Business
Accountability Centre Lauds NNPC’s N5.4trn Profit, Says Ojulari Has Set New Benchmark for Public Sector Performance
A policy advocacy group, the Centre for Energy Accountability and Reform (CEAR), has commended the Nigerian National Petroleum Company (NNPC) Limited for declaring a Profit After Tax of N5.4 trillion for the 2024 financial year.
The Centre described the performance as “an unmistakable affirmation that Nigeria’s oil industry is finally responding to disciplined management and modern commercial reforms”.
In a statement issued on Friday in Abuja and signed by CEAR’s Executive Director, Dr. Ibrahim Ahmed, the centre said the latest results released by GCEO Bayo Ojulari represent the strongest demonstration yet that the company’s drive toward operational efficiency, transparency and investment expansion is yielding measurable outcomes.
NNPC recently announced the 2024 Profit After Tax during a briefing in Abuja, confirming a 64 percent year-on-year jump from the N3.297 trillion recorded in 2023. Revenue also rose sharply to N45.1 trillion, reflecting an 88 percent surge, supported by higher production volumes and strengthened downstream reforms.
CEAR said the results validate the company’s transformation since it became a limited liability company, crediting Ojulari’s leadership for stabilising operations, tightening cost structures and restoring investor confidence at a time when global capital is increasingly sensitive to governance standards.
“This profit performance is not accidental. It reflects a deliberate, disciplined shift in how NNPC Limited is run—one that prioritises efficiency, transparency and commercial viability. Under Bayo Ojulari’s watch, the company has shown that a national oil company can be profitable, globally competitive and strategically aligned with national development goals,” the statement reads.
The Centre said the ongoing reforms across the upstream, midstream and downstream sectors are beginning to correct years of inefficiency, vandalism, under-investment and regulatory conflict.
Ahmed noted that the financial results align with the Renewed Hope Agenda of President Bola Tinubu, particularly the push for fiscal sustainability and improved sectoral governance.
While acknowledging the decline in foreign exchange earnings reported in the 2024 statement, the Centre said the shortfall underscores the need for sustained reforms to boost production, expand gas output and deepen value-addition rather than crude export dependency.
“The path to long-term stability must be investment-led and production-driven. NNPC Limited’s plan to raise crude output to two million barrels per day by 2027 and three million barrels per day by 2030 is the type of ambition the sector requires. Likewise, the move to scale gas production to 12 billion standard cubic feet per day by 2030 shows strategic foresight,” the statement added.
CEAR also praised the company’s plan to mobilise $60 billion in new investments across the value chain, saying such an expansion will be critical for job creation, revenue growth and anchoring Nigeria’s energy transition.
“With this performance, NNPC Limited has sent a clear message that Nigeria’s energy sector can work, and work profitably, when guided by clear vision and competent management,” Ahmed said.
The Centre urged regulators, industry players and political actors to avoid distractions and continue supporting the reforms that are restoring credibility to Nigeria’s petroleum value chain.
Business
How to Become a Money-Making Personal Shopper (and Help People Look Great Too!)
Have you ever helped someone pick out clothes, shoes, or even gifts? Do your friends always ask you, “Which one looks better?” or “What should I wear? ” If yes, you might already have the skills to become a personal shopper. A personal shopper is someone who helps other people choose and buy things. These things can include clothes, shoes, bags, gifts, and even groceries. Personal shoppers also help people save time and make better fashion or shopping choices.
The good news is this: you do not need a big shop or a lot of money to start. You only need good taste, smart thinking, and people skills. Let’s break it down step by step.
What does a personal shopper do?
A personal shopper helps people shop better.
Some clients are very busy. They don’t have time to go to markets or malls. Some people also don’t know what fits them well. Others just want someone with good style to help them choose.
So, a personal shopper steps in and helps them.
A personal shopper can:
l Choose clothes for clients
l Help people shop online
l Pick gifts for birthdays or weddings
l Style outfits for events
l Help people shop on a budget
It is like being a “shopping helper” or “style guide.”
Why is this a good way to make money?
People are always buying things. That means there is always work for personal shoppers.
Some people are busy with school or work. Some people feel confused when shopping. Some just want someone with better taste to guide them.
Because of this, personal shoppers are becoming more popular, especially on Instagram, TikTok, and WhatsApp. And yes—you can get paid for it.
Step 1: Build your style skills.
Before you start, you need to learn how to understand style. You don’t need expensive clothes. You just need to know the following:
l What colors go well together
l What clothes fit different body types
l What looks good for school, parties, or work
l What is trendy and what is not
You can learn this by:
l Watching fashion videos
l Following fashion pages on Instagram or TikTok
l Observing how people dress in real life
l Helping friends choose outfits
The more you learn, the better your taste becomes.
And in this job, good taste is your superpower.
Step 2: Start with people you know
You don’t need clients from the beginning.
Start small:
l Help your friends pick outfits
l Help your family choose gifts
l Help someone going to an event
Ask them:
“Do you want me to help you pick something?”
If they like your help, they may tell others.
