General
U-Law Tasks Businesses on Regulatory Compliance
By Adedapo Adesanya
U-Law, a sub-firm of leading Nigerian corporate law firm, Udo Udoma & Belo-Osagie (UUBO), has emphasised the importance of businesses operating within Nigeria to be compliant with relevant laws and regulations for effective growth.
The firm gave this advice at U-Law’s Black Friday 8.0 Event held last Friday in Lagos, where businesses and industry stakeholders gathered.
As a firm, UUBO specialises in an array of business practice areas, encompassing banking and finance, technology, capital markets, competition, compliance, advisory, tax, and private equity among others.
During her presentation, a partner at UUBO, Mrs Yinka Edu, noted that UUBO had always been at the forefront of innovations and shifts that businesses need to make, stressing that technology remains at the intersection of businesses and the ongoing changes in the world and that the firm has always been ready to play its role.
“We are dedicated to supporting startups and MSMEs through U-Law. This dedicated legal support service provides tailored advice and tech-based solutions to growth businesses. One of such product is the Compliance Calculator, a tech-based tool that allows MSMEs to assess their compliance with basic legal requirements without needing a lawyer,” she stated.
Speaking during a dual presentation, Ms Aniekan Udo-Okon and Fortune Ihator, associates of the firm, disclosed that it was necessary for businesses to stay ahead of changes in the operating environment being made by policymakers revolving around data regulations, Know-Your-Customer (KYC), and Anti-Money Laundering (AML) measures among others.
“Compliance isn’t just about avoiding fines, it’s about growing sustainably and building a trustworthy, attractive business. It can be used as a strategic tool to ensure a smooth journey towards business growth and long-term success,” Ms Udo-Okon averred.
The event also featured a session moderated by Ms Dumebi Anike-Nweze on how brands can speak to investors and customers and featured Mr Razaq Ahmed, co-founder and CEO of Cowrywise; Mr Chikodi Ukaiwe of Salad Africa; Mrs Eniola Alli-Fayewa, the Head of Corporate Communications at Guinness Nigeria; Mr Oluwatoyin Emmanuel-Olubake, the Investment Director at Novastar Ventures; and Ms Nnenna Onyewuchi of Yellow Brick Road Lagos.
During the breakout sessions, incubators examined how business incubators can accelerate growth for startups with Ms Nissi Madu, Managing Partner at CCHub, Ms Subuola Oyeleye, Founder of BeautyHut Africa, Ms Karina Karunwi of Impact Hub, and Mr Femi Moito, Founder of Innovest Afrika sharing key things founders and startups should do during incubation stage.
Simultaneously, experts in the food industry, including Gatumi Aliyu, Co-founder of Vendease, Michael Chu’di Ejekam, Chief Executive Officer of Atreos, Folayemi Agusto, the co-founder of Eat Drink Lagos, and Tobi Hamilton, the founder of The House shared the potential partnerships and pitfalls necessary to know for startups in the value chain during a session moderated by Banke Makinde, Founder of 3 by 4 Foods.
The programme culminated with a speed dating session where startup founders and managers sat with experts, including investors, lawyers, founders, and brand specialists to receive personalised business advice.
General
Senate Passes State Police Bill
By Aduragbemi Omiyale
The bill seeking to establish state police in Nigeria was on Wednesday, June 24, 2026, passed by the Senate during a plenary presided over by the Senate President, Mr Godswill Akpabio.
The piece of legislation was passed today after more than two-thirds of the lawmakers in the red chamber of the National Assembly voted in support via a manual voting process involving the raising of hands.
Before the passage at the plenary, the chairman of the Senate Committee on the Review of the Constitution, Mr Barau Jibrin, presented the panel’s report to his colleagues.
According to him, the bill will transform policing in the country and boost security, as it allows the sub-nationals to create their own policing system.
The bill provides for the Federal Police Service to be headed by the Inspector-General of Police, while the State Police Service will be led by a Commissioner of Police, who will be appointed by the governor of the state, subject to confirmation by the state’s House of Assembly.
To prevent the misuse of state police against political opponents or critics, ensuring that any action taken against such individuals or groups complies with due process and existing laws, the bill prohibits the Commissioner of Police of a state from arresting, detaining, investigating, or deploying force against any critic of the state governor, except in accordance with the law.
After the clauses of the bill were considered at the Committee of the Whole, the bill was passed and will be transmitted to the President for assent into law.
General
Daystar Power Expands Nestlé Solar Partnership Across West Africa
By Adedapo Adesanya
Daystar Power Group has expanded its renewable energy partnership with Nestlé in West Africa, commissioning solar power systems with a combined capacity of 6.884 megawatts across four manufacturing facilities in Côte d’Ivoire, Ghana, and Senegal.
