The Federal Government aims to increase revenue generation from the blue economy, targeting an annual revenue of N2 trillion by 2027. This was revealed on Tuesday during a ministerial press briefing on the sectoral update of President Bola Tinubu’s administration, by Mr. Adegboyega Oyetola, the minister of marine and blue economy. According to Oyetola, the…
An inquiry has been initiated by the House of Representatives into the recent termination of 600 employees of the Central Bank of Nigeria (CBN). This decision was made following the approval of a motion on urgent public importance presented by the lawmaker representing Karu/Keffi/Kokona Federal Constituency of Nasarawa State, Mr. Jonathan Gbefwi, during the plenary…
The Nigerian automotive industry, the Federal Government is preparing to manufacture and supply items like tyres, batteries, and brake pads locally. This move is part of an initiative to increase the availability of local components in the auto part markets by 40%. During a recent ministerial sectoral briefing in Abuja to mark President Bola Tinubu’s…
Dangote Petroleum Refinery has announced plans to list its shares on both the London Stock Exchange (LSE) and the Nigerian Exchange (NGX) Limited. According to Devakumar Edwin, Executive Director of Dangote Group, the refinery will be listed on both exchanges due to the NGX’s limited capacity to handle the listing exclusively. The refinery, which has…
Nigeria has reverted to a national anthem in use pre-1978 after President Tinubu signed it into law this morning The bill reverts to Nigeria’s old national anthem at independence in 1960 “Nigeria we hail thee.” The old national anthem was abrogated by the military in 1978 and 46 years after, President Bola Tinubu signed the…
The governor of the Central Bank of Nigeria, Olayemi Cardoso, said that the apex bank has not revoked the licenses of Moniepoint, Opay, and other fintech banks operating in Nigeria. Cardoso disclosed this in a communiqué from Tuesday’s Monetary Policy Committee meeting in Abuja.He noted that CBN is not against fintechs. His reaction comes weeks…
NNPC has discovered 122 illegal oil refining in the last seven days in the Niger Delta region. According to a documentary released by the NNPCL on Tuesday, the firm said a filling station was sealed for selling illegally refined fuel to motorists in Akwa Ibom State. The report noted that 65 illegal pipeline connections were…
President Tinubu on Tuesday morning departed Lagos for Abuja where he is scheduled to inaugurate some projects executed by the Federal Capital Territory Administration (FCTA). The president, who left the Presidential Wing of the Murtala Muhammed International Airport, Lagos, at 11:25 am, was seen off by Lagos State Governor Babajide Sanwo-Olu; Chief of Staff to…
Nigerians love their football but it is no longer the main topic of conversation for many. On the first anniversary of the Bola Tinubu presidency, Abubakar Sheka, who sells bread on the streets of the northern city of Kano, says that his customers’ primary focus is now on what they can afford to buy. “Football…
Canada has announced a five-fold increase in visas for Palestinians seeking to join their family members in the country.Minister of Immigration Marc Miller said on Monday that Ottawa would raise to 5,000 the number of visas offered to residents in Gaza under a special programme announced in December. “We remain deeply concerned about the humanitarian…
