Macron says releasing hostages Gaza ‘first objective’

French President Emmanuel Macron addresses French ambassadors during the conference of ambassadors at the Elysee Palace in Paris, on August 28, 2023. (Photo by Teresa SUAREZ / POOL / AFP) French President Emmanuel Macron said on a solidarity visit to Israel Tuesday that saving hostages held by Hamas in Gaza must be the “first objective” […]

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Tinubu targets $1tr economy, hopeful of $10b inflow to ease FX crisis

President Bola Tinubu (right); Chairman, Nigerian Economic Summit Group (NESG), Niyi Yusuf; and Managing Director, Shell Petroleum Development Company of Nigeria Limited and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, welcoming the President to the exhibition stand of Shell companies in Nigeria at the opening ceremony of the 29th edition of Nigerian Economic Summit […]

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Several missing after two cargo ships collide in North Sea

Handout picture dated 2021 and released on October 24, 2023 by the “Deutsche Gesellschaft zur Rettung Schiffbrüchiger (DGzRS, German Maritime Search and Rescue Service) shows sea rescue cruiser ship Bernhard Gruben of the DGzRS station in Hooksiel, northern Germany, that is used among others after a collision between two cargo ships in the North Sea, […]

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FEC okays policy to regulate solid minerals sector, check illegal mining

From left: National Security Adviser, Nuhu Ribadu; Head of the Civil Service of the Federation, Folashade Yemi-Esan; Chief of Staff to the President, Femi Gbajabiamila; Secretary to the Government of the Federation, George Akume and President Bola Tinubu during the Federal Executive Council Meeting at the Presidential Villa in Abuja on Monday (23/10/2023)27648/10/2023/Callistus Ewelike/NAN Federal […]

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An Independent National Electoral Commission (INEC) official holds up a ballot paper during Nigeria’s presidential and general election. (Photo by PIUS UTOMI EKPEI / AFP) Election monitoring group, Yiaga Africa, has stressed the need to revisit the executive powers of appointing officials into the Independent National Electoral Commission (INEC) for Nigeria to achieve its dream […]

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Naira speculators in trouble, as FG moves to digitise FX transactions

Wale Edun, Finance Minister In the near future, the federal government will automate transactions in the entire foreign exchange market to tame wide arbitrage and punish naira speculators. Wale Edun, Minister of Finance and coordinating minister of the Economy, mentioned this during the first-panel session at the 29th Nigeria Economic Summit (#NES29). His comment came […]

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P&ID $11b award against Nigeria obtained by fraud, Tinubu hails victory

• AGF reveals P&ID overtures for out-of-court settlement • Nigeria must engage experts to study international agreements, says Falana • A lesson for the Bar, Bench to improve on justice delivery, Okutepa, Akinola, Akingbolu say After a long, tortuous legal battle, it was a ‘sweet’ win for Nigeria yesterday, and a narrow escape from a […]

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Host communities kick as proposed PIA review ‘shrinks’ 3% allocation

Host communities must: • Fund new portal introduced by NUPRC • Hire, pay lawyers and chartered • accountants with at least 10 years’ experience • As Fresh attempts by NUPRC may frustrate oil companies, worsen hostilities • Stakeholders raise alarm over infringement by regulators The dilly-dallying of the Federal Government, through the Nigerian Upstream Petroleum […]

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FG okays $3.45bn W’Bank loan application for power, others

The Federal Executive Council on Monday approved the application for a $3.45bn loan to finance five items. They include projects in the power sector, renewable energy, states’ resource mobilisation programme, adolescent girls’ initiative for learning and empowerment and a women’s empowerment project. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, told […]

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US rejects Mideast ceasefire calls, says would benefit Hamas

The United States warned Monday that any Gaza ceasefire by Israel would benefit Hamas, as the European Union considers a call for a humanitarian pause. A ceasefire would “give Hamas the ability to rest, to refit and to get ready to continue launching terrorist attacks against Israel,” State Department spokesman Matthew Miller told reporters. “You […]

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