President Bola Ahmed Tinubu has approved a targeted fiscal incentive aimed at unlocking the long-awaited Final Investment Decision (FID) for the Bonga Southwest Aparo (BSWA) deepwater oil project, a move expected to attract about $20 billion in Foreign Direct Investment into Nigeria’s energy sector. The approval, announced by the...
investment
Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has continued his advocacy for education with a ₦30 million donation to Peter University in Achina/Onneh, Anambra State, aimed at supporting the institution’s academic growth and development. The former governor disclosed this in a statement shared after visiting...
Economic and Financial Crimes Commission (EFCC) on Monday, February 16, 2026, arraigned the Chief Executive Officer of Onome Global Market Resources Limited and Lexicon Multi-concept Media Limited, Osabohein Alex Ologbose, alongside his wife Hope Onome Oghelemu before Justice Ekerete Akpan of the Federal High Court sitting in Abuja. Other defendants...
Chief Executive of Shell Plc, Mr Wael Sawan, has praised President Bola Tinubu’s leadership for creating a healthy climate for investments to thrive and restoring investor confidence. At a meeting with President Tinubu at the Presidential Villa, Mr Sawan said Shell is deepening and expanding its investments in Nigeria,...
Elder statesman, renowned philanthropist and business magnate, Alhaji Muhammadu Indimi, has announced plans to usher in a new wave of private investment into Borno State. The pledge was made during a high-profile visit led by Governor Babagana Umara Zulum to Indimi’s residence in Maiduguri on Tuesday. The visit was...
Federal Government is set to inject $220 million into creating employment pathways for young Nigerians through a renewed commitment to the Nigeria Jubilee Fellows Programme (NJFP) 2.0, Vice-President Kashim Shettima announced on Wednesday. Speaking at the launch of NJFP 2.0 at the Presidential Villa in Abuja, Shettima said the...
Vice-President Kashim Shettima has said Nigeria is now best-positioned to lead the intra-African trade and investment revolution. He said this was because the Federal Government was removing investment bottlenecks and boosting ease of doing business. The Vice President stated this at the opening of the Pre-Investor Forum of the...
A prosecution witness 2, PW2, Fasaki Olutayo Jacob in the ongoing trial of Okewole Dayo and Bishop Katung Jonas, on Thursday, October 16, 2025, narrated before Justice Sharon T. Ishaya of the Federal High Court, Jos, Plateau State, how he was allegedly defrauded of his hard-earned savings by the...
President Bola Ahmed Tinubu has welcomed the news of Shell’s $2 billion Final Investment Decision (FID) on a new gas project in the shallow offshore HI Field, in OML 144. A statement issued by the presidential spokesman, Bayo Onanuga, said the new Non-Associated Gas (NAG) development project will deliver...
Renowned media entrepreneur Chude Jideonwo is putting real money behind African innovation. Through his Fourthmainland Fund, Jideonwo has announced a $10,000 pilot investment aimed at supporting one exceptional African creator leveraging Artificial Intelligence to shape culture, tell stories, or create groundbreaking art. “This is the first step,” said Jideonwo...
Nigerian Communications Commission (NCC) has reported that its shift to market-based pricing in the telecommunications sector has triggered over $1 billion in infrastructure investments in 2025. During a media briefing in Lagos on Friday, NCC’s Executive Vice-Chairman, Aminu Maida, revealed that the pricing policy, implemented in January and February...
By MBAFAN ADE, Abuja – The Industrial Training Fund (ITF), has dismissed media reports of alleged attempts to relocate its headquarters from Jos, the Plateau State capital. These reports stem from a Matter of Urgent Public Importance raised during a recent plenary session of the Plateau State House of...
By Amos Mathew, Kaduna Managing Director of PremiumTrust Bank, Mr Emmanuel Emefienim, has commended Governor Uba Sani for his visionary leadership and an unwavering commitment to peace, unity, and progress. Mr Emefienim, who made this known at the opening of the Kaduna Branch of the Bank which doubles as...
Nigerian stock market commenced the week on a bullish note, with investors’ gains totaling N340 billion. This upward trend follows the previous week’s five-day surge. Market capitalization jumped by 0.43% to N80.143 trillion, while the All-Share Index rose by 539.95 points to 126,689.54. Some stocks driving the market’s growth...
Nigerian stock market has recorded a significant gain of N1.077 trillion in a bullish week, driven by increased investor demand for banking stocks. The market capitalization rose by 1.37% to close at N79.803 trillion, while the All-Share Index (ASI) increased by 1,702.79 points or 1.37% to settle at 126,149.59....
By JOY ADARA, Abuja- Economic and Financial Crimes Commission (EFCC) on Monday, July 7, 2025 arraigned Awerusuo Otorudo and Chukwuebuka Ehirim before Justice Muhammed Umar of the Federal High Court sitting in Abuja. They were arraigned on a three-count amended charge bordering on obtaining by false pretence, inducement and...
Organisation of Petroleum Exporting Countries (OPEC) has warned that a staggering $17.4 trillion in global upstream investment is required by 2030 to avoid a massive oil market deficit of 23 million barrels per day (bpd). OPEC Secretary-General, Haitham Al Ghais, made this disclosure at the 24th Nigeria Oil and...
By DAVID IORJA, Abuja- President Bola Tinubu has called on the Organisation of Eastern Caribbean States (OECS) to take advantage of Nigeria’s vast market and invest in the country. President Tinubu made the call on Monday while addressing a special joint session of the Senate and House of Assembly...
By JOHN ONAH, Abuja – Kogi State Government has begun discussions with the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) to foster a strategic partnership aimed at enhancing agribusiness and attracting global investment in agriculture and food security sector in the state. This was disclosed by the...
By MBAFAN ADE, Abuja- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant progress in attracting investments in Nigeria’s upstream oil and gas sector, as showcased at the recent Nigeria-China Sustainable Bilateral Business, Trade, and Investment Summit, which held in Lagos during the week. This landmark event brought...