The Enugu State Government has announced its commitment to provide substantial financial support for local government development projects, with a significant increase of 60 percent. The primary goal of this move is to accelerate grassroots development, particularly in sectors such … Continue reading Enugu state government boosts LG funding by 60% for capital projects
The Minister of Solid Minerals, Dele Alake, has outlined a plan to significantly boost Nigeria’s economy by adding at least 50%. It was presented during the unveiling of the ‘Agenda for the Transformation of the Solid Minerals for International Competitiveness … Continue reading Solid minerals sector aims to boost Nigeria’s GDP by 50% – Dele Alake
The Ebonyi State Peoples Democratic Party (PDP) has criticized the 13 local government area chairmen in the state for commemorating their “one year” in office, asserting that there is no cause for celebration. According to the main opposition party, none … Continue reading PDP in Ebonyi state criticizes local government chairmen for anniversary celebration
Over the past two years, a disturbing pattern has emerged, revealing that a substantial number of both senior bank executives and junior staff members, totaling at least 110 individuals, have been dismissed due to their involvement in fraud-related activities. This … Continue reading 110 executives and staff dismissed for involvement in N82 billion bank fraud
The Osun State Governor, Ademola Adeleke, has lauded the World Health Organisation, Federal Ministry of Health and the investigative team working on the Kangaroo Mother Care Project for low-weight babies, for choosing the state among the five states that will … Continue reading Adeleke celebrates WHO over ‘Kangaroo Mother Care’ initiative
The National Emergency Management Agency (NEMA) recently issued a warning regarding anticipated flooding in the River Benue Basin. According to the alert, Cameroon intends to release water from the Lagdo Dam, which could lead to severe flooding. In 2016, Nigeria … Continue reading Nigeria prepares for impending flood disaster as lagdo dam release approaches
The Nigerian Army has rejected claims of attempting to take over land in Osun State for a proposed community intervention project. Brig. Gen Onyema Nwachukwu, Director of Army Public Relations, issued a statement titled “Re: Complaints of Orolu Community, of … Continue reading Nigerian army refutes alleged land seizure attempt in Osun community
Joseph Akinfenwa, Bishop of Ibadan Diocese, has remarked that the prevailing economic conditions in Nigeria have caused significant distress to many citizens, despite initial assurances that the hardship would be temporary. Akinfenwa conveyed this sentiment during his sermon at a … Continue reading Anglican bishop expresses concern over severe pain among Nigerians
Adegboyega Oyetola, the recently appointed Minister of Marine and Blue Economy, has officially assumed his role, emphasizing his commitment to establishing responsible management practices that ensure the effective utilization of Nigeria’s marine resources. During his inauguration at the ministry in … Continue reading Oyetola commits to advancing Nigeria’s blue economy development
In line with Nigeria’s efforts to alleviate foreign exchange pressure and enhance its external reserves, JP Morgan has projected that the Federal Government could generate up to $17 billion through the sale of its stake in various joint-ventures oil and … Continue reading Nigerian government could generate $17 billion through sale of oil assets – JP Morgan
Osun State Government has announced that it will distribute 14,516 bags of 50kg rice and 3,200 metric tons of maize to residents as part of the Federal Government’s palliative measures to mitigate the impact of the petrol subsidy removal in … Continue reading Osun residents to get 14,516 bags of rice and 3,200MT maize
Nigeria faced a substantial loss of approximately N249 billion in crude oil revenue during July due to a significant drop in the country’s oil production by over four million barrels within the same month. The most recent oil production data, … Continue reading Nigeria’s oil output decline leads to N249 billion loss in July
Anslem Ijebor, a prominent figure in the Peoples Democratic Party, has offered assurance that Senator David Umahi, former Governor of Ebonyi State, will address the country’s road infrastructure challenges in his role as Minister of Works. Speaking with journalists in … Continue reading PDP chieftain: Umahi will address Nigeria’s road issues as minister of works
