FAAN defends N712bn Lagos Airport rehabilitation, says facility 50 years old

The Managing Director of the Federal Airports Authority of Nigeria, FAAN, Mrs Olubunmi Kuku, has declared that Terminal One of the Murtala Muhammed International Airport, MMIA, Lagos, has become obsolete and has clearly outlived its intended lifespan.

Speaking during a television interview, Kuku revealed that the terminal, constructed nearly five decades ago, has not undergone any major rehabilitation since it was built.

She noted that, unlike other countries that regularly upgrade their aviation infrastructure, Nigeria has allowed the facility to remain in its original state for 50 years.

She criticised those opposing the Federal Executive Council’s, FEC, recent approval of N712.24 billion for the airport’s comprehensive rehabilitation, describing their stance as contradictory.

“You can’t keep saying the airports are in shambles and, when it’s time to fix them, start opposing the investment.

“This airport was built almost 50 years ago with no major upgrades. Globally, airports are improved continuously, they don’t wait half a century to act. So, the question is: do we fix it now or keep postponing?” Kuku said.

The FAAN boss stressed that the project was subjected to a rigorous procurement process, including review by the Bureau of Public Procurement, BPP, and ratification by the FEC, with all relevant data and documents publicly available.

“Do you think a project of this scale would be approved without a full tender process? Certainly not. Under my leadership, due process was strictly followed. It went through BPP, then the Federal Executive Council, and all information is accessible to the public,” she stated.

Kuku assured Nigerians of FAAN’s commitment to transparency and accountability, promising that procurement documents and project milestones would be made available for public scrutiny.

“We work for the public, and we have a duty to justify every naira spent. If you’re going to invest that much, the public deserves full disclosure,” she added.

According to her, the rehabilitation plan goes beyond surface renovation. It will involve a total overhaul of Terminal One, modernisation of existing facilities, expansion of the apron, and the construction of a new transit terminal.

She pointed out that Nigeria currently lacks a functioning transit system, which limits its ability to attract connecting passengers.

“Right now, there’s no single transit operation within Nigerian airports. If we want to boost passenger numbers, transit passengers are critical, but that’s impossible without the right infrastructure,” she explained.

The upgrade will also address structural limitations at Terminal Two, where wide-bodied aircraft currently face operational difficulties. Plans include expanding the finger section, redesigning passenger flow systems, and developing new road networks.

Kuku added that rerouting check-in procedures and scheduling changes are already underway in partnership with airlines to ease congestion during the upgrade period.

She emphasised that the project aims to position Nigeria’s aviation sector for global competitiveness, not just rebuild infrastructure.

“Our airports are the country’s front door. For first-time visitors, investors, and business travelers, their first impression of Nigeria is through our airports.

“This upgrade is about ensuring that experience matches our national image and ambitions,” she added.

‘We’re not using police to settle union dispute’ – NUPENG

The National President of the National Union of Petroleum and Natural Gas Workers, NUPENG, Williams Akporeha,
has denied claims that the union is using the police and the courts to resolve internal leadership disputes.

Akporeha denied this allegation on Wednesday during cross-examination by Christopher Oshomegie, defence counsel, in the ongoing trial of 21 former leaders of the Petroleum Tanker Drivers, PTD, branch of NUPENG before Yusuf Halilu, judge of the high court of the federal capital territory, FCT, Abuja.

The defendants are said to be facing a five-count charge bordering on attempted murder, breach of public peace, and assault.

Among them are Lucky Osesua, a former PTD national chairman; Dayyabu Garga; Humble Obinna; Akinolu Olabisi; Godwin Nwaka; Tiamiu Sikiru; Abdulmimin Shaibu; and John Amajuoyi. Others include Zaira Aregbo, Patrick Erhivwor, Stephen Ogheneruemu, Gift Ukponku, and Sunday Ezeocha.

In the charge marked FCT/HC/CR/042/2023, the prosecution alleged that the defendants attacked Akporeha, Olawale Afolabi, the union’s secretary-general, and Augustine Egbon, the newly elected PTD national chairman, in a manner that endangered their lives.

All the defendants pleaded not guilty to the charges.

