Nigeria Government has launched a ₦729 billion Series 2 Power Sector Bond as part of efforts to settle outstanding debts in the electricity sector and improve power supply across the country. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced the initiative at an Investor...
Nigeria
Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, on Wednesday disclosed that he held talks with the Swiss Ambassador to Nigeria, Mr. Patrick Egloff, on strengthening cooperation in key sectors critical to Nigeria’s development. Obi made this known in a post shared on his official X handle, where he...
The recent decision by the Monetary Policy Committee (MPC) to retain the Monetary Policy Rate (MPR) at 26.5% comes at a pivotal time for Nigeria’s economy. As the nation navigates the complex interplay of domestic resilience and global uncertainties, the choice to retain the MPR reflects a careful balancing...
House of Representatives has called for a detailed investigation into the deaths, losses and abandoned properties of Nigerians affected by recent xenophobic attacks in South Africa. Lawmakers also urged the Federal Government to strengthen diplomatic efforts and legal action to protect Nigerians living in South Africa and seek compensation...
Federal Government has received the final report of the National Technical Working Group on the World Bank-supported $500 million Sustainable Agricultural Value Chains for Growth Programme (AGROW), marking the conclusion of the programme’s design phase and its transition to implementation. This is just as the Vice President, Senator Kashim...
A tragic boat accident has thrown Ringim Local Government Area of Jigawa State into mourning after a passenger boat carrying about 40 people capsized on the Malamawa River, leaving six people dead, 25 others missing and nine rescued. The incident, which occurred on Sunday afternoon, happened while the boat...
Nigeria Government has dismissed claims that the administration of President Bola Tinubu borrowed about ₦80 trillion within three years, insisting that the figures being circulated are misleading and largely driven by accounting adjustments rather than fresh loans. The clarification was made on Tuesday by the Minister of Finance and...
President Bola Ahmed Tinubu has announced 26 new appointments into 10 Federal Government agencies and commissions, with former governor of Ekiti State, Ayo Fayose, emerging as chairman of the Rural Electrification Agency (REA), and Major General Junaid Bindawa as chairman of the National Salary and Wages Commission. This is...
Nigerian College of Aviation Technology (NCAT), Zaria, has upgraded key facilities, expanded its training capacity and secured major international accreditations despite facing persistent funding challenges, according to its Rector, Dr. Danjuma Adamu Ismaila. Speaking during a media briefing in Zaria, Dr. Ismaila said the institution inherited ageing infrastructure but...
The Federal Government has stepped up the implementation of President Bola Tinubu’s Renewed Hope Agenda for Education with the commissioning of a renovated digital e-library at the Federal Government College, FGC, Kano, while reaffirming plans to expand bilingual schools and proceed with the proposed land swap initiative at the...
Image Merchants Promotion Limited (IMPR) Managing Director, Yushau A. Shuaib, has announced the forthcoming release of his memoir, Mni vs. Mnipr in NIPSS: Tackling Institutional Bullying, a 205‑page account detailing his controversial experience at the National Institute for Policy and Strategic Studies (NIPSS), Kuru. The announcement came during IMPR’s mid‑year press briefing,...
Pan-African electric mobility company, Spiro, has secured a total of $270 million in fresh funding from a consortium of European, African and Chinese investors to accelerate the expansion of its electric vehicle and battery-swapping infrastructure across Africa. The company announced that it initially raised $215 million from institutional investors,...
Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has marked his 65th birthday by donating ₦10 million to St. Raphael’s Hospital in Umueri, Anambra State, while urging Nigerians to embrace lives of service and compassion rather than extravagant celebrations. Obi disclosed this in a lengthy message shared on his...
Vice President Kashim Shettima and other West African leaders have arrived the Julius Maada Bio International Conference Centre in Lungi, Sierra Leone, for the 69th Ordinary Session of the Authority of Heads of State and Government of ECOWAS. The Vice President is representing President Bola Ahmed Tinubu, GCFR, at...
Bank of Industry (BoI) has successfully secured €60 million in funding from the European Investment Bank (EIB) aimed at expanding Nigeria’s cocoa processing and dairy sectors. This initiative aligns with the Nigerian government’s strategic efforts to reduce reliance on exporting raw agricultural products and instead promote local value addition....
Mrs. Zubaida Umar, Director General of the National Emergency Management Agency (NEMA), has called on residents of flood-prone communities across Nigeria to take immediate precautionary measures, heed official warning alerts and relocate to safer locations as heavy rainfall continues to heighten the risk of flooding nationwide. She said the...
Federal Government has dismissed reports suggesting it plans to prohibit the export of raw cocoa beans, clarifying that its priority is to promote value addition and strengthen Nigeria’s cocoa industry rather than impose an export ban. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, made the clarification...
Federal Government, in partnership with the Borno State Government, has launched a nationwide campaign to plant four million trees while distributing 5,000 clean cooking gas cylinders and stoves to households in Borno as part of efforts to tackle climate change and reduce deforestation. The initiative was flagged off in...
President Bola Ahmed Tinubu, has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, to harmonise the regulation of virtual assets, strengthen cooperation among the nation’s financial, revenue and capital markets agencies, protect citizens from fraud, and safeguard the integrity of the financial system while enabling responsible innovation....
Nigerian Electricity Regulatory Commission (NERC) has concluded a training programme for journalists. In a statement, the Commission said the workshop was designed to improve journalists’ understanding of regulatory activities and strengthen the quality of reporting on the electricity sector. The three-day capacity-building workshop organised for energy correspondents and media...