Search Results for: Abuja

The federal government of Nigeria, through Minister Adegboyega Oyetola in collaboration with the African Union – Interafrican Bureau for Animal Resources (AU-IBAR), is embarking on formulating a comprehensive Blue Economy Strategy. The initiative aims to tap into Nigeria’s marine resources effectively and sustainably for economic development. During a recent workshop in Abuja, Minister Adegboyega Oyetola…

Tensions within the People’s Democratic Party (PDP) have reached a boiling point as a group of sixty lawmakers has signaled their potential departure from the party unless significant changes are made at the leadership level. Led by Hon. Ikenga Ugochinyere, a representative from Imo State, and five other legislators, the group aired their grievances during…

The Economic and Financial Crimes Commission (EFCC) takes a crucial step by arraigning Binance Holdings Ltd and one of its executives, Tigran Gambaryan, before Justice Emeka Nwite of a Federal High Court in Abuja. The charges brought against them, totaling $34.4 million, include tax evasion, currency speculation, and money laundering. This high-profile case underscores the…

President Tinubu underscored the crucial role of the private sector in Nigeria’s economic growth during an Iftar gathering in Abuja with members of the Nigerian business community. He expressed gratitude for their support and emphasized the indispensable nature of their contributions to the nation’s economy. Tinubu highlighted the private sector as the primary driver of…

In a recent gathering of the organized private sector in Abuja, Allen Onyema, the CEO of Air Peace, commends President Tinubu for his instrumental role in bolstering Nigeria’s business environment. With a strategic vision, President Tinubu has implemented measures that have significantly enhanced the ease of doing business across various sectors. Allen Onyema’s remarks underscore…

Governor Hope Uzodimma of Imo State has made a resolute commitment to ending crude oil theft in Nigeria, aiming for swift action. Speaking to reporters in Abuja after a crucial stakeholders meeting, Governor Hope Uzodimma outlined plans to submit the interim report of the crude oil theft and management committee to the National Economic Council…

Manufacturers and Organized Labour are vehemently opposing the Federal Government’s decision to increase tariffs for electricity consumers who receive a 20-hour power supply. They contend that this decision could lead to adverse consequences for businesses and individuals alike. The removal of electricity subsidies, especially for consumers in Band A, constituting approximately 15% of all electricity…

Governor Fubara’s unequivocal assertion that adherence to the presidential peace agreement does not equate to weakness serves as a defiant declaration of strength and resolve. In the face of detractors who may misconstrue his actions as capitulation, Governor Fubara reaffirms his unwavering commitment to principled leadership and steadfast governance. By embracing the directives outlined by…

The Nigerian Electricity Regulatory Commission (NERC) has made a significant decision to raise electricity tariffs, impacting customers in the Band A category. This announcement, made during a press briefing in Abuja by the Vice Chairman of Nigerian Electricity Regulatory Commission (NERC), Musliu Oseni, marks a notable shift in pricing structure. The decision to implement this…