Testifying as the second prosecution witness (PW2), Akporeha told the court that NUPENG remains a unified body and is not divided into rival factions as alleged.

“It is not correct that one group is using the police and court against another to settle a union matter.

“I am the national president of the union; I oversee everybody. NUPENG is one body, and there are no groups. NUPENG has about 150 branches, and PTD is just one of them. The issue of one group against another does not arise,” he said.

He told the court that the PTD branch had conducted an executive election in June 2022 in Ibadan, the Oyo state capital, which produced Osesua and others as winners.

However, the national industrial court sitting in Yenagoa, Bayelsa state, later nullified the election and ordered a fresh poll under the supervision of NUPENG.

“After the first election was nullified, another one was conducted as directed by the court.

“Some of them went to court again, and that one too was nullified. After this, NUPENG conducted another election in Ibadan, while some people held an illegal one in Abuja.

“It is NUPENG that is supposed to conduct the election, and the one conducted in Ibadan was the legitimate one,” Akporeha said.

Stakeholders push for resolution of Akwa Ibom Stubb Creeks row

Umo EnoAn advocacy group under the auspices of Open Forum in Akwa Ibom State has called on the state governor, Umo Eno, to fashion out an acceptable resolution method to end the lingering Stubb Creeks Forest crisis in the state.

The crisis over the control of the oil-rich reserves has dragged on for more than two years between the Eket and Esit Eket on one hand and their Ibeno neighbours on the other side land, leading to deaths and destruction of property estimated at millions of naira.

The decision of the state government to set up a high powered committee to resolve the crisis has been stoutly rejected by the Eket people who insisted on the implementation of the numerous court judgements and statues of the legislature

However, following the backlash generated by the proposed committee, the group in a statement released in Uyo by it convener, Matthew Okono, on Wednesday appealed to the governor to come up with an acceptable method to resolve the crisis.

The statement read in part, “Given previous records of bloody hostility arising from the struggle for the control of the same land, it is our passionate appeal to His Excellency, Gov Umo Eno, to fashion out an acceptable method of resolving the matter based on justice given how his personal integrity has been repeatedly challenged in the matter by individuals and organisations of Eket and Esit Eket extractions without any attempt to refute the serious allegations.”

Okono condemned the manner in which the traditional institution was dragged into the crisis following a reaction to one traditional worshipper, Princess God’s own

Udoito who had, in a disturbing footage summoned governor Eno and Akwa Ibom State Government before Eket deities.

The lady dressed in a tight black dress with a raffia palm leaves knotted around her ankle and waist, was seen standing before a tree and clutching a bottle of dry gin and performing a ritual

He said, “Open Forum is deeply concerned that the revered Akwa Ibom State Traditional Rulers in the State has been dragged into the case, not in the course of resolving the land matter, but in reaction to a traditional worshipper, Princess God’ownUdoito’s private session at her shrine.

‘’This  daughter of Esit Eket whose method of advocacy for the resolution of the land case went from her known Facebook podcast to using traditional items such as Ayei(Fresh palm frond) and Ufofob (local gin) to offer traditional prayers on the Stubb Creek matter at her shrine.

‘’In a video which trended on social media, three Paramount Rulers, as emissaries of the Akwa Ibom State Traditional Rulers Council had gone to the palace of the Paramount Ruler of Esit Eket to deliver a message from the Akwa Ibom State Traditional Rulers Council, directing the Esit Eket Monarch and a clan head to bring Princess Udoito to a meeting at the State Traditional Rulers Council Chambers, Wellington Bassey Way, Uyo on September 25, 2025.

‘’The traditional summons which involved the presentation of “ayei” raised mixed feelings with unfavourable comments across the State and beyond. The proposed meeting could not however hold as scheduled.

‘‘In our pursuit of an amicable resolution of the incident, Open Forum had conversations with some royal fathers of interest over the matter, appealing for discreet resolution because of certain sensitive issues surrounding it.

‘’As an organisation, we are saddened that the attention given to Princess God’sownUdoito’s private worship in her shrine attracted swift action rather than the reason for her act. This was made worse by the individual that secretly recorded and circulated on social media the amateur video of the supposed rare and sacred event of royal fathers on a special traditional visit to their colleague.

