Lagos State has established the Independent System Operator (LAISO) to oversee the state's electricity market and enhance the reliability of power supply, as part of its new Electr initiative. This move aims to improve the management of electricity distribution in the region.

Shell Plc has appointed Elohor Aiboni as Executive Vice President and Country Chair for Nigeria, effective 1 August 2026. She will succeed Marno de Jong, marking her as the first Nigerian and the first woman to hold this combined position in the company's 60-year history.

Absa Bank Kenya PLC has appointed Catherine Adeya as an Independent Non-Executive Director, effective June 25, 2026. The bank's Board of Directors announced that Dr. Adeya brings over 20 years of experience in governance, technology, and development, having worked in various sectors including academia and public institutions.

TransCentury Plc, with the assistance of receiver managers Pricewaterhouse Coopers (PwC) Limited, has reached an agreement to sell two of its subsidiaries. This decision is part of the company's strategy to address its outstanding debts to creditors. TransCentury Plc primarily invests in the infrastructure sector, which encompasses energy, transport, water, industrial, and agriculture.

Qoray Mobility & Energies Ltd, a clean energy and sustainable mobility company in Nigeria, has officially introduced its founding Executive Leadership Team. The team is led by Founder and CEO Olabanjo Alimi, with Co-Founders Akinkunmi Akingbogun serving as Vice President of Mobility and Ayo in another executive role. The company aims to drive Africa's sustainable future through its initiatives.

Nigerian Aviation Handling Company Plc (NAHCO) has announced the strengthening of its board with the appointment of a new Vice Chairman and two Non-Executive Directors, according to Punch.