Borno Flood: Tinubu Approves N80bn for Alao Dam Reconstruction President Bola Ahmed Tinubu has approved N80 billion for the immediate reconstruction and expansion of the Alau Dam in Borno State. Located in the Alau community of Konduga, Borno, the dam was built between 1984 and...

FG Aims 2.7mbpd Crude Oil Production as OPEC Pledges to Monitor Quotas Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027. This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, according to...

FEC Approves N885bn for Road Projects The federal executive council (FEC), presided over by President Bola Tinubu, has approved N885 billion for the execution of 10 road projects. Speaking after the FEC meeting on Monday in Abuja, David Umahi, minister of works, said the projects are...

SERAP to FG: Probe Missing N26bn in Petroleum Ministry Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), and appropriate anti-corruption agencies to promptly probe allegations that...

Brace Up for Fresh Electricity Tariff Hike, FG tells Nigerians The Federal Government says plans are ongoing to increase electricity tariffs “over the next few months”. It, however, said that the planned increase needed to be balanced by subsidies for less-affluent electricity users. Bloomberg quoted the Special...

Nigerian Stock Market Records N1.95trn Gain in January   Despite cautious trading sentiment among investors, the Nigerian stock market experienced a remarkable surge in January 2025, with its market capitalization increasing by a significant N1.95 trillion. This emerged as the Minister of Finance and Coordinating Minister of...