‘’This is an embarrassment to the traditional institution and the people of the State. The perpetrator should be warned against such breach of protocol and secrecy in future.”

He added, ‘The revered traditional institution must be insulated from poor sense of judgement, petty influences and crude interests  of politically exposed persons who are ever ready to sacrifice anything in an attempt to manage their challenged reputations and retain their source(s) of livelihood. We understand some politicians had earlier attempted to get into the issue involving Princess Udoito without success.

‘’To ensure our royal fathers have access to bright minds to analyse and advise them on critical issues such as this before they take a decision for, or against we advocate the mandatory establishment of Palace Advisory Councils for all Paramount Rulers in the state. Clan Heads should have it too.

‘’Decisions on critical issues should not be left to the royal fathers alone to take with thorough review and expert recommendations. No royal fater should be taken unaware of issues, particularly issues of consequence.

‘We most respectfully appeal to our royal fathers to manage the outcome of the September 20, 2023 summons to avoid drawing the traditional institution to needless controversies beyond what is in public domain so far.

‘’We also appeal to those using the opportunity to taunt royal fathers to please cease further acts. As much as no one should be silenced while fighting for justice, a blanket demeaning of the traditional institution is a no, no. Where clear and outstanding issues of intentional oppressions and integrity are established, such can be treated as a stand- alone or isolated case.’

The group also expressed concern over the silence of the political leaders, heads of socio-cultural organisations, religious leaders and opinion  leaderover the issue, warning that everything should not be left the hands of the governor alone to handle

He said,’’Finally, Open Forum is worried by the deafening silence of political leaders, stakeholders, heads of socio-cultural organizations, opinion and religious leaders in the state over critical issues.

Everything should not be left to the Governor to attend to before they are resolved in the State. It is no longer a secret that some of those who should be solving crises are themselves perpetrators of crisis.

‘’Those who are always visible at ceremonies within and outside the State should not become invisible when responsibilities of leadership beckons. All hands must be on deck to make Akwa Ibom State a land where injustice and oppression are taboos.

‘’A stitch in time over this and other troubling issues in the State shall not only save nine, but our reputation and the safety of about 9 million citizens and residents of the State.’’.

IG suspends enforcement of tinted glass law

Tinted-glassThe Inspector-General of Police, Kayode Egbetokun, has temporarily suspended the enforcement of the Motor Vehicles (Prohibition of Tinted Glass) Act, 1991.

A statement on Thursday by the Force Public Relations Officer, CSP Benjamin Hundeyin, said the decision followed a meeting between the police chief and a delegation of the Nigerian Bar Association led by its President, Afam Osigwe (SAN), at the Force Headquarters, Abuja.

He said the discussion focused on the ongoing enforcement of the tinted glass law and the need for cooperation between the Police and the Bar in upholding the rule of law and promoting public confidence.

Hundeyin said although there is no clear court order halting the enforcement of the law, the police suspended the exercise “out of consideration for the interest of Nigerians and regard for the Nigerian Bar Association,” pending the hearing of a motion on notice scheduled for October 16, 2025, at the Federal High Court, Warri, Delta Sta

The statement partly, “The Inspector-General of Police has received a delegation of the NBA led by its President, Afam Josiah Osigwe, SAN, at the Force Headquarters, Abuja.

“The visit, which centred on issues surrounding the enforcement of the Motor Vehicles (Prohibition of Tinted Glass) Act, 1991, by the Force, provided an opportunity for robust deliberations on issues of mutual concern, particularly the need for synergy between the Police and the Bar in upholding the rule of law and promoting public confidence.

“The Nigeria Police Force, while noting that there is no clear court order stopping the enforcement of the Motor Vehicles (Prohibition of Tinted Glass) Act, 1991, has, out of consideration for the interest of Nigerians, and regard for the Nigerian Bar Association, temporarily suspended the enforcement of the Act, pending the outcome of the hearing of the Motion on Notice slated for 16th October 2025, at the Federal High Court, Warri, Delta State.”

