Wale Edun, minister of finance, has announced plans for the federal government to issue $1.7 billion Eurobond as part of an external borrowing plan to strengthen the country’s finances and support economic reforms. He disclosed this to State House correspondents on Thursday after the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu

Mining of Minerals FG Seeks Control of States’ Mining Sites with ‘Gold Reform Bill’ The Federal Government has sought to acquire all lands with deposits of gold from State governments and private individuals. The bill, titled ‘Gold Reform Bill’, sponsored by Senator Natasha Akpoti-Uduaghan, has since passed a Second Reading although its public hearing has

FEC Meeting Presided Over by President Bola Tinubu FEC Approves $2.2bn External Borrowing Plan The Federal Executive Council on Thursday approved a $2.2bn external borrowing plan. This is part of the Federal Government’s external borrowing programme for the 2024 Appropriation Act, the Finance Minister, Mr Wale Edun, told State House Correspondents after the Federal Executive

NNPCL Denies Halting Petrol Imports The Nigerian National Petroleum Company Limited (NNPCL) has described a news report that it has ended the importation of refined petroleum products and is now sourcing from the Dangote Petroleum Refinery and other local refineries as a misrepresentation and misinterpretation of fact. A newspaper had on Tuesday, credited NNPCL’s Group

Crude Oil Prices rise Oil Revenue may Reach N6.9tn Monthly as Production Rises The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the

FEC Meeting Presided Over by President Bola Tinubu The Federal Executive Council has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu. This

By Samaila Emmanuel Bzugu NAFDAC and ndlea_nigeria have formalised collaboration with a Memorandum of Understanding (MoU) to enhance operational synergy. The DG, NAFDAC Prof. Mojisola Adeyeye, highlighted that after six years of effort, the agreement will bolster regulatory and control measures to combat drug misuse and safeguard public health. Prof. Adeyeye underscored the importance of

By Samaila Emmanuel Bzugu Atiku Abubakar, a prominent Nigerian leader, has announced that the Ohanaze Ndibo Youth Worldwide, led by President Ogbonnia Wenceslans, paid him a courtesy visit at his Abuja residence yesterday. This visit highlights the organization’s efforts to build relationships with key national figures. The Ohanaze Ndibo Youth Worldwide is an Igbo youth

By Samaila Emmanuel Bzugu The Nigerian National Petroleum Company Limited (NNPCL) has achieved a significant milestone, reaching 1.8 million barrels per day in crude oil production. This remarkable feat is a testament to the company’s efforts to boost Nigeria’s oil output. NNPCL is now poised to reach three million barrels of crude oil production per

By Samaila Emmanuel Bzugu Governor Monday Okpebholo of Edo State shared a peculiar experience he had just before being announced the winner of the September 21 governorship election, describing how he found a dead bat on his bed. During a thanksgiving service following his swearing-in, held Wednesday night at the Dr. Samuel Ogbemudia Stadium in

Engr Simbi Kesiye Wabote Executive Secretary NCDMB The Economic and Financial Crimes Commission (EFCC) has arrested Timber Kesiye Wabote, the former Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB), in connection with an alleged $35 million fraud linked to the failed Brass Project. Wabote, who served as the head of the NCDMB

By Sahid Umar In a momentous occasion for social development in Nigeria, the Adamawa Initiative for Underprivileged Empowerment (ADIFUE), a Yola-based NGO, made its mark at the 2024 International Monetary Fund (IMF) and World Bank Group Annual Meetings from October 21 to 26 in Washington, D.C. Led by Executive Director/CEO Alhaji Saidu Njobdi Komsiri, ADIFUE