Diaspora Nigerians moves to woo investors to support Tinubu’s growth agenda at UNGA

Ahead of the United Nations General Assembly (UNGA) in New York, USA, scores of Nigeria’s professionals in the diaspora have perfected the strategies aimed at wooing investors to support President Bola Ahmed Tinubu’s developmental agenda for the country. Under the visionary Co-Chairmanship of Prof. Tai Balofin, President of Nigerian Progressive Professionals in the Diaspora, and […]

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How rising unemployment, others worsen school dropout rate

With the majority of Nigerian graduates unable to secure jobs after their schooling, many are having second thoughts about acquiring tertiary education. These groups of students believe the time spent in school is a waste if, after graduating, they still have to resort to learning handwork or vocational skills to survive. Adelowo Adebumiti examines the […]

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African Union suspends Niger Republic, mounts pressure on coup leaders

Former Head of State, Abdulsalami Abubakar (left) and ECOWAS Commission President, Omar Alieu Touray addressing State House correspondents, following a meeting with ECOWAS Chairman and Nigerian President, Bola Tinubu, on the crisis in Niger Republic, at the Presidential Villa, Abuja…yesterday. Credit: Philip Ojisua • Abdulsalami delivers military junta’s terms to ECOWAS Chairman • Says meeting […]

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Nigeria behind on regulatory framework for maritime sector

Renowned political economist, Prof. Pat Utomi, said the country’s maritime industry is suffering a setback due to a lack of a proper regulatory framework to drive the sector to economic prosperity. Stating that the sector has not managed to realise its possibilities due to leaders and politicians, who see the sector as a meal ticket, […]

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Excess crude account down to $474,000 as FG, others share N966b in July

The balance in Nigeria’s Excess Crude Account (ECA) as of August 22, 2023, was $473,754.57. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who chaired a meeting of the Federation Account Allocation Committee (FAAC), harped on the need for the government to mobilise resources to deliver on its mandate to increase employment […]

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FG ignores 17-year-old concession fee debts, renews terminal leases

• Lease owners exploit official grafts, unclear regulations • Port infrastructure continues to deteriorate • Some operators yet to pay up 2006 concession fees • Politicians, business executives lobbying for renewal of last batch The Federal Government has disregarded debts owed by operators of leased port terminals and proceeded to renew the agreements, it has […]

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Religious violence shames Nigeria

Deborah Yakubu… lynched The observance today worldwide of the International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief holds special significance for Nigeria where sectarian extremism is flourishing and spilling rivers of blood. The United Nations designated August 22 each year to draw global attention to religion-fuelled violence, the plight […]

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Governors, LGs disagree over operation of sovereign wealth funds

The Association of Local Government of Nigeria (ALGON) has complained of exclusion from the operation of the Nigeria Sovereign Wealth despite owning 17.8 percent of the National Sovereign Investment Authority (NSIA). While appearing before an ad hoc committee of the House of Representatives investigating the NSIA on Tuesday, it said local governments have not been […]

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Obi’s camp debunks planned merger with Atiku, Kwankwaso

The National Secretary of Labour Party, Umar Farouk, and Tai Obasi, and the media aide to the LP flag bearer, Peter Obi have denied knowledge of an ongoing merger arrangement with the presidential candidate of the Peoples Democratic Party, Atiku Abubakar and his counterpart in the New Nigeria People’s Party, Senator Rabiu Kwankwaso. The duo […]

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African Union suspends Niger, demands restoration of constitutional order

The African Union on Tuesday suspended Niger from all of its institutions and activities following last month’s coup “until the effective restoration of constitutional order.” In a communique issued on Tuesday, the bloc noted that its decision to suspend Niger followed the failure of the military junta to hand over power to the democratically elected […]

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