Category: Development
Netumbo Nandi-Ndaitwah Sworn In as Namibia’s First Female President
Netumbo Nandi-Ndaitwah has made history as Namibia’s first female president, being sworn in during the country’s 35th Independence Day ceremony at the State House. Chief Justice Peter Shivute administered the oath of office on Friday, with outgoing President Nangolo Mbumba officially handing over power. Nandi-Ndaitwah, 72, secured victory in last year’s election with 57% of…
Edo State Government Terminates 10 Road Contracts, Approves New Projects
The Edo State Government has terminated 10 road contracts as part of efforts to ensure uniformity of standards, avoid overlapping, and expedite project completion. The announcement was made by the Commissioner for Information and Communications, Paul Ohonbamu, following the State Executive Council meeting held at the Government House in Benin City. Ohonbamu explained that the…
Hon. Waliu Owode Meets with Rice Farmers Association of Nigeria (RFAN) Ijebu East Chapter to Address Farming Challenges
Ijebu East, Ogun State – March 15, 2025 – Hon. Waliu Owode, Member of the Ogun State House of Assembly representing Ijebu East Local Government, held a crucial meeting with members of the Rice Farmers Association of Nigeria (RFAN) Ijebu East Chapter on Friday, March 14, 2025. The meeting, aimed at addressing the challenges faced…
Economic Activities Expand for Second Consecutive Month, CBN Reports
The Central Bank of Nigeria (CBN) has announced that economic activities expanded for the second consecutive month, reaching 51.4 index points in February 2025, according to its Purchasing Managers’ Index (PMI) Report. The report highlights growth in the industry, services, and agriculture sectors, signaling a gradual recovery in the Nigerian economy. Sectoral Performance The CBN’s…
FG Begins Construction of 2nd Niger Bridge Bypasses, Commits to East-West Road Completion by 2026
The President Bola Tinubu-led administration has announced the release of 30% mobilisation funds for the construction of two bypasses on the 2nd Niger Bridge, linking the Asaba-Benin and Enugu-Onitsha dual carriageways. This development came as the Federal Government assured that the reconstruction of the flood-damaged East-West Road in Rivers State would be completed between December…
Oil Sector Reforms Attract $17 Billion in Foreign Investment – NNPC
The Nigerian National Petroleum Company Limited (NNPC) has announced that reforms in the oil and gas sector, driven by the Petroleum Industry Act (PIA) 2021 and Executive Orders issued by President Bola Ahmed Tinubu, attracted approximately $17 billion in foreign investment in 2024. This revelation was made by Mr. Udy Ntia, Executive Vice President of…
Nigeria, China Strengthen Economic Ties at Bilateral Business Summit
Nigeria and China have taken significant steps to enhance their economic partnership and remove trade restrictions during the unveiling of the Nigeria-China Bilateral Business, Trade, and Investment Summit 2025 in Abuja. The event, aimed at fostering collaboration and showcasing investment opportunities, brought together key stakeholders from both nations to discuss strategies for boosting trade, investment,…
Tinubu Urges Governors to Prioritize Poor and Vulnerable Nigerians Amid Hardship
President Bola Tinubu has called on state governors and other political leaders to focus their resources and policies on addressing the needs of poor and vulnerable Nigerians. The President made the appeal on Monday during an Iftar dinner at the State House in Abuja, where he hosted governors, members of the Federal Executive Council (FEC),…
Budget Minister Defends Expansionary Spending, Says It’s Key to Economic Growth
Amid growing concerns over Nigeria’s increasing budget size and deficits, the Federal Government has defended its preference for an expansionary fiscal policy, which involves running large budget deficits and accumulating debt. Senator Abubakar Bagudu, Minister of Budget and Economic Planning, explained the government’s stance during a media chat in Lagos, stating that the expansionary budgetary…
NIMC Warns Nigerians: Modify NIN Only on Official Self-Service Portal
The National Identity Management Commission (NIMC) has issued a stern warning to Nigerians, advising them to modify their National Identification Number (NIN) details exclusively through its official self-service portal. The caution, announced in a statement signed by the Head of Corporate Communications on Monday, aims to ensure the security and integrity of citizens’ data. The…