NCDMB backs APPO, Africa Energy Bank to drive Africa’s Oil and Gas growth

By Adeyemi David The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its strong support for the African Petroleum Producers Organisation (APPO) and the newly established Africa Energy Bank (AEB), emphasizing their critical role in advancing Africa’s oil and gas industry. The commitment was made on Thursday by NCDMB Executive Secretary, Engr. Felix Omatsola…

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Amid PDP leadership crisis, INEC meets party leaders ahead of FCT polls

Officials of the Independent National Electoral Commission (INEC) on Thursday held a consultative meeting with political party leaders in Abuja as preparations intensify for the February 21 Federal Capital Territory (FCT) area council elections. The meeting, chaired by INEC Chairman, Prof. Mahmood Yakubu, was attended by representatives of several political parties, including a faction of…

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Power outages persist as 58% of hydro projects stay frozen

Nigeria’s electricity crisis has deepened as about 58 per cent of publicly funded dam projects intended to support power generation remain stalled or abandoned, despite hundreds of millions of naira already disbursed. Hydropower currently accounts for roughly 30.1 per cent of Nigeria’s electricity supply, making it the country’s second-largest energy source after thermal generation, yet…

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NRS urges shift from raw material exports to innovation-driven growth

The Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, has called for a paradigm shift from reliance on raw material exports to innovation-driven economic growth, describing it as critical to achieving sustainable development and national prosperity. Adedeji made the call while delivering the maiden Distinguished Personality Lecture of the Faculty of Administration at…

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Freight forwarders raises alarm over alleged corruption at Nigeria’s ports, borders

The National Association of Government Approved Freight Forwarders (NAGAFF) has raised concerns over alleged high-level corruption at Nigeria’s ports and border stations, warning that the trend threatens national security and economic growth. The association’s National Publicity Secretary, Dr Clement Iwegbuna, made the assertion in a statement issued on Thursday in Lagos. Iwegbuna alleged that Nigeria-bound…

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NCC warns of unauthorized data monetization, inks MOU with NDPC

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has issued a stern warning to Nigerians regarding the hidden costs of digital platforms, noting that without adequate awareness, citizens’ personal data risks being monetized by global entities without their consent or benefit. Speaking at the official signing of a Memorandum of…

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Nigeria saved N6trn from fuel import losses – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the strategic implementation of downstream deregulation and foreign exchange reforms resulted in over N6 trillion in savings from fuel import losses during the first nine months of 2025. This disclosure was made by the Chief Executive of the NMDPRA, Mr. Saidu Mohammed, during…

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