Aliko Dangote, President of the Dangote Group, has appealed to President Bola Tinubu to apply the ‘Nigeria First’ initiative to the refined fuel sector, a suggestion that met immediate opposition from oil marketers and industry professionals on Sunday. While speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets in Abuja, Dangote […]
…Disputes Intensify on Tariff Subsidy and Regulation Autonomy The recent shift by several Nigerian state governments to assert authority over electricity market regulation in line with the amended Electricity Act 2024 has escalated tensions across the nation’s power industry, Business Hallmark has learned. The Enugu State Electricity Regulatory Commission (EERC), along with other state-based regulatory […]
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Vice President Kashim Shettima has departed from Abuja on Sunday, en route to Addis Ababa, Ethiopia, to officially represent Nigeria at the second edition of the United Nations Food Systems Summit (UNFSS). The summit is scheduled to hold from July 27 to 29, and is expected to convene world leaders to evaluate ongoing progress since […]
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In a renewed effort to address rising security concerns, the Bauchi State Government has revealed plans to construct a state-of-the-art Divisional Police Station in Duguri, the hometown of Governor Bala Mohammed. This initiative is aimed at strengthening the overall internal security framework within the state. The announcement was made over the weekend during a groundbreaking […]
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The current Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has publicly confirmed that the Commission is actively investigating 18 sitting governors across various states of Nigeria for financial-related misconduct. However, he emphasized a significant legal limitation: while investigations are ongoing, no legal prosecution can take place until the respective governors […]
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CBN Governor, Olayemi Cardoso Following prolonged restrictions due to forex scarcity and volatile exchange policies, Nigerian banks have finally reinstated international transactions on naira-denominated debit cards — a major stride in financial accessibility that reflects growing confidence in Nigeria’s economic revival. This development marks one of the most evident outcomes of sweeping reforms introduced by […]
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In a bold move to strengthen Nigeria’s natural gas distribution infrastructure, the NNPC Gas Marketing Limited (NGML) has announced a new joint venture agreement with Zuid Energies Limited. This strategic collaboration focuses on constructing a 6 million standard cubic feet per day Compressed Natural Gas (CNG) plant alongside a 40 MMSCFD (Million Standard Cubic Feet […]
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Widespread Blackout Threatens Economic Activity Across Southwest Nigeria A major 25-day electricity blackout has commenced across Lagos and parts of Ogun State, threatening to cost business operators, banks, manufacturers, and service providers hundreds of billions of Naira in financial losses. The prolonged outage was officially confirmed by Ikeja Electric and Eko Electricity Distribution Company (Eko […]
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UK Prime Minister Keir Starmer is set to meet US President Donald Trump on Monday at Trump’s renowned Turnberry golf resort in western Scotland, where both leaders are expected to discuss key issues, including the UK-US trade agreement and the deepening humanitarian crisis in Gaza. Earlier this year, Starmer and Trump convened at the White […]
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In what appears to be a strategic blueprint for securing electoral dominance in 2027, President Bola Ahmed Tinubu has once again demonstrated his unmatched mastery in Nigeria’s political chess game. Through the recent appointment of Professor Nentawe Yilwatda, a technocrat from Plateau State, as the new national chairman of the All Progressives Congress (APC), Tinubu […]
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The Gimbiyar Lau, Hajiya Mamma Fati Ibrahim Hassan Lau, has passionately called upon the Federal Government of Nigeria to declare the urgent reconstruction of the collapsed Namnai Bridge in Taraba State as a national emergency, following a heartbreaking accident that claimed the lives of her family members. While speaking to journalists in Taraba State on […]
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In a significant legal development, a High Court sitting in Minna, Niger State, has granted an interim injunction against Governor Mohammed Umar Bago and five other named parties, preventing them from gaining access to a farmland currently under litigation. The disputed land is owned by one Bello Wakili and nine other members of his family, […]
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The newly appointed Chairman of the Governing Board for the Universal Basic Education Commission (UBEC), Senator Umaru Tanko Al-Makura, has firmly committed to revamping Nigeria’s basic education sector. He expressed his determination to leave behind a legacy that would stand the test of time. Al-Makura, who once served as the Governor of Nasarawa State, revealed […]
