Nigeria’s solid minerals sector witnessed a major turnaround in 2024, attracting over $800 million in foreign and local investments, according to the Minister of Solid Minerals Development, Dr. Dele Alake. The minister attributed the investment surge to bold mining reforms introduced by the Tinubu administration, which emphasize in-country value addition, strict licensing rules, and a…
The Port Harcourt Refining Company (PHRC) is set to undergo a 30-day maintenance shutdown, sparking outrage among fuel marketers and host community stakeholders, Naija Blog Daily has learned. According to multiple reports, the refinery, which was recently revamped and resumed operations at 70% capacity, is facing internal strife as fuel retailers allege a sabotage plot…
Despite ongoing inflation challenges, Dr. Jumoke Oduwole, Nigeria’s Minister of Industry, Trade, and Investment, has reaffirmed that the Tinubu administration is strategically diversifying the economy away from oil dependency by unlocking the potential of non-oil sectors. Oduwole made this statement during the third day of the 16th National Council on Industry, Trade and Investment in…
The Central Bank of Nigeria (CBN) has once again retained the Monetary Policy Rate (MPR) at 27.50%, marking the second consecutive hold in 2025 following multiple rate hikes in 2024. The decision was made at the 300th Monetary Policy Committee (MPC) meeting held in Abuja, and announced by the CBN Governor, Olayemi Cardoso, on Tuesday….
The House of Representatives has passed the N1.78 trillion Federal Capital Territory (FCT) 2025 Appropriation Bill through second reading during Tuesday’s plenary session. The bill, titled “A Bill for an Act to Authorise the Issue from the Federal Capital Territory Administration’s Statutory Revenue Fund of the Federal Capital Territory Administration Account,” outlines proposed spending for…
Nigeria’s power sector is facing a deepening liquidity crisis as the Federal Government’s electricity debt has ballooned by an additional N800 billion in 2025 alone, according to the Senate Committee on Power. The Committee Chairman, Senator Enyinnaya Abaribe, disclosed this alarming figure on Saturday during a media briefing at a retreat held in Ikot-Ekpene, Akwa…
In a major boost for inclusive education, the Ogun State Ministry of Education, Science, and Technology has trained over 150 special needs teachers across the state on modern teaching methods tailored for learners with disabilities. The training, organized by the Department of Special Needs Education, took place in Abeokuta and was themed:“Understanding the Implementation of…
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Nigerian National Petroleum Company Limited (NNPCL) to account for the missing N500 billion oil revenue, following a shocking revelation by the World Bank. According to the World Bank, NNPCL only remitted N600 billion out of N1.1 trillion in revenue from crude oil sales and…
Former President Olusegun Obasanjo has raised a red flag over the worsening poverty and hunger across Africa, warning that Nigeria is “sitting on a keg of gunpowder” if urgent actions are not taken to address economic hardship. Speaking at Dele Momodu’s Leadership Lecture themed “How to End Hunger and Poverty in Africa”, Obasanjo emphasized the…
Bauchi State Governor, Senator Bala Mohammed, has issued a stern warning that the Economic Community of West African States (ECOWAS) is at risk of crumbling due to poor leadership, weak institutions, and a growing trust deficit among member states. Speaking at Christ Church College, University of Oxford, during an event marking ECOWAS’ 50th anniversary on…
