Nigeria has deepened its development cooperation with Norway following high-level bilateral talks held on the sidelines of the 2025 United Nations meetings in New York. Dr. Doris Uzoka-Anite, Nigeria’s Minister of State for Finance, led the country’s delegation in a strategic meeting with Ms. Stine Renate Håheim, Norway’s Deputy Minister of International Development. The meeting
On the sidelines of the 2025 United Nations meetings in New York, Nigeria and Sweden have reinforced their commitment to collaborative development efforts. Dr. Doris Uzoka-Anite, Nigeria’s Minister of State for Finance, engaged in bilateral discussions with Ms. Diana Janse, Sweden’s State Secretary for International Development Cooperation. The talks centered on enhancing partnerships in technology
ABUJA – Nigeria can no longer afford to sustain electricity subsidies, according to the Minister of Power, Adebayo Adelabu, who warned that citizens should brace for increased and cost-reflective tariffs across all consumption categories. Speaking in Abuja during a crucial meeting with the leadership of electricity generating companies (GenCos), Adelabu stated that the existing subsidy
VFD Group Plc has reported a 27 percent increase in gross earnings, reaching N19.8 billion for the first quarter ending March 31, 2025, compared to N15.3 billion in the same period of 2024. The unaudited financial statement, which was filed with the Nigerian Exchange, reveals strong performance, particularly in investment and similar income, which surged
The Lagos State Government has signed a Memorandum of Understanding (MoU) with Junior Chamber International (JCI) Nigeria to support small and medium-sized enterprises (SMEs) and promote entrepreneurship across the state. The MoU was signed on Friday, April 25, 2025, at Sterling Towers in Lagos, with the aim of fostering sustainable economic growth by empowering young
Nigeria’s major telecom operators have announced a combined $1 billion investment into upgrading their network infrastructure, a move they say will not only improve service quality but also significantly enhance the country’s economic output and digital inclusion efforts. With over 160 million subscribers across the nation, the telecom giants believe the substantial capital injection will
The Nigeria Customs Service (NCS) has intercepted falsified pharmaceutical products and unauthorised security surveillance equipment valued at ₦921 million at the Apapa Port, Lagos. The seizure, which occurred between January and April 2025, underscores growing concerns over non-compliant import practices that threaten public health and national security. Disclosing the development at a press briefing in
The Economic and Financial Crimes Commission (EFCC) has arrested several former Managing Directors and top officials of Nigeria’s state-owned refineries in connection with the alleged mismanagement of $2.96 billion earmarked for rehabilitation projects. The arrests, which followed months of investigation, involve former executives of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and
In a concerted effort to bolster professional development within the public sector, the Lagos State Lands Bureau has called on its staff to actively seek higher education and relevant certifications to enhance their career trajectories. The Permanent Secretary of the Bureau, Mr. Kamar Olowoshago, made this appeal during a recent staff engagement session. He emphasized
Nigerians Urged to Stay Away as Victims Report Failed Withdrawals and False Promises In a move that has sent shockwaves through Nigeria’s digital investment community, the Securities and Exchange Commission (SEC) Nigeria has issued a blistering public warning against the online platform Tofro.com, calling it unregistered, illegal, and potentially fraudulent. According to an official statement
