In line with his determination to bring world class standards to Nigerian Civil Aviation in consumer protection and the promotion of the wellbeing of Nigerian passengers and other sectoral stakeholders, President Bola Tinubu has approved the suspension, removal, and replacement of the following Chief Executive Officers under the Federal Ministry of Aviation and Aerospace Development:…
Minister of Power, Mr. Adebayo Adelabu, expressed disappointment in the privatization of the Nigerian power sector. During the Ministerial Retreat on the Integrated National Electricity Policy and Strategic Implementation Plan, he outlined plans to restructure the Transmission Company of Nigeria (TCN) in accordance with the Electricity Act 2023 and industry requirements. Adelabu emphasized the need…
The Central Bank of Nigeria (CBN) has issued a notice titled ‘Beware of Counterfeit Naira Banknotes in Circulation,’ directing Deposit Money Banks, Financial Houses, Bureau de Change, and the public to exercise heightened caution and take necessary precautions. The CBN affirmed its commitment to addressing the issue and informed that it is actively collaborating with…
Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, addressed the Senate Joint Committee on Appropriations on December 8. During the session, Kyari emphasized that the primary purpose of establishing refineries is not to decrease fuel prices. The GCEO of NNPCL further expressed confidence that by 2024, Nigeria…
Minister of Communications, Innovations, and Digital Economy, Bosun Tijani, has revealed that the expenditure for laying fiber cables across Nigeria is estimated at $2 billion. During an appearance on a Channels Television program on Tuesday, December 5, Bosun disclosed that while the Fifth-Generation (5G) network is present in Nigeria, the supporting infrastructure is not uniformly…
President Bola Tinubu and German Chancellor Olaf Scholz on Friday evening in Dubai, United Arab Emirates, witnessed the signing of an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The agreement, consummated on the sidelines of the COP28 climate summit, was signed by…
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has announced plans to introduce a fresh set of foreign exchange laws and guidelines aimed at addressing the depreciation of the Naira and achieving stability in the exchange rate. Speaking at the 2023 Annual Bankers Dinner of the Chartered Institute of Bankers of…
The burgeoning economic partnership between the Federal Republic of Nigeria and the Federal Republic of Germany witnessed further expansion and strengthening as two important agreements were signed between Nigerian and German businesses on Tuesday. Speaking in Berlin, Germany, at the 10th German-Nigerian Business Forum, President Bola Tinubu said that with a resilient democracy, Nigeria is…
President Bola Tinubu, on Monday, in Berlin, Germany, told international investors that beyond Nigeria’s natural resources, the people of Nigeria, who are highly educated, highly skilled, and naturally industrious are the primary asset and advantage the country wields over other nations in the global race for new investments. The President spoke at a panel discussion…
Bola Tinubu delivered an address to the audience at the G20 Investment Summit and the Compact with Africa Conference in Berlin, Germany. The Nigerian President traveled to Berlin on Saturday, November 18, to participate in the conference, aiming to attract investments in energy and infrastructure while fostering trade, according to his office. Hosted by German…
