Author: Ifetayo Adeniyi

Tinubu, Ghana’s President Mahama in Aso Rock Tinubu, Ghana’s President Mahama in Aso Rock President Bola Tinubu on Thursday welcomed his Ghanaian counterpart, John Mahama, at his official residence in the State House, Abuja. Mahama’s visit to Nigeria is his first official visit since his inauguration on January 7, 2025. Both leaders are expected to focus on strengthening diplomatic ties between Nigeria and Ghana in areas of cooperation in trade and security and discussing key regional issues within the Economic Community of West African States. Shortly after winning the presidential election in December 2024, Tinubu visited Mahama in Accra to…

NNPCL ready to sell shares NNPCL is ready to sell shares.  The Nigerian National Petroleum Company Limited has revealed that it is now in the final stages of preparing for its highly anticipated listing on the capital market, by the provisions of the Petroleum Industry Act 2021. The NNPCL Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, made the announcement in a statement released on Thursday in Abuja. Soneye said the Company’s Chief Finance and Investor Relations Officer, Mr Olugbenga Oluwaniyi, hinted at the development during a consultative meeting with partners at the NNPC headquarters. He said NNPC Ltd was…

Air Peace, with Milestone Achievements, Celebrates One Year of Lagos-London Operations Air Peace, with Milestone Achievements, Celebrates One Year of Lagos-London Operations Air Peace has continued to set the pace and revolutionize aviation business in Africa. The airline, which is arguably Nigeria’s leading airline, and West and Central African’s largest carrier proudly marks the first anniversary of its Lagos-London route, reflecting on a year of exceptional service, strategic partnerships, and significant contributions to the Nigerian aviation industry. This milestone not only marked the airline’s expansion into the European market but also signified a monumental achievement for Nigerian aviation. One year…

Remo Indigenes Submit Memorandum To OGD, National Assembly, Ask For State Creation Remo Indigenes Submit Memorandum To OGD, National Assembly, Ask For State Creation * Akarigbo noted on the importance of Remo State for economic growth and the potential of Sagamu. The people of Remo Land have formally taken a bold step towards self-determination by submitting a memorandum to the National Assembly, seeking the creation of Remo State from the present Ogun State. This historic move, spearheaded by the Akarigbo and Paramount Ruler of Remo Land, Oba Dr. Babatunde Adewale Ajayi, CFR, underscores their commitment to preserving their distinct cultural,…

Bilateral relationship strengthened between Bangladesh and Nigeria as trade hits $100m – Rahman Yusuf Tuggar Bilateral relationship strengthened between Bangladesh and Nigeria as trade hits $100m – Rahman * Bangladesh marks 54th independence • Trade between the two have grown significantly to $100m • Bangladesh plans on ties on blue economy. The Bangladesh High Commissioner to Nigeria, Mr Masudur Rahman, announced that relations between Bangladesh and Nigeria have significantly strengthened in recent years. He highlighted that bilateral trade has grown from 50 million to more than 100 million dollars. Rahman made this statement on Wednesday in Abuja at a reception…

Ogun, Morocco collaborate on energy, infrastructure, sign MoU L-R: Executive Vice President, General Confederation of Employers in Morocco, Ali Zerouali and Ogun State Governor, Prince Dapo Abiodun, during the signing of a Memorandum of Understanding between the Ogun State Government and the Kingdom of Morocco in Abeokuta, Ogun State… on Wednesday. Photo: Ogun State Government/Punch Advertorial Services Ogun, Morocco collaborate on energy, infrastructure, sign MoU. The Ogun State government has signed a Memorandum of Understanding with the Confederation of General Employers of Morocco to collaborate on power generation and distribution, education, housing, infrastructure, and port development. The signing ceremony held…

February Money Supply fell to N110.3tn – CBN Naira notes Money supply fell to N110.3tn in February * This translates to a growth rate of 24.07 per cent. Nigeria’s money supply recorded its first decline in 2025, falling to N110.32tn in February from N110.94tn in January, data from the Central Bank of Nigeria showed. The 0.56 per cent month-on-month drop comes amid continued efforts by the apex bank to manage liquidity in the system, following earlier signals of monetary tightening and foreign exchange adjustments. Despite the marginal slowdown, the figure remains significantly higher compared to the same period last year.…

P’Harcourt refinery achieves non-stop operation for 180-day — PETROAN Port Harcourt refinery P’Harcourt refinery achieves non-stop operation for 180-day. P’Harcourt refinery achieves non-stop operation for 180-day. The Petroleum Products Retail Outlets Owners Association of Nigeria has commended the Federal Government and the management of the Nigerian National Petroleum Company Limited for reportedly running the revamped Port Harcourt refinery for 180 days non-stop. The refinery, which had been dormant for over 20 years, was revamped with a loan secured from Afreximbank and executed by Tecnimont Nigeria Limited, a subsidiary of the Maire Tecnimont Group. It was relaunched for operations in November…

Healthcare materials left out of import duty, VAT – Customs Nigeria Customs Service Healthcare materials left out of import duty, VAT – Customs In accordance to the announcement by the Nigeria Customs Service, there will be a two-year exemption from import duty and Value Added Tax for critical raw materials essential for the production of pharmaceuticals. This was declared to be granted under a presidential executive order which was disclosed on Wednesday in a statement issued by the NCS National Public Relations Officer, Assistant Comptroller Abdullahi Maiwada. Abdullahi Maiwada noted that the relief covers active pharmaceutical ingredients and other…

Nigeria’s weak statistical performance, not on par with peers – World Bank World Bank Nigeria’s weak statistical performance, not on par with peers – World Bank * Nigeria needs not less than $10m annually to reach expected performance. The World Bank has expressed concern over Nigeria’s poor statistical performance, noting that the country is lagging behind its aspirational peers such as Mexico, Colombia, South Africa and Brazil. According to a statement by the budget ministry’s Director, Information and Public Relations, Mrs Julie Osagie-Jacobs, this was noted during a courtesy visit to the Minister of Budget and Economic Planning, Senator Abubakar…