Nigeria has officially signed the Host Country Agreement to stage the Intra-African Trade Fair 2027 (IATF 2027). Thus setting the stage for one of Africa’s largest trade and investment gatherings to take place in Lagos from 5–11 November 2027. The landmark agreement positions Nigeria as the host nation for the major continental event. That’s aimed…
Legendary Nollywood actor, Pete Edochie has decried inadequate supply of public electricity in the country, revealing he spends N40,000 everyday to provide power in his house. Giving a breakdown of his daily expenses on power, he said “I spend about ₦10,000 every day buying electricity units. Then I spend ₦20,000 on diesel to power the generator…
The Anambra State Government on Thursday announced its recovery of a substantial number of oil wells belonging to the state but were initially attributed to Delta State. The Managing Director of the Anambra State Solid Mineral Development Company and Chairman of Anambra State Petroleum Energy Resources Limited, Prof Charles Ofoegbu, disclosed this in Awka during…
Africa’s largest refinery, the Dangote Refinery, has issued fresh tenders. To sell about 84,000 tons of jet fuel and gasoil (diesel) for loading in March. Signaling that the facility is ramping up operations and strengthening its presence in both domestic and global fuel markets. According to industry sources, the move reflects the refinery’s growing production…
The Federal Executive Council (FEC) has approved a new gratuity package for retiring federal civil servants. Marking a significant enhancement to their exit benefits. This decision was made during a recent FEC meeting in Abuja, based on recommendations from an inter-ministerial technical committee. The committee, led by the Office of the Head of the Civil…
Crude oil prices climbed sharply on Thursday, reaching nearly $84 per barrel—the highest level this year. This figure surpasses Nigeria’s 2026 budget benchmark of $64.85 per barrel. According to Bloomberg, Brent crude, the global oil benchmark, rose by 12% in the first three days of the week. Meanwhile, West Texas Intermediate (WTI) hovered near $78…
The Central Bank of Nigeria (CBN) has announced that its gold reserves have grown to $3.5 billion. This increase follows the acquisition of newly refined gold that meets the London Bullion Market Association (LBMA) Good Delivery standards. However, In a statement on Wednesday, March 4. The CBN revealed that the gold was sourced locally through…
President Bola Ahmed Tinubu has ordered the suspension of the cashless toll payment system at airport gates across the country. Festus Keyamo, minister of aviation and aerospace development, announced the directive on Wednesday. He spoke during a media briefing after the Federal Executive Council (FEC) meeting in Abuja. Keyamo said the system, introduced less than…
The federal government says it will launch the National Single Window (NSW) on March 27. NSW is a digital platform designed to speed up import and export clearance in Nigeria. Bayo Onanuga, special adviser to Bola Ahmed Tinubu on information and strategy, disclosed this on Wednesday. He spoke to journalists at the end of the…
Vice-President Kashim Shettima says critics of the federal government’s tax reforms are “far from the truth”. Shettima spoke on Wednesday in Abuja at an interfaith breaking of fast for Ramadan and Lent held at the State House. He represented President Bola Tinubu at the event. The vice-president said the government designed the tax reforms to…
