Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, emphasised on Thursday that Nigeria shouldn’t solely depend on borrowing to finance the 2024 budget. Edun shared this stance during his appearance before the joint Senate Committee on the 2024–2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) in Abuja. Highlighting Read More…
The National Film And Video Censors Board (NFVCB) pledged on Thursday to enforce strict measures against Over-The-Top (OTT) streaming services found to be violating Nigerian digital content regulations. Alh. Adedayo Thomas, NFVCB’s Executive Director, delivered this stance at the conclusion of the third edition of the NFVCB’s Digital Content Regulation Conference in Lagos. The conference, Read More…
On Thursday, Bloomberg News reported Nigeria’s decision to retract civil claims amounting to $1.1 billion against Italian energy giant Eni regarding alleged corruption linked to an oilfield deal. The country’s justice ministry intends to unconditionally waive these claims before Italy’s highest court by November 17, as revealed in a letter regarding the OPL 245 field, Read More…
In a much-anticipated Group C Match Day 1 fixture for the 2026 FIFA World Cup qualifications, Nigeria stumbled to a 1-1 draw against Lesotho, marking a lacklustre start to their campaign. The game, held at the Godswill Akpabio International Stadium in Uyo, witnessed the Super Eagles struggling to dominate their opponents, despite the anticipation of Read More…
The Chartered Institute of Directors (CIoD) emphasised the pivotal role of good corporate governance in unlocking the potential of sectors like agriculture, solid minerals, and the blue economy to diversify Nigeria’s economic landscape. During a press briefing in Lagos, Alhaji Tijjani Borodo, President of CIoD, highlighted the upcoming 2023 Annual Directors’ Conference (ADC) at Transcorp Read More…
Amidst the unfolding Ukraine crisis, the African Export-Import Bank (Afreximbank) sealed a significant trade finance agreement worth $150 million with United Bank for Africa (UBA) PLC. This strategic pact falls under the Ukraine Crisis Adjustment Trade Financing Programme for Africa, aiming to bolster businesses in Nigeria amidst the crisis fallout. The agreement, formalised at the Read More…
In a recent development, Nigeria’s state oil firm NNPC Ltd announced on Sunday that it successfully restored 275,000 barrels per day (bpd) of oil production at its joint venture unit with Total Energies after resolving an industrial action by workers. According to NNPC’s statement, “The unions have agreed to suspend ongoing industrial action leading to Read More…
In a groundbreaking development, Saudi Arabia has pledged a significant investment in the comprehensive overhaul of Nigeria’s ageing oil refineries. The commitment was sealed during a bilateral meeting between Nigerian President Bola Tinubu and Saudi Crown Prince Mohammed bin Salman on the fringes of the Saudi-Africa summit in Riyadh. Under President Tinubu’s ambitious reforms, aimed Read More…
The Federal Government has inked a Memorandum of Understanding (MoU) with Saudi Arabia, marking a crucial step in establishing a collaborative framework for the oil and gas sector. The MoU focuses on fostering collaboration, sharing information, and transferring technology to create a conducive environment for a mutually beneficial partnership. Senator Heineken Lokpobiri, the Minister for Read More…
President Bola Tinubu is set to embark on a journey to Riyadh, Saudi Arabia, on Thursday to participate in the inaugural Saudi-Africa Summit. This was revealed by Presidential spokesman Ajuri Ngelale in a statement issued on Wednesday in Abuja, indicating that the summit is scheduled to take place in Riyadh on Friday. Ngelale highlighted that Read More…
