The Federal Government has issued a seven-day flood advisory for 17 states across the country, warning residents and emergency agencies to brace for possible flooding between July 21 and July 27 following rising water levels in major rivers. The Nigeria Hydrological Services Agency (NIHSA) said the alert was triggered by increased water levels recorded at…
The Secretary to the Government of the Federation (SGF), Senator George Akume, has defended the reform agenda of President Bola Tinubu, saying the administration’s policies are designed to secure Nigeria’s long-term economic stability and sustainable development despite the short-term hardships they may impose. Akume, represented by his Senior Assistant (Technical), Prof. Babatunde Bolaji Benard, stated…
…Moves to raise N729bn in fresh power sector bond By Seun Ibiyemi The Federal Government on Tuesday disclosed that it has paid N333bn to eight electricity generation companies under the first phase of its power sector debt settlement programme, as it prepares to raise an additional N729bn to address outstanding liabilities and boost liquidity in…
…Says Tinubu committed to rural electrification By Seun Ibiyemi The Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, has lauded the appointment of former Ekiti State Governor, Ayodele Fayose, as chairman of the agency’s governing board, describing the move as a demonstration of President Bola Tinubu’s commitment to expanding electricity access across…
The House of Representatives on Tuesday escalated its investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC), issuing a 48-hour ultimatum to ministries, departments and agencies accused of frustrating the probe into the organisation’s legal status and operations. The lawmakers warned that defaulting agencies risk sanctions if they fail to appear before the ad…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced 31 companies as winners of 37 oil and gas blocks in the 2025 Licensing Round, following a competitive bidding process that attracted 200 bids from 143 companies. The successful bidders emerged at the commercial bid conference held on Tuesday at the Transcorp Event…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Safety Investigation Bureau (NSIB) have pledged to strengthen institutional collaboration aimed at enhancing maritime safety, security and marine casualty investigations in the country. The commitment was made during a courtesy visit by the Director General and Chief Executive Officer of the…
By Seun Ibiyemi SIFAX Group has challenged young Nigerians to equip themselves with the skills, innovation and leadership capacity required to drive the country’s maritime transformation, stressing that Nigeria’s ambition to emerge as Africa’s blue economy powerhouse depends largely on the development of a new generation of professionals. The charge was delivered on behalf of…
By Seun Ibiyemi The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 per cent for the second consecutive meeting, citing renewed geopolitical tensions in the Middle East and lingering inflationary pressures. The decision was announced by the…
The vice-presidential candidate of the Nigeria Democratic Congress (NDC), Dr Rabiu Kwankwaso, has disclosed that the party’s presidential candidate, Peter Obi, signed a written agreement committing to serve only a single four-year term if elected president in 2027. Kwankwaso made the revelation during an interview on Channels Television on Monday, stating that the arrangement was…
