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•N520bn monthly fuel import expected to drop as Dangote begins supply June The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale of premium motor spirit as promised by the Chairman of the Dangote Group, Aliko Dangote. Dangote, while speaking at the Africa CEO Forum Annual Summit in Kigali, Rwanda on Friday, assured Nigerians that following the laid-down plans of […]
A former Senator, who represented Ebonyi Central Senatorial Zone, Emmanuel Onwe has called for the establishment of the proposed Food Intelligence Agency to support the recent Federal Government declaration of emergency in food production and security. Onwe made the call on Sunday in Enugu while briefing journalists on his Open Letter to President Bola Tinubu, titled, “Declaration of a State of Emergency on Food Security and ‘Commodification of the Naira […]
Telecommunication companies paid N2.4tn tax to the Nigerian government in 2023, despite struggling to attract investments, a digital economy report from the Groupe Special Mobile Association According to the report, the sector generated about N33tn, representing 13.5 per cent of the country’s gross domestic product. It highlighted the importance of the telecommunications sector to Nigeria’s economy, with the potential for even greater growth and development in the next 3–5 years. “The […]
While acknowledging the immense potential for hydropower development in Africa, he said it is important to also consider responsible development. He said, “We must address environmental concerns around dam construction and ecosystem disruption, alongside social impacts on local communities. This requires a commitment to sustainability, stakeholder engagement, and innovative solutions to financing these large-scale projects.” The minister previously stated that for several decades, hydropower has played a significant role in […]
The member of the House of Representatives representing Kaduna North Federal Constituency, Bello El-Rufai, has said that he was not involved in the award of contracts during the tenure of his father, Nasir El-Rufai, as the governor of Kaduna State. Bello stated this in an interview hosted by Yaya Abba, titled, ‘With Shuraim.’ The former governor served as the Minister of the Federal Capital Territory from 2003 to 2007 under […]
Members of the Nigerian Labour Congress in Plateau State and the Trade Union Congress on Monday blocked the entrance of the headquarters of Jos Electricity Distribution Company in Jos, the state capital. The Nigerian Electricity Regulatory Commission offices located at the Gold and Base axis in Jos were also picketed by the union members, leaving their workers stranded. The State Chairman of the NLC, Eugene Mangji, who led the union […]
The Federal Government has signed a Memorandum of Understanding with Nokia Solutions and Networks Nigeria to upskill young Nigerians in the latest 4G and 5G radio and transmission technologies. The partnership aims to equip Nigerians with the necessary skills to excel in the rapidly evolving telecommunications sector, according to a statement from the Nigerian Communications Commission. The MoU was signed by the Minister of Communications, Innovation, and Digital Economy, Dr […]
The Federal Government, on Tuesday, offered 12 oil blocks and five deep offshore assets for sale as it marketed the assets to global oil sector investors at the ongoing 2024 Offshore Technology Conference in Houston, United States. Speaking at the African Oil Industry Opportunities Session, a side event at the 2024 Offshore Technology Conference, the Chief Executive, Nigerian Upstream Regulatory Commission, Gbenga Komolafe, told investors at the gathering that Nigeria […]
The Federal Government on Tuesday vowed to pursue the criminal case against the crypto platform, Binance, and its officials, to a logical end. Speaking against the backdrop of a bribery allegation made by the Binance Chief Executive Officer, Richard Teng, in a blog post published by the New York Times, top officials of the President Bola Tinubu administration described as false and unfounded the accusation that some individuals demanded $150m […]
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