General
Petrol Smuggling: Customs to Intensify Clampdown on Border Fuel Stations
By Adedapo Adesanya
The Nigeria Customs Service (NCS) said it would intensify clampdown on fuel stations along border towns as part of efforts to curb the smuggling of Premium Motor Spirit (PMS) popularly known as petrol.
This is as the service also seized 1,577 Jerrycans of petrol, 25 litres each, amounting to 39,425 litres Southwest and arrested four suspected smugglers.
The Comptroller General of Customs, Mr Adewale Adeniyi, disclosed this while showcasing some seized PMS products at the Training College/ Federal Operations Unit Zone A, Ikeja on Friday.
The CG who was represented at the event by the National Coordinator of Operation Whirlwind, Mr Hussein Ejibunu, said that the essence of profiling the filling stations around the borders is to dictate moribund and active fuel stations to identify the ones used for smuggling.
“And that is the essence of why we have to identify filling stations that are close to the border, that are moribund, those that are active so that we will know those that Midstream and Downstream Regulatory Authority will give license to,” Mr Adeniyi said.
According to him, fuel stations found wanting would be submitted to Nigerian Midstream and Downstream Regulatory Authority (NMDRA) for necessary actions.
“I have just mentioned that there are many and those that were found guilty would be dealt with by NMDRA. It’s not for Customs to do; we are not the ones who issued their license,” he said.
Giving details on the seizure, Mr Adeniyi highlighted that a total of 1,577 Jerrycans of PMS 25 litres each, amounting to 39,425 litres, were seized, as well as eight vehicles used for conveyance.
“The duty paid value of the product stands at N39.425 million and that of the means of conveyance stands at N24 million, cumulatively amounting to 63.425 million,” he said.
He added that a total of four suspects were arrested in connection with the seizures.
“We have two in court right now and we have two that we are still investigating to know if they are directly or remotely connected to the crime,” he added.
“Since the commencement of Operation Whirlwind in the past year, we have not fired a shot. If we see that the situation will be becoming chaotic, we invite the military. Like it happened somewhere in Mudi. Within 10 minutes, the military came and immediately they sighted the military, all of them dropped their weapons and ran away,” he said.
Speaking at the event, a representative from the NMDRA, Mr. Patrick Musa, lauded Operation Whirlwind for their efforts, stating that the interception of the products has reduced the fuel supply to criminal elements.
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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