The Federal Government is set to reform Nigeria’s land administration system to unlock an estimated $300 billion in untapped capital, the Minister of Housing and Urban Development, Mr. Ahmed Dangiwa, has said. Speaking at the 30th Conference of Directors of Lands in Federal and State MDAs, themed “Nigeria Land Titling, Registration and Documentation Programme (NLTRDP):…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion for 2024, marking a 64 per cent increase from the N3.3 trillion PAT recorded in 2023. Mr Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd., disclosed the results on Monday…
United Nigeria Airlines (UNA) has announced the launch of direct flights from Lagos and Abuja to Gen. Tunde Idiagbon International Airport, Ilorin, starting 5 December. The airline made the disclosure on Monday in a statement signed by its Public Relations Officer, Chibuike Uloka, in Lagos. He said the new route reflects UNA’s commitment to enhancing…
The Minister of Regional Development, Abubakar Momoh, has described the economic reforms introduced by President Bola Tinubu as courageous steps aimed at securing Nigeria’s future and delivering shared prosperity. Momoh made the remarks on Monday while delivering the 55th Founder’s Day Lecture of the University of Benin (UNIBEN) on the theme, “Reforms for a Shared…
The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.094 trillion as revenue for the month of October to the Federal Government, states and Local Government Councils (LGCs). The allocation was announced at the FAAC meeting for November held on Wednesday in Abuja, according to a communiqué issued by the Office of…
The National Pension Commission (PenCom) has urged state governments to fully implement the Contributory Pension Scheme (CPS), stressing that the success of pension reforms depends on adoption at the sub-national level. Ms. Omolola Oloworaran, Director-General of PenCom, made the call on Wednesday in Benin during the Second Run of the 2025 Consultative Forum for States…
The InnoPower Africa Foundation has partnered with the ECOWAS Small Business Coalition (ESBC) to launch a Capacity Building and Training (CB&T) programme for Micro, Small, and Medium Enterprises (MSMEs) across West Africa. Founder of InnoPower Africa, Mr. Remy Chukwunyere, said the initiative aims to accelerate digital transformation and enhance the competitiveness of MSMEs in all…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has lauded the Monetary Policy Department (MPD) for its significant contributions to the bank’s achievements over the years. Cardoso spoke on Tuesday in Abuja during the MPD’s 20th Anniversary Colloquium, themed “Monetary Policy in Nigeria: Past, Present and Future”. He was represented by…
Vice-President Kashim Shettima has called on automotive manufacturers in Nigeria to increase production capacity for Compressed Natural Gas (CNG)-powered and electric vehicles in order to meet rising national demand. Shettima, represented by the Minister of Innovation, Science and Technology, Dr Kingsley Udeh, made the appeal on Tuesday in Abuja while declaring open the 25th Abuja…
TotalEnergies has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for ensuring a transparent 2024 mini-bid round and has expressed interest in the forthcoming 2025 Licensing Round slated to commence on December 1. The commendation came during a courtesy visit to the Commission Chief Executive, Mr. Gbenga Komolafe, by a high-level delegation from TotalEnergies led…