He said to strengthen cooperation, a joint Police–NBA committee has been inaugurated to enhance collaboration between both institutions.

“To further strengthen the relationship between the Nigeria Police Force and the Nigerian Bar Association, a Police-NBA committee has been inaugurated to enhance collaboration between the police and the bar.

“In the meantime, all vehicle owners and motorists are urged to take advantage of this window to regularise their documentation and ensure full compliance with all relevant laws regulating the use of motor vehicles with shaded or tinted glasses in Nigeria. ”

He urged motorists to use the suspension period to regularise their vehicle documentation and comply with all laws regulating the use of shaded or tinted vehicle glasses.

“The Inspector-General of Police, IGP Egbetokun, reiterates the resolve of the Force to enforce all extant laws with fairness, transparency, and respect for the rights of all citizens while maintaining effective collaboration with critical stakeholders in the administration of justice, ” he said.

The PUNCH reports that a Federal High Court issued an order in Suit No. FHC/WR/CS/103/2025 — John Aikpokpo-Martins v. Inspector-General of Police & Nigeria Police Force — directing the police to suspend the enforcement of the permits pending the determination of the substantive case.

The court further ordered the police to maintain the status quo, effectively halting any action against motorists until the case is resolved.

On October 4, the Force Public Relations Officer ,Hundeyin,stated on X that the police had not yet been formally served with the court order.

Pay more attention to health, education, TUC tells Diri

Bayelsa Governor, Douye DiriThe Chairman of Trade Union Congress in Bayelsa State, Julius Laye, has called on the Governor DouyeDiri-led government to do more in spite of its achievements in several sectors of the economy.

Laye particularly mentioned the ongoing construction of roads, the acquisition of two aircrafts, gas turbines, construction of the nine-storey state secretariat building and offsetting of gratuities to retired local council workers amongst others.

But, he said the government should employ staff in the health sector to replace retiring staff otherwise, a situation would arise where there would be no staff to handle the facilities.

His words: “For me, I’m interested in the area that affects us even though I know that roads construction are going on. We have also been told that two carriers are coming in and then the gas turbines.

“So, in addition to those ones, just close to my window, the nine storey secretariat building is ongoing, salaries are paid as at when due and local government gratuities have been offset.

“They have offset that one and we are working towards seeing that of the state own too, which initially was N27 billion, and now has come down to N12 billion.

“So, after these areas, I will also emphasise that more attention should be paid to education and health, even though they are doing well in those areas.

“Civil Service Commission has employed, Post Primary Schools Board has employed, but I think that Hospitals Management Board has not employed for long.

“I talked with the commissioner that you have people retiring every month and every year, so if you don’t replace them, you have the facilities and the workforce is not there, you might not have the end result.

“So, with those ones, I will say fair enough, but more needs to be done.”

When reached for comment, the Assistant Publicity Secretary of the All Progressives Congress in Bayelsa State, Mr. Zuokumor said he would not want to say anything on the issue.

Zuokumor said: “I wouldn’t want to delve into that right now.”

The State Chairman of the Nigerian Labour Congress in Bayelsa State, Comrade Barnabas Simon could not be reached for comment as he did not pick his calls.

11 states scrap telecom fees to boost broadband rollout

Telecommunication

Nigeria’s broadband expansion push gained momentum after 11 states removed charges on Right-of-Way for fibre-optic deployment, the telecoms regulator said Wednesday, urging others to follow suit to speed up digital infrastructure projects.

RoW fees are levies imposed by state governments on operators for laying fibre cables along roads and public land. The charges have been a major barrier to broadband rollout in Africa’s most populous nation, where internet penetration lags global averages.

The Executive Vice Chairman of the Nigerian Communications Commission, Aminu Maida, said at a business roundtable in Abuja, that removing these fees is a critical step toward lowering deployment costs and accelerating connectivity.

Other states still impose the charges, leaving a fragmented regulatory environment that industry experts say slows investment.

“One of the most significant barriers to broadband deployment in Nigeria has been the high RoW fees charged by state governments, despite a resolution by the Nigerian Governors Forum fixing the rate at N145 per linear metre,” the chief regulator said in a statement.

