By Mary Odoma There seems to be a huge partition between Nigerian industrialist Alhaji Aliko Dangote and other Nigerian economy drivers. His visionary gait and purposefulness are fixated on recreating the essentials required to prop up the depleting economic fortune of Nigeria amidst contending voices. Since 1977, when he ventured into business, trading in agricultural […]
Category archives: News
Group Commends Matawalle on the Revival of DICON
Says: “Nigeria will save millions in Foreign Exchange spent on ammunition purchases.” The revitalization of the Defence Industries Corporation of Nigeria (DICON) represents a pivotal advancement for Nigeria’s security landscape, with the potential of saving the nation significant amounts of foreign exchange previously spent on procuring ammunition from abroad, according to the Arewa Youth Awareness […]
Moghalu Criticizes CBN’s Direct Funding of SMEs and MSMEs, Advocates for Microfinance Channel
Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has voiced his concerns over the CBN’s direct involvement in funding Small and Medium Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs). In a statement shared on Saturday via his official X handle, Moghalu argued that such funding should be routed through […]
Kano Court Bars EFCC and Police from Arresting Governor’s Chief of Staff Over Alleged Palliatives Diversion
A Kano State High Court, led by Justice Aisha Yau, has issued an order restraining the Economic and Financial Crimes Commission (EFCC) and the Nigeria Police from arresting or detaining Shehu Wada Sagagi, the Chief of Staff to the Kano State Governor. The court also prohibited any form of harassment, intimidation, or molestation of Sagagi […]
President Tinubu Returns to Nigeria After Successful Equatorial Guinea Visit, Signs Major Gulf of Guinea Pipeline Agreement
President Bola Tinubu has returned to Nigeria after concluding a significant three-day official visit to Equatorial Guinea. The President’s Gulfstream jet landed at the Nnamdi Azikiwe International
Appeal Court Overturns Ban on PDP Leaders’ Participation in Party Meetings
On August 16, 2024, at 12:37 PM, by Enioluwa Adeniyi The Court of Appeal in Abuja has overturned the orders issued by Justice Inyang Ekwo of the Federal High Court, which had barred three prominent members of the Peoples Democratic Party (PDP) from attending the party’s National Executive Committee (NEC) meetings. The PDP leaders affected […]
Delays in Crude Supply to Dangote Refinery Threaten Nigeria’s Economic Stability, EIU Warns
The Economist Intelligence Unit (EIU) has raised concerns that ongoing delays in crude oil supply to the Dangote Petroleum Refinery and Petrochemicals could undermine Nigeria’s economic recovery and exacerbate pressure on the naira. According to the EIU, the $20 billion refinery, which commenced production in January, has faced significant setbacks in petrol production due to […]
Top Industry Leaders to Address Key Issues at 4th CHINET Conference in Lagos
The 4th CHINET Conference, scheduled for August 22, 2024, in Lagos, will bring together leading figures from the insurance, cargo, and aviation industries. Among the confirmed participants are Mr. Olusegun Omosehin, Commissioner of the National Insurance Commission (NAICOM), Chief Babajide Olatunde-Agbeja, and Mr. Eddie Efekoha, along with other prominent industry experts. This one-day conference will […]
Fuel Prices Near ₦1,000 per Litre as Scarcity Worsens Across Nigerian States
Nigerians are facing growing concerns as the price of petrol approaches ₦1,000 per litre in several states, including the Federal Capital Territory (FCT) Abuja. The erratic supply of Premium Motor Spirit (PMS) has led to widespread fuel shortages, with many filling stations across the country unable to provide the product. In Abuja, some independent petrol […]
NEMA Reports Severe Flooding Across 27 States: Over 32,000 Homes Damaged, Nearly 230,000 Displaced
The National Emergency Management Agency (NEMA) has reported that recent flooding has affected 27 states in Nigeria, displacing 227,494 individuals and damaging 32,837 homes. Additionally, 16,488 hectares of farmland have been impacted. NEMA’s Director-General, Zubaida Umar, announced that the agency is intensifying public awareness on waste management and drainage maintenance to mitigate future flooding. She […]