Author: Ogochukwu Ndubuisi

Oil prices edged lower on Thursday as investors looked past renewed geopolitical tensions in the Middle East

FG Boosts Global Authentication of Nigerian Passports The Federal Government has strengthened the international authentication of Nigerian passports by successfully importing all the country’s Country Signing Certificate Authorities (CSCAs) into the International Civil Aviation Organization (ICAO) Public Key Directory (PKD). The Nigeria Immigration Service (NIS) said this in a statement issued on Wednesday in Abuja by its Service Public Relations Officer, Deputy Comptroller of Immigration (DCI) Akinsola Akinlabi. Akinlabi said the milestone was achieved on July 13 during a ceremony at the ICAO headquarters in Montreal, Canada, led by the Comptroller-General of NIS, Kemi Nandap. He said the exercise was…

Jack-Rich, Eric Trump Advocate Closer U.S.-Nigeria Ties Tein Jack-Rich, President of Belemaoil Group, has called for a stronger Nigeria-U.S. economic partnership, describing it as the catalyst for Africa’s industrialisation and long-term prosperity. Jack-Rich, a former APC Presidential aspirant in 2022, made the call while receiving an award at the Celebrate America 250 event commemorating America’s semiquincentennial in Washington, D.C., on Wednesday. The event attracted prominent American political and business leaders, including Eric Trump, members of the U.S. Congress, among them Rep. Jim Jordan. Speaking after receiving the honour, Jack-Rich said Africa’s greatest need was greater access to U.S. markets, investments,…

The Federal High Court in Abuja on Wednesday ordered the final forfeiture of 48 properties, including a university, linked to Mr Abubakar Malami, former Attorney-General of the Federation (AGF), to the Federal Government.

The equities segment of the Nigerian Exchange (NGX) closed lower as the benchmark All-Share Index (ASI) declined by 0.21% to settle at 242,366.75 points.

FG Unveils $500m Niger Delta Agric Investment Fund The Federal Government has unveiled plans to establish a 500-million-dollar Niger Delta Agricultural Development and Investment Fund to mobilise investment and accelerate agricultural transformation across the Niger Delta region. The proposed fund is designed as a commercially driven investment platform to finance projects across the agricultural value chain, including oil palm, aquaculture, cassava, cocoa, rice, horticulture, livestock and marine resources. It is also expected to attract capital from multilateral development institutions, commercial financiers and private investors. Vice-President Kashim Shettima unveiled the initiative on Wednesday in Abuja at the launch of the Niger…

Shell Awards $518m Contracts to Indigenous Firms Shell Companies in Nigeria say it awarded contracts worth 518 million US dollars to indigenous companies in 2025, reinforcing its commitment to the growth of Nigerian content in the oil and gas industry. The company’s Communications Manager, Mrs Gladys Afam-Anadu, disclosed this in a statement on Tuesday. Afam-Anadu said that 123 indigenous companies were engaged across Shell’s operations and value chain within the year under review. She quoted Shell’s Vice President, Commercial, Rohan D’Souza, as saying the payments reflected strong support for Nigerian service providers operating within the company’s businesses. D’Souza said Shell…

Otti Directs Immediate Implementation of NYSC Allowances Gov. Alex Otti of Abia has directed the immediate removal of administrative bottlenecks delaying the implementation of the approved allowances of the members of the National Youth Service Corps (NYSC) serving in Abia. Otti gave the directive in his office, on Tuesday, while receiving the New State Coordinator of the National Youth Service Corps (NYSC), Mr Yunusa Tanimu, in Nvosi, Isiala Ngwa South Local Government Area. “I am surprised that the extra allowance that I approved had not been implemented. “Please, can you ensure that whatever it is is dealt with immediately. “The…

Ms Omolola Oloworaran, the Director-General of the National Pension Commission (PenCom)

The Federal Government (FG) says it remains committed to improving the ease of doing business