Former Managing Director of the National Inland Waterways Authority (NIWA), Mr. Bola Oyebamiji, has disclosed that the Federal Government approved about ₦14.6 billion for the procurement of modern boats and ferries to strengthen safety, trade and passenger transportation across Nigeria’s inland waterways. Oyebamiji made this known in Osun State on Thursday while receiving a delegation…
The Nigerian Ports Authority (NPA) has confirmed its participation in the Investopia Global Lagos event scheduled to hold on Monday, February 2, 2026, at the Eko Convention Centre, Lagos City Business News reports that the landmark UAE–Nigeria co-hosted event brings together top government officials, global investors, and industry leaders to strengthen bilateral relations and drive…
Experts, power sector operators and electricity Distribution Companies (DisCos) have expressed divergent views on the Federal Government’s directive mandating the rollout of free prepaid meters to electricity consumers nationwide. They said this with reacting to the directive in an interview with newsmen on Sunday in Lagos. Reports that the Minister of Power, Mr Adebayo Adelabu,…
The Benue State Police Command has confirmed the arrest of two serving police sergeants in connection with a suspected armed robbery operation, leading to the recovery of a stolen vehicle and weapons. Police sources disclosed that operatives of the command’s surveillance patrol team acted on credible intelligence to intercept a red Toyota Corolla (2010 model)…
Award-winning filmmaker, Kunle Afolayan, has revealed that there has been a tense phone call with actress and producer Funke Akindele. The conversation came after controversy over Afolayan’s remarks on film promotion strategies in Nollywood. In an interview with Arise News on Sunday, Afolayan said Akindele called him personally after his comments, which seemed to suggest…
Afrobeat legend Fela Anikulapo-Kuti has etched his name into history as the first African musician to be conferred with a Lifetime Achievement Award by the Recording Academy. The honour was bestowed posthumously at the 2026 Special Merit Awards in Los Angeles on Saturday, January 31, a day before the main Grammy Awards ceremony. His children…
For more than four decades, the Ajaokuta Steel Company Limited has remained Nigeria’s most enduring symbol of policy failure, wasteful spending, and misplaced national priorities. Conceived in the late 1970s as the bedrock of Nigeria’s industrialisation, the steel complex has instead become a recurring drain on public finances, surviving not on productivity but on annual…
Kuda Microfinance Bank has said that it would blend its digital-first operations with physical touchpoints across the country under its newly issued national licence.This was disclosed in a statement issued by the company on Friday. The Central Bank of Nigeria recently upgraded Kuda Microfinance Bank’s licence to a national one, which means that it can…
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over its alleged failure to account for N22.3bn, $49.7m, £14.3m and €5.2m in oil revenue. This was disclosed in a statement issued by SERAP Deputy Director, Kolawole Oluwadare, on Sunday. The action follows allegations contained in the 2022…
The Centre for the Promotion of Private Enterprise (CPPE) has called on the Federal Government to urgently establish a rules-based farm price stabilisation and farmer income protection framework to ensure sustainable food security and economic stability in Nigeria. In a policy brief released on February 1, 2026, Chief Executive Officer of CPPE, Dr. Muda Yusuf…
