The global energy landscape has undergone a seismic shift since the Ukraine-Russia conflict erupted in 2022. As Europe scrambled to secure alternative energy sources, Nigeria’s emerged as a pivotal player, particularly for the European Union. Matthew Baldwin, deputy director general of the European Commission’s energy department, highlighted the significance of this shift, noting, “The EU…
Dangote Refinery is a significant investment in Nigeria’s energy sector, and its success is crucial to the country’s economic growth. The refinery’s failure would not only affect the economy but also lead to a loss of jobs and revenue for the government. The alleged sabotage of the Dangote Refinery by IOCs poses a significant threat…
Through Mr. Bayo Onanuga, Special Adviser on Information and Strategy, the Presidency encouraged Nigerians to take up farming to ensure food security. This call is reminiscent of past agricultural initiatives like ‘Operation Feed the Nation’ which aimed to make Nigeria self-sufficient in food production. The Presidency has urged Nigerians to embrace subsistence farming as a…
The Nigerian Electricity Regulatory Commission (NERC) has approved N21 billion for Distribution Companies (DisCos) to deploy meters to customers within 60 days. This move aims to bridge the significant metering gap in the Nigerian Electricity Supply Industry (NESI), which currently exceeds 7 million customers. The deployment of funds under the Meter Acquisition Fund (MAF) scheme…
The ravaging effects of insecurity in northern Nigeria are well-known and well-documented. For decades, the region has grappled with a series of existential challenges, including cattle rustling, insurgency, and banditry. While cattle rustling has been subdued and insurgency defeated in large part, the menace of banditry keeps rearing its head like a demon, leaving tales…
The Central Bank of Nigeria’s (CBN) monetary policy tightening measures have led to a decrease in the country’s monthly inflation rate for the third consecutive month. The National Bureau of Statistics reported that the month-on-month inflation figure dropped to 2.14% in May, down from 2.29% in April and 3.02% in March. This decrease suggests that…
Nigeria’s rich culture is gaining international recognition, and festivals like the popular Ojude-Oba celebration are leading the charge. Rich cultural events like the Ojude-Oba offer a unique window into Nigerian traditions, showcasing the country’s depth and beauty in a fresh and engaging way. With dazzling glitz and glam, ‘steeze’ and breeze, flamboyance, and elegance, pomp,…
The Nigerian Army has achieved a landmark in its quest to enhance its operational capabilities with the arrival of the first batch of new aircraft. This significant development marks a pivotal moment in the establishment of the Nigerian Army Aviation wing, envisioned to provide critical air support for ground operations. The newly acquired BELL UH-1H…
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…
