile money usage has surpassed 73 million, successfully reaching rural communities that were previously excluded.
“To further solidify these advancements, the Central Bank of Nigeria has introduced the Payment System Vision 2020, a comprehensive blueprint for our digital future, incorporating AI, blockchain settlements, and cross-border payments enabled by the African Continental Free Trade Area.”
He pointed out that no robust digital economy can flourish without an equitable and effective tax Framework.”
General News
Tecom and Huawei to Host MiniFTTO Solutions Launch Event in Lagos

Tecom, in partnership with Huawei, is set to host the Huawei–Tecom MiniFTTO Solutions Launch Event on Thursday September 25, 2025, at Four Points by Sheraton, Victoria Island, Lagos.
Themed “Fiber for Every Business: Powering Connectivity into the Future”, the event which is free and open for registration via https://rb.gy/cjo48a will spotlight Huawei’s Mini Fiber To The Office (MiniFTTO) solution — an innovation designed to address the networking challenges of institutions and businesses of all sizes across Nigeria.
The Huawei MiniFTTO solution is built on F5G technologies and delivers high-performance all-optical networking tailored for diverse environments such as schools, universities, banks, hotels, government institutions, and private sector businesses. By extending fiber to every corner of an organization, MiniFTTO ensures superior user experience, simplified operations, easier maintenance, cost-effective deployment, and seamless management via mobile applications.
Speaking ahead of the event, Happiness Obioha, Managing Director of Tecom, highlighted the solution’s strategic importance for Nigeria’s digital economy: “MiniFTTO is a game-changer for Nigerian businesses and institutions. Many organizations face challenges with poor connectivity, high maintenance costs, and inefficient networks.
“With this solution, Huawei and Tecom are delivering enterprise-grade networking that is accessible, affordable, and easy to manage — enabling organizations to unlock productivity and long-term growth.”
As Huawei’s newly appointed Gold Distributor in Nigeria, Tecom will drive the adoption of MiniFTTO alongside Huawei’s broader eKit portfolio, which includes networking, collaboration, data storage, and cybersecurity products.
This partnership positions Tecom to deliver not only cutting-edge solutions like the Huawei OptiXstar series terminals (EG8145B7-50, V166a-20, C610, B866G-S2, C810E) but also the technical expertise and support required to ensure smooth implementation for Nigerian institutions and enterprises.
The launch event will bring together Internet Service Providers, telecommunications companies, enterprise resellers, corporates, banks, hotels, schools, universities, estate managers, government agencies, and other stakeholders to explore firsthand how Huawei’s MiniFTTO and eKit solutions can revolutionize operations.
Attendees will gain practical insights, engage with industry experts, and discover new pathways to digital transformation.
The Huawei–Tecom collaboration underscores a shared vision of bridging connectivity gaps across institutions and businesses, providing them with tools to scale, innovate, and thrive in Nigeria’s evolving digital landscape.
For event registration, partnerships, and media inquiries, please contact:
sales@tecom.com.ng | +234 905800 4980 | https://rb.gy/cjo48a .
- General News1 day ago
LBS Described Digital Transformation in Banking, Others as Fueling Nigeria’s Economic Evolution
- E-Business1 day ago
Experts Seek Engagement on AI Adoption for Governance Standards
- News1 day ago
MTN Nigeria Backs Cloud Accelerator Program with N100m
- News1 day ago
Fire Incident: Afriland Properties Attributes Afriland Towers Blaze to Inverter Room Malfunction
- E-Business1 day ago
NITDA Empowers 3,600 Teachers Nationwide to Lead Nigeria’s Digital Literacy Transformation
- News1 day ago
PenCom Redesigns Pension Plan, Targets Informal Sector
- E-Financial1 day ago
Wema Bank Introduces Static Wallets, Instant Settlement Features on ALATPay
- General News1 day ago
Tecom and Huawei to Host MiniFTTO Solutions Launch Event in Lagos