“Recognising this challenge, the telecom regulator intensified advocacy with states to reduce or waive these fees to accelerate broadband rollout. Within the past two years, five additional states, such as Adamawa, Bauchi, Enugu, Benue, and Zamfara, have waived RoW fees entirely.

This brings the total number of states offering zero RoW charges to 11, while 17 states have capped it at N145 per metre,” he added.

Under the leadership of President Bola Tinubu and the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, Nigeria is pursuing the ambitious targets of the National Broadband Plan (2020–2025). The plan sets a clear path to achieve 70 per cent broadband penetration by the end of 2025 and to deploy 90,000 kilometres of fibre-optic backbone infrastructure across the country.

Maida explained that a uniform and predictable RoW regime remains critical to Nigeria’s broadband investment climate, noting that inconsistent enforcement, weak coordination with road authorities, and the absence of clear planning protocols continue to create delays and cost uncertainties for telecom operators.

Beyond RoW, the NCC boss highlighted other persistent challenges, including multiple taxation, energy supply volatility, cumbersome permitting processes, and widespread vandalism of telecom infrastructure. According to him, between January and August 2025, Nigeria recorded 19,384 fibre cut incidents, 3,241 cases of equipment theft, and more than 19,000 cases of access denial to telecom sites.

“Together, these disruptions have caused prolonged outages, revenue losses, increased security costs, and delayed service restoration. They demonstrate why infrastructure protection must be at the centre of our collective agenda,” Maida said.

He warned that governors and state leaders must act decisively or risk leaving their economies behind.

“Every governor and state represented in this room holds a strategic lever. Waiving RoW charges, protecting telecom infrastructure, and proactively supporting fibre deployment are decisions that can determine the prosperity or stagnation of your states,” he said.

The NCC also announced plans to launch two strategic tools to deepen accountability and investment. These are the Ease of Doing Business Portal, a one-stop shop providing information and links to the 36 states and the FCT, and the Nigeria Digital Connectivity Index, an annual framework to measure and publish each state’s digital readiness and competitiveness.

“In the 21st century, prosperity now lies in data, connectivity, and human potential. Pipelines of oil are giving way to pipelines of fibre,” the regulator said. “Factories are being redefined by how many tech entrepreneurs we nurture, not how many smokestacks we build.”

Nigeria has set a target to expand broadband penetration and deepen access to digital services as part of its digital economy strategy, but progress has often been slowed by uneven state policies and regulatory bottlenecks. The NCC has been engaging with governors through forums and bilateral meetings to secure commitments on RoW and infrastructure protection.

Maida urged stakeholders to treat broadband expansion as a shared responsibility involving government, operators, security agencies, and development partners. “The digital revolution does not wait. Let us align, invest, and protect for the prosperity of our people and the future of our nation. Will we align, or be left behind?” he asked.

NNPC, Sahara, others unveil Nigeria’s first wholly owned floating vesselThe NNPC Limited, Sahara Group, Eroton E&P, and Bilton Energy Ltd have unveiled Nigeria’s first wholly owned 2.2-million-barrel capacity Floating Storage and Offloading vessel, designed to drive sustained oil and gas production.

In a statement on Wednesday, the firms said the vessel is Nigeria’s first crude oil terminal to be commissioned in 50 years.

“Christened Cawthorne, the Floating Storage and Offloading Terminal is a world-class facility designed to enhance crude evacuation from Nigeria’s OML 18 and nearby assets. OML 18 partners include Nigerian National Petroleum Company Ltd, Eroton E&P, OML Eighteen Energy Resource Ltd (a Sahara Group Company) and Bilton Ltd,” the statement said.

The NNPC Executive Vice President, Udobong Ntia, who represented the Group Chief Executive Officer, Bayo Ojulari, said the vessel “is another bold achievement from the partnership between NNPC and its JV Partners that will guarantee seamless operations and bolster the strategic targets set by President Bola Tinubu towards ensuring optimised upstream production in Nigeria.”

Strategically stationed offshore Bonny, the double-hull FSO vessel with a storage capacity of 2.2 million barrels represents a bold step forward in strengthening Nigeria’s crude export infrastructure and operational resilience, according to Sahara Group.

