The proposed $25 billion Nigeria-Morocco Gas Pipeline project is facing delays, with concerns over the pace of Nigeria’s involvement despite recent efforts to advance the initiative at the regional level. The project, now renamed the African-Atlantic Gas Pipeline (AAGP), is expected to cost between $25 billion and $27 billion and connect Nigeria’s gas resources to...
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The Nigerian Navy has destroyed three illegal refining sites and recovered approximately 85,000 liters of products suspected to be illegally refined Automotive Gas Oil (AGO) in Rivers State. The operation was carried out by personnel of Nigerian Navy Ship (NNS) PATHFINDER in the Egbema axis of Ogba-Egbema-Ndoni Local Government Area of the state under Operation...
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Former Kaduna State Governor, Nasir El-Rufai, has filed a fresh N10 billion fundamental rights suit against the Independent Corrupt Practices and Other Related Offences Commission (ICPC), alleging that the agency denied his wife and son access to him while in custody. The suit, marked FHC/ABJ/CS/1852/2026, was filed at the Federal High Court in Abuja on...
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The Federal Capital Territory Administration has reduced the waiting period for landowners to obtain Certificates of Occupancy (C-of-O) to two weeks, as part of reforms aimed at eliminating bottlenecks in property documentation and improving the ease of doing business. The reform comes as the administration, led by FCT Minister Nyesom Wike, records 26,272 Certificates of...
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President Bola Tinubu has congratulated Osun State Governor, Ademola Adeleke, on his re-election, while the All Progressives Congress (APC) said it was studying the outcome of Saturday’s governorship election before deciding whether to challenge the result. The Independent National Electoral Commission (INEC) declared Adeleke, who contested on the Accord Party platform, winner after he secured...
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The Economic and Financial Crimes Commission (EFCC) has recovered $60 million from Nestoil Limited as part of an ongoing investigation into alleged criminal aspects of transactions involving the oil company and a consortium of its lenders. The EFCC Chairman, Olanipekun Olukoyede, led efforts that resulted in a structured repayment agreement between Nestoil and the consortium...
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The Bank of Industry Limited (BoI) has secured strong institutional demand for its maiden N250 billion Series 1 Fixed Rate Bond, with the offer oversubscribed within five working days. The development highlights the capacity of Nigeria’s domestic capital market to mobilise long-term funding for productive investment and economic development. The bond was issued through BoI...
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Nigeria is set to commence local production of armoured vehicles, anti-drone systems and other specialised military equipment as part of efforts to strengthen the country’s defence manufacturing capacity and reduce dependence on imported hardware. The Chief Executive Officer of the Defence Industries Corporation of Nigeria–D7G (DICON-D7G), Osman Chennar, disclosed this while highlighting the outcome of...
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Former President Olusegun Obasanjo has urged elderly Nigerians to make regular physical exercise, particularly long-distance walking, part of their daily routine to promote healthy ageing and improve their quality of life. Obasanjo made the call over the weekend after leading about 100 elderly citizens on a 2.5-kilometre health walk through Abeokuta, Ogun State, as part...
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US President Donald Trump has confirmed the release of American missionary Kevin Rideout, who spent more than nine months in captivity after being abducted in Niger. Trump disclosed the development in a post on his Truth Social platform on Sunday, saying Rideout had been reunited with his wife, Krista, and was preparing to return to...
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