By Seun Ibiyemi The Nigerian Exchange Limited (NGX) recorded a bullish performance last week, as investors gained N1.36 trillion following a 1.03 per cent rise in the All-Share Index. Market data showed that the All-Share Index advanced to 203,770.43 points from 201,698.89 recorded in the previous week, while market capitalisation increased by 1.05 per cent…
By Seun Ibiyemi The Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Christianah Mojisola Adeyeye, has stressed that robust regulatory systems and deliberate government policies are critical to building a thriving pharmaceutical sector in Nigeria. Adeyeye made the remarks during the commissioning of a new ultra-modern facility by SAM Pharmaceuticals…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has strongly criticised the World Bank over its recent recommendation that Nigeria should increase the importation of petroleum products and food to address supply-side constraints. In a statement issued on Sunday by the Chief Executive Officer of CPPE, Dr. Muda Yusuf described the…
By Seun Ibiyemi The West African Health Organisation has intensified high-level engagements with authorities in Liberia to advance maternal and child health reforms and promote sustainable health financing. During a series of meetings held from April 8 to 10, 2026, the Director-General of WAHO, Melchior Athanase J. C. Aïssi, engaged key government officials including Minister…
By Seun Ibiyemi A recent intervention by the Benue State Government to restore electricity in parts of Makurdi has reignited debate over Nigeria’s 2013 power sector privatisation, with calls for urgent reforms and stricter accountability for distribution companies. In a public statement, energy expert Nick Agule commended the state government’s efforts to restore power to…
By Seun Ibiyemi Global energy giant ExxonMobil has unveiled plans to invest billions of dollars in deepwater oil and gas projects in Nigeria, citing improvements in the country’s investment climate. The company disclosed this during a visit to the headquarters of the Nigerian Upstream Petroleum Regulatory Commission in Abuja as part of activities marking 20…
By Seun Ibiyemi The Director-General of the West African Health Organisation, Melchior Athanase J. C. Aïssi, has conducted an on-site inspection of an ECOWAS-funded health facility in Bo Waterside, underscoring its importance to regional healthcare delivery. The visit, which took place on April 8, 2026, formed part of the Director-General’s official mission to Liberia and…
Vice-President Kashim Shettima has declared that Nigeria has moved away from economic distress and is now on a path toward renewal, stability and shared prosperity. Shettima made the remarks on Thursday in Abuja at a national convening and report launch on Strengthening the Nexus Between Democracy and Economic Growth in Nigeria, organised by the Goodluck…
The Federal Government has inaugurated a Gas-to-Power monitoring committee as part of renewed efforts to address persistent gas supply challenges affecting electricity generation in Nigeria. Minister of Power, Adebayo Adelabu, described the move as a decisive step toward resolving one of the most critical constraints in the Nigerian Electricity Supply Industry (NESI). Speaking at the…
By Seun Ibiyemi Nigeria’s power generation sector recorded significant underperformance in March 2026, with only 30 per cent of installed electricity capacity available for dispatch, according to the Nigerian Electricity Regulatory Commission. Data from the commission’s March 2026 Operational Performance Factsheet showed that just 4,089 megawatts (MW) out of the total installed capacity of 13,625MW…
