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The Nigerian federal government has announced that the administration of President Bola Tinubu’s new policies on local value addition and a stricter licensing regime have successfully attracted over $800 million in processing projects in Nigeria’s solid minerals sector in 2023. A statement by presidential spokesperson Bayo Onanuga revealed that the sector also generated more than
The Nigerian Communications Commission (NCC) has directed telecom operators to promptly notify consumers of significant service disruptions through media platforms. The new directive mandates that affected customers receive proportional compensation, such as extensions of service validity, in line with the Consumer Code of Practice Regulations. In a statement, Nnenna Ukoha, Acting Head of Public Affairs
President Bola Tinubu on Thursday transmitted a budget proposal of N1.48 trillion for the Rivers State Government to the National Assembly for consideration and passage. The President said the budget proposal became necessary because of the nullification of the 2025 budget of the state by the Supreme Court and the fact that the state is
The Administrator of Etche Local Government Area, Dr. Onyenanchi Nwankor, has expressed strong concern over the increasing invasion of farmlands by cattle herders, the destruction of farm produce, and retaliatory attacks by herders and local residents. He made the remarks during a crucial meeting held at the Nigerian Police Divisional Headquarters in Okehi, with the
The Nigerian Exchange Ltd. (NGX) rebounded on Tuesday, reversing two days of bearish trends, with a gain of N315 billion. The NGX market capitalisation rose by N315 billion representing 0.46 per cent, closing at N68.357 trillion, up from N68.042 trillion on Monday. Similarly, the All-Share Index (ASI) increased by 501.14 points or 0.46per cent, closing
The new ticketing system newly introduced in Lagos ports is kicking dust in eastern ports, should it be introduced. Stakeholders said in Port Harcourt it has already hiked tickets in Lagos to over N400,000 and may o same in eastern ports. It is called ‘E-Call Up’ Details: The coalition of stakeholders and licensed Customs agents
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it created more than 90,160 jobs and empowered 116,661 entrepreneurs across the country in the first quarter (Q1) of 2025. Mr Charles Odii, Director-General of SMEDAN, made this known in a statement on Tuesday in Abuja, noting that the figures were contained in the
A one-day workshop has been held in Port Harcourt to review studies on mitigations to harms done to agric investments. Details:Search has begun on how to mitigate the many impacts of kidnapping and herder-farmer clashes which are said to be prominent causes of conflicts in the communities in the oil region. The conflicts are said
The Nigeria Liquefied Natural Gas (NLNG) has officially launched a new skill acquisition initiative called the Vocational, Innovation, Business and Enterprise Scheme (VIBES), aimed at promoting entrepreneurship and empowering youth within NLNG’s host communities. During the launch event, NLNG’s External Relations and Sustainable Development Manager, Dr. Sophia Horsfall, addressed attendees, highlighting that the program is
The Corporate Affairs Commission (CAC) has issued a six-week notice to all unregistered businesses, urging them to complete their registration with the Commission. In an official statement, the CAC warned that failure to comply with this directive could result in prosecution or a prison sentence. The Commission emphasized that engaging in business in Nigeria as
