President Bola Tinubu on Tuesday unveiled Nigeria’s Industrial Policy 2025, directing relevant Ministries, Departments and Agencies (MDAs) to ensure its speedy implementation as part of efforts to strengthen the country’s economic foundation. The policy was inaugurated on the president’s behalf by Vice-President Kashim Shettima at the Bola Ahmed Tinubu International Conference Centre in Abuja. Tinubu…
The Federal Government has invited the African Development Bank (AfDB) to support the design and financing of the Digital Value Chain Infrastructure for Boosting Employment (D-VIBE), also referred to as Project BRIDGE, aimed at expanding Nigeria’s digital infrastructure and stimulating job creation. According to a statement released by the AfDB on its website, the project…
The Federal Government has announced that salaries of unverified workers in the Federal Civil Service will be suspended starting March 2026, following the conclusion of the ongoing Personnel Audit and Skills Gap Analysis (PASGA) exercise. A memo obtained by our correspondent on Tuesday from the Office of the Head of the Civil Service of the…
By Adeyemi David Chairman of the House of Representatives Ad Hoc Committee on the Review of Tax and Export Incentives, Waivers and Exemptions, James Abiodun Faleke, has disclosed that Nigeria is losing an estimated N8 trillion annually to waivers and concessions granted to organisations and individuals by the Federal Government of Nigeria. In a statement…
The Federal Government of Nigeria has formalized a strategic partnership with the International Energy Agency (IEA) to enhance cooperation on methane emissions reduction, gas development, clean cooking access, and technical support. The Memorandum of Understanding (MoU) was signed on Tuesday at the IEA Headquarters in Paris by Rt. Hon. Ekperikpe Ekpo, Nigeria’s Minister of State…
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has presented the Ministry’s 2025 budget performance and 2026 budget proposal to the Joint Committee of the Senate and House of Representatives on Petroleum Resources. A statement issued on Tuesday by the Head, Press and Public Relations Unit, Chris Ugwuegbulam said Lokpobiri made the presentation on…
Former Kaduna State governor, Nasir El-Rufai, was detained at the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja on Monday night following hours of interrogation over an alleged N432 billion corruption scandal. El-Rufai, a prominent chieftain of the African Democratic Congress (ADC), is also expected to face criminal prosecution in connection with…
Nigeria’s banking sector emerged as the top destination for foreign capital in the third quarter of 2025, attracting $3.14 billion and accounting for 52.25 percent of total capital imported into the country. This is according to the Capital Importation Report for Q3 2025 released by the National Bureau of Statistics (NBS), which showed a significant…
By Adeyemi David The Centre for the Promotion of Private Enterprise (CPPE) has said Nigeria’s inflation decline to 15.10 percent in January points to a significant shift toward macroeconomic stabilisation, offering relief for households and renewed confidence for investors. Founder of the CPPE, Muda Yusuf, made the assertion in a statement issued Monday in Lagos…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has alerted the public to the activities of fraudulent individuals claiming to offer contracts on behalf of the Commission, warning Nigerians to be cautious to avoid falling victim to scams. In a statement signed by its Head of Corporate Communication and Media, Eniola Akinkuotu, the Commission disclosed that…