It was added that the facility will receive, store, and offload crude oil to export tankers, providing a dependable solution to the logistical and infrastructural constraints that have long limited Nigeria’s crude evacuation capacity.

NNPC Chief Upstream Investment Officer, Seyi Omotola, said the vessel represents a renewed hope for Nigeria’s upstream sector, adding that it also reaffirms the growing capacity of the nation to make its energy sector globally competitive.

The Head of Commercial and Planning at Asharami Energy, a Sahara Group upstream company, Tosin Etomi, stated, “The Cawthorne FSO stands as a symbol of innovation meeting necessity. It is not just a vessel; it’s an assurance of continuity, reliability, and value creation for our partners, our nation, and our people. This collaboration with the NNPC, NUPRC and other stakeholders embodies the drive to turn complex energy challenges into sustainable solutions that power progress across Africa.”

Etomi said the ultramodern vessel is fitted with digital capabilities that make it a vessel “built for the future, driving operational flexibility, reducing carbon exposure from barge movements, and enhancing overall evacuation safety. It’s an investment in the resilience of the upstream sector and our environment.”

Etomi added, “The commissioning of FSO Cawthorne reaffirms Sahara Group’s and indeed OML 18 partners’ commitment to powering progress responsibly through partnerships, innovation, and infrastructure that strengthen Africa’s energy independence.”

The statement added that the FSO Cawthorne project was conceived to address persistent challenges in Nigeria’s evacuation system, including limited barging capacity, delays in ship-to-ship transfers, and reduced vessel accessibility due to siltation at various berthing slots, which is much needed to support the assets’ 2025 exit volume of 50,000 bopd.

“Through this innovation, OML18 partners have created a more efficient, safer, and sustainable alternative that will reduce pipeline dependency and the risks associated with oil theft and vandalism. The conversion of the Cawthorne vessel from a very large crude carrier into a fully integrated FSO unit was a feat of engineering excellence. It included extensive modifications, state-of-the-art mooring systems, and cutting-edge import and export infrastructure, all designed in line with international maritime, safety, and environmental standards such as IMO and MARPOL.

Fitted with a Marine Control System, the first and only FSO with such in the region, it combines this technology with artificial intelligence to maximise fully automated import/export systems, PAGA, and security, to list a few of the features.

“The vessel can accommodate up to 50 personnel on board, offering a safe, secure, and comfortable environment for crew members and operations staff. Beyond its immediate operational benefits, the FSO serves as a scalable platform capable of accommodating future production increases and tie-ins from surrounding oil fields, further cementing its role as a strategic national asset,” the statement concluded.

Banking, oil gains lift NGX by N459bn

NGX-750×375The Nigerian Exchange maintained its bullish momentum on Wednesday as renewed investor confidence pushed the market capitalisation higher by N459bn, driven by sustained interest in banking and oil stocks.

At the close of trading, the market capitalisation rose to N92.5tn from N92.04tn recorded on Tuesday, while the All-Share Index appreciated 0.50 per cent to close at 145,719.09 points.

A total of 525.7 million shares valued at N13.59bn were traded in 25,571 deals, representing a four per cent rise in volume, a 44 per cent drop in turnover, and a 17 per cent decline in the number of deals compared with the previous session.

Market data showed that 130 listed equities participated in the day’s trading, ending with 29 gainers and 35 losers

FTN Cocoa Processors led the gainers’ chart with an 8.89 per cent increase to close at N6.00 per share, followed by Livestock Feeds, which rose 7.43 per cent to N7.95. Eterna gained 6.96 per cent to settle at N41.50, while Prestige Assurance and Fidelity Bank appreciated  4.94 per cent and 4.74 per cent, respectively. MTN Nigeria also advanced 4.64 per cent to close at N470.90.

On the losers’ table, Industrial & Medical Gases led with a 9.97 per cent decline to close at N32.95 per share. LivingTrust Mortgage Bank dipped 9.93 per cent to N5.35, Sunu Assurances shed 9.48 per cent to N5.25, while Jaiz Bank and Chams fell 7.53 per cent and 6.28 per cent respectively.

