Black Market Dollar To Naira Exchange Rate Today, Monday 18, 2026

On Monday, May 18, 2026, the Nigerian naira saw minor swings against the US dollar on both the official and unofficial foreign exchange markets due to ongoing demand pressure.

According to the most recent figures released by the Central Bank of Nigeria and market trackers, data from the Nigerian Foreign Exchange Market (NFEM) indicated that the official exchange rate was approximately ₦1,371 per dollar. The market moved between roughly ₦1,369 and ₦1,374 per dollar during the day.

According to Techeconomy Intelligence, the dollar traded at a buying rate of about ₦1,395 and a selling rate of about ₦1,405 in major trading hubs such as Lagos and Abuja on the parallel market (black market).

Also read: https://brandspurng.com/2026/05/17/liquid-intelligent-technologies-revitalises-access-to-cloud-and-cyber-security-services-in-support-of-improved-national-digital-resilience/

Brandspur banking and finance news desk reports that as a result of the Central Bank of Nigeria’s ongoing efforts to increase liquidity and stabilise the foreign exchange market, the difference between the official and parallel markets remained comparatively small compared to earlier months.

Sustained interventions and better dollar supply to authorised dealers, according to analysts, have helped lower volatility in recent weeks.

Despite continuous demand from importers, manufacturers, and individuals looking for foreign exchange for travel and business transactions, recent trading sessions have also shown the naira maintaining relative stability within the ₦1,360 to ₦1,380 range at the official window.

However, market observers pointed out that investor confidence, foreign reserve levels, and changes in the price of oil globally would continue to impact the naira’s trajectory in the days ahead.

Liquid Intelligent Technologies Revitalises Access To Cloud And Cyber Security Services In Support Of Improved National Digital Resilience

These services will be available to existing and potential customers in Botswana, and at the centre of the new offering is Secure360, the company’s integrated security framework

GABORONE, Botswana, May 13, 2026/ –&nbspLiquid Intelligent
Technologies (https://Liquid.Tech [6]), a business of Cassava
Technologies, a global technology leader, brings cloud and cyber
security solutions and services to businesses and enterprises of all
sizes in Botswana. The announcement comes as Liquid celebrates a decade
of operations in the country.

These services will be available to existing and potential customers in
Botswana, and at the centre of the new offering is Secure360, the
company’s integrated security framework that enables organisations to
move beyond reactive breach response towards proactive intelligence,
protection and assurance. The solution combines local delivery with
continental-scale infrastructure and global technology partnerships to
provide organisations with enterprise-grade digital security and cloud
capabilities aligned with national digital priorities.

“Over the last decade, Liquid has deployed over 1174.08 km of fibre,
bringing multi-terabit capacity and unmatched resilience to the region.
By establishing a 730km backbone along the A1 road, we’ve positioned
Botswana as a critical hub, linking networks from Zimbabwe, South
Africa, Kenya, Zambia, the Democratic Republic of Congo, and Sudan,”
said Odirile Tamajobe, Managing Director of Liquid Intelligent
Technologies Botswana. “Now, by bringing the cloud and cyber security
services into the country, we are empowering local businesses with
world-class digital solutions, ensuring they can compete and win on the
global stage.”

The expansion of Liquid’s offerings in the market reflects the broader
Cassava strategy to deliver integrated digital infrastructure and
platforms through its One Cassava approach.

Also read: https://brandspurng.com/2026/05/17/maximedia-at-15-a-journey-of-vision-resilience-and-impact/

“When organisations engage with Liquid Intelligent Technologies in
Botswana, they are connecting to the strength of Cassava’s integrated
digital ecosystem,” said Ziaad Suleman, CEO of Cassava Technologies SA
and Botswana. “Beyond cloud and cyber security, customers can access
data centres, AI readiness reviews, and tailored technology journey
roadmaps, all within a unified platform designed to support secure
innovation and long-term digital resilience”.

As Botswana advances on its Vision 2036 ambitions to expand digital
services across government, financial services, telecommunications, and
critical infrastructure sectors, Cassava’s digital services aim to
strengthen national digital resilience, fostering pride and confidence
in the country’s progress.

