The Federal Government has ruled out a return to fuel subsidy and multiple foreign exchange rates, insisting it will not reverse economic reforms introduced under President Bola Tinubu. The Minister…
Category: Business
FG announces 30-day discount on petrol amid subsidy debate
The Federal Government has announced plans to offer Nigerians cheaper petrol for 30 days through a discount at filling stations operated by the Nigerian National Petroleum Company Limited (NNPCL),…
Tinubu Signs Appropriation (Amendment) (No.4) Bill, 2025, Extends Implementation to December 31, 2026
President Bola Ahmed Tinubu has signed into law the Appropriation (Amendment) (No.4) Bill, 2025, extending the implementation period of the 2025 budget from September 30, 2026 to December 31,…
NNPC Declares N7.2trn Profit, N5.8trn Dividend
Eniola Yekini Following its Annual General Meeting and second Earnings Call with financial and business analysts, the NNPC Limited has announced audited results for the year ended 31 December 2025,…
Ogun Deep Seaport, Blue Marine Zone Set to Attract $7bn Investment, Create 50,000 Jobs
Olawunmi Ajibike The proposed Gateway Deep Sea Port and the Ogun State Blue Marine Special Economic Zone are expected to attract more than $7 billion in investment, create over…
Nigeria, Saudi Arabia intensify collaboration in agriculture, energy, others
The Minister of Information and National Orientation, Mohammed Idris, has said Nigeria and Saudi Arabia are deepening their relationship beyond traditional ties, with greater cooperation in agriculture, energy, investment,…
Lagos Governor advocates increased capital for women-led businesses
Eniola Yekini Lagos State Governor, Mr. Babajide Sanwo-Olu, has called for increased capital and coordinated support from government, financial institutions, private equity firms and development partners to bridge the…
Tinubu doesn’t have power to reduce or increase the price of petrol – Minister Lokpobiri
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the Federal Government lacks the power to directly reduce or increase the price of petrol because the downstream…
Tinubu’s Reforms Unlock 50-Year-Old Ima Gas Field as AMNI, TotalEnergies Take $800m FID
President Bola Ahmed Tinubu has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project — a field discovered in 1973 but left undeveloped for over 50…
Sekro Horsfall Receives PANDEF Chairman, Amb. Igali, Ijaw Elders on Condolence Visit to Late NIA Pioneer DG’s Family
Adewumi Ademiju Sequel to the condolences visit to the family of late Horsefall by PANDEF, led by Amb. Igalli, the first son of the deceased pioneer DG of NIA spoke…