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The Minister of Steel Development, Prince Shuaibu Audu, has reaffirmed the Federal Government’s commitment to creating an enabling environment for the steel sector to operate effectively. Audu made this known during a courtesy visit to Gov. Babajide Sanwo-Olu of Lagos State, on Tuesday at Ikoyi. The minister promised that the Federal Government would ensure that
) The International Monetary Fund (IMF) has released it new economic outlook report, reversing Nigeria’s economic growth projections for 2025 and 2026. The April report was released on Tuesday during World Economic Outlook (WEO) at a press briefing at the ongoing IMF/World Bank 2025 Spring Meetings in Washington, D.C. The report cut the forecast for
Minister of Power, Adedayo Adelabu, announced on Thursday at the 2025 Ministerial Sectoral Update Conference that approximately 150 million Nigerians now have access to adequate electricity. However, he acknowledged that around 80 million citizens still lack reliable power sources. Adelabu highlighted that this progress is largely attributed to Nigeria’s involvement in the “Mission 300” initiative.
Only political will can achieve 24-hour port operations, says a former President of the Nigeria Association of Government Approved Freight Forwarders (NAGAFF), Dr Eugene Nweke. Nweke stated this on Thursday in Lagos during the Fifth Town Hall Meeting, organised by JournalNG. According to him, 24-hour port operations are achievable if the government issues a clear
President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has paid a courtesy visit to former President Muhammadu Buhari to express appreciation for his unwavering support during his tenure at the Bank. Adesina’s second term as AfDB President concludes in September. He said the visit was an opportunity to thank Buhari for backing his
The Pro-Chancellor of Edwin Clark University, Delta State, Prof. Oladapo Afolabi, has stressed the need for the full implementation of the University Autonomy Act for academic development. Afolabi, a former Permanent Secretary Federal Ministry of Education and former Head of Civil Service of the Federation, said this on Thursdayat the valedictory speech and book presentation
The ECOWAS Bank for Investment and Development (EBID) has appointed Dr Cassiel Forson, as the new Chairman of the bank. This is contained in a statement made available to the News Agency of Nigeria (NAN) on Wednesday in Lagos. NAN reports that the appointment was made during the bank’s 23rd Ordinary Session held on April
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, says the Tax Reform Bill will curb poverty and empower ordinary Nigerians. Oyedele made this known at the Spokespersons’ Summit, organised by the Nigerian Institute of Public Relations (NIPR) in Abuja. He expressed strong optimism about the sweeping changes the bill would bring,
The NGX market capitalisation rose by N19 billion or 0.03 per cent, ending at N65.704 trillion, up from N65.685 trillion on Monday. Similarly, the All-Share Index (ASI) added 30.40 points or 0.03 per cent to close at 104,560.02, compared to 104,529.62 previously. However, market breadth closed negative, recording 29 decliners against 25 advancers. Northern Nigeria
President Bola Tinubu, on Tuesday, commissioned work to begin on the 65km Akwa Ibom section of the Lagos-Calabar Coastal Highway. Speaking during the ceremony at Nsit Atai, Tinubu reiterated the importance of the project, saying that it would bring economic development to Akwa Ibom. Represented by the Akwa Ibom Governor, Umo Eno, Tinubu said that