Maximedia At 15: A Journey Of Vision, Resilience, And Impact

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Fifteen years ago, Maximedia set out to do something slightly different.
At a time when media agencies were largely focused on media data, the
ambition was to go a step further; not to ignore data, but to look
beyond it, to understand the people behind the numbers and help brands
connect with them in ways that felt real.

That thinking, led by Managing Director Femi Adefowokan, shaped the
company from the very beginning: a creative media agency grounded not
just in metrics, but in human insight.

For Ekpedeme Ufot, who was part of the founding team, that philosophy
became the company’s defining identity.

“At a time when many agencies were focused primarily on data, we
believed there had to be a stronger differentiator,” he recalls. “We
chose to go beyond the numbers to understand the people behind them;
their emotions, aspirations, motivations, and behaviour. We saw
audiences not just as statistics on a spreadsheet, but as human beings
with real stories and connections. That philosophy shaped our identity
as ‘the creative media agency.’”

Over the years, that approach has guided Maximedia’s work across
industries, helping brands not just show up, but connect deeply and
intentionally with their audiences.

But fifteen years on, the more compelling story is not only about the
work.

It is about the people.

WHERE MANY GOT THEIR START

For many professionals, Maximedia was where everything began.

“Fifteen years ago, Maximedia gave a fresh graduate a chance, and that
chance changed everything,” says Ademola Onabanjo-Daniels. “My time
there wasn’t just my first job; it was my foundation. The discipline,
the creativity, the work ethic, the relationships — everything I’ve
carried into my career journey was shaped within those walls.”

That idea of “foundation” runs through many of the stories.

People came in to learn the job. They left with something more:
discipline, confidence, relationships, and a clearer sense of direction.

“Maximedia didn’t just launch a company 15 years ago,” Ademola
adds. “It launched careers, shaped destinies, and built people who are
now making impact across industries.”

For Brendan Aiwuyo, joining the company was more than accepting a role.

“From my initial interview to meeting the leadership team, it
immediately felt like home, as though I was beginning a truly meaningful
journey,” he says. “Maximedia is more than a workplace; it is a
family, united, supportive, and grounded in mutual respect.”

Others also describe the company as a place where professional growth
happened alongside personal development.

“Working there was a truly rewarding chapter of my journey,” says
Chris Wilson. “It was a place filled with fun, amazing experiences,
and opportunities to grow both in character and knowledge.”

GROWING WITH THE COMPANY

Some people did not just pass through Maximedia, they stayed and evolved
with the business itself.

Seyi Iwayemi, one of the pioneer staff members and now Project Director,
has witnessed the company’s evolution from its earliest days.

“My career story is woven around Maximedia,” he says. “The story
of Maximedia remains incredible – with a modest start, highs and lows,
meandering through thick and thin and still standing today with its
mantra built on integrity, passion, and immersion.”

He also remembers the culture that helped sustain the company through
those years.

“Amazing teamwork, unity, and a beautiful family setting full of
love,” he adds.

That sense of togetherness is echoed by many across the organization.

“I have been part of the Maximedia team for over three years, and
honestly, it’s been a wonderful journey,” says Segun Osinibi.
“Maximedia isn’t just a workplace to me, it’s like family. The
team spirit here is something special. We back each other up, celebrate
wins together, and tackle problems as one unit.”

A CULTURE PEOPLE REMEMBER

Ask former and current staff what stood out most, and the answers are
often less about titles and more about experience.

“From the MD to every member of staff, there is a genuine culture of
dignity and belonging that makes everyone feel valued,” Brendan
recalls.

For many, that support extended beyond structure or role. Over the
years, Femi Adefowokan has served, sometimes formally, often informally
as a mentor to staff, former employees, partners, and even clients.

It is a recurring theme. People came for the work, but left with
guidance they did not expect: conversations, corrections, advice, and a
level of access that quietly shaped their thinking long after they moved
on.

Brendan remembers one relationship in particular.

“Maximedia gave me more than a career; it gave me a mother in Tope Ola
(Mama T),” he says. “From my very first day until I left, she cared
for me as her own, guiding, correcting, advising, and supporting me with
genuineness.”

