A prominent member of the All Progressives Congress (APC), Mr. Olatunbosun Oyintiloye, has expressed confidence in President Bola Tinubu’s ability to address Nigeria’s economic challenges and lead the nation to a better future. Oyintiloye, who served on the defunct APC Presidential Campaign Council, shared his views during a press conference in Osogbo. He emphasised that…
Dr. Akinwumi Adesina, the President of the African Development Bank (AfDB), has announced that the Abidjan-Lagos highway corridor has attracted an investment interest of $15.5 billion. He made this announcement during the 2023 Africa Investment Forum (AIF) Market Days in Marrakech, Morocco, which revolved around the theme “Unlocking Africa’s Value Chains.” According to Adesina, the…
The Nigerian government is shifting its priorities in the energy sector to address the distribution segment of the Nigerian Electricity Supply Industry (NESI) as part of efforts to enhance power supply to homes and businesses. With over 13,000 megawatts of installed power generation capacity and 7,100 MW of transmission capacity, the focus is now on…
The Presidential Compressed Natural Gas Initiative has officially opened a CNG conversion centre in Kaduna as part of the Nigerian government’s efforts to address the impact of subsidy removal. The centre is designed to convert conventional petrol vehicles into Compressed Natural Gas (CNG)-powered vehicles, reflecting Nigeria’s commitment to transitioning to cleaner and more affordable energy…
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over the alleged failure to investigate the disappearance of over US$15 billion in oil revenues and N200 billion budgeted for refinery repairs in Nigeria between 2020 and 2021. These allegations were reported in the 2021 Nigeria Extractive Industries Transparency Initiative…
The recent rally of the Nigerian naira in both official and parallel markets is expected to continue due to strategic measures taken by the Central Bank of Nigeria (CBN) to stabilise the local currency. Dr. Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON), stated that the CBN is increasing…
The Federal Government of Nigeria has revealed its intentions to establish a specialised police force dedicated to combating illegal mining activities across the country. The Minister of Solid Minerals Development, Mr. Dele Alake, made this announcement during an appearance on NTA Weekend File, where he discussed the government’s plans to boost the contribution of the…
The Chinese Government initiative Green Agriculture West Africa Limited has provided agricultural technical training programmes for over 400 Nigerian government officials. These initiatives aim to bolster agricultural cooperation between China and Nigeria. The company, which has invested in agriculture by establishing Green Agriculture West Africa Limited in Nigeria, focuses on producing and supplying rice seeds…
The Nigerian National Petroleum Company Limited (NNPCL) is considering importing 110,000 barrels of crude oil per day from Venezuela or Saudi Arabia to fuel the upcoming Kaduna Refinery. Furthermore, the Dangote, Bua, and other refineries may also have to import approximately 1.322 million barrels of crude oil daily due to oil production challenges, existing crude…
The Federal Government has announced its intention to open up interstate water transportation systems in response to the high cost of fares following the removal of fuel subsidies. It pointed out that 28 states in the country are navigable, making the decision to explore interstate water transportation more feasible. Bola Oyebamiji, the Chief Executive Officer…