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African Energy Chamber applauds the Nigerian Content Development and Monitoring Board’s Steadfast Commitment

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African Energy Chamber

The African Energy Chamber commends the Nigerian Content Development and Monitoring Board on its excellence in transparency and efficiency

JOHANNESBURG, South Africa, October 27, 2023/APO Group/ — 

The Nigerian Content Development and Monitoring Board (NCDMB) has once again solidified its position as an exemplar of transparency and efficiency among federal agencies in the country. The NCDMB has, for a second-year running, secured the top position in the 2023 Half-Year Executive Order 001 Compliance Ranking. As the voice of the African energy sector, the African Energy Chamber (AEC) (www.EnergyChamber.org) supports the NCDMB as it strives to deliver transparent, efficient and inclusive development in Nigeria, and commends the organization for this well-earned award.

The NCDMB scored a remarkable 83.06% in the compliance ranking, highlighting the organization’s commitment to excellence and reaffirming its position as a consistent leader among federal agencies. It builds upon the NCDMB’s outstanding performance in 2022, when it placed as the top performer throughout the year.

The Executive Order 001 (EO1), inaugurated by former President Muhammadu Buhari on May 18, 2017, with the objective of advancing transparency and efficiency in the business environment, serves as a cornerstone for establishing policies and practices conducive to business operations. This is of particular significance for nascent start-ups and emerging enterprises as the Order dismantles bureaucratic hindrances and strengthens opportunities for players.

This recognition reflects both NCDMB’s excellence and Nigeria’s enduring dedication to a business-friendly environment

The report, curated by the Presidential Enabling Business Environment Council (PEBEC), is predicated on a weighted composite of scores assessing the execution of efficiency and transparency directives. PEBEC elucidates that an agency’s performance is an amalgamation of its Efficiency and Transparency measures, weighted at 70% and 30% of the overall score, respectively. Furthermore, it emphasizes that ministries, departments, and agencies distinguish themselves by achieving a harmonious equilibrium between efficiency and transparency.

According to the PEBEC, efficiency, a cornerstone of this evaluation, centers on an agency’s commitment to adhering to established service delivery timelines, ensuring the expeditious and effective provision of services. Conversely, transparency, an equally critical dimension, focuses on the existence and functionality of organizational websites and the provision of exhaustive information pertaining to timelines, costs, statutory prerequisites, and customer service contact channels. As such, the AEC commends NCDMB’s commitment to enhancing transparency and efficiency in Nigeria’s business landscape. NCDMB’s consistent top-ranking performance in 2023, following its premier performance in 2022, highlights its dedication to fostering a conducive business environment for both local and international enterprises.

One of the primary goals of the NCDMB is to promote the participation of indigenous companies and individuals in the oil and gas industry. This includes creating opportunities for local businesses, enhancing skills and expertise among Nigerians, and ensuring that the sector benefits the nation’s economy. NCDMB’s consistent performance in the EO1 Compliance Ranking aligns with its dedication to this mission. By streamlining processes and reducing bureaucratic obstacles, NCDMB enhances the ease of doing business for local enterprises. This, in turn, encourages the growth of indigenous companies, supporting local content initiatives by providing them with a level playing field to compete effectively.

This achievement is particularly important for energy initiatives, as transparent and efficient government agencies foster a better overall business climate. This helps start-ups and existing businesses operate more smoothly, reduces the cost of doing business, and minimizes the chances of corruption. All of these factors make Nigeria more competitive globally.

“The AEC applauds NCDMB’s commitment to enhancing transparency and efficiency in Nigeria’s business landscape. This recognition reflects both NCDMB’s excellence and Nigeria’s enduring dedication to a business-friendly environment. The AEC firmly supports NCDMB in advancing the energy sector in Nigeria and across Africa,” states NJ Ayuk, Executive Chairman of the AEC.

The NCDMB’s ranking reinforces Nigeria’s commitment to strengthening ease of doing business and streamlining economic activities, making it more attractive to stakeholders in the energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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