By Seun Ibiyemi In a bid to expand access to cheaper and cleaner fuel alternatives, President Bola Ahmed Tinubu has directed the Presidential Initiative on Compressed Natural Gas (PiCNG) to deploy about 100,000 vehicle conversion kits nationwide. The directive is aimed at promoting the use of Compressed Natural Gas (CNG) as a substitute for petrol…
Nigeria’s electricity sector remains one of the deepest scars on the nation’s development landscape, a chronic failure that blights households, cripples industries, and drains public finances. Despite successive government promises and eye‑watering budget allocations, the power grid continues to sputter, leaving citizens and businesses to pay the price for something that ought to be basic…
…sets up review committee By Seun Ibiyemi The Federal Government has announced the suspension of the compulsory $300 helicopter landing fee imposed on oil companies operating in Nigeria’s petroleum sector. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this during a meeting with the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri,…
By Adeyemi David President Bola Ahmed Tinubu on Monday night assured Nigerians that the country would never allow agents of instability to undermine its peace, unity and sovereignty, declaring that terrorists threatening national security would ultimately be defeated. The President gave the assurance while hosting religious and traditional leaders for an interfaith breaking of fast…
By Seun Ibiyemi The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, has said the resolution of the long-running dispute over OPL 245 will strengthen Nigeria’s economy and enhance the federal government’s fiscal capacity. Fagbemi made the remarks in Abuja following the signing of a legal agreement that formally brought the prolonged dispute…
By Seun Ibiyemi Nigeria’s currency, the Nigerian naira, recorded mixed performance against the United States dollar on Friday as trading closed with slight fluctuations across the official and parallel foreign exchange markets. At the official market, the naira traded around ₦1,385 to the dollar at the Nigerian Foreign Exchange Market, reflecting mild depreciation compared with…
By Seun Ibiyemi Nigeria’s gold reserves have risen to about $3.5 billion following the delivery of additional locally sourced and refined gold to the Central Bank of Nigeria (CBN), the Solid Minerals Development Fund (SMDF) has announced. The Executive Secretary of the fund, Fatima Shinkafi, disclosed this while confirming that the latest batch of gold…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has intensified efforts to strengthen partnerships with key stakeholders as part of measures to enhance revenue generation and promote legitimate trade in the country. The Acting Customs Area Controller of the Oyo/Osun Area Command, Wale Moses Adewole, disclosed this during a courtesy visit to British American Tobacco…
By Seun Ibiyemi Aviation security expert and former Lagos airport commandant, Group Captain John Ojikutu (rtd), has drawn attention to what he describes as the “misplaced spending priorities” of the federal government, highlighting the $25 billion spent on federal refineries that remain non-operational. Speaking in a chat with BusinessPointer on the parallel between the refineries…
…Revives adult literacy commission By Adeyemi David Nigeria’s federal government has imposed a six-year moratorium on the establishment of new universities, polytechnics, and colleges of education, in a bid to strengthen the quality and financial sustainability of existing institutions. The decision was announced by Tunji Alausa after Wednesday’s Federal Executive Council (FEC) meeting in Abuja,…
