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 President Bola Tinubu on Friday inaugurated an 11-member committee to facilitate the incorporation of the proposed Grid Asset Management Company Ltd. (GAMCO) as part of efforts to strengthen Nigeria’s electricity transmission and grid management system. The inauguration took place at the State House in Abuja following the approval of the company’s establishment…
By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has announced the installation of 82 power transformers across the country within the last 23 months as part of efforts to strengthen electricity transmission and improve power supply nationwide. The development was disclosed in a publication outlining the company’s achievements and challenges over the past five…
By Yinka Oduntan The All Progressives Grand Alliance (APGA) has reaffirmed its support for the administration of Bola Tinubu, saying cooperation among political actors is essential for strengthening democratic governance and promoting national development. The party’s National Chairman, Sly Ezeokenwa, stated this during an interactive session with journalists on Thursday in Lagos. Ezeokenwa said APGA’s…
By Olakunle Oke President Bola Ahmed Tinubu has announced the successful resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, paving the way for significant new investment in Nigeria’s deepwater oil sector. The agreement, reached between the Federal Government of Nigeria, Eni and Nigerian Agip Exploration Limited (NAEL), was unveiled during a meeting…
By Seun Ibiyemi The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Thursday paid a courtesy visit to the Olubadan of Ibadanland, Rashidi Adewolu Ladoja, at the monarch’s palace in Ibadan, Oyo State. The visit provided an opportunity for the minister to pay homage to the revered traditional ruler and elder statesman while holding…
By Adeyemi David The Chief of Staff to the President, Femi Gbajabiamila, on Wednesday urged key government agencies to ensure a structured rollout and seamless implementation of the National Single Window (NSW) project ahead of its inauguration on March 27. Gbajabiamila made the call during a stakeholders’ meeting at the State House, describing the initiative…
By Seun Ibiyemi President Bola Tinubu has initiated plans to establish a Grid Asset Management Company (GAMCO) as part of efforts to strengthen Nigeria’s electricity transmission network and address persistent challenges in the power sector. The Minister of Information and National Orientation, Mohammed Idris, disclosed this on Wednesday after the meeting of the Federal Executive…
By Seun Ibiyemi Newly sworn-in Inspector-General of Police, Olatunji Disu, on Wednesday declared his support for the establishment of state police, aligning with President Bola Tinubu’s push for security reforms. Disu spoke with State House correspondents shortly after he was sworn in as the 23rd Inspector-General of Police at the Presidential Villa, Abuja. Read also:…
By Seun Ibiyemi President Bola Tinubu has ordered the immediate suspension of the newly introduced cashless payment system at airports following widespread traffic gridlock and delays experienced by travellers across the country. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the directive after the Federal Executive Council (FEC) meeting presided over by the…
