The Federal Government and Trinidad and Tobago have signed Bilateral Air Service Agreement to boost trade, tourism and air connectivity. The Minister of Aviation and Aerospace Development, Festus Keyamo and his counterpart, the Minister of Works and Transport, Rohan Sinanan signed the agreement on behalf of both countries at the Piarco International Airport, Trinidad and…
Nigeria has emerged leader in local rice production in Africa, beating countries such as Madagascar, Egypt, Tanzania, Guinea, Mali, Cote d’Ivoire and others. With 8.7million tons, the country had the highest volumes of production last year while Madagascar and Egypt followed with five million tons production respectively totaling a combined 45per cent share of the…
Nigeria’s Power Generation Companies (GenCos) has threatened shutdown of operations due Federal Government’s failure to settle over N4 trillion invoices. This was contained in a press statement the GenCos Board of Trustees (BoT), Chairman, Col Sani Bello (rtd) issued in Abuja. The statement said the GenCos are constrained to issue the press release to “draw…
Nigerian-led energy company, Walcot Group, has signed a Production Sharing Contract (PSC) with the Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG) to operate oil blocks. The agreement followed the company’s successful bid for three oil blocks in a competitive international licensing round, marking a significant step in its mission to expand its footprint…
The Nigerian Gas Association (NGA) said it plans to showcase Nigeria’s gas sector progress, highlight investment-ready opportunities, and promote strategic interests under the “Decade of Gas” initiative at the 29th World Gas Conference (WGC2025), scheduled to take place in Beijing, China from May 19–23. Speaking during a media engagement in Lagos, the NGA President, Akachukwu…
Minister of Works, David Umahi, has announced the commencement of clearing and dredging for Section Two of the Lagos-Calabar Coastal Highway. He said the process follows existing laws and global best practices, focusing on maintaining pavement levels, protecting shorelines, and incorporating climate-resilient measures. Speaking at a stakeholders’ meeting in Lagos, Umahi stated that the project…
The Nigeria Customs Service (NCS) has generated over N347billion revenue from its Tin-Can Island port in Lagos, in the first quarter of this year. This was disclosed in Lagos on Monday, by the Area Comptroller of Frank Onyeka. According to him, “in January the Command generated N116, 412,735,766.23, which represents 24.06 per cent more than…
The Managing Director and CEO of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has highlighted the crucial role of the South-East Development Commission (SEDC) in the Federal Government’s vision to rehabilitate, expand and optimize the country’s railway infrastructure. He spoke yesterday during a working visit by the leadership of the SEDC to the NRC…
Start-ups in Nigeria, Kenya and others raised $460million in the first quarter (Q1) of this year through $100k+ deals (exc. exits), which is actually not much below the Q1 2024 number ($486million -five per cent YoY), according to new report. The report, entitled: Africa: The Big Deal, noted that Q1 2024 already wasn’t a particularly…