For Isioma Okeleke, the culture was one of both innovation and
camaraderie.

“Collaborating with a team of highly skilled professionals, we
challenged conventional thinking and delivered solutions that
accelerated measurable growth and created long-term value for
clients,” she says. “The collaborative culture within Maximedia
fostered innovation and accountability at every level.”

But beyond the work itself, she remembers the human moments.

“It was not all work at Maximedia,” Isioma adds. “We intentionally
created moments to unwind, celebrate wins, and build genuine
connections.”

Former staff member Olatunji Oladapo describes his experience with the
company as one marked by “growth, collaboration, and valuable industry
experience,” while noting that Maximedia’s “commitment to
excellence and innovation remains truly commendable.”

HIGH STANDARDS OF WORK DELIVERY

Alongside its internal culture, Maximedia also built a reputation for
excellence and consistency in delivery.

“It is always a pleasure partnering with Maximedia,” says Mojisola
Saka, Chief Experience and Engagement Officer at Boucles Africa. “The
team is always very responsive, responsible, and receptive to feedback.
With Maximedia, our projects are optimally delivered to the letter.
Congratulations on your anniversary, and keep up the great work.”

That consistency has helped the company maintain long-term relationships
and successfully navigate an industry that has changed significantly
over the last decade and a half.

PEOPLE, CULTURE, AND PURPOSE

For Kemi Evbota, Head of Administration at SO&U, the company’s
longevity is deeply connected to its people and culture.

“Working with Maximedia Global Limited over the years as the Head of
Human Interests and Administration has been exhilarating,” she says.
“The people are well-cultured, always ready to go the extra mile in
building a lasting and continuously productive organisation. This is a
testament to these 15 amazing years.”

Her reflection reinforces a recurring theme across the Maximedia story:
beyond campaigns and business milestones, the company has remained
rooted in people, relationships, and a shared commitment to growth.

ADAPTING WITHOUT LOSING THE CORE

Fifteen years in media and marketing means constant change: new
platforms, new consumer habits, new technologies, and new expectations.

Also read: https://brandspurng.com/2026/05/17/jmg-pays-courtesy-visit-to-lagos-state-safety-commission-reinforces-commitment-to-elevator-safety-standards/

Maximedia has adapted along the way, leaning further into data,
technology, and evolving tools. Yet the original idea remains intact.

“Fifteen years ago, what we had was a vision: clear, ambitious, and
deeply intentional,” says Femi Adefowokan. “We set out to build not
just another media independent, but a creative media agency, one that
goes beyond mere data to truly understand what makes the consumer
tick.”

That ambition continues to shape the agency’s future.

“We are evolving into a more agile, innovation-led organization,
positioned to help brands achieve not just visibility, but meaningful
impact and growth,” he says.

And while technology and analytics have become more central to the
business, the company remains committed to balancing insight with
empathy.

“The future of Maximedia is one driven by data, powered by technology,
and enriched by deeper human insight,” Femi adds.

A SHARED MILESTONE

For the Managing Director, the anniversary is not a personal
achievement, but a collective one.

“This milestone is not mine alone,” Femi says. “It belongs to
every member of our team, past and present, and to our clients and
partners who trusted us.”

Inside the company, that shared ownership is visible.

“Even in the short time I’ve been here, I’ve experienced a culture
of learning, guidance, support, and dedication that clearly reflects the
foundation built over the years,” says Esther Obokon.

For many current and former team members, the milestone is proof of
resilience and consistency.

“Fifteen years of dedication, fifteen years of impact,” says Lara
Osinaga.

And for pioneer voices like Ekpedeme Ufot, the anniversary is also a
reminder of the company’s earliest culture.

“Maximedia operated like a family,” he says. “We worked together,
played together, and even travelled together. There were moments of
celebration and moments of correction. Rewards came when excellence was
achieved, and reprimands came when standards were not met, never as
something personal, but always with the shared goal of helping us
deliver better work and become better professionals.”

STILL MOVING

At 15, there is a lot for Maximedia to look back on: the campaigns, the
partnerships, the milestones, and the people whose journeys were shaped
along the way.