That is how personal shopping begins—through word of mouth.
Step 3: Use your phone like a business tool
Your phone is very important in this job.
You can use it to:
l Take pictures of outfits
l Show clients options
l Chat with customers
l Post fashion ideas online
Create a simple WhatsApp or Instagram page like:
l “Style by [Your Name]”
l “Easy Fashion Picks”
l “Smart Shopper Help”
Post things like:
l Outfit ideas
l Before and after styling
l Budget-friendly fashion tips
People will start noticing you.
Step 4: Learn how to shop for others
Shopping for yourself is easy. Shopping for others is different.
You must learn to ask questions like:
l What is your budget?
l What size do you wear?
l What event is it for?
l What colors do you like?
Then you choose items that match their answers.
A good personal shopper listens more than they talk.
Step 5: Start online shopping help
You don’t even need to go to the market at first.
Many personal shoppers work online.
You can:
l Send clients links to clothes
l Help them choose from online stores
l Compare prices for them
l Suggest the best deals
This is called “online personal shopping.”
It is easy to start and does not need money.
Step 6: Decide how you will earn money
There are different ways personal shoppers make money.
You can charge:
l Per shopping job
l Per outfit picked
l Per hour of service
l Or a fixed fee per client
For example:
Helping someone pick outfits for an event = fee
Shopping for a whole wardrobe = higher fee
Some personal shoppers also earn extra by recommending stores or brands.
Step 7: Be trustworthy
This is very important.
People are trusting you with their money and style.
Always:
l Be honest
l Don’t overcharge
l Don’t lie about prices
l Respect your clients
If people trust you, they will always come back.
And they will tell others about you.
Step 8: Improve yourself always
Fashion changes every day.
So you must keep learning:
l New styles
l New trends
l New shopping apps
l New fashion ideas
You can even practice by helping different types of people:
l Kids
l Teens
l Adults
The more you practice, the better you become.
Step 9: Make your brand known
Once you are good, tell more people.
You can:
l Post on social media
l Ask friends to recommend you
l Share customer reviews
l Create a simple logo or name
Your name becomes your business.
Step 10: Grow bigger over time
As you grow, you can:
l Work with boutiques
l Style celebrities or influencers
l Help at fashion events
l Start your own shopping business
What starts as a small skill can become a big career.
Final word
Being a personal shopper is not just about buying clothes. It is about helping people feel confident and happy with how they look. It teaches you creativity, communication, and business skills.
And the best part? You can start even as a student. So next time someone asks you, “Does this look good?” don’t just answer. You might be looking at your future job.
Business
Eko Flavours call on businesses, investors and policymakers to recognize gastronomy as one of Nigeria’s most promising sectors
Practitioners in the food sector have called on businesses, investors and policymakers to recognise gastronomy not merely as culinary art but as a powerful engine of national development.
They made the call on Thursday, June 18, 2026 in Lagos during the celebration of the World Gastronomy Day, framing gastronomy not just as the nation’s cultural signature but as a strategic pillar for inclusive, diversified and sustainable development.
The event, held under the theme “A Seat at the Table”, was organised by the Lagos State Ministry of Agriculture and Food Systems, in partnership with Culinara Group, Tantacom and MIPAD.
The gathering was a showcase of not just fine dining, it underscored how every element of Nigeria’s food ecosystem, from seed to plate, offers opportunities for investment, job creation, and sustainable growth.
“Gastronomy sits at the crossroads of culture and commerce. When we invest in our farmers, our chefs, our food entrepreneurs, we invest in Nigeria’s future,” the Permanent Secretary for Agriculture in the Lagos State Ministry of Agriculture and Food Systems, Emmanuel Audu, said in his opening remarks.
Lagos State Commissioner for Agriculture and Food System, Abisola Olusanya, reinforced this message, calling for coordinated policies that link smallholder producers with processors, distributors, hospitality operators, and exporters.
All the speakers at the event maintained that gastronomy can, and must, be integrated into national development plans. Listing the advantages, they said that agricultural producers gain stable markets and better incomes when chefs and restaurants source locally; food processors and manufacturers create value-added products that command higher prices in domestic and international markets; hospitality and tourism sectors attract visitors eager for authentic culinary experiences, driving revenue and infrastructure development; and youth and women entrepreneurs find pathways to build sustainable food businesses, catering services, packaged-food brands, culinary schools, creating employment and uplifting communities.
A panel of chefs, agronomists, investors, and tourism experts explored practical steps forward. The suggestions included establishing a Lagos Gastronomy Council to coordinate stakeholders; creating grants and low-interest loans for food startups; embedding culinary and agribusiness training in educational curricula; and marketing Nigerian cuisine at global events.
A highlight of the evening was the official unveiling of Eko Flavours Season 3.0, a pioneering culinary franchise that blends competition with modules on entrepreneurship, sustainability, and business development. Season 3 contestants will not only craft delicious dishes but also pitch viable business plans, source responsibly, and tackle waste-reduction challenges, demonstrating that gastronomy can be both art and enterprise.