Stanbic IBTC Bank Plc Founder, Atedo Peterside, has characterized the controversial slogan “All Eyes On The Judiciary” as an impartial phrase that, under normal circumstances, should not provoke offense to a rational individual. Initially emerging as a social media campaign … Continue reading Atedo Peterside insists that ‘All Eyes On The Judiciary’ slogan non-offensive to right thinking individuals
A significant stride in Nigeria’s power landscape has been achieved as Transnational Corporation, at the helm of a consortium, secures a 60% stake in the Abuja Electricity Distribution Company (AEDC) and stakes in Delta power plants. This momentous development propels … Continue reading Transcorp, led by Elumelu, strengthens presence in Nigeria’s power sector
The Central Bank of Nigeria has launched a novel foreign exchange rate confirmation system targeted at importers, aiming to facilitate their access to forex. The apex bank, through its Trade and Exchange Department, issued a statement on Thursday evening, declaring … Continue reading CBN introduces portal for FX price verification system
The Inter-Party Advisory Council (IPAC) has expressed strong disapproval of the selection of a Minister of State for Petroleum Resources from the oil-rich Niger Delta region. Yabagi Sani, the National Chairman of IPAC, voiced his concerns during an appearance on … Continue reading IPAC criticizes selection of Niger Delta petroleum minister of state
Between 1999 and 2020, spanning approximately 21 years, the Nigeria Extractive Industries Transparency Initiative (NEITI) reported that Nigeria garnered a total of $741.5 billion from the oil and gas sector and N635.3 billion from solid minerals. NEITI’s Executive Secretary, Ogbonnaya … Continue reading NEITI: Nigeria generates $742 billion from oil revenue over 21 year period
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported significant economic losses for Nigeria due to crude oil theft and sabotage of crude assets during the period of 2009 to 2020, amounting to approximately N16.25 trillion. Crude oil barrels unaccounted … Continue reading Nigeria lost N16.25 trillion due to oil theft between 2009 and 2020, NEITI reports
Governor Umar Muhammed Bago expressed concern about the detrimental impact of banditry, cattle rustling, illegal mining, and similar activities on the state’s residents. During a visit from the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. … Continue reading Farmers forced to flee due to bandit activities – Gov. Bago
Suspected jihadists launched an attack near Nigeria’s western border with Mali, resulting in the tragic loss of seventeen Niger soldiers on Tuesday, as confirmed by the defense ministry. The incident occurred when an army detachment fell victim to a terrorist … Continue reading Attack near Mali claims lives of 17 Niger soldiers – Ministry
The Nigeria Football Federation (NFF) is in discussions with Jose Peseiro regarding a new contract as the national coach. NFF President Ibrahim Gusau mentioned that Peseiro’s previous contract ended in July and talks are currently underway with him and his … Continue reading Nigeria engages in contract negotiations with coach Peseiro
During the first half of 2023 (HI’23), Pension Fund Administrators (PFAs) in Nigeria experienced significant growth in their investments. The Net Asset Value (NAV) of their equity investments surged by 36.6%, reaching N1.460 trillion compared to N1.069 trillion in the … Continue reading Pension fund equity investments surge by 36%, reaching N1.4 trillion
The Senior Special Assistant to the President on Media and Publicity, Tope Ajayi, dismissed rumors on Tuesday of any intentions by President Bola Tinubu’s administration to reintroduce fuel subsidies. Ajayi took to the social media platform X (formerly known as … Continue reading Presidential spokesperson confirms no plans to reintroduce fuel subsidy amidst fuel hike concerns
The cessation of Nigeria’s fuel subsidy by President Bola Tinubu in May has led to a significant decline in petrol imports from Europe, causing a 48% decrease in demand for Premium Motor Spirit (petrol), according to data from S&P Global … Continue reading Nigeria’s petrol imports from Europe plunge by 48% following subsidy removal
AGS NEWS 