Category: Business
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FEC APPROVES $125M ISLAMIC BANK LOAN TO BOOST ABIA’S INFRASTRUCTURE DRIVE
The Federal Executive Council has approved a $125 million Islamic Development Bank (IsDB) loan for Abia State’s Integrated Infrastructure Development Project, a key part of a $263.8 million co-financing plan including funds from AfDB and Canada–Africa Development Bank. The project will upgrade over 160km of roads in Aba and Umuahia, tackle erosion issues, and create…
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LAGOS LAUNCHES PPP PILOT TO BOOST WATER SUPPLY WITH INNOVATION AND INVESTMENT
Lagos State is kickstarting a pilot Public-Private Partnership (PPP) initiative to revolutionise water delivery, tackling rising demand from urban growth with tech-driven, sustainable solutions. The two-day stakeholder meeting, supported by WaterAid Nigeria, highlights the state’s commitment to expanding infrastructure, improving efficiency, and ensuring uninterrupted access to clean water for all Lagosians. LWC’s MD Mukhtaar Tijani…
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FG LAUNCHES ₦10M INTEREST-FREE LOAN TO BOOST TERTIARY STAFF WELFARE AND CAREER GROWTH
The Federal Government unveils the ₦10 million Tertiary Institutions Staff Support Fund (TISSF), an interest-free loan scheme aimed at improving welfare, career development, and financial stability for academic and non-academic staff across Nigerian tertiary institutions. Minister of Education Dr. Tunji Alausa calls it a strategic empowerment platform under President Tinubu’s Renewed Hope Reform Agenda, designed…
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ENUGU GOV LAUNCHES 100 CNG BUSES, PROMISES 20,000 JOBS AND ECONOMIC BOOST
Governor Peter Mbah of Enugu State has unveiled 100 modern Compressed Natural Gas (CNG) buses and five new bus terminals, pledging to create at least 20,000 jobs and drive the state’s GDP toward $30 billion in six years. The new transport system promises affordable, accessible, and seamless travel, supporting schools, markets, and major routes while…
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OVER 15,000 HERDERS FLEE NIGERIA AMID RISING INSECURITY – MIYETTI ALLAH
Worsening insecurity has forced over 15,000 Nigerian herders and families to flee to neighbouring countries, the Miyetti Allah Cattle Breeders Association (MACBAN) revealed during the inauguration of Kwara State’s new MACBAN chairman. National president Alhaji Baba Usman Ngelzarma highlighted that Fulani pastoralists are among the worst hit by banditry, kidnapping, and cattle rustling, with over…
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FEC APPROVES MAJOR FUNDING TO UPGRADE NATIONAL POWER INFRASTRUCTURE
The Federal Executive Council (FEC) has green lit significant funding to modernise Nigeria’s power infrastructure, aiming to boost electricity supply and fuel industrial growth. Minister of Power Adebayo Adelabu announced approval of four key projects, including a N13 billion compensation payout for the Lagos Transmission Industrial Project backed by a $238 million JICA loan. This…
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PRESIDENT TINUBU SET TO VISIT JAPAN AND BRAZIL FOR KEY SUMMITS AND BILATERAL TALKS
President Bola Tinubu leaves Abuja Thursday for official visits to Japan and Brazil, with a brief stop in Dubai. In Japan, he’ll attend TICAD9 in Yokohama from August 20-22, focusing on Africa’s economic transformation, private investment, and sustainable development. He’ll engage world leaders and Japanese CEOs invested or interested in Nigeria. Next, Tinubu heads to…
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NCC AND ONSA PEACEFULLY RESOLVE NOGASA STRIKE THREAT, SAVE TELECOM NETWORKS
A looming strike by the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), which threatened to cut diesel supplies to telecom sites nationwide and cause a major communication blackout, has been successfully halted thanks to swift intervention by the Nigerian Communications Commission (NCC) and the Office of the National Security Adviser (ONSA). Under NSA…
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IOM AND MISSION 89 LAUNCH CAMPAIGN TO END CHILD TRAFFICKING IN SPORTS
The International Organisation for Migration (IOM) has teamed up with Mission 89 to launch “The Line We Don’t Cross,” a global campaign tackling the growing problem of child trafficking disguised as sports opportunities. IOM’s Ugochi Daniels stresses, “No child should be trafficked under the guise of sport.” The campaign exposes how traffickers prey on young…
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FUEL CONSUMPTION DROPS TO 1.44 BILLION LITRES IN JUNE, NMDPRA REPORTS
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reports a 16.4% drop in fuel consumption for June 2025, with total evacuation falling to about 1.44 billion litres. Despite a slight 1.7% rise in diesel supply, overall distribution—including diesel truck-out, household kerosene, and automotive gasoline—declined sharply. Gasoline supply took the biggest hit, dropping nearly 48%…
