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NAIRA APPRECIATES IN OFFICIAL MARKET, TRADING AT N1,630.45 TO THE DOLLAR

< 1 mn read On Tuesday, the Naira appreciated in the official market, closing at N1,630.45 to the dollar, reflecting a 2.40% gain from Monday’s rate of N1,670.65. Data from the FMDQ official trading platform highlighted this improvement in Nigeria’s currency performance. Additionally, the daily turnover rose significantly, reaching $242.59 million on Tuesday, compared to the $81.17 million recorded […]

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BOEING INVITES NIGERIAN AVIATION MINISTER TO AIRLINE ECONOMICS CONFERENCE FOR AIRCRAFT LEASING SUPPORT

< 1 mn read Barely two months after Nigeria’s Federal Government signed an MoU with Boeing, the aircraft manufacturer has invited Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, to Dublin, Ireland, for the Airline Economics Conference on January 12, 2025. The conference aims to assist Nigeria’s domestic operators with aircraft leasing solutions. Recently, Nigeria’s global aviation rating […]

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SETTING AND PRIORITIZING YOUR FINANCIAL GOALS FOR STABILITY AND SUCCESS

2 mn read Setting and prioritizing financial goals is key to achieving long-term stability and peace of mind. Whether you’re saving for retirement, reducing debt, or building an emergency fund, clear financial goals help you stay focused. Here’s a guide to help you set, organize, and prioritize your financial objectives for the year. 1. Assess Your Current Financial […]

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PRESIDENT TINUBU URGES IMPLEMENTATION OF NAIRA-BASED SALES FOR CRUDE OIL AND REFINED PRODUCTS

< 1 mn read President Bola Tinubu on Tuesday praised the efforts of the Implementation Committee on Naira-based sales for crude oil and refined products and encouraged swift solutions to any initial challenges. In a review meeting held at the State House in Abuja, he emphasized that the decision to conduct oil transactions in Naira was intended to bypass […]

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FEDERAL GOVERNMENT INITIATES CNG CONVERSION FOR 800 AIRPORT TAXIS TO REDUCE TRANSPORT COSTS BY 30%

< 1 mn read As part of the Federal Government’s efforts to reduce transportation costs, the Presidential Compressed Natural Gas Initiative (PCNGI) has signed an agreement with Airport Taxi Operators at Nnamdi Azikiwe International Airport in Abuja to convert 800 taxis to Compressed Natural Gas (CNG) fuel. This initiative is expected to lower airport taxi fares by about 30%. […]

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FEDERAL GOVERNMENT TO RESTORE ELECTRICITY TO NORTHERN NIGERIA WITHIN 72 HOURS

< 1 mn read The Federal Government has announced plans to restore electricity to Northern Nigeria within the next 72 hours. During a session with the Senate Committee on Power, chaired by Senator Enyinnaya Abaribe (APGA, Abia South), Minister of Power Adebayo Adelabu addressed the power outage affecting the northern region and the recurring grid collapses across the country. […]

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Minister of Interior Signs Performance Contracts with Agency Heads to Boost Service Delivery

< 1 mn read Dr. Olubunmi Tunji-Ojo, Nigeria’s Minister of Interior, along with the Permanent Secretary, Dr. Magdalene Ajani, has signed performance contracts with agency heads within the Ministry to enhance service delivery and accountability. The contracts include specific, measurable timelines to ensure that Nigerians experience improved services and security. At the signing ceremony during a retreat in Abuja […]

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Governor Sanwo-Olu Denies Lawsuit Against EFCC Over Alleged Post-Tenure Arrest Plan

< 1 mn read Lagos State Governor Babajide Sanwo-Olu has denied media reports claiming he filed a lawsuit against the Economic and Financial Crimes Commission (EFCC) to block any alleged plans to arrest or prosecute him after his tenure. In a statement issued by the Attorney General and Commissioner for Justice, Lawal Pedro, on Tuesday, the governor clarified he […]

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ACF CALLS FOR STATE OF EMERGENCY OVER POWER OUTAGES IN NORTHERN NIGERIA

2 mn read The Arewa Consultative Forum (ACF) has urgently called for a State of Emergency regarding the ongoing power outages plaguing northern Nigeria. Over the past week, the region has faced severe electricity supply disruptions, causing near-total paralysis of economic and social activities. Prof. Tukur Muhammad-Baba, the National Publicity Secretary of the ACF, expressed concern about the […]

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NMDPRA BOOSTS DOMESTIC REFINING CAPACITY WITH NEW LICENSES AND STRATEGIC INITIATIVES

