Author: Ogochukwu Ndubuisi

Federal Government Reveals Plan to End Fish Importation The federal government has pledged to end Nigeria’s dependence on fish importation by boosting local production and empowering youth and women with start-up grants in the fisheries sector. Mr Adegboyega Oyetola, Minister of Marine and Blue Economy, made the commitment on Wednesday in Abuja during a consultative meeting with Fisheries Cooperative Groups. He outlined the government’s vision to transform aquaculture into a pillar of food security, employment, and export competitiveness. According to him, Nigeria must chart a new path toward self-sufficiency in fish production. “The Federal Government is fully committed to supporting…

FG, AfDB, Others Inaugurate $263.8m infrastructure Project in Abia The African Development Bank, in partnership with the Islamic Development Bank, the federal government (FG) and Abia State, has inaugurated a 263.8 million dollars Integrated Infrastructure Development Project in Abia. The AfDB said this in a statement on Wednesday in Abuja. It said that the initiative was aimed at modernising urban infrastructure, enhancing mobility and promoting inclusive, climate-resilient development in the state. “The project addresses critical infrastructure gaps in urban transport, erosion control and waste management which have long constrained mobility, public health and economic productivity in the cities of Umuahia…

NDPC Asks Court to Dismiss Meta’s Suit Challenging $32.8m Fine The Nigeria Data Protection Commission (NDPC) has prayed the Federal High Court (FHC) in Abuja to dismiss, in its entirety, a suit filed by Meta Platforms, Inc. challenging the sanctions imposed on it. The NDPC had, on Feb. 18, imposed both a remedial fee of 32,800,000 million US dollars and eight corrective orders against Meta Inc. The American multinational technology company was alleged to have violated the fundamental privacy rights of its Nigerian users with respect to behavioural advertising on Facebook and Instagram. Dissatisfied with the action, Meta Platforms Inc.,…

PIA Attracted $16bn Investments, N50.8trn Crude Revenue The House of Representatives says the enactment of the Petroleum Industry Act (PIA 2021) has yielded remarkable results with more than 16 billion dollars investment commitments and significant improvements in oil production. Mr Benjamin Kalu, Deputy Speaker, House of Representatives said this on Monday in Abuja at the 2025 General Counsel and Legal Advisers Forum for Midstream and Downstream Petroleum Companies in Nigeria. The forum, organised by the Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has its theme as ‘Advancing a Collaborative Compliance Culture in Nigeria’s Midstream and Downstream Petroleum Sectors’. Kalu said…

Naira Rallies as CBN Intervention Keeps FX Market Liquid The naira rallied against the US dollar after the Central Bank of Nigeria (CBN) foreign exchange market intervention boosted liquidity. Spot FX data from the CBN platform showed that the exchange rate settled at N1518.88 at the official window, reflecting reduced liquidity pressure experienced last week. The recalibration of the naira exchange rate followed $50 million in FX sales to authorised dealers last week when it became necessary for the CBN to intervene in the official window. The authority sold dollars to banks as companies FX demand outpaced the amount of…

Nigeria Gives Air Peace the Nod for Direct Flights to Brazil The Nigerian government has given the nod for Air Peace to start operating direct flights to Brazil. According to the Minister of Foreign Affairs, Yusuf Maitama Tuggar, the federal government has designated Air Peace to commence direct flights to Brazil as soon as the airline provides an aircraft for the route. This development is part of the outcome of President Bola Ahmed Tinubu’s meeting with his Brazilian counterpart, President Luiz Inácio Lula da Silva. In exchange, Brazilian carrier LATAM will operate cargo services between Nigeria and Brazil. The minister…

Nigeria Seeks 25% Boost in OPEC Quota by 2027 – NNPC Nigeria is set to push for a 25% increase in its oil production quota by 2027, citing growth in refinery capacity and improved production, according to the Nigerian National Petroleum Company Limited (NNPC). The state-owned oil company, led by Group Chief Executive Officer Bashir Ojulari, aims to raise its crude oil production quota from the current 1.5 million barrels per day (bpd) to 2 million bpd, as reported by Argus Media. Ojulari stated that Nigeria’s current production is slightly below the quota at around 1.4 million bpd, with condensate…

CTC Didn’t Mandate Senate to Reinstate Natasha – Adaramodu The Senate has said that the Certified True Copy (CTC) of Federal High Court judgment on Sen. Natasha Akpoti-Uduaghan’s suspension did not contain any express or mandatory order directing her recall or reinstatement before expiration of the suspension. Chairman, Senate Committee on Media and Pubic Affairs, Sen. Yemi Adaramodu, said this in a statement in Abuja on Sunday. Senator Adaramodu was responding to a letter addressed to the leadership of National Assembly, dated July 11 and authored by the law firm of Numa SAN on behalf of Akpoti-Uduaghan. He said the…

Former President Muhammadu Buhari Dies in London The family of former President of the Federal Republic of Nigeria, Muhammadu Buhari, has announced his death on Sunday. The former president died at a clinic in London, according to his spokesperson, Garba Shehu, and former aide, Bashir Ahmad. Buhari was said to be 80 or 81 years old, although some sources reported him as 82. He served as Nigeria’s president from 2015 to 2023 and previously as a military head of state from 1983 to 1985. His funeral arrangements are expected to be announced by the family in accordance with Islamic rites…

Why Senate can’t Reinstate Natasha Now – Spokesperson The Senate has said that it cannot reinstate Sen. Natasha Akpoti-Uduaghan until it considers the contents of the Certified True Copy (CTC) of the court judgement in the case involving her and the Senate President, Godswill Akpabio. The Chairman, Senate Committee on Media and Public Affairs, Sen. Yemi Adaramodu, stated this in an interview with the News Agency of Nigeria on Sunday in Abuja. The senate had, on March 6, suspended Akpoti-Uduaghan for six months amid the sexual harassment allegation she had made against Akpabio. The suspension came after a recommendation from…