The Federal Government has taken a major step to support youth innovation by awarding ₦50 million. Each to 45 outstanding students as startup funding under the Student Venture Capital Grant initiative. The beneficiaries selected from a pool of 65 finalists drawn from both public and private tertiary institutions across Nigeria. Marking one of the largest…
By ALO360 Editorial board President Bola Tinubu should relieve Adebayo Adelabu of his position as minister of power. This is no longer a matter of political convenience; it is a question of national survival. The power sector sits at the heart of any functioning economy, and Nigeria’s continued failure in this area reflects a deep…
President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to fiscal stability and economic growth. Pointing to a 400% oversubscription of Nigeria’s recent Eurobond as a key sign of renewed investor confidence. The massive demand for the Eurobond suggests that global investors are increasingly optimistic. About Nigeria’s economic reforms, despite recent fiscal challenges. New 1,600MW…
A new report has revealed that Herbert Wigwe, the late Group CEO of Access Holdings Plc, linked to ownership of 106 properties in London. The findings place him 7th on a list of billionaire homeowners in the city. Thus highlighting the scale of his real estate footprint in one of the world’s most expensive property…
The Federal Government has introduced a major reform in tertiary education. With the launch of the Entrepreneurship, Innovation and Business Incubation Certification (EIBIC) programme. Unveiled by the Minister of Education, Olatunji Alausa, the initiative will require students in selected universities to graduate with an additional entrepreneurship certification alongside their academic degrees. According to the government,…
The Central Bank of Nigeria has signaled a gradual economic comeback, pointing to a sharp drop in inflation and renewed investor confidence. According to Sidi Hakama, Nigeria’s headline inflation fell from 34.8% in late 2024 to 15.06% by February 2026 — a major improvement attributed to ongoing monetary reforms. She noted that the policies introduced…
Nigeria’s power sector tensions have escalated as the Federal Government and electricity generating companies (GenCos) clash over outstanding debts. The Minister of Power, Adebayo Adelabu, revealed that the government’s verified liabilities may be closer to ₦4 trillion. Significantly lower than the ₦6.3 trillion figure widely reported by industry stakeholders. This disagreement highlights ongoing issues around…
President Bola Tinubu has assured Nigerians that his administration will improve electricity supply across the country. Tinubu gave the assurance on Friday in a keynote speech at the All Progressives Congress (APC) national convention in Abuja. He acknowledged the persistent power challenges and said the government is taking steps to address them. “Many of you…
Representatives from three Akwa Ibom communities filed a lawsuit seeking N54 billion in damages against Mobil Producing Nigeria Unlimited, now known as Seplat Energy Producing Nigeria Unlimited (SEPNU). The plaintiffs, who represented Barracks, Nditia, and Okposo 2 communities, alleged that an oil spill in 2014 caused severe environmental damage to their lands and waterways. They…
The Federal Government is urging state governments to quickly sign onto a $500 million programme backed by the World Bank. The initiative, known as the HOPE Programme, is designed to drive improvements in education, healthcare, and governance across Nigeria. What is the HOPE Programme? The HOPE (Human Capital Opportunities for Prosperity and Equity) programme is…
