National News
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Deepwater projects : Nigeria to access $90bn global financing, says presidential aide
The special adviser to the president on energy, Olu Verheijen said disclosed that Nigeria is now positioned to tap into the global $90 billion financing for deepwater projects. Verheijen spoke on Wednesday at the 42nd Nigerian Association of Petroleum Explorationists (NAPE) annual international conference and exhibition held in Lagos. According to the presidential aide, the funding would help the country…
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Military holds Guard of Honour for late Lagbaja as body arrives Abuja
The body of the late Chief of Army Staff, Lieutenant General Taoreed Lagbaja, has arrived in Abuja where he will be buried on Friday. The Nigerian Airforce plane NAF 918 carrying the body of the late COAS landed at the presidential wing of the Nnamdi Azikiwe International Airport Abuja, at around 12:15pm on Thursday. The remains of the late COAS…
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FG secures $134 million AfDB loan to bolster nationwide seed, grain production
By Kunle Sanni The Federal Government of Nigeria has secured a $134 million loan from the African Development Bank (AfDB) aimed at significantly boosting the nation’s seed and grain production. This funding initiative is set to support the country’s year-round agricultural productivity and enhance food security. The announcement was made by the Minister of Agriculture and Food Security, Senator Abubakar…
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BREAKING: Body of late COAS Lagbaja arrives Lagos Airport
The body of the late Chief of Army Staff, Lt. Gen. Taoreed Lagbaja has arrived at the Nigerian Airforce wing of the Murtala Muhammed International Airport in Lagos. The body which was received by soldiers of the Guards Brigade who are set to pay their last respects to Lagbaja, arrived at exactly 9 am. details later… Credit: The Punch
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Nigeria secures $30bn in foreign investments as Tinubu’s reforms gain momentum
By Kunle Sanni President Bola Tinubu has announced that his administration has secured over $30 billion in foreign direct investment (FDI) commitments in less than two years, attributing this success to his government’s economic reforms aimed at strengthening Nigeria’s trade and business environment. Speaking at the 2024 Comptroller-General of Customs Conference in Abuja on Wednesday, Tinubu, represented by the National…
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Address economic challenges facing media industry, NGE urges FG
Following a three-day conference in Yenagoa, the Nigerian Guild of Editors (NGE) has urged the Federal Government to implement swift measures to cushion the economic effects of fuel subsidy removal and fluctuating exchange rates. At the 20th All Nigeria Editors Conference (ANEC), editors across the nation called for targeted relief measures, highlighting the strain on both citizens and businesses. In…
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Corruption in power sector responsible for incessant grid collapse – EFCC boss
Nigeria’s erratic power supply can be attributed to corruption within the power sector, the Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede has said. Olukoyede noted that what the commission had uncovered during its investigations will shock Nigerians. Olukoyede spoke when the House Committee on Anti-Corruption and Financial Crimes visited him in Abuja on Tuesday, saying contractors awarded…
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Tinubu returns to Abuja after attending Riyadh Summit on Arab-Islamic cooperation
By Kunle Sanni President Bola Tinubu has returned to Abuja following his participation in the Riyadh Joint Arab-Islamic Summit in Saudi Arabia. His arrival at the presidential wing of Nnamdi Azikiwe International Airport was recorded at about 8:00 p.m. President Tinubu departed Riyadh on Tuesday after a day of discussions with regional leaders. He had initially arrived in Saudi Arabia…
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Saudi Crown Prince lauds Nigeria’s economic reforms, pledges stronger bilateral ties
By Kunle Sanni The Saudi Crown Prince and Prime Minister, Mohammed bin Salman bin Abdulaziz Al Saud, has expressed Saudi Arabia’s commitment to support Nigeria’s economic reforms and strengthen ties between the two nations. The assurance came during a meeting on Monday in Riyadh between the Crown Prince and Nigerian President Bola Ahmed Tinubu, held on the sidelines of the…
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JUST IN: Tinubu departs Riyadh following Joint Arab-Islamic Summit
By Kunle Sanni President Bola Tinubu has departed Riyadh after attending the Joint Arab-Islamic Summit in Saudi Arabia. Arriving in Riyadh via King Abdulaziz International Airport at 10 a.m. on Sunday, President Tinubu joined Heads of State and Government from the Organization of Islamic Cooperation (OIC) and the League of Arab States for the one-day summit, which served as a…
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