The Federal Government has entered into a cooperation agreement with the International Finance Corporation (IFC) aimed at accelerating the development of bankable infrastructure projects and attracting private sector investment into key sectors of the economy. The agreement was signed in Abuja on Wednesday by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, …
Group Chief Executive Officer, Nigeria National Petroleum Company (NNPC) Limited, Bayo Ojulari, has stated that the Company is currently in talks with competent technical partners to revive the state-owned refineries. Ojulari said the focus of the NNPC management is on building sustainable and profitable refineries. He stated this during a fireside chat themed “Securing Nigeria’s …
Nigeria’s leading agro-industrial companies, Presco Plc and Okomu Oil Palm Company Plc, ended the 2025 financial year with record earnings. This underscores the resilience of the oil palm sector despite a challenging operating environment. A review of the companies’ unaudited financial statements shows that both producers delivered strong revenue and profit growth in 2025, supported …
On World Cancer Day 2026, the public interest group, Corporate Accountability and Public Participation Africa (CAPPA), urged the Nigerian government to tackle the country’s rising cancer burden by addressing gaps in the nation’s food system. According to CAPPA, cancer is no longer a distant threat in Nigeria. In fact, the National Institute for Cancer Research …
U.S. Vice President JD Vance on Wednesday proposed forming a preferential trade bloc for critical minerals, with coordinated price floors, in a bid to reduce global dependence on China for materials crucial to advanced manufacturing. This announcement follows President Donald Trump’s launch of Project Vault, a strategic stockpile of critical minerals backed by $10 billion …
Former chairman of the defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina, collapsed outside his office on Tuesday. This was confirmed in a statement by his Media Assistant, Emmanuel Nweke. Nweke said Maina lost his balance while trying to enter the office, fell on the staircase, and hit his head before losing consciousness. He attributed …
Private sector business activity in Nigeria deteriorated in January 2026, according to the latest Purchasing Managers’ Index (PMI) released by Stanbic IBTC Bank Nigeria. The report shows that the index fell sharply to 49.7 in January, down from 53.5 in December for the first time since 2014, ending a 13-month streak of expansion and signalling …
Seif al-Islam Gadhafi, the son of former Libyan leader Muammar Gadhafi, has been killed in the town of Zintan, Libyan officials confirmed on Tuesday. The exact circumstances of his death remain unclear, but local media reports say he was shot by armed men at his home. Born in June 1972, Seif al-Islam earned a PhD …
The Nigerian Senate on Tuesday failed to reach a conclusion on the proposed amendment of the Electoral Act, despite spending several hours deliberating behind closed doors. Lawmakers moved into an executive session shortly after the start of plenary to review the report of an ad hoc committee constituted to harmonise inputs from senators on the …
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has directed that Airport Road be connected to Tunga Madaki and surrounding communities in Abuja. He made this announcement during an on-the-spot assessment of the ongoing road project. Wike’s media aide, Lere Olayinka, said the minister personally inspected the new road that will link the …
