Nigerian government has entered a transformative partnership with Brazil’s Fundação Getulio Vargas (FGV) to revolutionise the country’s agricultural sector. The Memorandum of Understanding (MoU), signed at the G20 Leaders’ Summit in Rio de Janeiro, focuses on driving innovation and investment in fertiliser production, hybrid seed technology, and agricultural finance across all 774 local government areas…
The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦970 per litre for oil marketers. This decision, revealed by the company’s Chief Branding and Communications Officer, Anthony Chiejina, in a statement on Sunday, said is aimed at showing appreciation to Nigerians for their…
The Nigerian Civil Aviation Authority (NCAA) has renewed the aerodrome certificates for Murtala Muhammed International Airport (MMIA), Lagos, and Nnamdi Azikiwe International Airport (NAIA), Abuja, marking a significant milestone in Nigeria’s aviation sector. The certificates, which expired four years ago, were presented to the Federal Airports Authority of Nigeria (FAAN) on Friday in Abuja by…
Hussaini Kafi in Kano A recent survey conducted by the National Bureau of Statistics (NBS) in collaboration with the World Bank has revealed a stark picture of food insecurity and poverty in Nigeria. The report, titled “General Household Survey-Panel Wave 5,” indicates that a significant portion of Nigerian households are struggling to afford basic food…
The Nigerian Mining and Geosciences Society (NMGS) has called for stronger collaboration with the Nigeria Customs Service (NCS) to address the rising threat of illegal smuggling of natural resources, which is causing significant revenue loss and depletion of critical raw materials. During a visit to the NCS Headquarters in Abuja on 21 November 2024, NMGS…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has disclosed its achievements and challenges in the fight against corruption. This information was contained in a press statement released on Friday and signed by Demola Bakare, spokesperson for the Commission. According to the Chairman of the ICPC, Dr. Musa Adamu Aliyu, SAN, the Commission…
The Economic and Financial Crimes Commission (EFCC) has warned banks in Nigeria against making themselves available as instruments of fraud. According to a post from the EFCC’s X handle on Friday, this warning was given by the EFCC’s Executive Chairman, Mr. Ola Olukoyede on Friday, during a courtesy visit by the management team of Moniepoint,…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun,has emphasized the crucial role of the civil service in driving the country’s macroeconomic reforms. According to a post from the Federal Ministry of Finance X handle on Friday, Edun, while speakingat the launch of the Federal Civil Service Policies and Guidelines, praised the…
In a mounting show of opposition, northern leaders, including the Northern Governors Forum (NGF) and various civil society groups, have voiced strong disapproval of the Tax Reform Bill recently proposed by President Bola Tinubu. Hussaini Kafi writes as heated debates and opposition greet the intended reform. The bill, which aims to overhaul the country’s taxation…
Korede Abdullah in Lagos The Nigerian Naira experienced mixed fortunes yesterday, depreciating to N1,745 per dollar in the parallel market from N1,740 per dollar on Wednesday. However, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira appreciated to N1,658.67 per dollar, indicating a N28.85 gain. This development reflects the complex and volatile nature of…
