General
SLB Opens New Regional Office in Lagos

By Adedapo Adesanya
Global technology company, SLB (formerly known as Schlumberger), has officially opened its new West Africa regional office in Lagos, which the firm says embodies its bold sustainability roadmap through daylight harvesting, interactive and collaborative hotspots for employees, disability access, and other exciting features that bring forward the company’s evolved identity and culture.
SLB stated that the new West Africa office reflects this new identity and will optimize employee experience and create a sustainable business environment for all stakeholders.
Speaking at the office’s opening in Lagos, which coincided with the celebration of the 70th Anniversary of SLB’s presence in Nigeria, Mr Sopiribo Ideriah, managing director for SLB in West African countries, said, “As a technology leader, our unmatched market breadth, differentiated performance, and unique portfolio of products and service, has always positioned us for growth and advancement in the energy industry.”
“All of this is owed to our people, who are the backbone of our organization. I would like to thank all SLB staff – past and present – for their commitment and passion in delivering high-quality services to our customers.
“For seven decades, SLB has worked in Nigeria as a local company. In 1952, SLB logged Nigeria’s first commercial oil well in Oloibiri, Bayelsa State, and has since logged several other historic wells in the country.
“Our ability to continuously drive technology innovation has led to the development of new oilfield technologies that enhance our customers’ operational performance while maintaining the highest standards in HSE, ultimately delivering value to all our stakeholders.
“Investing in local socio-economic projects and developing local talent through our borderless career culture, we have significantly contributed to the capacity development of Nigeria and are confident that we will continue to do business in ways that benefit our people, society, and the country,” Mr Ideriah added.
Also speaking at the event, Mr Wallace Pescarini, president of the Offshore Atlantic Basin at SLB, said “I would like to take this opportunity to express my gratitude to our various stakeholders for their support over the years, including our clients, suppliers, contractors, and other business partners.
“We are thrilled to live our purpose of creating amazing technology to unlock access to energy for the benefit of all and could not have achieved this without your trust. As we look to the future and its evolving energy landscape, we remain committed to creating value for our customers and key stakeholders in Nigeria.”
Recall that in October 2022, the company launched a new identity focusing on energy innovation and decarbonization to address the world’s energy needs today and to forge the road ahead for the energy transition.
General
Buhari’s Funeral Postponed to Tuesday

By Modupe Gbadeyanka
The burial of former President Muhammadu Buhari has been moved to Tuesday, July 15, 2025.
The late Nigerian leader was earlier planned to be buried today, Monday, July 14, 2025, after his demise on Sunday evening.
Mr Buhari, who governed Nigeria as a civilian president from 2015 to 2023, died at about 4:30 pm in a London clinic on Sunday after an undisclosed illness.
He remains were earlier scheduled to be moved back to the country from the United Kingdom today, but the latest information suggests his corpse will arrive in Nigeria tomorrow.
In a notice this afternoon, it was disclosed that his body would be laid to rest in his hometown in Duara, Katsina State on Tuesday.
“The body of the late President Muhammadu Buhari is expected to arrive in Katsina at 12:00 noon tomorrow, with funeral according to Islamic rites scheduled to take place in his hometown of Daura by 2:00 pm on the same day,” the new announcement said.
Yesterday, President Bola Tinubu directed the Vice President, Mr Kashim Shettima, and his Chief of Staff, Mr Femi Gbajabiamila, to travel to the UK to bring the remains of his predecessor back home for a state burial.
General
Buhari Was a Man of Integrity, Compassion—Abdullahi Gaya

By Modupe Gbadeyanka
A non-executive director of the Nigeria Sovereign Investment Authority (NSIA), Mr Abdullahi Mahmud Gaya, has condoled Nigerians on the passing of former President Muhammadu Buhari.
Mr Gaya, who doubles as a non-executive director of the Nigeria Electricity Liability Management Company (NELMCO), described the late Nigerian leader as a rare patriot who prioritised the nation’s well-being, standing firm through turbulent times with quiet strength, integrity, and a strong belief in Nigeria’s potential.
In a statement signed by Ibrahim Umar, he noted that Mr Buhari championed discipline in public service, confronted corruption head-on, and placed the country above personal interests
According to him, the immediate past president of Nigeria lived a fulfilled life and was audacious, prudent, contented, strong-willed and compassionate.
“President Buhari was a man who valued his integrity and couldn’t hide his feelings. He was jocular and could make anyone smile even in difficult situations, Mr Gaya stated, praying for divine comfort and solace for the family during this difficult time.
He joined Nigerians in mourning the loss of the late President, offering prayers that Almighty Allah grants him Al-Jannah Firdaus.
General
Africa Needs Bold, Transformative Projects to Compete Globally—Dangote

