Economists and commentators have observed positive indicators regarding Nigeria’s economic growth. Reports suggest that the reforms initiated by President Bola Tinubu since taking office two years ago may be contributing to these outcomes. According to a World Bank report, the GDP experienced a growth rate of 3.4% in 2024, the highest in a decade. Inflation...
President Bola Tinubu has officially signed the “Upstream Petroleum Operations (Cost Efficiency Incentives) Order, 2025,” aimed at ending high operating costs within Nigeria’s oil and gas sector, which currently exceed global averages. This information was provided in a document sourced from the Office of the Special Adviser to the President on Energy in Abuja, as...
The Nigeria Customs Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority are working together to tackle the problem of fuel that is meant for local use but is being diverted elsewhere. This collaboration is an important part of Nigeria’s overall plan to enhance energy security while also increasing fuel exports. This was discussed...
The Lagos State Traffic Management Authority (LASTMA) says a fatal road traffic collision on Ikorodu Road has claimed the lives of an eight-month-old baby and a female passenger. The General Manager of LASTMA, Mr Olalekan Bakare-Oki, said this in a statement on Sunday in Lagos. Bakare-Oki noted that the collision occurred opposite Olabode House, between...
No fewer than 11 people have been killed in a mass shooting at a Jewish festival in Sydney, Australian authorities say, adding that one of the two suspected gunmen was also killed in the “terrorist incident”. A total of 29 people were injured and taken to hospital, including two police officers, after the attackers on...
United Bank for Africa Plc (UBA) has announced significant changes to its Executive Board, following the completion of tenure by four long-serving Executive Directors. The retirements, which take effect on January 1, 2026, include Deputy Managing Director Mr. Muyiwa Akinyemi, and Executive Directors Mrs. Abiola Bawuah, Mr. Alex Alozie, and Mrs. Sola Yomi-Ajayi. In line...
Prominent Nigerian leaders have harped on the need for national unity through peaceful cohesion as a panacea to sustainable growth and development in the country. The leaders, include the National Security Adviser (NSA) Malam Nuhu Ribadu, Director-General of the Department of State Services Mr Oluwatosin Ajayi, Benue Governor Rev. Fr. Hyacinth Alia, Gombe State Governor...