The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said Nigeria could have faced a severe economic crisis if the petrol subsidy regime had continued. Lokpobiri said the subsidy placed an enormous financial burden on the Federal Government while providing limited benefits to the majority of Nigerians. The minister spoke at the…
By Seun Ibiyemi The Nigerian Ports Economic Regulatory Agency (NPERA) has expressed readiness to partner the Aromire-Eko Empowerment Foundation on programmes focused on youth empowerment, skills acquisition, training and job creation. The Director-General/Chief Executive Officer of NPERA, Dr Akutah Pius, MON, disclosed this when officials of the foundation, led by its Head, Prince Sijuade Ojora,…
By Seun Ibiyemi President Bola Ahmed Tinubu has directed the Federal Government to develop a roadmap for the full launch of Nigeria’s Digital Free Zones initiative within 180 days, as part of efforts to attract global capital, create jobs and keep technology businesses and intellectual property within the country. Tinubu gave the directive to the…
By Seun Ibiyemi Nigeria has secured a major victory in an international arbitration dispute involving Sunrise Power and Transmission Company Limited over the long-delayed Mambilla Hydroelectric Power Project in Taraba State. President Bola Ahmed Tinubu announced on Thursday that an International Arbitration Tribunal under the International Chamber of Commerce (ICC) in Paris had issued an…
By Seun Ibiyemi The Oyo/Osun Area Command of the Nigeria Customs Service, NCS, generated N65.66 billion in revenue between January and August 2026, representing a 13.88 per cent increase compared with the N57.66 billion collected during the corresponding period in 2025. The Acting Customs Area Controller of the Command, Deputy Comptroller Wale Moses Adewole, disclosed…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency, NIMASA, has formally unveiled its Blue Economy Accelerator Programme, BEAP, seeking stronger investment, financing and regulatory support for Nigerian startups developing solutions for the maritime sector. The programme was launched in Lagos on Wednesday during a high-level interactive session involving the organised private sector, development…
A fresh disagreement has emerged among political actors supporting President Bola Tinubu’s 2027 re-election bid, with FCT Minister Nyesom Wike and governors of the All Progressives Congress, APC, taking different positions on the structure for mobilising support for the President. The disagreement centres on Wike’s National Rainbow Coalition, a cross-party platform which he says is…
By Seun Ibiyemi The Nigeria Customs Service, NCS, has intercepted 56 containers loaded with prohibited goods with a total duty paid value of N5.53 billion at the Port Harcourt II Area Command, Onne, Rivers State. Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Tuesday, September 15, 2026, while briefing journalists at the command. Adeniyi said…
By Seun Ibiyemi The Lagos State Government has appealed to motorists to exercise patience as severe traffic congestion persists on the Lagos-Ibadan Expressway following a fallen tanker and ongoing rehabilitation work at the Kara Bridge. The Permanent Secretary, Ministry of Transportation, Olawale Musa, made the appeal on Wednesday, saying the fallen tanker had been evacuated…
By Seun Ibiyemi Operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested the Managing Director of Debasilio Construction and Estate Development Limited, Basil Iwoba Ochili, over alleged fraud involving N128 million. The EFCC said Ochili was arrested following a petition alleging that he obtained the money from a…