Consolidated Hallmark Holdings emerged as the most traded stock by volume with 83.5 million shares, followed by FBN Holdings with 36.5 million shares, Jaiz Bank with 28.7 million, and Chams with 24.5 million shares. In terms of value, GTCO led with N1.79bn worth of shares exchanged, followed by Lafarge Africa (N1.39bn), Aradel Holdings (N1.30bn), Zenith Bank (N1.28bn), and FBN Holdings (N1.13bn).

Sectoral performance reflected positive sentiment as the Premium Index rose 1.47 per cent, the Oil & Gas Index increased 0.59 per cent, and the Banking Index appreciated 0.12 per cent. The Pension Index also gained 0.74 per cent, underscoring steady investor appetite for value and dividend-paying stocks.

Overall, the market recorded a one-week gain of 2.11 per cent, a four-week gain of 4.24 per cent, and a year-to-date return of 41.58 per cent.

FirstBank to bridge financial gaps with digital solutions

First-Bank logoFirstBank Group has expressed its commitment to bridging financing gaps and leveraging digital solutions to tackle business challenges across key sectors of the economy.

This was disclosed by the Managing Director/Chief Executive Officer of FirstBank, Segun Alebiosu, at a breakfast session during the 31st Nigeria Economic Summit, themed ‘Expanding Access to Finance and Driving Growth Across Middle Market and Emerging Corporate Segments’, held in Abuja.

He said that a prosperous nation is built on the backbone of its real sector, adding that access to finance remains fundamental to unlocking the sector’s full potential.

“That is why we have placed this subject at the heart of our discussion, to catalyse sustainable growth and inclusion where it matters most,” he said.

According to him, FirstBank empowers Small and Medium Enterprises and emerging corporates through tailored products and services designed to stimulate growth across their value chains and support Nigeria’s economic evolution.

He stressed that collaboration among policymakers, industry players, and technology partners was vital to achieving lasting impact.

“By forging partnerships across policy, industry, and technology, we can create an enabling environment that unlocks new opportunities for businesses to thrive. That is the driving purpose of today’s session,” Alebiosu said.

He highlighted that with a legacy spanning 131 years, FirstBank remains a trusted partner to SMEs and large corporates, offering comprehensive banking solutions that enhance innovation, resilience, and diversification in the economy.

Also speaking, the Group Executive, Commercial Banking, North Division, Mrs. Aishatu Bubaram, said the middle market and emerging corporates are central to Nigeria’s future prosperity.

She described these enterprises as vibrant drivers of job creation, innovation, and diversification across key sectors such as agribusiness, healthcare, digital services, and light manufacturing.

Bubaram noted that despite their potential, these businesses face persistent challenges, including limited access to finance, inadequate advisory support, and fragile operational ecosystems.

“FirstBank recognises that addressing these barriers is not just a banking imperative; it is a national imperative,” she said, adding that  the discussion was not merely about banking but reimagining how finance can boost inclusion.

Dangote refinery, engineers on warpath over fresh redeployment

Dangote refinerySome of the engineers sacked by the Dangote refinery for allegedly joining the Petroleum and Natural Gas Senior Staff Association of Nigeria have decried the plan to redeploy them to sugar, cement and other business units under the Dangote Group.

The workers, who spoke with The PUNCH anonymously due to the sensitivity of the matter, said the company was victimising them for unionisation.

However, the Dangote media team debunked these claims on Wednesday, saying there are PENGASSAN members still working in the refinery.

PENGASSAN shut down oil and gas facilities between Sunday and Tuesday last week over allegations that 800 refinery workers were fired for volunteering to be members of the union.

But the Dangote refinery said it only sacked a few workers who were sabotaging the facility, tagging it reorganisation.

Oil and gas workers went on strike in defence of their colleagues, causing the nation losses in oil and gas production as well as a drop in power generation.

The intervention of the Federal Government restored peace as the Dangote Group was asked to redeploy the sacked workers.

Speaking with our correspondent, the workers said they have yet to be recalled or redeployed as of Tuesday.

Sources within the Dangote Group had earlier told our correspondent that the company was ready to redeploy the engineers to its sugar and cement plants.

