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
The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said Nigerians would soon heave a sigh of relief as the pump price of Premium Motor Spirit, popularly called petrol, is expected to drastically reduce due to the continuation of crude and refined product sales under the naira initiative by the
President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, has commended the United Bank for Africa (UBA) for its longstanding role in advancing economic development across Africa. Speaking during a courtesy visit to the UBA UK Limited office in London on Wednesday, Dr. Adesina emphasized the importance of building bridges between international financial
The Federal Government has instituted a mechanism to assess, monitor, and enhance the performance of State-Owned Enterprises (SOEs) in Nigeria. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, made this known at the inauguration of the Corporate Governance Scorecard, organised by the Ministry of Finance Incorporated (MOFI) in partnership with
Renowned businessman and founder of the now-defunct Diamond Bank Plc, Pascal Gabriel Dozie, has died at the age of 85. His death was confirmed in a statement released by his family on Tuesday, April 8, 2025. The statement, signed by his son Uzoma Dozie, described the late patriarch as a devoted husband, father, grandfather, and
President Bola Tinubu has dismissed the board of the Nigerian National Petroleum Company (NNPC) Limited, including its Group Chief Executive Officer, Mele Kyari, and Board Chairman, Pius Akinyelure. The decision, which takes effect from April 2, 2025, was announced in a statement by presidential spokesperson Bayo Onanuga. According to the statement, the move aims to
If you’re a corps member and had already been dreaming about painting the town red with your new ₦77,000 allowance, I’m sure by now you’ve had a reality check. The second month of the year has come and gone, and the credit alert everyone received is still the same old ₦33k. But Wait, Weren’t We
