In a landmark development for Nigeria’s oil and gas sector, Oriental Energy Resources Limited has launched a $315 million Floating Production, Storage and Offloading (FPSO) vessel designed to significantly enhance the nation’s crude oil production. The FPSO vessel, with a storage capacity of one million barrels, which will kick off with an initial production of 17,000 barrels per day before …

Vice President Kashim Shettima has called on the Central Bank of Nigeria (CBN) and commercial banks to urgently address the growing concerns surrounding high and arbitrary charges imposed by Point-of-Sale (PoS) operators, which he described as an impediment to financial inclusion in Nigeria. Represented by the Special Adviser to the President on Economic matters, Dr Tope Fasua, the Shettima said …

Vice-President Kashim Shettima has projected that Nigeria’s economy will grow in “leaps and bounds” by 2025. At a retreat organised for presidential aides and heads of units in his Abuja office on Saturday, Shettima referenced the crude oil production of 1.8 million barrels per day recorded recently as part of the country’s economic improvements so far. According to the Vice President, …

The ancient city of Kano yesterday witnessed an extraordinary gathering of top serving and former Nigerian leaders, captains of industry, diplomats, business moguls and high political chieftains for the historic wedding fatiha of Aisha, daughter of the 2023 presidential candidate of the New Nigeria People’s Party (NNPP), Sen. Rabi’u Musa Kwankwaso, and Fahad, son of Katsina business mogul, Dahiru Mangal, …

Vice President Kashim Shettima; Bayelsa State Governor, Senator Douye Diri; Minister of Budget and Economic Planning, Senator Atiku Abubakar Bagudu; and Minister of Information and National Orientation, Alhaji Mohammed Idris are among distinguished figures who will lead conversation on the economy and security, as the 20th edition of All Nigeria Editors Conference (ANEC) starts in Yenagoa, the Bayelsa State capital, …

The Speaker of Borno State House of Assembly, Rt. Hon. Abdulkarim Lawan has urged the Federal Government to procure a new aircraft for Vice President Kashim Shettima, citing safety concerns due to multiple technical issues with his current designated plane. Lawan voiced concern over Shettima’s safety as he continues to represent President Bola Tinubu at international engagements, despite recent aborted …

President Bola Tinubu has mandated Vice President Kashim Shettima to lead Nigeria’s delegation to the 2024 Commonwealth Heads of Government Meeting (CHOGM). A statement on Sunday by the Senior Special Assistant to the President on Media and Communications, Stanley Nkwocha said that Shettima would join King Charles of England and other world leaders from 56 member-countries at the first CHOGM …

The foreign investment drive of the administration of President Bola Ahmed Tinubu @officialABAT got another significant boost on Thursday, as several investors from Sweden committed to investments and partnerships worth millions of dollars in Nigeria’s digital economy, health and other critical sectors. This followed Vice President Kashim Shettima’s @officialSKSM assurance to global investors at a business meeting with Swedish businesses …

President Bola Tinubu, on Friday, commiserated with the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, over the death of his daughter, Fatima. President Tinubu conveyed his condolences in a statement by his Special Adviser on Information and Strategy, Bayo Onanuga. Kyari’s daughter, Fatima, died on Friday after a protracted illness. She was 25. …

Nigeria has solicited the support of Finland in its pursuit of a permanent seat at the United Nations (UN) Security Council. Nigeria, the most populous country in Africa and world’s sixth-most populous nation, has already indicated interest in the UN’s Security Council seat, calling for reforms and expansion of the Council by some UN member countries. In a statement by …