NEWS

  • Nigeria Sovereign Wealth Fund Hits $3.4bn, Posts N478.8bn Income in Strong 2025 Performance

    Nigeria Sovereign Wealth Fund Hits $3.4bn, Posts N478.8bn Income in Strong 2025 Performance0

    The Nigeria Sovereign Investment Authority (NSIA) has reported a significant financial milestone, with its net asset value rising to $3.4 billion and total income reaching ₦478.8 billion for the 2025 financial year. According to the Managing Director/CEO, Aminu Umar-Sadiq, the latest figures represent 13 consecutive years of steady earnings and asset growth since the authority

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  • World Bank Approves $500m Boost for Nigeria’s Agriculture, Targets One Million Farmers

    World Bank Approves $500m Boost for Nigeria’s Agriculture, Targets One Million Farmers0

    The World Bank has approved a $500 million credit facility to support Nigeria’s agricultural sector through a new initiative aimed at transforming smallholder farming and strengthening value chains. The funding, provided through the International Development Association (IDA), will finance the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) Project, a six-year programme designed to improve productivity,

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  • Oyetola Moves to Revive National Shipping Line, Secures Global Partners for Maritime Expansion

    Oyetola Moves to Revive National Shipping Line, Secures Global Partners for Maritime Expansion0

    Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced major progress toward reviving a national shipping carrier, marking a significant step in strengthening the country’s maritime sector. Speaking at a stakeholders’ engagement and performance retreat in Lagos, Oyetola revealed that the Federal Government has secured interest from leading international maritime firms, including AD

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  • EBID Approves $241.6 Million to Boost Nigeria’s Transport and Infrastructure

    EBID Approves $241.6 Million to Boost Nigeria’s Transport and Infrastructure0

    The ECOWAS Bank for Investment and Development (EBID) has approved $241.6 million in funding to support Nigeria’s transport networks, urban waste management, and critical infrastructure projects. The approvals were part of a broader $266.7 million and XOF 30 billion regional package aimed at promoting sustainable growth across West Africa, covering member states including The Gambia,

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  • Tinubu Names New PTDF Chief, Extends TCN Boss Tenure in Fresh Leadership Shake-Up

    Tinubu Names New PTDF Chief, Extends TCN Boss Tenure in Fresh Leadership Shake-Up0

    President Bola Ahmed Tinubu has approved new leadership changes in key government institutions, appointing Professor Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF) while renewing the tenure of the Managing Director of the Transmission Company of Nigeria (TCN), Engineer Sule Ahmed Abdulaziz. The announcement was made by presidential spokesperson

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  • Lagos Transport Unions Endorse Monthly Sanitation, Suspend Morning Operations for Clean-Up Drive

    Lagos Transport Unions Endorse Monthly Sanitation, Suspend Morning Operations for Clean-Up Drive0

    Transport unions in Lagos State have thrown their weight behind the reintroduction of the monthly environmental sanitation exercise, pledging full compliance with the state government’s directive. The unions agreed that no commercial vehicles will pick up passengers between 6:30 a.m. and 8:30 a.m. on the last Saturday of every month, dedicating the period to environmental

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