The Federal Government of Nigeria is targeting the creation of at least 20,000 jobs annually through the launch of the second phase of the Nigeria Jubilee Fellows Programme (NJFP). The NJFP, a flagship initiative of the Federal Government being coordinated by the Office of the Vice-President, is implemented by the United Nations Development Programme (UNDP)…
Three northern Nigerian states, Kano, Katsina, and Jigawa, have announced a partnership to form a tri-state electricity market. This comes as the states teamed up to acquire equity stakes in the Kano Electricity Distribution Company (KEDCO), which has Future Energies Africa as its core investor. This was disclosed in a statement by the spokesperson of…
First City Monument Bank (FCMB) has been selected as one of the Participating Financial Institutions (PFIs) for the implementation of the Community Contractors Finance Scheme, an initiative of the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with the Bank of Industry Limited (BoI). The scheme is designed to bridge the funding and skills…
President Bola Tinubu has congratulated His Royal Majesty, Oba of Benin, Ewuare II, Omo N’Oba N’Edo, Uku Akpolokpolo, on the 9th anniversary of his ascension to the throne. The President, in a statement by his spokesman, Bayo Onanuga, expressed his participation with the government and people of Edo State, the traditional council, and family members…
THE Federal Government has reversed its decision on English Language and Mathematics, saying they remain compulsory subjects for all students at the O’Level. This is contained in a statement made available to newsmen in Abuja on Sunday by the Director, Press and Public Relations, Federal Ministry of Education, Folasade Boriowo. Boriowo said the clarification was…
Nigeria’s ongoing economic reforms have attracted over $8 billion in new investments into the energy sector, reflecting growing international confidence in the country’s reform-driven growth agenda. Ministry of Finance disclosed this in a statement on Saturday on the happenings at the ongoing IMF/World Bank meetings in Washington DC. According to the statement, Governor of the…
The Federal Government, through the Federal Accounts Allocation Committee, has extended the ongoing probe and reconciliation of payments made by revenue-generating agencies, including the Nigerian National Petroleum Company Limited, to December 2024, following unresolved discrepancies in remittances. This comes as the company has submitted its response on an alleged revenue under remittance of $42.37bn, an…
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has projected an increase of approximately 600,000 barrels per day in Nigeria’s crude oil production, driven by a surge in new investments in the upstream sector. It stated that the additional output would come from the 28 Field Development Plans approved so far in 2025,…
October 17, 2025085 The EVP NNPCL, and Chevron leadership team members in a group photograph at Escravos Chevron Nigeria Limited (CNL), on Tuesday October 14, 2025, welcomed the Executive Vice President (EVP) Upstream, of the Nigerian National Petroleum Company Limited, Udobong Ntia to its Escravos operations base for an official visit that underscored the strategic…
Dangote Refinery’s retail price of Premium Motor Spirit, PMS, known as petrol, has risen to N950 per litre at MRS filling stations in Abuja. This increase comes despite the refinery’s 650,000-barrel-per-day capacity, the nationwide Compressed Natural Gas, CNG truck distribution scheme, and the Naira for Crude initiative between the oil firm and the Nigerian government….
