Nigerian Ministers, Minister of Finance, Wale Edun, and the Minister of Budget and Economic Planning, Senator Atiku Bagudu, recently met with a delegation of Canadian investors to explore investment opportunities in Nigeria. The meeting was hosted by African Capital Alliance, led by Chairman Mr. Okey Enelamah, former Minister of Industry, Trade, and Investments. This meeting…
Illegal refineries in Nigeria have become a significant national issue, comparable to illicit drugs, child labor, and baby factories. Despite ongoing efforts by the government and local communities to crack down on these operations, they continue to proliferate, particularly in the oil-rich Niger Delta region. The presence of these unauthorized refineries poses severe environmental and…
The Comptroller-General of Customs, Mr. Adewale Adeniyi, has announced significant progress in curtailing PMS smuggling nationwide. Addressing the press in Yola, he highlighted the Customs Service’s initiative, supported by the Office of the National Security Adviser, aimed at combating economic saboteurs. This collaborative effort has yielded impressive results, showcasing the agency’s commitment to tackling smuggling….
Festus Keyamo revealed that the cessation of the visa ban was agreed upon during President Bola Ahmed Tinubu’s visit to the UAE in September 2023, but additional processes need to be completed before the ban can be officially lifted. The Minister of Aviation confirmed that he is aware of the date for lifting the visa…
The Nigerian government has expressed strong disapproval of the New York Times’ recent report titled “Nigeria Confronts Its Worst Economic Crisis in a Generation.” Authored by Ruth Maclean and Ismail Auwal, the article, published on June 11, 2024, was described by the Nigerian authorities as reductionist and derogatory. They argue that it represents a continuation…
The Central Bank of Nigeria (CBN) has taken a significant step to stabilize the country’s foreign exchange market by creating a special account called the Gazelle Funding Account. The account has an initial deposit of $2.9 billion, which is part of the $3.3 billion loan secured from Afrexim Bank. This move is aimed at boosting…
Nigeria’s journey to democratic maturity reached a pivotal milestone with the celebration of its Silver Jubilee of uninterrupted democratic governance. Over the past 25 years, the country has seen a remarkable consistency in the peaceful transfer of power between different political parties, underscoring the robust commitment of key stakeholders to the principles of democracy. This…
The Nigerian Police Force has firmly rebutted claims made by Senator Shehu Sani regarding the detention of EndSARS protesters. The allegations surfaced during a Democracy Day event on June 12, where Sani urged President Bola Ahmed Tinubu to release individuals purportedly held since the 2020 protests against police brutality. In a statement titled “Democracy Day:…
President of the Senate, Godswill Akpabio, has extended warm felicitations to Muslim faithful on the occasion of Eid-Al-Adha. He highlighted the significance of sacrifice and joy associated with the celebration, encouraging Nigerians to make necessary sacrifices for a better future. Akpabio acknowledged the challenges faced under President Bola Ahmed Tinubu’s administration but promised that these…
The Securities and Exchange Commission (SEC) has issued a warning to Nigerians about the risks of investing in the meme coin launched by singer Davido. The commission cautioned that investing in the coin is highly risky and may result in significant financial losses. The SEC advised Nigerians to exercise extreme caution and thorough research before…
