The Federal Government has invited the African Development Bank (AfDB) to support the design and financing of the Digital Value Chain Infrastructure for Boosting Employment (D-VIBE), also referred to as Project BRIDGE, aimed at expanding Nigeria’s digital infrastructure and stimulating job creation. According to a statement released by the AfDB on its website, the project…
The Federal Government has announced that salaries of unverified workers in the Federal Civil Service will be suspended starting March 2026, following the conclusion of the ongoing Personnel Audit and Skills Gap Analysis (PASGA) exercise. A memo obtained by our correspondent on Tuesday from the Office of the Head of the Civil Service of the…
Zenith Bank Plc has urged members of the public to disregard videos circulating online falsely linking its Group Chairman, Dr Jim Ovia, to an investment scheme called Wealth Bridge. The bank issued the advisory via its official X handle on Tuesday in Abuja, warning that the videos claim the Central Bank of Nigeria (CBN) has…
By Adeyemi David The Nigerian stock market reversed its bullish run on Tuesday, shedding N577 billion in market value to halt a 13-day rally amid widespread selloffs in bellwether stocks. Market capitalisation of listed equities declined by 0.48 per cent, dropping from N122.129 trillion to N121.552 trillion, while the Nigerian Exchange Limited All-Share Index fell…
Nigerian National Petroleum Company Limited has announced plans to increase gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026 as part of efforts to meet rising domestic demand and strengthen the country’s energy security. The company disclosed this in Abuja while hosting members of the Nigeria Guild of Editors, noting…
By Adeyemi David Chairman of the House of Representatives Ad Hoc Committee on the Review of Tax and Export Incentives, Waivers and Exemptions, James Abiodun Faleke, has disclosed that Nigeria is losing an estimated N8 trillion annually to waivers and concessions granted to organisations and individuals by the Federal Government of Nigeria. In a statement…
Former Minister of Aviation, Femi Fani-Kayode, has accused former Kaduna State governor, Nasir El-Rufai, of posing a threat to national security following recent allegations he made against the National Security Adviser, Nuhu Ribadu. Fani-Kayode’s reaction comes after El-Rufai claimed he had access to Ribadu’s private communications, alleged the importation of dangerous chemicals by the NSA’s…
By Adeyemi David The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, on Tuesday commissioned the Abdul Samad Rabiu / Nigeria Customs Service Hospital in Bauchi, a 60-bed healthcare facility donated by industrialist Abdul Samad Rabiu, founder of BUA Group and chairman of ASR Africa. Delivered through the Abdul Samad Rabiu Africa Initiative, the hospital…
The Federal Government of Nigeria has formalized a strategic partnership with the International Energy Agency (IEA) to enhance cooperation on methane emissions reduction, gas development, clean cooking access, and technical support. The Memorandum of Understanding (MoU) was signed on Tuesday at the IEA Headquarters in Paris by Rt. Hon. Ekperikpe Ekpo, Nigeria’s Minister of State…
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has presented the Ministry’s 2025 budget performance and 2026 budget proposal to the Joint Committee of the Senate and House of Representatives on Petroleum Resources. A statement issued on Tuesday by the Head, Press and Public Relations Unit, Chris Ugwuegbulam said Lokpobiri made the presentation on…