But there is also a strong sense that the story is still unfolding.

“Fifteen years in,” Femi Adefowokan says, “we are just getting
started.”

JMG Pays Courtesy Visit To Lagos State Safety Commission, Reinforces Commitment To Elevator Safety Standards

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JMG Limited [1], Nigeria’s leading integrated electro-mechanical
solutions company, has reaffirmed its commitment to advancing safety
standards and promoting sustainable industry practices through a
courtesy visit to the Lagos State Safety Commission.

JMG Pays Courtesy Visit To Lagos State Safety Commission, Reinforces Commitment To Elevator Safety Standards

The visit, which took place on Thursday, 14 May 2026, at the
Commission’s office in Alausa, Ikeja, Lagos, brought together key
executives from JMG Elevators [2] and officials of the Commission to
deepen conversations around safety awareness, technical training,
regulatory compliance, and the continuous improvement of elevator safety
standards across Lagos State and beyond.

JMG delegation was led by the Chief Commercial Officer, Rabi Jammal;
Group Operations Director, JMG Elevators, Ahmed Sameh; and Head of
Marketing, JMG, Oluwatomi Faniran. They were received by the Technical
Adviser to the Lagos State Safety Commission, Seun Awojobi.

Speaking during the visit, Rabi Jammal reiterated JMG’s longstanding
commitment to safety, innovation, and operational excellence across
every sector the company serves.

According to him, JMG continues to align with global best practices by
investing in quality systems, technical expertise, and strategic
partnerships that contribute to safer environments and higher industry
standards.

He added that the company remains focused on building long-term
relationships with key stakeholders while supporting initiatives that
promote awareness, professionalism, and sustainable growth within the
industry.

He emphasized that collaborations with regulatory institutions such as
the Lagos State Safety Commission are essential to strengthening
compliance and boosting public confidence within the sector.

Also read: https://brandspurng.com/2026/05/17/why-startups-are-prioritising-hr-strategies-to-drive-growth-and-workplace-stability/

In his remarks, Technical Adviser to the Commission, Seun Awojobi,
commended the initiative and highlighted the importance of stronger
collaboration between the private sector and regulatory agencies in
promoting safety consciousness, professionalism, and compliance across
the industry.

He noted that continuous stakeholder engagement would play a vital role
in improving operational standards and ensuring safer systems across the
state.

The meeting also created an opportunity for both parties to exchange
ideas on industry development, technical capacity building, safety
education, and the importance of sustained collaboration in driving
global best practices within Nigeria’s elevator and electro-mechanical
sector.

A division of JMG Ltd, JMG Elevators is one of Nigeria’s leading
elevator and lift companies, delivering reliable vertical moving systems
for commercial, residential, and industrial buildings. As an authorized
distributor of TKE, one of the world’s leading elevator and escalator
manufacturers, JMG Elevators provides end-to-end solutions covering
installation, maintenance, and modernization, all tailored to meet
international safety standards and local operating conditions.

With its growing reputation for innovation, reliability, and quality
service delivery, JMG continues to position itself as a trusted industry
leader committed to supporting safer communities and raising standards
across every sector it operates in.

JMG Limited’s [3] expertise includes power generation [4], electrical
infrastructure [5], vertical transportation [2], cooling systems [6],
and air compressors [7]. It also provides clean energy solutions [8],
offering sola [8]r and cost-effective hybrid options [4].

For more information, visit: www.jmglimited.com

Why Startups Are Prioritising HR Strategies To Drive Growth And Workplace Stability

Startups across the global business landscape are increasingly investing in stronger human resources structures as founders recognise the growing importance of workforce management, compliance, and employee retention in scaling modern businesses.

Industry analysts say many emerging companies still operate without dedicated HR support despite rising workplace complexities, growing compliance obligations, and increased competition for skilled talent in the digital economy.

Business experts note that while startups often prioritise product development, fundraising, and expansion during their early stages, weak HR systems can expose companies to operational risks, employee dissatisfaction, and long-term organisational instability.

