African Energy Bank moves to close continent’s $50bn energy finance gap

The African Petroleum Producers’ Organization (APPO) and the African Export-Import Bank (Afreximbank) have announced significant progress in setting up the $5 billion Africa Energy Bank, a landmark initiative aimed at tackling the continent’s...

Africa Energy Bank: Funding grows, but launch day still delayed

A “large chunk” of the funds needed to get the Africa Energy Bank started has been raised, a workshop heard ahead of the African Energy Week (AEW) which kicked off today in Cape Town, South Africa. On Monday, the African Petroleum Producers’...

Nigeria banned shea nut exports to help women profit. But it backfired

SEPT 30 – Rows of women sit low to the ground in the central Nigerian town of Bida, holding sticks that rise and fall in a steady rhythm. The air is filled with the dull thud of wood against shell – the dark sun-dried, brown exterior of the shea...

“No political party in Nigeria today is progressive.” – Aderounmu

Dr. Adebimpe Aderounmu, a development practitioner, belongs to one of the ardent progressive families in the South West. Despite not being overtly partisan, he has consistently propagated progressive ideals as practiced by the late sage, Chief...

Improved demand to drive performance of industrial sector

In an insightful discussion with Adewale Adebanja, a senior analyst at Cardinal Stone Securities, CNBC delves into the dynamics of Nigeria's industrial and oil and gas sectors for the remainder of the year. While the industrial sector,...

FMN Reaffirms Commitment To Nigeria’s Development, Africa’s Food Security At 65th Anniversary

1 As Flour Mills of Nigeria (FMN), Africa’s leading food and agro-allied centred-industry marks 65 years, the company has reaffirmed its steadfast commitment to Nigeria’s national development, food self-sufficiency and security in the country and...

How crucial is Tinubu's re-election to Nigeria's energy sector? Experts' verdict

A civil society coalition, the Alliance for Energy Stability and Economic Growth (AESEG), has urged Nigerians to support President Bola Tinubu’s re-election in 2027, arguing that continuity in leadership is essential to sustain the renewed...

AfDB Funds Nigeria’s SAPZ Expansion

The Nigerian government has successfully secured a renewed funding commitment from the African Development Bank (AfDB), which will be used to expand the second phase of the Special Agro-Industrial Processing Zones (SAPZ) programme. The initiative...

NITDA Boss Pledges Strong Commitment To Green Tech, Innovation For Nigeria’s Digital Future

1 ABUJA – Kashifu Inuwa, Director General of the National Information Technology Development Agency (NITDA), has reaffirmed the agency’s unwavering focus on advancing Nigeria’s digital economy through crucial green technology and innovation...

65th Independence Anniversary: Nigeria’s Future Lies In Unity, Sacrifice, Credible Leadership – Mark

1 ABUJA – The National Chairman of the African Democratic Congress (ADC), Senator David Mark, has described Nigeria’s 65-year journey as one of resilience in the face of daunting challenges, urging citizens not to lose faith in their ability to...

PENGASSAN, TUC after dues – Dangote; ‘no investor bigger than Nigeria’, they respond

Oil & Gas DANGOTE Petroleum Refinery has accused the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the Trade Union Congress, TUC, of prioritising union dues and personal interests over workers’ welfare, following...

FG on Nigeria @ 65: With Renewed Hope, Tinubu has removed barriers to nation’s progress – SGF 

The federal government Monday said Nigerians are already witnessing positive results from reforms initiated by President Bola Ahmed Tinubu under the Renewed Hope Agenda. Acknowledging the difficulties that come with the reforms, the government...

May Nigeria keep happening to me, says Reno Omokri

Former presidential aide, Reno Omokri, has said he wants Nigeria to “keep happening” to him, as he dismissed the use of the phrase “Nigeria happened” to describe misfortune. Omokri made the remarks in a post shared on Tuesday while reacting to...

NAFDAC lists 101 drugs that can’t be sold, imported or manufactured

NAFDAC lists 101 drugs that can’t be sold, imported or manufacturedBy Laraba MUREYIn a sweeping move, the National Agency for Food and Drug Administration and Control, NAFDAC, has listed 101 pharmaceutical products that should immediately be taken...

Morocco, Nigeria form company to develop $25 billion gas pipeline

Morocco and Nigeria have established a dedicated company to oversee the $25 billion Nigeria-Morocco Gas Pipeline project, a move aimed at accelerating construction and securing international financing. The announcement was confirmed by Amina...

MTN Group Backs Nigeria’s Call with Commitment to African Languages AI Research

MTN Group has taken up a call to action from Nigeria to support the collection of datasets of African languages. These are required to develop the continent’s own large language models (LLM) to power AI-driven solutions for Africa’s 1.5 billion...

Former Ghana High Commissioner in Abuja supports construction of footbridge  

By Daniel Agbesi Latsu Kadjebi (O/R), Sept. 30, GNA – The late Rashid Bawa, former Ghana High Commissioner in Abuja, Nigeria and Independent Member of Parliament for the Akan Constituency, has been recognised for his support for the reconstruction...

Providus-Unity: Enlarged entity positions to support Nigeria’s $1trn economy ambition

Recently, the shareholders and Boards of Directors of Providus Bank and Unity Bank at a court-ordered Extraordinary General Meeting (EGM) gave their resounding approval to proceed with the business combination of the two financial institutions....

Dangote refinery signs two-year naira crude deal with Nigeria’s national oil company after brief suspension

Temporary Suspension of Naira Sales The announcement comes days after the refinery “briefly suspended naira sales earlier this month, citing the exhaustion of its local-currency allocation, before reversing the decision following government's...

Dangote’s meeting with the oil union in Nigeria on day one hits a brick wall

A delegation from the union held a meeting with the Dangote Refinery; however, the negotiation, which was put together by the government around 4. PM on Monday was reportedly unfruitful. Mohammed Dingyadi, the Minister of Labor and Employment, and...