News
Shell Supports Nigerian Firms with $1.9Bn Contracts

Shell companies in Nigeria have awarded contracts amounting to $1.9 billion to registered Nigerian contractors within a year.
According to a 2023 Shell Briefing Note, the oil multinational also paid $1.36 billion in corporate taxes and royalties to the Federal Government in 2022.
Additionally, the oil firm contributed $79.77 million to the Niger Delta Development Commission (NDDC) during the same period.
Discussing the companies’ operations during the review period, Osagie Okunbor, country chair of Shell Companies in Nigeria, emphasized the firm’s ongoing commitment to Nigeria and its dedication to enhancing the well-being of host communities.
He noted that the Shell Petroleum Development Company (SPDC), Shell Nigeria Exploration and Production Company (SNEPCO), and Shell Nigeria Gas (SNG) invested $34.29 million in direct social initiatives in 2022.
Further, Okunbor stated that the company has set aside an additional $56.13 million, to be contributed in 2023 by SPDC and SNEPCo, as a statutory contribution to the Host Communities Development Trusts (HCDT) for the benefit of local communities.
Okunbor expressed concern about the persistent problem of crude theft and vandalism, describing it as “a serious threat to our country.”
Regarding renewable energy, the briefing note revealed that the companies committed $200 million to supporting AllOn as a renewable impact investment.
These companies also provided funds for AllOn’s expansion of the DART program and committed an additional $23 million for investment in renewable energy to be paid to AllOn Energy Company.
Regarding investments in the education sector, the note highlighted that 3,500 university grants have been disbursed, and 990 cradle-to-career scholarship grants have been awarded by companies, including Shell Nigeria Gas (SNG), since 2016.
The companies have also assisted Lagos and Bayelsa States with educational infrastructure projects valued at approximately $15 million.
The note further stated that over 92,000 individuals have benefited from the company’s Community Health Insurance scheme since its inception in 2010.
Additionally, 220 Nigerian individuals were recipients of the Shell Live Wire entrepreneurship programme.
The companies employ around 2,500 individuals, with 97 per cent being Nigerian nationals.
Moreover, approximately 10,000 contractors are supporting the operations of these companies. To aid the victims of the devastating flood that occurred in 2022, Okubor announced that Shell donated $1 million to those affected by the flood.
News
UK Minister for Africa Visits Nigeria to Deepen Strategic Partnership

The United Kingdom’s Minister for Africa, Lord Collins of Highbury, has concluded a three-day visit to Nigeria, aimed at reinforcing the UK-Nigeria Strategic Partnership.
He reaffirmed the UK Government’s strong commitment to deepening trade and investment ties between the United Kingdom and Nigeria.
During his visit, Lord Collins met with senior Nigerian government officials, business leaders, civil society representatives and United Nations agencies.
These engagements underlined the UK’s long-term drive to support Nigeria’s prosperity and stability while deepening bilateral cooperation for transformative growth across our shared priorities.
A key highlight of the visit was Lord Collin’s bilateral meeting with Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, in which both parties reaffirmed their unwavering commitment to strengthening economic ties and promoting regional security. The Minister was joined by the UK’s Trade Envoy to Nigeria, Florence Eshalomi MP.
Lord Collins also met with Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, and discussions focused on opportunities to strengthen engagement between UK’s parliament and Nigeria’s National Assembly and the importance of furthering women’s participation in politics.
Speaking on his visit, the UK Government’s Minister for Africa, Lord Collins said: “Nigeria and the UK share a rich, ambitious relationship: one that is deeply rooted in respect.
“Our Strategic Partnership is at the forefront of this, and my visit has focused on how our countries can continue deepening our cooperation on key issues such as trade and investment to drive economic growth and deliver prosperity for us all.”
The Minister held discussions with United Nations representatives on the ongoing reform of the UN system, its implications for Nigeria and how the reform can effectively support those most in need, particularly in Northeast Nigeria, whilst also contributing to global humanitarian efforts.
Lord Collins also met with civil society leaders to discuss electoral integrity and governance reforms, reinforcing the UK’s commitment to democratic values and community empowerment.
He later visited Nigeria’s Anti-Kidnap Fusion Cell: a key security initiative supported by UK expertise through the National Crime Agency and the Integrated Security Fund, which plays a vital role in enhancing local safety and combating serious crime.
Also commenting on the visit, the British High Commissioner to Nigeria, Dr Richard Montgomery, said: “Driving growth is central to the UK’s foreign and development policy. Lord Collins’ visit to Nigeria underscores the UK’s unwavering commitment to deepening our shared prosperity through expanded trade and investment. We are proud to stand alongside Nigeria as it forges a resilient and dynamic economy.”
This visit underscores the UK’s enduring partnership with Nigeria – built on mutual respect, shared goals, and a vision for a prosperous future for both nations.
News
PalmPay Launches CSR Initiatives to Empower Women, Foster Financial Literacy in Northern Nigeria

