General
Dangote Renames Lagos Refinery Road After Herbert Wigwe

By Modupe Gbadeyanka
The road to the Dangote Refinery in the Lekki area of Lagos State has been renamed after the late group chief executive of Access Holdings Plc, Mr Herbert Wigwe.
This development was announced on Monday night by the owner of the oil facility, Mr Aliko Dangote, during the Celebrating Herbert Wigwe’s Professional Legacy, who said this gesture was to immortalise his friend.
The Nigerian billionaire businessman and the richest black man on earth, in an emotional tribute to the late banker, who died in a helicopter crash in the United States on February 9, 2024, along with his wife and son, said he would always remember him for his fearless policy.
“He was a pillar of strength and support for me and my family. He was proud to be part of my success story and I am proud to call him a dear friend.
“It will be impossible to find another Herbert. His courage was second to none and was really fearless, not scared of anything.
“We shared a common principle of perseverance. Bidding farewell to a brother, mentee and friend is indeed a hard task for me. I am consoled that Herbert had run a successful race and has gone to a better place.
“To immortalize my beloved friend, brother and mentee, I have decided to name our major refinery and petrochemical road, out of the 120km, the biggest road, will now be named Herbert Wigwe,” a tearful Mr Dangote said.
The tribute, held in Lagos, was attended by the host governor, Mr Babajide Sanwo-Olu, and his Ogun State counterpart, Mr Dapo Abiodun.
Others were his longtime friend and business partner, Mr Aigboje Aig-Imokuede; the Governor of the Central Bank of Nigeria, Mr Yemi Cardoso; the Minister of Finance, Mr Wale Edun; the President of the African Development Bank (AfDB), Mr Akinwumi Adesina; the chief executive of GTCO, Mr Segun Agbaje; and the chief executive of Access Bank, Mr Roosevelt Ogbonna, among others.
The late banker will be buried in Isiokpo, Rivers State on March 9, 2024, after a combined funeral service at the Redeemed Christian Church of God (RCCG), Lion of Judah Parish.
General
Rivers Sole Administrator Promises Swift Utilisation of Funds

By Adedapo Adesanya
The Sole Administrator of Rivers State, Mr Ibok-Ete Ibas, has assured that necessary steps would be taken to ensure the prompt utilisation of the withheld local government funds, which have now been released by the federal government.
Recall that President Bola Tinubu on Tuesday declared a state of emergency in Rivers State and suspended Governor Similaniyi Fubara and the Deputy Governor, Mrs Ngozi Odu, as well as all members of the Rivers State House of Assembly, over a political crisis. He then replaced them with Mr Ibas, who will act for the next six months as a sole administrator.
Speaking during a meeting with Heads of Local Government Administrators in Port Harcourt on Friday, Mr Ibas described the gathering as a pivotal moment in the collective effort to restore stability and progress in the state.
The Sole Administrator lamented the economic hardship in the Niger Delta, noting that despite the region’s wealth of natural resources, its people continue to suffer.
“This is unacceptable,” he stated, emphasizing the need for transformation and accountability.
He expressed concerns over the delay in salary payments across local government areas, acknowledging the struggles of affected workers.
“I feel the pain of the workers,” he said, assuring them that the withheld allocations had been released and that his administration would ensure that salaries are paid without delay.
However, he warned that financial accountability would be strictly enforced.
Mr Ibas, a retired vice admiral and former Chief of Naval Staff, directed all local government areas to submit their wage bills, supported by relevant documentation, through the office of the Head of Service.
He said his administration would not tolerate financial recklessness, vowing to scrutinize the handling of public funds and take action against any mismanagement.
Mr Ibas said good governance is not just a slogan, but a commitment to changing the negative narrative within the next six months.
He further stressed the importance of collaboration with traditional rulers and security agencies to enhance security at the grassroots level.
“You must take the lead in ensuring security within your domains,” he urged local government administrators.
General
FG Calls for Alternative Energy Sources to Drive Nigeria’s Maritime Industry

By Adedapo Adesanya
The federal government has called for the adoption of alternative energy sources in the maritime industry to reduce greenhouse gas emissions, warning that Africa could face severe economic impacts if left behind in the global transition.
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, made this call in Abuja while declaring open the African Strategic Summit on Shipping Decarbonization.
He cautioned that the ongoing shift to low-emission shipping fuels could increase transport costs for Africa, disproportionately affecting developing nations.
“With over 90 per cent of global trade relying on maritime transport, reducing GHG emissions is not just an environmental necessity but an economic imperative,” Mr Oyetola stated.
He stressed the need for Africa to have a strong voice in shaping global policies. “As the IMO advances its regulatory framework on decarbonization, Africa must ensure its interests are safeguarded, as we rely heavily on imports and contribute less than 2 per cent to the global fleet,” he said.
Highlighting the potential benefits of the transition, Mr Oyetola urged African nations to leverage the shift towards cleaner energy to boost industrialization.
“With 38 coastal nations, Africa can use this transition to develop its ports as launch pads for economic growth by engaging the Global North in strategic partnerships,” he added.
The Minister emphasized the need for a just and equitable transition, ensuring that no African nation is left behind.
“While we recognize the urgency of climate action, developing economies face challenges such as limited access to technology, energy poverty, and food insecurity. The principle of common but differentiated responsibilities must guide our approach,” he said.
Also, Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Mr Dayo Mobereola, reinforced the urgency of decarbonization.
“The shipping industry contributes about 3 per cent of global emissions. This summit is a platform for Africa to shape a strategy that ensures sustainable maritime development without being disadvantaged,” he noted.
General
JUST IN: Ayobo-Ipaja LCDA Chairman Bolatito Shobowale Dies

By Dipo Olowookere
The Chairman of Ayobo-Ipaja Local Council Development Area (LCDA), Mrs Bolatito Shobowale, has died, Business Post has confirmed.
She passed away on Friday after a prolonged battle with illness and three days after her deputy, Mr Ladi Oluwaloni, was asked to become the acting chairman of the council due to her long absence from work.
Mrs Shobowale had been away from her office for about six months, preventing the presentation of the 2025 budget to the council lawmakers for approval.
There had been underground grumbling within the LCDA until Governor Babajide Sanwo-Olu stepped in and approved the appointment of Mr Oluwaloni as the acting chairman.
Recent council activities had been carried out without the deceased, including the welcoming of the Governor Advisory Council (GAC) led by Mr Femi Pedro and the presentation of work tools to some residents who completed an empowerment programme sponsored by the state government.
Reacting to the death of Mrs Shobowale, the chairman of Alimosho Local Government Area, Mr Jelili Sulaimon, said she would be missed.
Mr Sulaimon, in a statement signed by his media aide, Mr Babatunde Yusuf, described the deceased, fondly called Mama Show, as a mother to all and a good administrator who is ever willing to see Ayobo-Ipaja LCDA progress positively.
According to him, Mrs Shobowale, elected into office in 2021, committed herself to the growth and development of council until her death.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN