President Bola Tinubu has secured an investment of $600 million from Danish shipping and logistics company, A.P Moller-Maersk, to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports. Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, disclosed the decision during a meeting with President Tinubu on the sidelines of the World Economic Forum Special Meeting on …

President Bola Tinubu has said collaboration and inclusiveness are invaluable to achieving global food security, addressing collective challenges, and driving innovation across a chain of interests for a more stable and prosperous world. During a high-level panel session at the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia, on Sunday, President …

In furtherance of efforts to sanitise the mining sector, the Federal Government has revoked 924 dormant licenses spanning exploration, mining, small-scale mining, and quarrying licences At a press conference on Wednesday, the Minister of Solid Minerals Development, Dr. Dele Alake said that, in line with constitutional provisions, adequate notice was given to all concerned parties through the official Gazette of …

The Federation Account Allocation Committee (FAAC) has disbursed N1.123trillion to the federal, state, and local governments for March 2024. The allocation, derived from a gross total of N1.867 trillion, marks a critical distribution of funds aimed at supporting various government tiers. This was revealed in a statement signed by the Director of Information and Public Relations, Ministry of Finance, Mohammed …

The Minister of Solid Minerals Development, Dr. Dele Alake has backed plans by the Oyo State Government to obtain mining licences. Reiterating the Ministry’s support for sub-national entities in the country to develop the sector, the Minister emphasised that cooperation with states will develop the mining industry value-chain and promote value addition for maximum beneficiation to host communities. In his …

President Bola Tinubu has made appointments into the Board of the Securities and Exchange Commission (SEC). Mr. Mairiga Aliyu Katuka  has been named the Chairman, while Mr. Emomotimi Agama is the Director-General. Others are: Frana Chukwuogor (Executive Commissioner, Legal and Enforcement), Mr. Bola Ajomale (Executive Commissioner, Operations), Mrs. Samiya Hassan Usman (Executive Commissioner, Corporate Services), Mr. Lekan Belo (Non-Executive Commissioner), and Mr. Kasimu Garba Kurfi (Non-Executive …

The Nigerian Navy has been described as a strategic enabler to poverty eradication especially through the enormous potentials of the blue economy. At the launch of two high endurance offshore patrol vessels in Turkey, the First Lady said that the 76 meters high vessels are a testament to the commitment of the Tinubu administration to a more secure maritime environment …

The International Monetary Fund (IMF) has projected a 23 per cent inflation rate for Nigeria in 2025 and a further drop to 18 per cent in 2026. In its Global Economic Outlook released yesterday at the ongoing IMF/World Bank Spring Meetings in Washington D.C, Division Chief, IMF Research Department, Daniel Leigh, said Nigeria is moving in the right direction with economic reforms …

President Bola Tinubu on Tuesday launched the National Single Window initiative, a transformative project that will propel the nation’s economy to new heights. According to his spokesperson, Chief Ajuri Ngelale, the initiative is another bold testament to the President’s commitment to breaking long-standing developmental barriers in advancing the progress, prosperity, and well-being of every Nigerian. At the launch of the …

FG SUSPENDS MINING ACTIVITIES WITHIN OAU AND ITS ENVIRONS Pending the conclusion of investigations into suspected illegal mining around the Obafemi Awolowo University (OAU) and Obafemi Awolowo University Teaching Hospitals Complex (OAUTHC) Ile-Ife, Osun State, the Federal Government has announced the indefinite suspension of mining activities within the academic institutions, and their environs. After a meeting with OAU Vice-Chancellor, Prof. …