By David Oluwatosin A United States-based lobbying and advisory firm working for former Vice-President Atiku Abubakar has announced plans to file a $36 million federal lawsuit against President Bola Tinubu and Femi Fani-Kayode in the United States. Von Batten-Montague-York, L.C. said it had been cleared and authorised to proceed with the proposed action, which it…
The Securities and Exchange Commission (SEC) will on October 19, 2026, convene key stakeholders in Nigeria’s capital market for its National Capital Market Conference, where the Nigerian Capital Market Master Plan 2.0 (NCMMP 2.0) and the National Savings Scheme will be unveiled. The conference, scheduled to hold at the Banquet Hall of the Presidential Villa,…
By Seun Ibiyemi The Rural Electrification Agency (REA) has opened its operations to a comprehensive system study and review by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), as part of efforts to strengthen accountability, transparency and institutional effectiveness. The review followed an initiative by the REA to invite the anti-corruption commission to…
…Project targets 300m standard cubic feet of gas daily By Seun Ibiyemi Nigeria has moved to unlock a gas resource discovered more than five decades ago as the $800 million Ima Gas Project reached Final Investment Decision (FID), in a development the Federal Government says could strengthen gas supply, industrial production and investment in the…
By Seun Ibiyemi Nigeria’s improved maritime security has received fresh international recognition following the decision by the United States Coast Guard (USCG) to lift the 12-year Condition of Entry (COE) imposed on vessels originating from Nigerian ports. International shipping companies operating in Nigeria described the decision as evidence of significant progress in the country’s maritime…
By Seun Ibiyemi The Manufacturers Association of Nigeria (MAN) has called for further monetary policy easing and cheaper credit to manufacturers, saying the Central Bank of Nigeria’s (CBN) 350-basis-point reduction in the Monetary Policy Rate (MPR) is only an initial step towards reviving industrial growth. MAN welcomed the decision of the Monetary Policy Committee (MPC)…
By Seun Ibiyemi Nigeria’s electricity sector recorded a total available generation of 5,403.3 megawatts (MW) on Tuesday, with 4,379.07MW successfully delivered to electricity distribution companies (DisCos) across the country. The figures were contained in the Daily Load Allocation Table released by the National Control Centre (NCC). The allocation data showed that Abuja Electricity Distribution Company…
The Nigeria Sovereign Investment Authority (NSIA) has taken a major step towards expanding private investment in Nigeria’s distributed renewable energy sector with the commercial launch of a $300 million investment fund. The Nigeria Distributed Renewable Energy Fund, co-managed by NSIA and Africa50, is designed to channel capital into mini-grids, standalone solar systems and other distributed…
By David Oluwatosin Oyo State Governor and Allied Peoples Movement (APM) presidential candidate, Seyi Makinde, has rejected claims by the Minister of the Federal Capital Territory (FCT), Nyesom Wike, that President Bola Tinubu provided N50 billion for the upgrade of the Ibadan Airport. Makinde described the claim as false, insisting that the ongoing upgrade of…
Federal Capital Territory (FCT) Minister, Nyesom Wike, has declared that Senator Ireti Kingibe would not return to the Senate after the 2027 general elections. Wike made the statement on Tuesday while speaking with journalists during an inspection of ongoing road projects in the FCT. The minister was responding to Kingibe’s recent criticism of the FCT…
