By Seun Ibiyemi The National Institute for Hospitality and Tourism (NIHOTOUR), in collaboration with the China Cultural Centre in Nigeria, has hosted the 2026 Nigeria–China Food Festival in Abuja as part of activities marking 55 years of diplomatic relations between both countries. The festival, held on August 27 at the China Cultural Centre, Abuja, was…
By Seun Ibiyemi The Federal Government has launched a crackdown on massive electricity theft and commercial losses along the 132kV Ikorodu–Sagamu industrial corridor, with unaccounted power estimated at 100 megawatts and an annual revenue loss of about ₦120 billion. The Minister of Power, Joseph Tegbe, announced the intervention on Friday during a high-level stakeholder meeting…
By Seun Ibiyemi President Bola Ahmed Tinubu has disclosed that state governors have agreed to leverage compressed natural gas (CNG) and electric vehicles (EVs) to reduce transportation costs across their states from October 1, 2026. Tinubu made this known in a statement posted on his official X account on Thursday, following a meeting with members…
By Seun Ibiyemi President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to developing Nigeria’s maritime sector and charged the Nigerian Maritime Administration and Safety Agency (NIMASA) to intensify efforts to unlock the industry’s economic potential. Tinubu gave the charge when he received the Director-General of NIMASA, Dr Dayo Mobereola, at the State House in…
By Seun Ibiyemi The Federal Airports Authority of Nigeria (FAAN) has approved the immediate return of Bolt services to airports under its management following an agreement on the conditions for operating e-hailing services within airport premises. The Authority said it reached an operational framework with Bolt, allowing the ride-hailing platform to resume services after a…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set the first quarter of 2027 as the new target for completing its 10-storey headquarters, known as The Barrel, in Abuja. The Commission said the completion of the building would improve its operational efficiency and strengthen Nigeria’s image when engaging local and international investors in the oil…
By Afolabi wale President Bola Ahmed Tinubu has directed a comprehensive reform of Nigerian football following a series of failures by the country’s national teams to qualify for major regional, continental and global competitions. The directive was issued on Thursday, shortly after the President of the Nigeria Football Federation (NFF), Ibrahim Musa Gusau, its General…
The Ekiti State chapter of the Peoples Democratic Party (PDP) has denied reports that it is mobilising grassroots support for the presidential ambition of Oyo State Governor, Seyi Makinde, ahead of the 2027 general elections. The party also dismissed claims that it was working with the Allied Peoples Movement (APM) on a mobilisation campaign for…
The Central Bank of Nigeria (CBN) has lowered the stop rate on its 364-day Treasury bill to 17.15 per cent while raising N638.19 billion from the instrument amid strong investor demand. The 44-basis-point reduction from the previous auction rate of 17.59 per cent came despite overwhelming subscriptions, as investors submitted N3.63 trillion for the one-year…
By Seun Ibiyemi Nigeria’s external reserves have risen to $53.11 billion, reaching their highest level in more than 17 years and coming within $142 million of the country’s previous record recorded in 2009. Latest data from the Central Bank of Nigeria (CBN) showed that the reserves stood at $53.112 billion as of August 24, 2026….
