The management of Port Harcourt International Airport has announced plans to relocate concessionaires and other mini-businesses from the operational areas of the domestic wing. Ngozi Onyeanwunna-Nwosu, the airport’s public relations officer, stated that the move is aimed at giving a facelift to the airport environment and enhancing serenity, security, and standards within operational areas. The…
President Bola Tinubu has taken a significant step towards reforming Nigeria’s oil and gas sector by signing executive orders aimed at removing obstacles to investments. These orders, which are part of his commitment to improving the investment climate, aim to position Nigeria as the preferred destination for oil and gas investments in Africa. According to…
The House of Representatives has taken a significant step towards ensuring a living wage for all workers in Nigeria by establishing an ad hoc committee. This decision, made during a plenary session in Abuja, follows a motion presented by 35 members highlighting the challenges faced by Nigerians due to the country’s high inflation rate. Rep….
The Nigerian Navy has taken action against illegal activities in Calabar by sealing off a tank farm suspected of storing illegally-refined diesel. Commodore Rotimi Oderemi, Commander of Nigeria Navy Ship Victory, revealed this development during a news conference in Calabar. According to Oderemi, the tank farm was identified based on intelligence reports from the military’s…
Plateau State Governor, Caleb Mutfwang, has attributed the current economic challenges facing Nigerians to the previous administration led by Muhammadu Buhari. Governor Mutfwang claimed that under Buhari’s tenure, approximately N30 trillion was printed and distributed. Speaking at the swearing-in ceremony of 22 Special Advisers and heads of government agencies in Jos, Governor Mutfwang expressed his…
President Bola Tinubu has challenged the perception of Nigeria’s economy being in distress, highlighting the country’s progress and the vast opportunities for growth and development. Speaking at the Leadership Conference and Awards 2023 in Abuja, where he was honoured as the Leadership Person of the Year 2023, Tinubu emphasized the need to seize the unprecedented…
The House of Representatives has announced plans to investigate the current state of cryptocurrency, blockchain, and digital asset transactions in Nigeria. The investigation aims to assess potential threats to national security and identify any gaps in legislative frameworks, statutes, and regulations. The decision to investigate was made following a motion by Isiaka Ibrahim (APC, Ogun)….
The International Monetary Fund (IMF) has highlighted the importance of Nigeria prioritising the full implementation of its cash transfer program to support vulnerable households before considering reevaluating costly fuel and electricity subsidies. This recommendation comes as part of the IMF’s advice following a recent visit to Nigeria. During the visit, an IMF team led by…
Dangote Refinery is set to establish an oil trading unit to help source feedstock for its 650,000 barrels per day plant on the outskirts of Lagos, according to Reuters sources. This move, which may see the unit located in London, aims to eliminate the need to hire commodity traders for crude supply and related services,…
The Federal Government plans to introduce a $100 million World Bank-funded project, the Nigeria for Women project, and the President Bola Tinubu (P-BAT) Cares for Nigerian Women project, among others, to empower women economically. This initiative was announced by the Minister of Women Affairs, Mrs Uju Kennedy-Ohanenye, during a briefing with journalists after a solidarity…