The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has banned 60,000 litres petroleum tankers from operating on Nigerian roads, effective March 1, to mitigate truck-in-transit incidents. Mr Ahmed Farouk, Authority Chief Executive, NMDPRA, announced the ban on Wednesday in Abuja, while briefing newsmen shortly after its Stakeholders Technical Committee Meeting. He added by fourth quarter of […]
Ogun State, Nigeria’s top investment destination, is set to reap huge benefits as the world’s largest protein producer, JBS of Brazil, has indicated interest in investing $2.5 billion in the livestock subsector of the economy. Controlling Shareholder of the company, Wesley Batista, said this when officials of his firm, led by the Controlling Shareholder of […]
Former Secretary General of the Arewa Consultative Forum, Mr Anthony Sani has condemned last week’s decision by the House of Representatives to step down a motion to investigate the sum of N15tn unaccounted revenue with the Federal Accounts Allocation Committee. The motion stepped down by the Green Chamber last week was sponsored by the member […]
The Minister of Works, Sen. Dave Umahi, on Sunday said that Nigeria’s North-East Geopolitical Zone had a legacy project of President Bola Tinubu administration. The minister said in Lagos that the fourth legacy project of the administration stretched from Akwanga to Jos, Bauchi, and Gombe. Umahi gave the assurance at a stakeholder engagement on the […]
Cross River State Governor, Bassey Otu, has debunked the claims of being at loggerheads with some National Assembly members, specifically, Senator Asuquo Ekpeyong representing Cross River South. The governor stated this while fielding questions from journalists in Calabar on Wednesday and disclosed that the re-election of members of the National Assembly in 2027 will be […]
Kano State Executive Council has approved the sum of ₦33,455,431,626.56 for the execution of various development projects across the state. While briefing newsmen on the outcome of the meeting on Thursday, the Commissioner of Information and Internal Affairs, Comrade Ibrahim Waiya, disclosed that the Council approved the settlement of nine-month allowances for 2,369 screened street […]
The lawmaker representing Borno South Senatorial District in the National Assembly, Ali Ndume, has said the operations of the United States Agency for International Development, in Nigeria is suspicious. The former Senate Chief Whip stated this on Wednesday during an appearance on Arise News programme, Prime Time. Ndume’s comment comes days after US Congressman Scott […]
Nigeria’s central bank CBN is expected to hold interest rates steady at 27.5% on Thursday, pausing its aggressive tightening cycle following a sharp decline in inflation, driven by a revision in data calculation methods. A Bloomberg poll of nine economists found that seven anticipate the Central Bank of Nigeria (CBN) will maintain the current rate […]
Equity markets turned negative on Thursday and gold hit a record high amid Federal Reserve concerns that US President Donald Trump’s tariffs and immigration measures could reignite inflation. The losses come despite a second-straight record close on Wall Street and follow a recent rally as traders have rolled with the president’s latest tariff salvos, betting […]
The Republic of Niger has begun enforcing restrictions on Nigerians traveling with the ECOWAS passport, barring entry for those without a valid international passport. This move follows the country’s recent withdrawal from the Economic Community of West African States alongside Mali and Burkina Faso. Despite maintaining an open border with Nigeria, new immigration measures are […]
