- Naira Closes at N1,353 Per US Dollar in Nigerian Forex Market
- DBN Inaugurates $275m Climate Finance to Boost Nigerian MSMEs
- Tinubu Flags Off $3.5bn Bakassi Deep Seaport Construction
- NGX Falls as Banking, Insurance Stocks Drag, Investors Lose N93bn
- XRP Stages Price Recovery as SBI CEO Reaffirms Confidence
- Tokenised Stock Climbs as NVIDIA Share Price Rebounds
- Binance Coin Drops to $640 as Bitcoin Drags Other Altcoins
- AKK Gas Pipeline to Boost CNG Availability – NNPC Ltd.
Author: Ogochukwu Ndubuisi
Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.
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…
Legacy Debts: FG Plans Settlement of Outstanding Gas Obligations The Federal Government (FG) says it plans to settle all outstanding debts owed to gas producers, including long-standing legacy debts. Mr Abel Nse, Senior Technical Adviser to the Minister of Petroleum Resources (Gas), disclosed this during a panel session organised by Sahara Group on Friday in Lagos. The event, with the theme, “Harnessing Gas for Africa’s Sustainable Future”, aimed to foster dialogue around the continent’s energy needs. Nse stated that President Bola Tinubu had directed relevant ministries and agencies to prioritise the resolution of the debt issue. “The Federal Government is…
161m Nigerians now Food Insecure- FG The Federal Government says about 161 million Nigerians are currently food insecure, even as it intensifies efforts to avert an impending food and nutrition crisis. Alhaji Nuhu Kilishi, Director of the Nutrition and Food Safety Department, Federal Ministry of Agriculture and Food Security, said this on Friday in Abuja. He was speaking during a stakeholders’ consultative meeting on the development of a Food and Nutrition Security Crisis Preparedness Plan (FNSCPP). The plan is a spin-off of the Accelerating Nutrition Results in Nigeria (ANRiN) project, a state-led, World Bank-funded initiative aimed at reducing malnutrition by…
NNPC CEO Account for N210 Trillion or Face Arrest – Senate A major standoff is looming between the Senate Public Accounts Committee and the Nigerian National Petroleum Company Limited (NNPC) CEO, Bayo Ojulari. The lawmakers have issued a firm warning to the NNPC boss to account for N210 trillion in financial discrepancies or face arrest, prosecution, and public exposure. The Senate committee, led by Chairman Senator Aliyu Wadada, expressed outrage over NNPC’s persistent refusal to comply with multiple invitations and the non-appearance of its top leadership. The lawmakers described NNPC’s attempts to evade accountability as “insulting” and warned that the…
Nigeria, UAE Partner to Equip Youth With Digital Skills The Federal Government of Nigeria has sealed a landmark partnership with the United Arab Emirates (UAE) to equip Nigerian youth with cutting-edge digital skills, entrepreneurial training, and global exposure. This initiative is designed to foster innovation, enhance job creation, and integrate Nigeria’s youth into the global digital economy. The move marks a bold step in President Bola Tinubu’s vision for a tech-driven future as part of wider efforts to empower more than seven million young Nigerians through initiatives like the Nigerian Youth Academy (NiYA). Mr Ayodele Olawande, Minister of Youth Development,…
BINL Partners Ondo Government to Build $15bn Refinery A major investment is underway in Ondo State, Nigeria, as Backbone Infrastructure Nigeria Limited (BINL) partners with the state government to build a $15 billion oil refinery. The refinery, located at the Sunshine Industrial Park in Ogboti, Eruuna, will have a production capacity of 500,000 barrels per day, significantly boosting the local economy. The project is a joint venture between BINL and the Ondo State Government, represented by the Ondo State Development and Investment Promotion Agency (ONDIPA). Construction of the refinery will be done in phases, with the first phase expected to…
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