The Federal Government has signed a $328.8 million contract with Chinese firm, China Machinery Engineering Corporation (CMEC), to rehabilitate and expand Nigeria’s electricity transmission network under Phase 1 of the Presidential Power Initiative (PPI). The agreement covers Engineering, Procurement, Construction,…
The cryptocurrency market surged above $ 82,000 on Thursday after U.S. President Donald Trump announced a temporary 90-day pause on tariffs for the majority of trading partners, excluding China. The cryptocurrency market resumed optimism after tariff fears caused tension among…
The US dollar plunged against the euro and other main rivals again on Thursday after President Donald Trump abruptly paused higher tariffs on all countries except China, adding to investor uncertainty. The greenback lost over one percent against the European…
Oyo State Governor, Seyi Makinde, has expressed the state’s readiness to partner with the United States in exploring investment opportunities in solid minerals development, agribusiness, education, energy, and other critical sectors. The governor made this known on Wednesday during a…
The Independent National Electoral Commission (INEC) says it has not taken a final decision on the delineation of wards in the Warri Federal Constituency. There was a protest at the headquarters of INEC in Abuja on Wednesday, with some members…
The administration of President Donald Trump has ordered migrants who entered the United States under the Biden-era CBP One app system to leave the country without delay. This directive follows the formal termination of the CBP One app which had…
The Julius Abure-led Labour Party has insisted that there is no leadership vacuum in the party following a recent Supreme Court judgement on the party’s national chairmanship position. In a statement released by the National Publicity Secretary, Obiora Ifoh, on…
Sahara Group, in collaboration with the Federal Government, is exploring the establishment of a National Data Park and Computer Infrastructure at Egbin Power, Africa’s largest privately-run thermal power plant. Sahara Group’s collaboration with the Federal Government will be driven by…
The Federal Government says its naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”. The government also said the initiative is still in effect and will continue immediately,…
Eleven Governors of the People’s Democratic Party (PDP) have approached the Supreme Court challenging what powers the president has to suspend the democratically elected Governor of Rivers State, Siminalayi Fubara. The suit filed by the governors also challenged the declaration…
The Nigerian economy shows signs of growth, as the Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year. The development marks a decisive turnaround from deficits of $3.34…
The Labour Party is currently holding its National Executive Council meeting in Abuja, the nation’s capital. The meeting comes amid the controversy over the recent Supreme Court judgement on the national chairmanship position for the Labour Party. It is being…
Amazon has made a last-minute bid to buy TikTok, which faces a US ban if not sold by its Chinese owner, the New York Times reported on Wednesday. The offer arrived in a letter to officials involved in talks regarding…
The governor of Anambra State, Professor Chukwuma Soludo, has been nominated as the flagbearer of his party, the All Progressives Grand Alliance (APGA) for the November 8, 2025 governorship election in the state. The incumbent, who was returned unopposed, polled…
Senator Ali Ndume has criticized President Bola Tinubu for allegedly neglecting the principle of federal character in recent political appointments. The Borno South lawmaker argued that the appointments do not reflect the inclusive structure mandated by Section 14(3) of the…