According to a statement, the deployments bring the total installed capacity across Nestlé’s sites to 6,884 kWp, nearly 7 megawatts, making it one of the largest commercial and industrial solar partnerships in the region.
The four sites, two in Abidjan, one in Tema, and one in Dakar, are all fully operational, with each system designed around the specific grid and operational profile of its location.
“Nearly 7 megawatts across four Nestlé facilities is a number we are proud of, but what it represents matters more than the figure itself. It means that one of the world’s most demanding manufacturers has tested our model, trusted it, and come back. Our job now is to keep earning that, across every market where industry needs energy it can count on,” Mr Yischai Beinisch, CEO, Daystar Power Group said in a statement.
The partnership began with a single commissioning and expanded to span three countries and four facilities. In Côte d’Ivoire, Daystar Power has delivered 3,447 kWp across two Abidjan sites. In Ghana, a 2,547 kWp system powers Nestlé’s Tema factory. In Senegal, an 890 kWp installation operates at the Dakar facility.
The company said each system is sized and configured to deliver measurable environmental and social impact, including reduced greenhouse gas emissions and improved energy resilience. The design is tailored to the operational and grid conditions at each location, ensuring reliable, clean energy access while supporting local development and aligning with Nestlé’s publicly stated net-zero commitments.
Adding his input, Mr Samer Chedid, CEO, Nestlé Central and West Africa Region, said the investment reflects its commitment to building a business that not only grows but does so responsibly.
“By advancing solar energy projects in Ghana, Côte d’Ivoire, and Senegal, we are embedding sustainability into our growth, reinforcing our role as a force for good, creating long-term value for communities, and ensuring that our footprint actively contributes to a cleaner, more resilient future,” he said.
General
Nigeria Adopts New Security Framework to Safeguard Oil Assets
By Adedapo Adesanya
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Ministry of Defence have agreed to deepen collaboration on the protection of critical oil and gas infrastructure through a new non-kinetic security framework designed to curb threats, strengthen community relations and sustain rising output.
The initiative comes as Nigeria recorded crude oil production of nearly 1.8 million barrels per day, one of the highest production levels in recent years, amid intensified efforts to combat crude oil theft, pipeline vandalism and other security challenges across the Niger Delta.
Speaking during a courtesy visit by a delegation from the Ministry of Defence to the Commission’s headquarters in Abuja, the chief executive of NUPRC, Mrs Oritsemeyiwa Eyesan, said the country’s recent production gains were directly linked to coordinated interventions involving security agencies and industry stakeholders.
“Today, we are benefiting from those efforts. Last month, we recorded production of nearly 1.8 million barrels per day throughout the month,” Mrs Eyesan said.
She noted that sustained investments in security operations, technology deployment and human capacity development had significantly improved production stability and operational efficiency in the upstream petroleum sector.
According to her, maintaining and expanding the gains has become critical as Nigeria seeks to increase crude oil output, attract fresh investments and maximise revenue generation from the petroleum industry.
“As we look to the future, we desire to grow production and must have assurances that security threats can be effectively managed. We can only achieve this through stronger collaboration with security agencies and industry stakeholders,” she stated.
Mrs Eyesan stressed that safeguarding oil and gas assets remains central to Nigeria’s energy security strategy and economic growth objectives, noting that production assurance has become a key requirement for investors considering new upstream projects.
She disclosed that the Commission was exploring wider deployment of advanced technologies, including drone surveillance systems, to improve monitoring of the country’s vast oil and gas infrastructure network and detect threats before they escalate into operational disruptions.
The NUPRC boss further revealed that the Commission would work closely with operators to refine and implement a new security framework, while providing leadership in stakeholder engagement and governance structures needed to ensure long-term sustainability.
The Minister of Defence, Mr Christopher Gwabin Musa, said the Ministry was introducing a non-kinetic security intervention model aimed at addressing the underlying causes of insecurity in oil-producing communities.
Rather than relying solely on military operations, he explained that the strategy would focus on community engagement, youth empowerment and social inclusion programmes to build lasting peace around critical energy infrastructure.
“One of the best ways to engage youths in oil-producing areas is through sports-based interventions,” Mr Musa stated.
He explained that the initiative would utilise sports development programmes to channel youthful energy into productive activities, reduce vulnerability to criminal networks and strengthen community ownership of critical national assets.
The Defence Minister, who was represented by one of his aides, added that the intervention would also include structured programmes for persons living with disabilities, creating broader opportunities for participation and economic inclusion in host communities.
According to him, the initiative aligns with the Host Community Development provisions of the Petroleum Industry Act (PIA) and is expected to strengthen relationships between operators and host communities while promoting sustainable development.
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