Category: Economy
NNPC, Stena Bulk, and Caverton Launch Joint Venture to Transform Africa’s Energy and Maritime Sectors
In a landmark move set to revolutionize Nigeria’s maritime and energy sectors, the Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited have announced the formation of a new joint venture. The partnership, formalized in London last week, aims to establish a world-class tanker operation to serve Nigeria and West Africa’s crude…
President Tinubu Flags Off Lagos-Ibadan-Sagamu Expressway Reconstruction
On Saturday, the 22nd of February 2025, President Bola Ahmed Tinubu officially flagged off the reconstruction of section one of the Lagos-Ibadan and Lagos-Sagamu Expressways. During the Flag-off ceremony which took place in Sagamu, Ogun state, President Tinubu stated that the reconstruction and expansion project would include features such as underpasses and pedestrian bridges at…
Anambra 2025: Prof. Obiora Okonkwo Declares Governorship Bid Under APC
United Nigeria Airlines Chairman Vows to Unseat Soludo in November Election Prominent businessman and Chairman of United Nigeria Airlines, Prof. Obiora Okonkwo, has officially declared his intention to contest the Anambra State Governorship Election scheduled for November 8, 2025. Okonkwo, who is running under the All Progressives Congress (APC), made the announcement at the inauguration…
Mission 300 Africa Energy Summit: Advancing Universal Energy Access by 2030
The Mission 300 Africa Energy Summit, held in Dar es Salaam, Tanzania, on January 27-28, 2025, convened African leaders, development partners, and private sector stakeholders to advance the ambitious goal of providing electricity access to 300 million people by 2030. This initiative, launched by the World Bank and the African Development Bank (AfDB), aims to…
President Tinubu Appoints Abba Abubakar Aliyu as Managing Director of Rural Electrification Agency
President Bola Ahmed Tinubu has appointed Abba Abubakar Aliyu as the substantive Managing Director of the Rural Electrification Agency (REA), effective January 23, 2025. Aliyu has been serving as the acting Managing Director of the REA since March 2024. Prior to this role, he was the Head of the Nigeria Electrification Project (NEP) at the…
EFCC Acknowledges Auction Irregularities, Pledges to Address Complaints
The Economic and Financial Crimes Commission (EFCC) has acknowledged technical issues during its recent online auction of forfeited vehicles and has committed to reviewing public complaints to ensure transparency and fairness in the process. Participants reported several challenges, including difficulties accessing auctioneers’ websites, being locked out after submitting bids, and concerns over unusually high bid…
Labour Union Rejects Telecom Tariff Hike, Plans Nationwide Protest
The Nigeria Labour Congress (NLC) has vehemently opposed the recent approval by the Nigerian Communications Commission (NCC) to increase telecommunications tariffs by 50%, the first such hike in over a decade. The union has branded this move as “insensitive” and “unjustifiable” in light of the ongoing economic difficulties that Nigerians are enduring. In response, the…
NNPC Begins Construction of Five Mini LNG Plants in Ajaokuta, Kogi State
The Nigerian National Petroleum Company Limited (NNPCL) has officially launched the construction of five mini Liquefied Natural Gas (LNG) plants in Ajaokuta, Kogi State, marking a significant milestone in Nigeria’s gas infrastructure development. The groundbreaking ceremony, held on January 30, 2025, signals the government’s commitment to expanding domestic gas utilization and positioning Nigeria as a…
Lagos 2027: League of Concerned Lagosians Endorses Dr. Tunji Alausa for Governorship
A key political advocacy group in Lagos, the League of Concerned Lagosians (LCL), has thrown its weight behind Dr. Tunji Alausa, the current Minister of Education, as its preferred candidate for the 2027 Lagos gubernatorial election under the All Progressives Congress (APC). In a statement titled “Alausa: Save Lagos Now,” the group emphasized Dr. Alausa’s…
Ogun State Government Pledges Support for Fish and Cocoa Farmers
Ijebu-Ife, Ogun State – The Ogun State Government has renewed its commitment to supporting the agricultural sector, following a recent visit by the Commissioner for Agriculture, Hon. Bolu Owootomo, to Mojalake Fish Farm Settlement in Ijebu-Ife. The visit, facilitated by Hon. Waliu Owode, the House of Assembly member representing Ijebu East and Chairman of the…