Business
Jumoke Oduwole: From Special Adviser to Minister of Industry, Trade and Investment
Dr Jumoke Oduwole, the Special Adviser to the President on the Ease of Doing Business and Executive Secretary of the Presidential Enabling Business Environment Council (PEBEC) in the Office of the Vice President, has been appointed President Bola Tinubu as the new Minister of Industry, Trade, and Investment.
Upon confirmation by the Senate, Oduwole will be replacing Dr. Doris Nkiruka Uzoka-Anite, who has been reassigned as the Minister of State for Finance.
Background checks on Oduwole by Ohibaba.com, shows that before her appointment, she served as the Senior Special Assistant to the former President Muhammadu Buhari on Industry, Trade, and Investment, during which she played a pivotal role in the establishment of the Nigerian Office for Trade Negotiations (NOTN) from From November 2015 to May 2019. Oduwole was also involved in the Technical Working Group of the Presidential Committee for the Impact and Readiness Assessment of the African Continental Free Trade Agreement (AfCFTA).
She represented Nigeria on the AfCFTA Implementation National Action Committee (NAC) and contributed to the Sub-Committee on Ease of Doing Business.
As the Executive Secretary of the Presidential Enabling Business Environment Council (PEBEC), chaired by Vice President Yemi Osinbajo, she coordinated business reforms aimed at creating a more favourable business climate in Nigeria.
Business
Juhel CEO-Dr Ifeanyi Okoye, Becomes MAN President
Before he was elected President, Dr. Okoye served the Association in various capacities, including as Chairman of the Enugu, Anambra and Ebonyi States Branches from 1998 to 2005, and as Vice President from 2006 to 2010.
Business
Investors Rush For Airtel Money IPO on LSE
Airtel Money is proving popular among retail investors ahead of full admission next week.
Airtel Money began conditional trading on the London Stock Exchange this morning in a £5.3 billion market debut, dubbed Africa’s Revolut.
Shares, which were open only to investors allocated stock in the offer, were trading flat at around 194p.
But armchair investors are rushing to sign up to the City’s largest IPO in five years ahead of full admission on October 14.
It is the ninth most popular initial public offering on AJ Bell’s investment platform based on the number of customers applying to take part in the offer, it said.
Airtel Money is proving popular among retail investors ahead of full admission next week
Airtel Money, a subsidiary of Airtel Africa, which offers mobile payment services in 13 countries across Africa, is a subsidiary of FTSE 100 telecoms group Airtel Africa, whose shares have trebled in less than two years.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that its ongoing petrol discount is a temporary customer relief measure and does not amount to a restoration of the petroleum subsidy abolished in 2023.
In a statement issued on Friday by Chief Corporate Communications Officer Andy Odeh, the company said the N66-per-litre sales discount, first introduced on 1 October 2026 to mark Nigeria’s 66th Independence Anniversary, will continue until 31 October 2026 at NNPC Retail stations nationwide.
NNPC stressed that the initiative is designed to ease the burden of rising fuel prices linked to elevated global crude oil costs and the Middle East conflict. It applies only to NNPC Retail outlets and does not set a uniform national pump price or change the market-based pricing framework for petroleum products.
“This discount is a customer relief initiative and does not represent the reintroduction of petroleum subsidy,” the statement said. The company urged the public to disregard any interpretation of the measure as a return to the subsidy regime.
The clarification followed comments by Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele, who explained that the discount is funded solely from NNPC Retail’s own profit margin and involves no public funds from the federal budget or Federation Account.
Juhel CEO-Dr Ifeanyi Okoye, Becomes MAN President
Investors Rush For Airtel Money IPO on LSE
JUST IN: NNPC Clarifies Petrol Discount: Relief Initiative, Not Subsidy Restoration
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