Distinct Media

 The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have announced a new compliance requirement mandating prior regulatory approval for significant changes in the ownership structure of licensed telecommunications companies in Nigeria. In a joint notice issued to the public, investors, and stakeholders in the communications sector, the two agencies stated that any proposed transfer of ownership or control of shares amounting to 10 percent or more of the total share capital of an NCC licensee must obtain a Letter of No Objection from the NCC before such changes can be effected and registered by the CAC. The requirement, which takes immediate effect, also applies to a series of share transfers that, when aggregated, exceed 10 percent of the total share capital of a licensed communications company. According to the NCC and CAC, the directive is grounded in Section 90 of the Nigerian Communications Act 2003, Regulation 28(2) of the Competition Pract...

  -Investors confident of earnings outlook   Shareholders have expressed confidence in Access Holdings Plc’s long-term value creation strategy as Nigeria’s largest financial services group continues implementation of a deliberate plan to consolidate its pan-African and global investments into greater sustainable returns to investors. Speaking on the outcome of the group’s annual general meeting, shareholders, according to The Nation newspaper, said they were confident that Access Holdings has been well positioned for sustainable growth and high value-creation in the years ahead. They said the performance of the group in the past 15 months highlighted the fundamental strength of Access Holdings, which provides a strong reassurance on the current strategic shift from investments to value creation and shareholders’ return. With nearly one million shareholders, Access Holdings, according to The Nation newspaper, has one of the largest shareholders base across Africa. More than thr...

  As part of activities marking World Food Safety Day, MAGGI engaged stakeholders across its value chain through a series of immersive experiences designed to deepen understanding of the journey from ingredients to table and reinforce the collective responsibility required to uphold food quality and safety.The engagements brought together suppliers, distributors, consumers, journalists, and digital content creators, reflecting MAGGI's commitment to transparency and continuous stakeholder engagement. Through interactive sessions and firsthand experiences, participants gained valuable insights into the processes, partnerships, and standards that contribute to delivering quality products to millions of Nigerian households. During the engagements, suppliers explored MAGGI's quality requirements and manufacturing standards, while distributors were engaged on best practices in product handling, storage, and warehousing to help maintain product quality throughout the distribution chai...

  By oluwaseyi fadoro  Former Lagos State Governor and Senior Advocate of Nigeria (SAN), Babatunde Raji Fashola, will take centre stage at the 2026 Annual Law Week of the Nigerian Bar Association (NBA), Ikeja Branch, where leading voices from the legal, political and business sectors are expected to examine issues surrounding governance, leadership and economic development. Speaking at a media briefing in Lagos, Chairman of the Law Week Planning Committee, Chukwudi Kachikwu Enebeli, SAN, disclosed that Fashola will deliver the keynote address during the opening plenary session. The former governor will speak on the topic, “Law, Leadership and the Ballot: Governance Beyond Politics,” drawing from his years of experience in public administration and policy implementation. The event, themed “Altering the Status Quo: Going Against the Norm,” will hold from June 19 to June 25 at the Lagos Marriott Hotel, Ikeja, and is expected to attract legal practitioners, government officials, b...

  The Democracy and Good Governance Watch Initiative (DGGWI) has congratulated the people of Ekiti State for the peaceful and orderly conduct of the gubernatorial election held on Saturday, June 20, 2026, while commending the Independent National Electoral Commission (INEC) and security agencies for their roles in ensuring a successful exercise. In a press statement jointly signed by the organization's Executive Directors, Nelson Ekujumi, Popoola Ajayi, and Gbenga Soloki, the civil society group praised the maturity displayed by voters across the state throughout the electoral process. According to the statement, DGGWI observers deployed across the 16 local government areas of Ekiti State reported a generally peaceful atmosphere and orderly conduct by citizens at polling units. The organization urged residents to sustain the peaceful disposition until the electoral process is fully concluded with the official announcement and declaration of results by INEC in accordance with the la...

  By oluwaseyi fadoro  The Stakeholders in Nigeria's transportation sector have called on the Federal Government to fully embrace a multimodal transportation system as a strategic solution for achieving safer, more efficient, and sustainable transport across the country. The call was made on Wednesday at the Global Transport Policy (GTP) Annual Multimodal Roundtable held at Marriott Hotel, GRA Ikeja, Lagos, with the theme: "Transforming Nigeria's Transport System: Integrating Solutions for Safety, Efficiency and Sustainability." Delivering the keynote address, President and Chairman of Council, Chartered Institute of Logistics and Transport (CILT), Dr. Boboye Oyeyemi, stressed the need for Nigeria to adopt an integrated transportation framework that effectively links road, rail, air, and maritime transport systems. According to him, embracing the multimodal transport concept would significantly reduce transportation costs and address existing challenges arising from p...