Suspended Rivers State Governor, Siminalayi Fubara, has dismissed allegations linking him to fraudulent business dealings, cautioning against attempts to tarnish his reputation through misinformation. Fubara addressed the claims in a statement released on Monday by his Chief Press Secretary, Nelson Chukwudi, in Port Harcourt, the state capital. The governor was responding to viral reports suggesting
The Federal Government has unveiled plans to regulate gold exploration in Zamfara State by introducing a Standard Operating Code (SOP) aimed at ensuring a structured and transparent mining process. Regulating Gold ExplorationThe Minister of Solid Minerals Development, Dele Alake, disclosed this initiative during a press briefing marking the first anniversary of the Mining Marshals, a
The Federal Government of Nigeria has announced plans to learn from Egypt’s power generation and transmission strategies, recognizing the North African nation as a role model in the energy sector. Strengthening Bilateral Energy CooperationThe Minister of Power, Adebayo Adelabu, made this known during a meeting with Egyptian Ambassador to Nigeria, Mohammed Fouad, in Abuja. The
Nigeria anticipates increased Chinese investments and technology transfer, according to the Minister of Works, David Umahi. He emphasized that China should expand its economic support for Nigeria beyond existing infrastructure projects. Chinese Infrastructure ContributionsDuring a courtesy visit by the Chinese Ambassador to Nigeria, Yu Dunhai, Umahi highlighted various infrastructure projects being executed by Chinese firms
The petrol crisis in Niger Republic is gradually easing following the supply of fuel from Nigeria, leading to a drop in pump prices in the West African country. Fuel Supply from Nigeria Multiple residents and security sources confirmed that hundreds of petrol tankers have been dispatched from Nigeria to Niger Republic. This follows a recent
The naira continued its downward trend at the official foreign exchange market, depreciating by 1.25% week-on-week to settle at ₦1,536.89/$ on Friday. Persistent DeclineAccording to Central Bank of Nigeria (CBN) data, the naira opened the week at ₦1,528.03/$, down from ₦1,517.93/$ in the previous session. It weakened further to ₦1,532.93/$ before briefly recovering midweek. However,
Nigeria’s governors are plunging their states into unsustainable debt, borrowing recklessly while failing to deliver tangible benefits to the people. Instead of investing in education, healthcare, and infrastructure, many governors misuse funds on luxury vehicles, extravagant projects, and white elephant schemes that have no real economic value. A Growing Debt Crisis Despite heavy reliance on
President Bola Tinubu’s administration has introduced several tough economic policies, including fuel subsidy removal, floating the naira, and ending electricity subsidies. Now, the government plans to reintroduce tolling on the yet-to-be-completed Lagos-Ibadan Expressway, a move that will further burden Nigerians. The President should reconsider this decision. A Flawed JustificationThe Minister of Works, Dave Umahi, argues
The Nigerian Meteorological Agency (NiMet) has issued a heat stress alert for several states, warning that rising temperatures and humidity in the coming days could lead to severe thermal discomfort and health risks. At a time when stable electricity is needed most, Ikeja Electric and other power distribution companies have once again demonstrated gross incompetence,
The Federal Government has revealed that Nigeria needs an annual investment of $6.25bn to bridge its housing deficit, which stands at over 28 million units. Urgent Need for Housing InvestmentThe Minister of Housing and Urban Development, Ahmed Dangiwa, made this disclosure at the Renewed Hope Housing Public-Private Partnership Summit in Abuja. Dangiwa lamented that despite
