Business Pointer Admin

INEC clears Pantami, Gwarzo for 2027 elections, rejects Adebutu’s appeal

The Independent National Electoral Commission (INEC) has cleared former Minister of Communications and Digital Economy, Isa Ali Pantami, and Nigeria Democratic Congress (NDC) governorship candidate in Kano State, Abdulsalam Gwarzo, to contest the 2027 elections, subject to the outcome of pending court cases. However, the commission rejected a petition by the Peoples Democratic Party (PDP)…

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Nigeria needs $6bn in drilling equipment to hit 3m barrels per day — PETAN

The Petroleum Technology Association of Nigeria (PETAN) has said Nigeria needs about $6bn in drilling equipment and related infrastructure to raise crude oil production to three million barrels per day, identifying inadequate financing as a major obstacle to achieving the target. PETAN Chairman, Wole Ogunsanya, disclosed this at a media roundtable on the state of…

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NMDPRA revises gas transportation code, targets 30% lower network imbalance

By Seun Ibiyemi The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has introduced a revised gas transportation code aimed at improving pipeline access, reducing avoidable losses and strengthening the framework for domestic and cross-border gas transportation. The Authority Chief Executive, Rabiu Umar, disclosed this at the 2026 OTL Africa Downstream Energy Week in Lagos,…

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TUC rejects FG’s N70,000 wage award, demands N300,000 minimum salary

By Seun Ibiyemi The Trade Union Congress of Nigeria (TUC) has rejected the Federal Government’s proposed N70,000 wage award, demanding an immediate salary increase for workers and the implementation of outstanding agreements with health workers under the Joint Health Sector Unions (JOHESU). The congress argued that temporary wage awards were inadequate to address the rising…

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Tinubu to depart for Saudi Arabia to perform Umrah, commission NAF equipment

By David Oluwatosin President Bola Ahmed Tinubu will depart Abuja on Thursday for Makkah, Saudi Arabia, to perform Umrah, an Islamic pilgrimage involving spiritual devotion and prayers. The President’s trip will also feature the commissioning of equipment acquired by the Nigerian Air Force (NAF) before his departure from the country. According to a statement issued…

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FEC approves ₦631.3bn for nine road projects across Nigeria

By Seun Ibiyemi The Federal Executive Council (FEC) has approved approximately ₦631.3 billion for nine road infrastructure projects across Nigeria as the Federal Government intensifies efforts to improve road connectivity and transportation. The Minister of Works, David Umahi, disclosed this after Wednesday’s FEC meeting presided over by President Bola Ahmed Tinubu at the State House,…

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NRC targets 10,000km rail network in five years, eyes 20,000km expansion

By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has unveiled plans to expand Nigeria’s railway network from approximately 4,000 kilometres to 10,000 kilometres within five years, with a long-term target of 20,000 kilometres, as part of efforts to reduce logistics costs and strengthen the country’s economic competitiveness. The Managing Director of the NRC, Dr Kayode…

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250 Youths from 125 Lagos riverine communities seek government intervention

By Seun Ibiyemi The Blue Lagos Sustainability Initiative, in collaboration with the New Generation Directorate, has brought together 250 youths representing 125 riverine and coastal communities in Lagos State to discuss development challenges and seek improved access to government services. The Lagos Riverine Community Youth Leaders Dialogue, held at the Badore Ferry Terminal in Ajah,…

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Nigeria seeks stronger global maritime cooperation at IMO in South Korea

By Seun Ibiyemi Nigeria has called for stronger international collaboration in the maritime sector to promote safer shipping, improve operational efficiency and accelerate the adoption of environmentally sustainable practices. The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, made the call while representing the Minister of Marine and Blue Economy,…

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