The House of Representatives Committee on Petroleum Resources (Downstream) has initiated a sweeping investigation into longstanding inefficiencies and controversial dealings within Nigeria’s downstream oil and gas sector. At the heart of the probe are questions surrounding the repeated failures of the country’s state-owned refineries, alleged monopolistic practices by the Dangote Refinery, and the […]
The Senate has lauded President Bola Ahmed Tinubu for earmarking $3 billion for the reconstruction of the long-neglected Eastern Rail Line, deeming it a pivotal move in rectifying historical infrastructure disparities and addressing regional concerns in the South-East and North-East. This commendation follows the Senate’s approval on Tuesday of the President’s $21 billion foreign […]
In a significant boost to food security and agricultural development in Lagos State, renowned banker and philanthropist Tony Elumelu has announced a landmark commitment of ₦25 billion to support the Produce for Lagos Programme, a state-led agricultural initiative aimed at strengthening the local food supply chain. The announcement was made on Wednesday, July […]
The Federal Government has sanctioned the disbursement of pensions for retired aviation personnel, culminating a wait of nearly 22 years. In a declaration disseminated by the National Orientation Agency (NOA) through its official X account on Tuesday, the Agency elucidated that the Ministry of Aviation has affirmed that disbursements will commence imminently, with an assurance […]
Former Vice Presidential candidate of the Labour Party, Dr. Yusuf Datti Baba-Ahmed, has offered a rare defence of the Minister of the Federal Capital Territory (FCT), Nyesom Wike, amid the ongoing crisis within the Peoples Democratic Party (PDP), suggesting that the former Rivers State Governor may be justified in his actions due to what he […]
Lagos State Governor, Babajide Sanwo-Olu, has launched the “Produce for Lagos” Programme alongside a ₦500 billion Offtake Guarantee Fund, declaring a new phase in the state’s effort to transform its food system and strengthen food security. Speaking at the official launch held in Lagos on Wednesday, the governor revealed that the state’s food economy, which […]
The Nigerian Naira has recorded a 4.21% appreciation against the United States Dollar over the past three months, signaling a measure of relative stability in the foreign exchange market amidst ongoing economic reforms by the Central Bank of Nigeria (CBN). According to official exchange data, the Naira traded at ₦1,602.63 to the dollar on April […]
President Bola Ahmed Tinubu has formally requested the House of Representatives to amend the Federal Government’s External Borrowing Plan for the 2025–2026 period, seeking an additional $47 million for the Lagos-Calabar Coastal Highway project. The proposed amendment will raise the project’s total cost from $700 million to $747 million. The President’s request was conveyed through […]