By Modupe Gbadeyanka
Renowned industrialist, Mr Aliko Dangote, has charged African leaders and investors put in place bold and transformative projects capable of addressing the continent’s long-standing challenges in order to compete globally.
He said this when he hosted participants of the Global CEO Africa Programme from Lagos Business School and Strathmore Business School, Nairobi, after a tour of the Dangote Petroleum Refinery and Petrochemicals in Ibeju-Lekki, Lagos.
The president of the Dangote Industries Limited said African entrepreneurs, business leaders and wealthy individuals must begin to invest in the development of the continent, citing the successful construction of his oil facility as proof that nothing is impossible.
Mr Dangote reflected on the initial scepticism surrounding the refinery project, noting that despite numerous obstacles, the group remained steadfast in its commitment to delivering on its vision.
“There will always be challenges. In fact, life without challenges isn’t exciting. You just hope for the kind of challenges you can overcome—not the ones that overwhelm you,” he remarked, explaining that completing the refinery has emboldened the group to pursue even more ambitious goals.
“Now that we’ve built this refinery, we believe we can do anything. We aim to make our fertiliser company the largest in the world—and we’ve set ourselves a 40-month timeline,” he stated.
Mr Dangote highlighted Africa’s wealth in both human and natural resources, stressing that business leaders are in a privileged position to harness these assets and create jobs for the continent’s growing population. He stated that development cannot be left to governments alone, urging the private sector to trust in national leadership and invest at home instead of moving capital abroad.
“We, as Africans, must stop taking our money abroad. We should invest it here to build our countries and the continent. As for me, I don’t take my money out of Africa. If we don’t show confidence in our own economies and leadership, foreign investors certainly won’t. After all, we know our leaders better than anyone else. That money being taken out of the continent should be left here, where it can benefit everyone,” he advised.
While many African nations have achieved political independence, Mr Dangote argued that they remain economically dependent. He cited countries like Dubai and Singapore, which were on par with some African countries in the 1970s but have surged ahead through deliberate policies and partnerships with visionary entrepreneurs.
The businessman expressed concern about the disparity between Africa’s rapidly growing population and the limited job opportunities available. He called for a strong banking sector, a robust manufacturing base, and a thriving agricultural sector as cornerstones of the continent’s transformation.
He also stressed the importance of improved interconnectivity among African nations, revealing that it is currently cheaper to import goods from Spain than to transport cement clinker from Nigeria to neighbouring Ghana.
Acknowledging policy inconsistency and infrastructural challenges, Mr Dangote encouraged the visiting CEOs not to be deterred but to remain ambitious while acquiring deep knowledge of their respective industries.
“If you think small, you don’t grow. If you think big, you grow. It’s better to try and fail than never to try at all,” he advised the 24 CEOs in attendance from six African countries.
The Academic Director of the Global CEO Africa Programme at Lagos Business School, Mr Patrick Akinwuntan, explained that the initiative is designed to inspire Africa’s future business leaders.
The programme, in partnership with Strathmore Business School in Nairobi, comprises three modules, requiring participants to spend a week each in Nairobi (Kenya), Lagos (Nigeria), and New Haven (USA).
“The goal is to nurture business leaders who see Africa as a single market—one without borders—focused on the continent’s vast potential. The refinery is a powerful symbol that vision goes beyond mere sight,” he said.
Mr Akinwuntan, who is also the former Managing Director of Ecobank Nigeria, praised Mr Dangote for his integrity, competence, and boldness in bringing such a monumental project to fruition.
The Executive Dean of Strathmore Business School, Dr Caesar Mwangi, echoed these sentiments, saying the visit will inspire CEOs to realise that only Africans can truly develop the continent.
“This refinery is the world’s largest single-train refinery. It’s proof that we must dream big, think big, and—most importantly—act. If the Dangote Group can achieve this, then so can others across the continent,” Mr Mwangi said.
“Every CEO here can take this inspiration back home and initiate impactful projects that will uplift our continent and create opportunities for the millions of young Africans who need them,” he added.
The Dean of Lagos Business School, Prof Olayinka David-West, stated that the visit aligned with the school’s mission of grooming leaders capable of addressing Africa’s complex social and institutional challenges.
She lauded Dangote as a visionary leader who mobilises resources to confront the continent’s critical problems. She noted that the refinery’s ripple effect extends beyond petroleum production, enhancing livelihoods and national wellbeing.
“This facility is pivotal. It serves as a practical tool to implement frameworks like the African Continental Free Trade Area (AfCFTA). While it’s one project, its effects will be felt across multiple sectors,” she explained.
The chief executive of Nigeria’s Financial Reporting Council, Mr Rabiu Olowo, and a participant in the programme, said the visit had reignited the need for bold and courageous thinking in pursuing sustainable national development.
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