The Federal Government has clarified that there is currently no immediate plan to ban the importation of photovoltaic (PV) solar panels into Nigeria. This comes amid ongoing discussions about boosting local manufacturing capacity to meet the country’s energy needs. Abba Aliyu, Managing Director of the Rural Electrification Agency (REA), stated that while efforts are underway
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has raised concerns over a high-ticket mentorship programme offered by Dr. Stephen Akintayo, a well-known motivational speaker and investment coach. In a post on his Facebook page on April 23, 2025, Akintayo revealed a limited offer, 10 exclusive slots for a one-on-one mentorship and business
Aliko Dangote, Africa’s richest man and President of the Dangote Group, has been appointed to the World Bank’s Private Sector Investment Lab, an initiative focused on accelerating private investment and job creation in developing countries. The appointment, announced on April 23, 2025, marks a significant expansion of the Lab as it enters its implementation phase.
Despite the Nigerian government’s removal of fuel subsidies, the Nigeria Customs Service (NCS) reports that fuel smuggling remains a lucrative activity due to significant price disparities between Nigeria and its neighboring countries. At a press briefing in Abuja on Tuesday, Comptroller General of Customs, Adewale Adeniyi, explained that the price of Premium Motor Spirit (PMS)
The International Monetary Fund (IMF) has released it new economic outlook report, reversing Nigeria’s economic growth projections for 2025 and 2026. The April report was released on Tuesday during World Economic Outlook (WEO) at a press briefing at the ongoing IMF/World Bank 2025 Spring Meetings in Washington, D.C. The report cut the forecast for Nigeria’s
Members of the NNPC Staff Cooperative Multipurpose Society are calling for urgent intervention amid growing concerns about financial mismanagement, illegal interference, and disregard for court orders within their organization. The controversy revolves around an alleged N806 million discrepancy in the cooperative’s 2022 financial records. Despite ongoing demands from members, the Management Committee has reportedly failed
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria has significantly reduced its Premium Motor Spirit (PMS) importation. The chief executive officer of NMDPRA, Farouk Ahmed, said this during the Meet-the-Press briefing series organised by the Presidential Communications Team (PTC) at the State House in Abuja on Tuesday. Mr Ahmed said the county’s
President Bola Tinubu on Monday declared a national emergency on food security, calling for expanded irrigation infrastructure and participatory water resource management across the country. Tinubu made the declaration while opening the 6th African Regional Conference on Irrigation and Drainage in Abuja. The President who was represented by the Secretary to the Government of the
Akinwumi Adesina, President of the African Development Bank (AfDB), has voiced concerns over Nigeria’s ‘Japa’ trend, where young professionals emigrate in search of better opportunities. In an interview on Channels Television’s Sunrise Daily on April 10, 2025, Adesina described this migration as a significant loss for both Nigeria and the African continent. Adesina emphasized that
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has raised alarm over the escalating trade tensions between the United States and China. She warned that the ongoing tariff war could slash merchandise trade between the two countries by up to 80%. She cautioned that this dramatic drop would not only strain bilateral relations but
