In the last three years, Nigeria governors have come under intense scrutiny for their extravagant spending on foreign trips, sparking concerns about the prudence of resource management. Shockingly, the total expenditure on overseas travels amounts to at least N21.04bn, a figure that has alarmed citizens and raised questions about the tangible outcomes of such expenditures….
The Nigerian telecom market is poised for substantial growth, with a recent report from market intelligence firm Mordor Intelligence forecasting a market value of $11.43 billion by 2029. This projection indicates a notable increase from the current market value of $9.09 billion. The report attributes this expected surge to a cumulative average growth rate (CAGR)…
In a significant address at the Dan Anyiam Stadium in Owerri, President Bola Ahmed Tinubu expressed a hopeful vision for Nigeria’s economic future. Emphasizing the need for change, President Tinubu lamented the past decades marred by the mismanagement and embezzlement of public resources under the subsidy regime. He pointed out that a few individuals had…
Federal Government Issues 13 New Licences for Electricity Generation In a significant move to boost the country’s power sector, the Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has granted 13 new licences in the third quarter of 2023. These licences cover a spectrum of activities, including off-grid and embedded power generation, independent electricity…
Presidential Acknowledgment of Creative Industry’s Impact President Tinubu’s recent commendation of Funke Akindele and her box office success underscores the increasing recognition of the Nigerian creative industry’s substantial economic impact. This acknowledgment extends beyond mere artistic expression, highlighting its role as a potent source of soft power and cultural export. The president’s commitment to fostering…
Vice President Kashim Shettima Heads to Davos for World Economic Forum Vice President Kashim Shettima, at the behest of President Bola Ahmed Tinubu, GCFR, has embarked on a significant diplomatic mission to represent Nigeria at the 2024 Annual Meeting of the World Economic Forum in Davos, Switzerland. This move underscores Nigeria’s commitment to active participation…
The opening minutes of the match saw Nigeria Super Eagle taking the initiative with a strong attacking presence. Alex Iwobi’s right-footed shot from outside the box in the 1st minute signaled their intent, but Equatorial Guinea’s goalkeeper made a crucial save. The Nigeria Super Eagle team continued to press forward, earning free kicks and creating…
Afreximbank’s $3.3 Billion Crude Oil Prepayment Facility for Nigeria The African Export-Import Bank (Afreximbank) has taken a significant step in addressing Nigeria’s economic challenges by confirming the initial disbursement of $2.25 billion from the recently approved $3.3 billion crude oil prepayment facility. This crucial financial support aims to alleviate the acute foreign exchange (FX) shortage…
Renowned Human Rights Activist and Senior Advocate of Nigeria, Femi Falana, recently shared his perspective on the demand for state police in Nigeria, emphasizing a crucial misunderstanding of the constitutional structure of the current Nigerian police. During an interview with Seun Okinbaloye of Channels TV, Falana highlighted key constitutional provisions shaping the nature of law…
Supreme Court Affirms Francis Nwifuru as Governor of Ebonyi State In a landmark decision today, the Nigeria Supreme Court of Nigeria has affirmed Francis Nwifuru as the duly elected Governor of Ebonyi State. The verdict comes after an exhaustive legal battle initiated by opposition parties, challenging the legitimacy of Nwifuru’s election. The court thoroughly examined…
