Chairman of the Nigeria–Türkiye Business Council (NTBC), Dele Kelvin Oye, has urged Turkish investors to leverage Nigeria’s $255 billion market size to expand their industrial and business footprint. He also urged the investors to take advantage of Nigeria's ongoing economic reforms and strategic access to the African Continental Free Trade Area (AfCFTA). He made the …
The Federal Government says it could save about ₦5.06 trillion annually by cutting down on the importation of defence equipment, as it steps up efforts to promote local manufacturing in the sector. The Minister of State for Defence, Bello Mohamed Matawalle, disclosed this on Thursday in Abuja during the unveiling of the X-Shield Light Tactical …
The Nigeria Civil Aviation Authority (NCAA) has summoned Overland Airline over allegations of exploiting customers through costly flight tickets, particularly along the Lagos-Abuja-Ilorin route. Director of Consumer Protection at the NCAA, Michael Achimugu, disclosed on his verified X handle that the agency met with Overland to hear its side. The airline argued that aviation taxes …
British prosecutors have accused Diezani Alison-Madueke, Nigeria’s former minister of petroleum resources, of accepting bribes in the form of luxury goods and the use of high-end properties from industry figures seeking oil contracts. The allegations were presented on Tuesday at the Southwark crown court in London as Diezani ’s trial continued. She is standing trial …
Reno Omokri, ambassador-designate, says Omoyele Sowore, publisher of Sahara Reporters, cannot rely on past statements he made about President Bola Tinubu as a defence in his ongoing cybercrime trial. Sowore is standing trial on a two-count charge filed against him by the Department of State Services (DSS), arising from an August 25 post on X …
The Former Governor of Kano State and leader of the Kwankwasiyya Movement, Senator Rabiu Musa Kwankwaso, has said Kano State Governor Abba Kabir Yusuf and his political associates will regret their decision to leave the party. Kwankwaso made the statement in an interview with the BBC Hausa Service and monitored by Vanguard in Kaduna on …
The Central Bank of Nigeria (CBN) has approved the temporary use of expired National Agency for Food and Drug Administration and Control (NAFDAC) licences for import documentation. In a circular issued on Tuesday and signed by the Director of the Trade and Exchange Department, Aliyu Ashiru, the apex bank asked authorised dealer banks to continue …
The Federal Government has launched a project to include 14 million smallholder farmers in the cassava bioethanol value chain. The aim is to cut fuel import costs and strengthen Nigeria’s bioeconomy. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the project in a statement signed by the ministry’s Director of Information and …
Twenty-four hours after Nigeria’s national grid collapsed, power generation has rebounded, reaching 4,410 megawatts (MW) as of Saturday evening, checks by Pinnacle Daily reveal. Pinnacle Daily reports that as of 5:00 pm on Saturday, January 24, power generation has recovered, reaching 4,410.54 megawatts (MW). According to the Nigerian Independent System Operator (NISO) GRID performance dashboard, …
The minority caucus of the House of Representatives says it has found “illegal” changes in the published copies of the tax reform laws. In a statement on Friday, Afam Ogene, who heads a seven-member committee set up to investigate the issue, reportedly said a review of the laws showed that different versions are circulating. Ogene …
