By Seun Ibiyemi The Lagos State Government has taken a major step towards reforming its public transportation system with the signing of a Memorandum of Understanding (MoU) with key transport unions to commence the Bus Industry Transition Programme (BITP). The agreement, signed by the Lagos State Ministry of Transportation (MOT), the Lagos Metropolitan Area Transport…
By Seun Ibiyemi The Federal Government has commenced the construction of a 13.92 megawatt-peak (MWp) interconnected hybrid solar mini-grid project across five locations in Yobe State as part of efforts to expand electricity access, improve power reliability and stimulate economic activities in the state. The groundbreaking ceremony, held on Wednesday, covered project sites in Damaturu,…
By Seun Ibiyemi The Chairman of the Hospitality and Tourism Skills Council of Nigeria (HTSSCN), Mr. Nkereuwem Onung, has pledged to work closely with the Industrial Training Fund (ITF) to strengthen skills development and enhance workforce capacity in Nigeria’s hospitality and tourism industry. Onung made the commitment during the formal handover of the National Sector…
By Seun Ibiyemi The Presidency has attributed the strong financial performance recorded by many companies listed on the Nigerian Exchange (NGX) in the first half of 2026 to the economic reforms introduced by President Bola Ahmed Tinubu since assuming office in 2023. In a statement issued on Wednesday, the President’s Special Adviser on Information and…
The Osun State Government has filed a legal challenge against the Economic and Financial Crimes Commission (EFCC) over the freezing of its bank accounts, describing the agency’s action as unconstitutional and beyond its statutory powers. The state’s Attorney-General and Commissioner for Justice, Oluwole Jimi-Bada, disclosed on Wednesday that Governor Ademola Adeleke had directed him to…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has dismissed efforts by opposition politicians to form a coalition ahead of the 2027 general election, insisting that the ruling All Progressives Congress (APC) is well-positioned to benefit from the divisions within rival parties. Speaking during his monthly media chat in Abuja on Tuesday, Wike…
Former Vice President Atiku Abubakar has condemned the allocation of ₦1.08 trillion to the Federal Cooperative College, Oji River, Enugu State, in the 2026 Appropriation Act, calling for greater accountability over what he described as a questionable budgetary provision. The former presidential candidate of the African Democratic Congress (ADC) said the allocation raises serious concerns…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has attributed Nigeria’s rising foreign reserves to renewed investor confidence and sustained capital inflows, saying its ongoing economic reforms are strengthening macroeconomic stability and restoring confidence in the country’s financial system. Speaking on behalf of the CBN Governor, Olayemi Cardoso, the Acting Director of Corporate Communications…
By Seun Ibiyemi The Nigerian stock market reversed its previous session’s gains on Tuesday as investors lost N599 billion following widespread profit-taking that dragged key performance indicators into negative territory. At the close of trading, the Nigerian Exchange (NGX) market capitalisation declined by 0.38 per cent to N158.015 trillion, down from N158.614 trillion recorded at…
The Nigeria Police Force has confirmed inviting social media activist Martins Vincent Otse, popularly known as VeryDarkMan (VDM), to substantiate allegations he made against Assistant Inspector-General of Police Moshood Jimoh, while also confirming that the senior police officer has been questioned as part of an internal investigation. In a statement issued on Tuesday, the Force…
