By Seun Ibiyemi The Federal Government has commenced the construction of a 17.7-megawatt (MW) interconnected mini-grid in Ibadan, Oyo State, targeting at least 20 hours of daily electricity supply to five communities along the Iwo Road axis. The project, developed by Paras Energy & Natural Resources Development Limited, is being implemented through the Rural Electrification…
By Seun Ibiyemi The Acting Comptroller of the Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone C, Owerri, Deputy Comptroller Farouk Nadaniya, has called for stronger cooperation among Customs commands in the zone to improve operational coordination, combat smuggling and protect government revenue. Nadaniya made the call during a familiarisation tour of key Customs…
The Independent National Electoral Commission (INEC) has ruled out fully automated voter accreditation and election result collation in the 2027 general elections, insisting that human oversight and accountability will remain central to the electoral process. INEC Chairman, Prof. Joash Amupitan, SAN, gave the assurance on Wednesday in Abuja while delivering the keynote address at the…
By Seun Ibiyemi The Corporate Affairs Commission (CAC) has warned accredited insolvency practitioners in Nigeria to complete their accreditation renewal by December 1, 2026, or risk automatic suspension and loss of eligibility to handle insolvency-related assignments. The commission also directed all accredited practitioners, including those whose certificates have not expired, to undergo fresh registration as…
By David Oluwatosin Renaissance Africa Energy Company Limited has partnered with 13 banks to provide $4.1 billion and ₦435 billion in financing to indigenous oil and gas contractors, in a move aimed at accelerating production growth and strengthening local industry capacity. The Renaissance Vendors Financing Scheme (RVFS) was unveiled at a Memorandum of Understanding (MoU)…
Africa Finance Corporation (AFC) has appointed the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, as Chairman of its Board of Directors, in a move that places Nigeria’s apex bank chief at the helm of the pan-African infrastructure financing institution. Cardoso succeeds Ireti Samuel-Ogbu, who served as the corporation’s board chair and will…
By Seun Ibiyemi The Federal Government has unveiled Project Nigeria, a portfolio of 65 bankable investment opportunities valued at $78.5 billion, as it seeks to attract domestic and international institutional investors to critical infrastructure and industrial development. The investment pipeline was presented on Wednesday at the Nigeria Investors Forum, held on the sidelines of the…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has defended the Federal Government’s fuel price relief initiative through the Nigerian National Petroleum Company Limited (NNPC), insisting that the intervention does not amount to a reversal of Nigeria’s petroleum subsidy removal policy. The organisation said the initiative was a temporary response to…
By David Oluwatosin Vice-President Kashim Shettima has criticised former Anambra State Governor Peter Obi over his economic assessments of Nigeria and his continued claim that he won the 2023 presidential election. Shettima made the remarks on Wednesday during the inauguration of the All Progressives Congress (APC) Presidential Campaign Council at the State House Banquet Hall,…
By Seun Ibiyemi President Bola Ahmed Tinubu has said he will not accompany the All Progressives Congress (APC) Presidential Campaign Council to every campaign event ahead of the 2027 general elections, citing the demands of governance, financial obligations and Nigeria’s economic responsibilities. Tinubu made this known on Wednesday during the inauguration of the APC Presidential…