Brandspur Brand News reports that founders are now being encouraged to establish structured HR systems early in their growth cycle to support sustainable expansion, workplace culture, and regulatory compliance.

Human resource professionals explain that effective HR departments help businesses create company policies, manage onboarding processes, improve employee engagement, handle payroll administration, and maintain workplace safety standards.

The growing adoption of HR technology platforms and Human Resource Information Systems is also transforming how startups manage recruitment, performance tracking, employee records, benefits administration, and workforce analytics.

Experts further highlighted that startups with clearly defined onboarding systems and performance management processes are often better positioned to attract and retain skilled employees in highly competitive industries.

Also read: https://brandspurng.com/2026/05/17/airtel-billionaire-sunil-mittal-expands-africa-investment-push-with-2-9-billion-stake-deal/

Business consultants say workplace culture and employee satisfaction have become major factors influencing productivity and long-term business performance, especially as younger professionals increasingly seek transparency, flexibility, and career development opportunities.

Compliance with labour regulations, workplace safety standards, and compensation policies has also become a major concern for startup founders navigating complex employment environments and remote work structures.

Industry observers added that companies investing in leadership development, employee training, and inclusive workplace strategies are more likely to build resilient organisations capable of sustaining long-term growth.

As startup ecosystems continue expanding globally, HR specialists believe businesses that integrate strong people-management systems into their operational strategy will gain a stronger competitive advantage in talent acquisition, innovation, and organisational stability.

Airtel Billionaire Sunil Mittal Expands Africa Investment Push With $2.9 Billion Stake Deal

Indian telecom billionaire Sunil Mittal is strengthening his company’s long-term commitment to Africa through a major $2.9 billion share swap deal aimed at increasing Bharti Airtel’s ownership in Airtel Africa.

The transaction is expected to significantly raise Bharti Airtel’s stake in the African telecom business as the company positions itself for deeper expansion across the continent’s rapidly growing digital economy.

Airtel Africa has continued to record strong growth across several African markets, driven by rising smartphone adoption, expanding internet access, mobile banking services, and increasing demand for digital financial solutions.

Brandspur Brand News reports that Bharti Airtel plans to increase its ownership stake in Airtel Africa to as much as 90 percent as part of a broader strategy to consolidate its influence within the African telecommunications and mobile-money sector.

The company’s leadership described Africa as one of the most important long-term investment destinations globally, citing the continent’s expanding population, improving digital infrastructure, and fast-growing mobile connectivity market.

According to details surrounding the transaction, Bharti Airtel’s board approved the issuance of millions of new shares in exchange for a significant Airtel Africa stake currently linked to an investment company associated with the Mittal family.

Also read: https://brandspurng.com/2026/05/17/why-smart-founders-are-moving-beyond-social-media-marketing-in-the-ai-era/

The deal is expected to increase Bharti Airtel’s ownership position from about 62.7 percent to nearly 79 percent once regulatory approvals and shareholder consent are completed.

Industry analysts believe the move comes ahead of Airtel Africa’s anticipated mobile-money initial public offering, which is attracting growing investor attention due to Africa’s booming fintech and digital payments ecosystem.

Airtel Africa currently operates in 14 African countries and has established itself as one of the continent’s largest telecommunications and mobile financial services providers.

Experts say the company’s aggressive expansion strategy reflects growing international investor confidence in Africa’s digital economy, especially within sectors linked to telecommunications, fintech, financial inclusion, and mobile commerce.

The latest investment consolidation is also expected to strengthen Airtel Africa’s competitive position against rival telecom operators as competition intensifies across Africa’s fast-evolving technology and communications industry.

Why Smart Founders Are Moving Beyond Social Media Marketing In The AI Era

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Business leaders and startup founders are increasingly being advised to diversify their marketing strategies as rapid advancements in artificial intelligence continue reshaping the digital advertising landscape.

Industry experts warn that relying entirely on social media platforms for customer acquisition and brand visibility exposes businesses to major risks, particularly as platform algorithms, advertising policies, and audience behaviours continue to evolve unpredictably.