It was learnt that the company would also recruit new engineers to replace the redeployed ones, and the redeployment would be a huge loss to the company.

Our correspondent also gathered that some of the 800 workers could be deployed to units within the group’s operations outside the country.

But the affected workers said they were not pleased with the development.

According to them, their appointment letters showed that they were specifically employed by the refinery and not the Dangote Group, saying being transferred out of the company that employed them would be unfair to them, and wondering how a petrochemical engineer would cope at a sugar plant.

“It is victimisation. How will you redeploy us from the refinery to sugar or cement plants? It is not fair. Most of us weren’t employed by the Dangote Group; we were employed by Dangote Petroleum Refinery and Petrochemicals. If we were employed by the Dangote Group, we would know that we could be redeployed from one unit to another. This is like victimising us. Some of us are petrochemical engineers; how do you want them to cope? It is affecting some of us psychologically,” they said.

The engineers disclosed that they have been sitting at home since September 25, after the company issued a letter to sack all staff, though the company said it sacked a few workers for sabotage.

According to the engineers, 800 of them were asked to stay away pending when they would be redeployed. They recalled that previous attempts to access the refinery were rebuffed by security agents at the gate.

“Currently we are at home; we are not allowed to go into the refinery. The management said they would get back to us as far as the redeployments are done, but we have not heard anything so far. There were times when we tried to enter the refinery, but we were sent back. There are pictures of those incidents,” they said.

It was stated that Indian nationals were the only ones operating the refinery at the moment, as all Nigerian engineers were sent away for joining the union.

“At the moment, only Indians are running the refinery. All Nigerian engineers were sacked because we joined PENGASSAN,“ they alleged.

Recall that the refinery had earlier dismissed this allegation, saying, “Over 3,000 Nigerians continue to work actively in our petroleum refinery at present. Only a very small number of staff were affected, as we continue to recruit Nigerian talent through our various graduate trainee programmes and experienced hire recruitment process.”

Speaking further, the workers explained that they wouldn’t have joined PENGASSAN if they were well paid. They clarified that the decision to join PENGASSAN came after the Dangote management announced that workers were free to unionise.

“We wouldn’t have joined PENGASSAN if we were well paid. Our salary is around N400,000, and after deductions, it falls below that.

“We didn’t plan to join PENGASSAN; the management announced it themselves that workers were free to unionise. We joined PENGASSAN, and it became an issue,” they expressed worries.

On allegations of sabotage, the engineers declared their love for the $20bn refinery, saying they would never sabotage a facility they helped build.

“We cannot sabotage the refinery. We love the refinery. Some of us built it from the beginning. How can we sabotage what we built? It is not possible. We’ve been very committed, and we were doing everything to ensure the success of the plant for the good of all Nigerians.

“As it is, we are all waiting for our posting letters. There’s nothing we can do now because the issue has become a national issue. The presidency is now involved. But we are not guilty of anything. Our only ‘crime’ is that we joined PENGASSAN,” the engineers submitted.

Dangote Group debunks allegations

Meanwhile, the Dangote Group debunked the claims of the affected workers.

According to the group, the engineers were sacked for sabotaging the facility and not because they joined PENGASSAN.

A senior official of the company told our correspondent that PENGASSAN members are still working within the refinery presently.

“Those guys were sacked because of their acts of sabotage. Nobody is victimising them. Their September salary has been paid. Can we call that victimisation? They were not sacked for joining PENGASSAN. We have PENGASSAN members still working with us.

“They should also know that all of us in Dangote can be moved to anywhere within the company. You can be moved from cement to refinery, sugar, salt or fertiliser. That is the business. Many of us have been moved in the past,” the official noted.

He denied the allegation that the engineers were paid below N400,000 as salaries.

“The claim of a N400,000 monthly salary is an outright falsehood; it is far more than that,” he emphasised.

The PUNCH recalls that the Dangote refinery had in recent weeks come under fierce attacks. It began with the Nigeria Union of Petroleum and Natural Gas Workers and the Depot and Petroleum Products Marketers Association of Nigeria, which accused the plant of “monopolistic practices and unfair pricing” after slashing petrol prices.