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
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...
The United Nations Children’s Fund (UNICEF) has commended the Federal Government under the leadership of President Bola Ahmed Tinubu, following the rescue of abducted 39 pupils and 5 teachers in the Oriire Local Government Area of Oyo State. The UNICEF delegation, led by Catherine Russell, the Executive Director Mission...
President Bola Ahmed Tinubu on Thursday declared that Nigeria is open for business and ready to welcome both local and foreign investors as he officially launched the Sales Office and Experience Centre for the multi-billion-dollar Abuja City Walk development, describing the project as a major milestone under the Renewed...
Vice President, Senator Kashim Shettima, has outlined the programmes and initiatives currently being executed by the administration of President Bola Ahmed Tinubu @officialABAT to restore and strengthen the future of the Nigerian child. According to him, a generation of children unsure of their place in a changing world is...
President Bola Ahmed Tinubu has restated the commitment of his administration to guarantee the safety of domestic and international investments, declaring that Nigeria, under his leadership, is ready and open for business. This, he said, is further guaranteed by the ongoing optimization of legal, physical, and financial frameworks to...
Nigeria and Saudi Arabia have reaffirmed their commitment to deepening economic cooperation following a meeting between Nigeria’s Ambassador to the Kingdom of Saudi Arabia, Dr. Yakubu Gambo, and the Governor of the Saudi General Authority for Foreign Trade, Mohammed A. Abduljabbar. The courtesy visit focused on strategies to expand...
Anambra State Governor, Prof. Chukwuma Soludo, has commended President Bola Ahmed Tinubu for approving the design and procurement of two major highway projects in the South-East, describing the decision as a historic step towards rebuilding the region’s infrastructure. In a post shared on his official X account on Wednesday,...
President Bola Ahmed Tinubu, on Wednesday in Abuja, received commendations from Deloitte Africa for the ongoing financial and fiscal reforms in the country and was encouraged to pursue a stronger partnership that supports investments, youth training, and employment. The President, who received a delegation from Deloitte Africa, led by...
Federal Government has inaugurated a Ministerial Advisory Committee (MAC) to provide independent strategic advice aimed at strengthening Nigeria’s fiscal and macroeconomic reforms and accelerating inclusive economic growth. The committee was inaugurated in Abuja on Tuesday July 14 by the Minister of Finance and Coordinating Minister of the Economy, Mr....
The Ministry of Solid Minerals Development is celebrating record revenue but the available data suggests the money is coming predominantly from licence fees rather than from mines. The pattern, if confirmed by full-year data, would reveal a regulatory regime that may be pricing out legitimate investors, driving production underground,...
Secretary to the Government of the Federation (SGF), Senator George Akume, CON, has said Nigerians remain resolute in their determination never to relive the horrors of war, stressing that the Federal Government is deepening efforts to promote peace, religious tolerance and national cohesion across the country. Akume spoke in...
Vice President, Senator Kashim Shettima, has launched the $500 million Niger Delta Agricultural Investment Fund, describing it as a laudable development for a nation whose foundation was built on agrarian economy and whose soil paid its bills before the discovery of oil. He observed that Nigeria cannot afford to...