With billions of users actively engaging across platforms such as LinkedIn, Instagram, YouTube, Facebook, TikTok, and Threads, social media remains one of the most powerful tools for modern business promotion and digital engagement.

Brandspur Brand News reports that marketing strategists are now encouraging founders to adopt multi-channel growth strategies capable of sustaining customer reach and revenue generation beyond social media dependency.

Analysts note that while social media platforms offer strong opportunities for organic visibility and paid advertising, businesses do not control the platforms themselves, leaving brands vulnerable to sudden algorithm changes, reduced reach, account restrictions, or shifting platform trends.

Experts further explained that each social media platform serves different audience demographics and consumer behaviours, making customised platform-specific content increasingly important for successful digital marketing campaigns.

Marketing professionals say founders who duplicate identical content across all social platforms often struggle to maximise engagement because users expect tailored messaging and content formats suited to each platform’s unique culture and audience expectations.

Industry observers also believe that artificial intelligence is accelerating changes in content discovery, online advertising, and customer engagement, forcing businesses to rethink traditional digital marketing strategies.

Also read: https://brandspurng.com/2026/05/17/rea-fcmb-and-partners-launch-188-million-renewable-energy-fund-to-expand-solar-power-in-nigeria/

Entrepreneurs are now being encouraged to combine social media marketing with email marketing, direct audience building, community engagement, search engine optimisation, strategic partnerships, and owned digital platforms to reduce long-term business risk.

Digital growth experts maintain that diversified marketing structures provide stronger resilience for businesses, allowing brands to continue attracting customers even when one platform experiences disruptions or declining visibility.

As competition for online attention intensifies globally, businesses that invest in flexible and data-driven marketing systems are expected to gain stronger long-term advantages within the rapidly evolving digital economy.

REA, FCMB And Partners Launch $188 Million Renewable Energy Fund To Expand Solar Power In Nigeria

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A new $188 million renewable energy financing initiative has been launched in Nigeria to accelerate solar power deployment and improve electricity access for households, businesses, and underserved communities across the country.

The Green Finance Investment Facility (GFiF), unveiled in Lagos, is designed to mobilise large-scale private and institutional investment into Nigeria’s distributed renewable energy sector as demand for alternative power solutions continues to rise.

The initiative is being driven through a collaboration involving the Rural Electrification Agency (REA), First City Monument Bank (FCMB), Barton Heyman Limited, UK PACT, and ARM Harith Infrastructure Investment Limited.

Brandspur Banking News Desk reports that the facility aims to finance 191 megawatts of distributed solar energy infrastructure while supporting Nigeria’s broader clean energy transition and rural electrification objectives.

Stakeholders involved in the project stated that the platform is structured to address financing gaps within the renewable energy industry by combining sovereign-backed pipelines, commercial funding, and results-based financing mechanisms to attract long-term private capital.

According to project partners, the initiative is expected to support electricity access for millions of Nigerians currently facing unreliable power supply, especially in rural and peri-urban communities where grid infrastructure remains inadequate.

Industry experts at the launch noted that renewable energy investments are increasingly becoming critical to Nigeria’s economic growth strategy as businesses and households continue to seek stable and cost-effective electricity alternatives.

Officials from the Rural Electrification Agency described access to finance as one of the biggest barriers limiting renewable energy expansion in Nigeria, adding that the new platform is expected to unlock fresh opportunities for developers and infrastructure investors.

Also read: https://brandspurng.com/2026/05/17/lagos-bans-petroleum-tankers-from-transporting-edible-oil-over-public-health-concerns/

FCMB also reaffirmed its commitment to supporting renewable energy financing in Nigeria, disclosing that the bank has already funded several mini-grid projects and continues to provide financing support for developers participating in national electrification programmes.

The facility’s long-term ambition includes mobilising up to $40 billion in financing and supporting the development of 20 gigawatts of distributed renewable energy infrastructure across Nigeria.

Development partners and industry stakeholders further stressed that stronger collaboration between financial institutions, policymakers, and private investors will be essential to scaling clean energy access and reducing Nigeria’s longstanding electricity deficit.