In a strategic move to expand financial inclusion in Nigeria, leading mobile banking platform, PalmPay has launched a series of CSR programs across Kano and Kaduna. The CSR initiative named “Passing the Baton” represents the brand’s commitment to passing on knowledge and providing the resources individuals and businesses need to achieve financial independence and drive economic empowerment.
This initiative is a bold move by PalmPay to bridge the opportunity gap in the North by providing financial literacy training and micro-business branding support to 5,000 women-owned businesses in Kano and Kaduna. This strategic initiative reaffirms PalmPay’s commitment to inclusive development and economic empowerment, particularly in underserved regions.
“At PalmPay, we believe that real financial inclusion must be far reaching and cover the grassroots,” said Chika Nwosu, Managing Director of PalmPay. “Our new CSR program is focused on supporting gender equity by equipping women with the knowledge, tools, and visibility they need to thrive as entrepreneurs in their communities.”
Through this initiative, beneficiaries will receive free health insurance, hands-on training workshops, enhanced store branding to boost visibility, and branded merchandise to strengthen their business presence.
The initiative is part of PalmPay’s broader strategy to extend its innovative solutions, expand its footprint in Northern Nigeria, while building sustainable partnerships with local stakeholders for long-term impact.
In a show of support, His Royal Highness, the Emir of Kano, Dr. Muhammadu Sanusi II, has endorsed the initiative, calling on other stakeholders to join forces with PalmPay in ensuring the North benefits fully from the growing digital economy. PalmPay has received commendation from community stakeholders, as the initiative aims to serve as a model for similar projects across other northern states.
As PalmPay continues to scale across Nigeria, the company remains committed to bridging the financial inclusion gap and empowering underserved groups, particularly women and youth, through its innovative solutions and impact initiatives.
News
EFCC Witness Admits Writing Off Arik Air’s $2.3M Debt Amid N76Bn Fraud Trial


- Telecom3 days ago
MTN Nigeria Invests ₦900Bn in 2025 to Boost Network Quality in Lagos & Abuja
- E-Business3 days ago
Firm Reports a 48% Increase in Malicious Packages Threatening Software Supply Chains
- News3 days ago
EFCC Witness Admits Writing Off Arik Air’s $2.3M Debt Amid N76Bn Fraud Trial
- Telecom3 days ago
MTN Nigeria Wins Award for Best Use of Data @MarkHack 4.0 Awards Night
- News3 days ago
SERAP Urges National Assembly to Reject Tinubu’s $24Bn Loan Request Over Debt Concerns
- E-Financial3 days ago
Senate Passes Harmonised Report on Tax Reform Bills
- Telecom2 days ago
Glo, Huawei, Communications Ministry Bring Digital Services to Abuja Village
- Broadcasting3 days ago
The Rave Revolution: How Gen Z and EDM Are Rewriting Nigeria’s Nightlife