President Samia Suluhu Hassan of Tanzania and President and Chief Executive of Dangote Industries Limited, Aliko Dangote, have opened talks on a new wave of multi-billion-dollar investments spanning power generation, transport infrastructure, fertiliser production, ports and regional trade. The high-level meeting, held at the State House in Dar es Salaam, reaffirmed the long-standing partnership between Tanzania and the Dangote Group while laying the groundwork for fresh investments to support the country’s industrialisation and economic transformation agenda. Speaking after the meeting, Aliko Dangote described Tanzania as one of Africa’s most attractive investment destinations, saying the Group had identified strategic sectors capable…
Author: Elvis Eromosele
The Nigeria Deposit Insurance Corporation (NDIC) says it has remitted about ₦950 billion to the Federal Government’s Consolidated Revenue Fund (CRF), with expectations of surpassing last year’s ₦274 billion contribution as its financial performance continues to improve. Speaking at a media briefing on the Corporation’s contribution to the Federal Government’s Renewed Hope Agenda, Dr. Thompson Oludare Sunday, NDIC Managing Director, said the Corporation has remained financially self-sustaining while consistently supporting government revenue. “I think we have contributed about ₦950 billion to the CRF and our contribution has continued to trend upward. Last year, it was around ₦274 billion. Hopefully, this…
The Federal Government has begun moves to seek compensation from the South African government for Nigerians who were forced to abandon businesses and other assets amid renewed anti-immigrant protests in the country. Alexander Ajayi, Nigeria’s Acting High Commissioner to South Africa, disclosed this on Tuesday during an appearance on Channels Television’s The Morning Brief. Ajayi said many Nigerians voluntarily chose to return home ahead of planned anti-immigrant demonstrations. He revealed that the government has started documenting businesses, vehicles and other properties left behind by returnees as part of preparations for formal compensation discussions with South African authorities. According to Ajayi,…
Nigeria’s ambition to build a $1 trillion economy hinges entirely on robust digital connectivity, yet the country’s fixed fibre broadband remains critically underdeveloped. Speaking at the Association of Telecommunications Companies of Nigeria (ATCON) High-Level Industry Forum in Lagos, Dr. Aminu Maida, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), issued a stark warning that Nigeria must aggressively accelerate its Fibre-to-the-Home (FTTH) deployment to power the rapidly growing demands of artificial intelligence, cloud computing, and digital business. The current infrastructure landscape highlights a massive gap between Nigeria and the rest of the world. The country currently counts only about…
…31 Winners, Healthcare Icons Honoured at Nigeria’s Premier The finest institutions, professionals and innovators in Nigeria’s healthcare sector were celebrated on Friday night as the Nigerian Healthcare Excellence Awards (NHEA) 2026 honoured outstanding achievements across the healthcare value chain at a colourful ceremony held at Eko Hotel & Suites, Victoria Island, Lagos. The event, attended by healthcare leaders, policymakers, regulators, development partners, healthcare professionals and industry stakeholders, also recognised distinguished individuals whose lifelong contributions have shaped healthcare delivery, education, financing and medical innovation in Nigeria. Dr. Iziaq Adekunle Salako, Honourable Minister of State for Health and Social Welfare, who graced…
…seeks private investment to bridge Nigeria’s 250,000-tractor deficit TracTrac Mechanisation Services Limited (MSL), a Nigerian-owned agricultural technology company, has launched an ambitious youth empowerment programme aimed at training and engaging 36,000 young Nigerians in agricultural mechanisation while calling for increased private sector investment to address the country’s critical shortage of farm machinery. The initiative, known as Young People in Mechanisation (YPiM), will recruit 1,000 participants from each of Nigeria’s 36 states. The programme targets young people between the ages of 18 and 35 and is designed to build a new generation of skilled operators, technicians and entrepreneurs in agricultural mechanisation.…
The Federal Government will officially launch the Digital National Education Management Information System (DNEMIS) on July 1, marking a major step toward modernising education planning and data management across Nigeria. The launch was announced on Monday in Abuja by Mr. Adebayo Onigbanjo, the National Project Coordinator of the Special Programmes Operations and Implementation Unit (SPOIU) in the Office of the Minister of Education. According to the News Agency of Nigeria (NAN), DNEMIS is a flagship initiative under the Nigeria Education Data Infrastructure (NEDI), a key component of the Nigeria Education Sector Renewal Initiative. The platform is designed to create a…
The report from the National Bureau of Statistics (NBS) tells a story that goes far beyond food inflation. It exposes the widening gap between incomes and the real cost of living in Nigeria. While the headline figure, N1,589 per adult per day, may appear to be just another economic statistic, it represents the minimum amount required for one adult to eat a nutritionally adequate diet. For millions of Nigerians, that benchmark is becoming increasingly difficult to attain. The latest Cost of a Healthy Diet (CoHD) report released by the National Bureau of Statistics (NBS) should serve as another wake-up call…
The Lagos State Government has ordered the immediate demolition of illegal structures obstructing drainage channels and canal right-of-way in Agungi, Ajiran, and Ikota as part of efforts to curb persistent flooding in the Lekki corridor. The directive follows recent flooding in several parts of Lagos after days of heavy rainfall and forms part of the state’s ongoing campaign to restore natural waterways and improve stormwater management. The decision was announced in a statement posted on the Lagos State Government’s official Facebook page on Monday. According to the government, the enforcement exercise will focus on reopening blocked drainage channels and removing…
The Federal Government has directed petroleum marketers to immediately reduce the pump prices of Premium Motor Spirit (PMS), popularly known as petrol, and other petroleum products to reflect the recent decline in global crude oil prices. The directive was issued on Monday by Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), during the 2026 Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) General Counsel and Legal Advisers Forum in Abuja. The forum was themed “Beyond Compliance: Certainty and Investment Confidence in Nigeria’s Petroleum Sector.” Lokpobiri said the easing of geopolitical tensions involving Iran and the United States…