The President of the African Development Bank (AfDB), Sidi Ould Tah, has called for urgent reforms to unlock Africa’s estimated four trillion dollars in domestic savings. Tah made the call at the official opening of the 2026 AfDB Annual Meetings in Brazzaville, Democratic Republic of Congo on Tuesday. While outlining Africa’s financing challenges and development…
The MainPower Electricity Distribution Limited (MEDL) says it has deployed a new seamless vending and payment system, SuperEdge, in Enugu State. MEDL is a part of the Enugu Electricity Distribution Company (EEDC) covering Enugu State. The Head of Communications, MEDL, Mr. Emeka Ezeh, disclosed this to newsmen in Enugu on Monday. Ezeh said that MEDL…
The British Deputy High Commissioner in Lagos, Jonny Baxter says growing fintech collaboration between Nigeria and the UK is helping to address major challenges faced by small businesses. Baxter made the disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos. “UK-Nigeria fintech partnerships are helping to address some of the most…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to establish a specialised oil and gas bank to assist independent fuel marketers struggling under the effects of fuel subsidy removal. IPMAN National Publicity Secretary, Mr Chinedu Ukadike, made the appeal during an interview with the News Agency of Nigeria (NAN) in…
The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to stronger collaboration with the National Hydrographic Agency to improve navigational safety and maritime operations across Nigeria’s waterways. The development was announced in a statement released on Sunday by NIMASA spokesman Edward Osagie after a visit by the Hydrographer of the Nation, Olumide…
The Independent Media and Policy Initiative (IMPI) has praised the administration of President Bola Tinubu for achieving what it described as Nigeria’s highest infrastructure spending level in 25 years. In a statement released in Abuja on Sunday, the group’s chairman, Omoniyi Akinsiju, said the current administration had surpassed previous governments in annual capital expenditure. According…
The management of the Federal Capital Territory Internal Revenue Service (FCT-IRS) has reaffirmed its commitment to operational stability, staff welfare and strategic revenue growth. This is contained in a statement issued by the service in Abuja on Tuesday. The management said the statement was to clarify recent reports about planned disruptions by unauthorised external actors….
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, said that the ongoing tax reforms were designed to build a global competitive, equitable and fiscally sustainable economy. Oyedele made the statement during the 28 annual tax conference of the Chartered Institute of Taxation of Nigeria (CITN), in Abuja on Tuesday. Theme:…
The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has presented Nigeria’s Blue Economy Agenda at the Africa Forward Summit in Nairobi, Kenya, where he participated in a high-level panel discussion on the blue economy. The Special Adviser to the Minister on Media, Dr Bolaji Akinola, made this known in a statement in Lagos…
A petroleum economist, Prof. Wumi Iledare, says NNPC Ltd.’s new agreement with two Chinese firms could revive Nigeria’s troubled refinery rehabilitation efforts. Iledare, Professor Emeritus of Petroleum Economics, shared the view during an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. He described the Memorandum of Understanding (MoU) as a potentially…