Lagos Bans Petroleum Tankers From Transporting Edible Oil Over Public Health Concerns

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The Lagos State Government has prohibited the use of petroleum tankers in the transportation and distribution of edible oil as part of new efforts to strengthen food safety standards and protect consumers from contamination risks.

The restriction forms part of a wider regulatory framework introduced through a Memorandum of Understanding signed between the Lagos State Consumer Protection Agency and major stakeholders within the edible oil transportation and distribution sector.

The agreement involves the Marketers and Sellers of Edible Oil Association of Nigeria, the Nigerian Association of Road Transport Owners, and the Association of Edible Oil Tanker Drivers of Nigeria under the National Union of Edible Oil Tanker Drivers.

Brandspur Brand News reports that the new policy seeks to eliminate the practice of using tankers previously deployed for transporting fuel and hazardous substances to move edible oil products intended for human consumption.

Regulators warned that residual chemical substances left inside petroleum tankers pose serious contamination and health risks when reused for food transportation without proper safety controls and certification processes.

Under the new compliance framework, only certified food-grade tankers will be approved for transporting edible oil across Lagos, while operators will also be subjected to stricter monitoring procedures, inspections, and hygiene regulations.

Also read: https://brandspurng.com/2026/05/17/standard-chartered-ghana-names-xorse-godzi-new-ceo-amid-leadership-transition/

The Lagos State Consumer Protection Agency stated that the initiative will include tanker registration systems, identification procedures, random compliance checks, laboratory testing of edible oil samples, and coordinated enforcement operations involving sector stakeholders.

Authorities also disclosed plans to intensify investigations into consumer complaints and strengthen enforcement actions under the Lagos State Consumer Protection Agency Law 2025 to ensure full compliance within the edible oil supply chain.

Industry observers say the move reflects growing regulatory attention on food quality and consumer protection following repeated concerns over unsafe edible oil products and substandard production practices within parts of the Nigerian market.

The latest action also aligns with broader efforts by regulatory agencies to improve traceability, strengthen quality assurance systems, and restore public confidence in food safety standards across Nigeria’s edible oil industry.

Standard Chartered Ghana Names Xorse Godzi New CEO Amid Leadership Transition

Standard Chartered Bank Ghana PLC has confirmed the appointment of seasoned banker Xorse Godzi as its new Chief Executive Officer and Managing Director, with the leadership change scheduled to take effect from June 11, 2026.

The appointment signals a new chapter for the financial institution as it continues to strengthen its position within Ghana’s competitive banking sector and expand its long-term growth strategy.

Godzi takes over from outgoing CEO Mansa Nettey, who is retiring after more than 25 years of service to the bank. Her tenure has been widely recognised for reinforcing the institution’s operational resilience and strengthening its corporate reputation across the Ghanaian financial market.

Brandspur Banking News Desk reports that the incoming CEO brings over two decades of banking and corporate finance experience, having held multiple senior leadership roles across Standard Chartered’s international operations.

Prior to his appointment, Godzi served as Executive Director and Head of Ghana Corporates for Standard Chartered Bank Ghana PLC, where he played a significant role in managing key business relationships and driving corporate banking growth.

His previous international assignments include serving as Director of Global Corporates in London and Head of Commodity Traders and Agribusiness for Africa in Johannesburg, positions that expanded his experience across global markets and African financial systems.

Also read: https://brandspurng.com/2026/05/17/ai-marketing-startup-nectar-social-secures-30-million-series-a-funding-led-by-menlo-ventures/

The Board of Standard Chartered Ghana described Godzi as a strategic leader with strong industry expertise, deep institutional knowledge, and a future-oriented approach capable of guiding the bank through its next phase of innovation and expansion.

Board Chairman Ebenezer Twum Asante praised the outgoing CEO for her years of dedicated service while expressing confidence that the new leadership will continue delivering sustainable growth, customer value, and long-term returns for stakeholders.

Speaking on his appointment, Godzi said he was honoured to lead the bank during a significant period in its history, especially as the institution marks 130 years of operations and impact in Ghana.

He also reaffirmed his commitment to strengthening the bank’s workforce, improving client experience, and positioning Standard Chartered Ghana for sustained success within the evolving financial services industry.