General
Lagos, DPR at War Over Tank Farms
By Adedapo Adesanya
The Lagos State Government has warned the Department of Petroleum Resources (DPR) from overstepping its boundaries following the agency’s re-opening of tank farms that violated seeking its physical planning approvals.
It also advised the agency to refrain from aiding unlawful acts in the state.
In a statement, the Commissioner for Physical Planning and Urban Development, Mr Idris Salako, described as worrisome the situation in which the DPR, a federal government agency, jumped the requirement for a planning permit and went ahead to issue licences to facilities whose constructions were not approved by the Lagos State Physical Planning Permit Authority (LASPPPA) and which consequently did not have stage certification or certificate of completion.
“It is even more worrisome that the state government in the bid to ensure orderly, organised and sustainable development, would seal off illegal and unapproved tank farms and filling stations while the DPR would go behind to unseal such facilities,” Mr Salako said.
The Commissioner said the Ministry of Physical Planning and Urban Development was statutorily mandated to regulate all forms of physical developments in all parts of the state.
He added that the law, being clear on the mandate, did not leave room for any conflict of interest, noting that this was buttressed by the supreme court judgment which specifically placed responsibility for physical development within the confines of a state in the state entity.
“We urge the federal government agency to desist from this untoward act and join us in encouraging promoters of these facilities to respect the law by ensuring that their structures have all necessary physical planning approvals,” he said.
On the continued existence of petroleum tank farms in Ijegun-Egba, the Commissioner said that no new approvals were being granted in the area, while the existing ones were being encouraged to cohabit with the host communities, where they were expected to exercise corporate social responsibility measures for the development of the communities.
He urged fresh applications for approval for tank farms to consider moving to the approved locations in Ibeju Lekki Local Government Area.
The DPR had last week reopened eight petroleum tank farms shut down by the Lagos State Physical Planning Permit Authority in Lagos, saying the state-owned agency lacked the constitutional backing to close the depots.
During the activity, the Zonal Operations Controller, DPR, Lagos Zone, Mr Ayorinde Cardoso, who directed the reopening of the depots in Ijegun-Egba, Satellite Town, said in a statement that the oil and gas business was a regulated environment and under the exclusive legislative list as provided by the 1999 Constitution, which exempts it from the purview of LASPPA.
Mr Cardoso also noted that sealing of the tank farms could lead to disruption in the supply of petroleum products which would eventually lead to scarcity across the country.
He listed the depots reopened by DPR as Wosbab Energy Solutions, Emadeb Energy Services Ltd., Mao Petroleum Ltd., Menj Oil Ltd., Oceanpride Energy Services Ltd., A.A. Rano Nigeria Ltd., AIPEC Oil and Gas Ltd. and First Royal Oil Ltd.
According to him, Ijegun-Egba has 13 tank farm operators which receive between 35 per cent to 40 per cent of petroleum products coming to Lagos before being transported to other areas.
Mr Cardoso said, “We were told that LASPPPA sealed the depots today (Monday) for not having their planning permits.
“We don’t believe that is the right approach because these people are providing service to the nation and if you disrupt that service, there will be fuel scarcity everywhere.
“This is why we are taking proactive action to immediately reopen the tank farms and if LASPPPA has any issues with the operators, they should come to us to see how it can be resolved.”
General
NECA’s Annual Retreat for Business Managers, Executives Holds April 16
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
General
Egbin Power Commissions 80 New Staff Housing Units
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
General
NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
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