2 mn read The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued nine Licenses to Establish (LTEs), seven Licenses to Construct (LTCs), and four Licenses to Operate (LTOs) for modular refineries, signaling a significant move towards enhancing the country’s domestic refining capabilities. During his keynote address at the 18th OTL Africa Downstream Energy Week in Lagos, […]

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NEW ZEALAND GOVERNMENT FAST-TRACKS OVERSEAS DOCTORS’ REGISTRATION TO ADDRESS DOCTOR SHORTAGE

< 1 mn read The New Zealand government is taking steps to expedite the registration process for overseas doctors as part of its strategy to combat a long-term shortage of medical professionals. Health Minister Shane Reti announced on Tuesday that while the focus remains on developing a home-grown health workforce, internationally qualified specialists are essential in delivering quality healthcare […]

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CAF SCHEDULES NIGERIA’S FINAL AFCON QUALIFYING MATCH AGAINST RWANDA FOR NOVEMBER 18

< 1 mn read The Confederation of African Football (CAF) has announced that Nigeria’s final qualifying match for the 2025 Africa Cup of Nations (AFCON) will take place on November 18 against Rwanda. The match is set to be held at the Godswill Akpabio Stadium in Uyo. Ademola Olajire, the Director of Communications at the Nigeria Football Federation (NFF), […]

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OGUN STATE GOVERNMENT SHUTS DOWN OBADA GRAMMAR SCHOOL AFTER STUDENT’S DEATH

< 1 mn read The Ogun State government has taken decisive action by shutting down Obada Grammar School in Obada, Idi-emi, following the tragic death of Master Monday Arijo, an SS2 student. The closure comes in the wake of the arrest and suspension of the teacher allegedly responsible for the student’s death due to corporal punishment. Mrs. Tamrat Onaolapo, […]

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NMDPRA REPORTS NIGERIA’S DAILY PETROL CONSUMPTION RANGES FROM 45 TO 50 MILLION LITRES

< 1 mn read The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that the country’s daily petrol consumption currently fluctuates between 45 million and 50 million litres. This disclosure was made by NMDPRA’s Chief Executive Officer, Mr. Farouk Ahmed, during the ongoing 18th Africa Downstream Energy Week in Lagos. The 2024 OTL Africa Downstream Energy Week […]

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KIDNAPPERS DEMAND N200 MILLION RANSOM FOR ABDUCTED RECTO OF IMMACULATE CONCEPTION MINOR SEMINARY IN EDO STATE

2 mn read The abductors of Rev. Fr. Thomas Oyode, the Rector of the Immaculate Conception Minor Seminary of the Catholic Diocese of Auchi in Ivhianokpodi, Etsako East Local Government Area of Edo State, are reportedly demanding a ransom of N200 million for his release. Oyode was kidnapped on Sunday while attending evening mass. Rev. Fr. Peter Egielewa, […]

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POLICE DETAIN 17-YEAR-OLD STUDENT FOR FAKING ABDUCTION AND DEATH IN IMO STATE

< 1 mn read The Police Command in Imo State has detained 17-year-old Jesse Chidebere, a student at Imo State University (IMSU), for faking her own abduction and death. This incident has caused considerable distress to her family and the university community. According to ASP Henry Okoye, the Police Public Relations Officer in Imo, the situation began on October […]

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FORMER NIGER DELTA MILITANT LEADER ASARI DOKUBO ACCUSES PRESIDENT TINUBU OF SUPPORTING NYESOM WIKE TO DESTABILIZE RIVERS STATE

< 1 mn read Former Niger Delta militant leader Asari Dokubo has publicly accused President Bola Tinubu of backing former Rivers State Governor Nyesom Wike in efforts to destabilize the current Rivers State government led by Governor Fubara. This claim reflects ongoing tensions in the state, particularly a rift between Wike and Fubara that has intensified since Fubara assumed […]

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Ghana’s National Petroleum Authority Proposes Importing Refined Petroleum from Dangote Refinery

2 mn read The National Petroleum Authority of Ghana (NPAG) is proposing to import refined petroleum products from Dangote Refinery as part of its strategy to enhance energy security and strengthen regional economic cooperation. Dr. Mustapha Abdul-Hamid, the Chief Executive Officer of NPAG, announced this initiative during the 2024 OTL Africa Downstream Energy Week in Lagos. Key Highlights […]

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Abia State House of Assembly Responds to NLC Allegations

< 1 mn read The Abia State House of Assembly has challenged the Abia chapter of the Nigeria Labour Union (NLC) to provide evidence for its claims that the state government intends to seize 90% of local government allocations, leaving councils with only 10%. This statement came during a media briefing in Umuahia following a meeting between Assembly members […]

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