Category: Economy
Tincan Customs Records Significant Operational Breakthrough In Anti-Drug WarHands Over 4.7 Tonnes Of Cannabis To NDLEA
Lagos, Nigeria — May 7, 2026 The Nigeria Customs Service (NCS), Tincan Island Port Command, has recorded a major breakthrough in the fight against illicit drug trafficking with the interception of 4,729 kilograms of banned substances valued at over ₦18.9 billion. The seizure was made in a joint operation involving officers of the Command and…
Tinubu Meets Global Investors, Reaffirms Economic Reforms in Paris
Paris, France, May 6, 2026 President Bola Ahmed Tinubu has engaged with global investors in Paris, reaffirming his administration’s commitment to economic reforms anchored on transparency and fiscal discipline. At the meeting, the President outlined the rationale behind the swift implementation of key policy measures, emphasizing the need to stabilise the economy, attract investment, and…
Nigerian Correctional Service destroys contraband, reinforces prison discipline
Abuja, Nigeria — May 5, 2026 The Nigerian Correctional Service has intensified efforts to enforce discipline and enhance security across custodial centres nationwide with the destruction of seized contraband items. The Service confirmed that items destroyed include mobile phones, laptops, and hard drugs recovered during routine searches conducted in correctional facilities. According to officials, the…
NNPC Signs Mou With Chinese Firms To Support Port Harcourt, Warri Refineries
Abuja, Nigeria — May 4, 2026 The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with two Chinese firms, Sanjiang Chemical Company Limited and Xinganchen Fuzhou Industrial Park Operation and Management Co Ltd. The agreement is aimed at fostering collaboration through a potential Technical Equity Partnership to support the…
Pantami rejects Gombe APC consensus arrangement, cites lack of inclusivity
Gombe, Nigeria — May 4, 2026 Former Minister of Communications and Digital Economy, Isa Ali Pantami, has rejected the consensus arrangement adopted by the All Progressives Congress (APC) for elective positions in Gombe State. Pantami, who is a governorship aspirant, described the arrangement as a “coronation” that lacks inclusivity and violates established legal and democratic…
NNPC, Chinese firms sign MoU towards restart, expansion of Warri, Port Harcourt refineries
Abuja, Nigeria — May 4, 2026 The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with two Chinese firms, Sanjiang Chemical Company Limited and Xinganchen Fuzhou Industrial Park Operation and Management Co Ltd, to support the restart and expansion of Nigeria’s key refineries. The agreement is aimed at fostering…
President Of The Senate Commends Resilience Of Nigerian Workers
Abuja, Nigeria — May 1, 2026 President of the Senate, Godswill Akpabio, has congratulated Nigerian workers on the occasion of International Workers’ Day 2026, commending their resilience, hard work, and patriotism in the face of economic challenges. In his May Day message, Akpabio described workers as the true heroes of Nigeria’s democracy and the driving…
Customs Drives Compliance, Sensitises Stakeholders On B’odogwu Digital System
Abuja, Nigeria — April 30, 2026 The Federal Capital Territory (FCT) Area Command of the Nigeria Customs Service (NCS) has intensified efforts to strengthen compliance and improve operational efficiency through a sensitisation programme on the B’Odogwu digital system. The engagement, held on Tuesday, April 28, 2026, at the Command’s Conference Hall in Abuja, brought together…
Senate Approves $516.3m Loan Request for Sokoto–Badagry Superhighway
Abuja, Nigeria, Wednesday, April 29, 2026 The Senate has approved President Bola Ahmed Tinubu’s request for a $516.3 million loan to support the execution of the Sokoto–Badagry Superhighway project. Lawmakers clarified that the loan, sourced from Deutsche Bank AG, is intended to serve as a financial lifeline to prevent delays in the implementation of the…
EFCC Re-Arraigns Lawyer Over Alleged ₦15.7m Land Fraud in Enugu
Enugu, Nigeria,Tuesday, April 29, 2026 The Enugu Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has re-arraigned a legal practitioner, Barrister Benjamin Chukwuemeka Nwobodo, before the Federal High Court sitting in Independence Layout, Enugu, over alleged land fraud involving ₦15.7 million. The defendant is facing a 20-count charge bordering on forgery, possession of…