As the event drew to a close, one message rang clear: the full potential of Nigeria’s gastronomy economy will be realized only when government, industry, investors, educators, and cultural custodians pull together.
Among those in attendance were Canada’s Deputy High Commissioner to Nigeria, Carlo’s Rojas-Arbulu; Special Adviser, Ministry of Agriculture, Oluwarotimi Fashola; Director General, National Council of Arts and Culture, Obi Asika; Chief Communication Officer, GTCO Plc, Oyindamola Adegite; Culture Ambassador, Afro Caribbean Chamber of Culture, Art and Tourism, Olubukola Ariyibi; Co-founder, Pedros, Lola Pedro; Founder and CEO, Awari App, Tannaz Bahnam,Aliensmedia CEO, Segun Awosanya.
Others were Head, SMEs, Partnerships and Collaborations, Ecobank Nigeria, Omoboye Odu; President/Founder, Aliensmedia, Segun Awosanya; Managing Director, Primlaks, Anil Hemnani; CEO, African Concierge Network and Convener, Nigeria Food Summit, Chef Gibbs; culinary artist/Nigerian food enthusiast, Chef Fregz; Busayo Ogunlowore, category development manager, Nestle Nigeria Plc, and Edgar Ayalogu, outreach lead, the HungreeApp.
The event was hotsed by Kamil Olufowobi, founder and chairman, Most Influential 100 (MIPAD); Jennifer Odufuwa, co-CEO, Culinara; and Olufunke Adu of Tantacom.
It was a call to action: to give every stakeholder a voice, every farmer a market, every chef an opportunity, and every community a taste of prosperity.
Business
Dantsoho Pushes Massive Port Modernisation Across West and Central Africa
President of the Port Management Association of West and Central Africa (PMAWCA), Dr. Abubakar Dantsoho, has said Africa cannot achieve meaningful economic growth with outdated port infrastructure, stressing that aggressive investment in modern ports, technology and deep sea facilities is now unavoidable.
Dantsoho, who is also the Managing Director of the Nigerian Ports Authority (NPA), said countries across West and Central Africa have resolved to modernise their ports to remain competitive in global trade and accommodate larger vessels.
Speaking at the closing of the PMAWCA meetings in Lagos, Dantsoho commended President Bola Tinubu and the Minister of Marine and Blue Economy for providing policy direction that is repositioning Nigeria’s maritime sector.
According to him, port infrastructure remains the backbone of economic growth, noting that no country can expand its GDP without expanding and modernising its ports.
“This is an industry that requires huge investment in infrastructure. You cannot make progress with obsolete facilities and still expect to receive newer and larger vessels,” he said.
“You cannot have a hotel built 50 years ago and expect modern customers to continue coming without refurbishment. It is the same thing with ports.”
He said countries within the sub-region, including Nigeria, Ghana, Senegal, Côte d’Ivoire and Benin Republic, are currently repositioning their port systems through upgrades and modernisation projects.
Dantsoho disclosed that while Nigeria is refurbishing Apapa and Tin Can Island ports as a medium-term solution, the country must ultimately develop more modern deep sea ports capable of handling future trade volumes.
He noted that the Lekki Deep Sea Port, with two berths, represents progress, but added that Africa must aim for larger and more sophisticated facilities comparable to global maritime hubs.
“In Singapore, they are building ports with hundreds of berths. Guinea is developing a $20 billion deep sea port project. These are the kinds of investments Africa must begin to pursue if we want to compete globally,” he said.
The PMAWCA President also highlighted the growing role of technology, automation, artificial intelligence and robotics in port operations, insisting that data-driven systems are now central to efficient maritime administration.
According to him, the Nigerian Ports Authority has achieved nearly 90 per cent automation in its operations, with electronic payment and cargo processing systems significantly improving efficiency.
He cited the electronic call-up system introduced at Apapa Port as one of the innovations that has drastically reduced traffic congestion around the port corridor.
“Today, you can go into Apapa and leave within minutes. Before now, people spent hours and sometimes slept on the bridge because of congestion,” he said.
Dantsoho further stated that Nigeria currently accounts for over 70 per cent of cargo traffic entering the West and Central African sub-region due to its large population, market size and strategic position in serving landlocked neighbouring countries such as Niger, Chad, Mali and Burkina Faso.
He explained that Nigeria’s huge consumer market, combined with its youthful population, gives the country enormous maritime and economic potential if supported with modern infrastructure.
“Our market extends beyond Nigeria because several landlocked countries depend on Nigerian ports. But to sustain that advantage, we must provide deeper waters, stronger quays and modern infrastructure that can accommodate bigger ships,” he added.
He also stressed the importance of regional collaboration and peer review among African port authorities under PMAWCA, saying member countries are increasingly sharing experiences, performance benchmarks and strategies to improve operational efficiency and competitiveness across the region.
According to him, Africa’s future economic growth will depend heavily on how quickly its maritime sector adapts to global realities through infrastructure renewal, technological innovation and regional integration.
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