Category: news
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Maritime stakeholders in Nigeria have expressed concern over the country’s annual loss of over $500 million due to the lack of a structured, regulated shipbroking system. They highlighted that unmonitored vessel chartering and the widespread bypassing of international standards compromise revenue collection, vessel safety, and efficiency. These Experts further emphasized that professional shipbrokers…
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Federal Government has issued a warning of heavy rainfall over five days, from August 5 to August 9, 2025, which is expected to cause flooding across 19 states and 76 locations. The National Flood Early Warning Systems Centre called on residents and stakeholders to take urgent precautions following recent floods in Ogun, Gombe, Lagos, Plateau,…
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Grammy-nominated Nigerian superstar Ayra Starr will be headlining the Afronation Nation Festival in Punta Cana, Dominican Republic, from November 7–9, 2025, performing alongside artists like Sexy Redd and DJ Maphorisa. The festival will feature other Afrobeats stars such as Shallipopi and Ruger, with fans anticipating her hit songs, including ‘Hot Body’. 2025 has been a…
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US President Donald Trump has announced plans to impose significant tariffs on imported pharmaceuticals, potentially reaching 250%, starting from a lower initial rate. He also plans to introduce new duties on foreign semiconductors. According to Trump, tariffs on Indian imports would be raised substantially within 24 hours due to India’s purchases of Russian oil. These sector-specific…
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Justice Ekerete Akpan of the Federal High Court in Abuja has convicted 21 foreign nationals of high-level cybercrime, imposing a fine of one million Naira on each. The convicts, from countries such as China, Indonesia, Brazil, the Philippines, Vietnam, and Thailand, reached a plea bargain with the Nigeria Police and were ordered to pay the…
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Nigeria’s Minister of Petroleum Resources, Heineken Lokpobiri has urged Engineering, Procurement, and Construction (EPC) companies that left Nigeria’s oil and gas sector to return, citing a more investment-friendly environment under President Bola Tinubu’s administration. Speaking at the 2025 Nigeria Annual International Conference and Exhibition, he highlighted reforms from the Petroleum Industry Act and incentives positioning…
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Independent National Electoral Commission (INEC) has warned political parties and candidates against premature electioneering for the 2027 general elections, as no official timetable has been released. INEC’s Chief Press Secretary, Rotimi Oyekanmi, has highlighted that such actions violate the Electoral Act 2022, specifically Section 94(1), which allows campaigns only 150 days before polling day, ending…
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President Bola Tinubu has honored Nigeria’s women’s basketball team, D’Tigress, for their fifth consecutive AfroBasket title win (78–64 against Mali) with $100,000 for each player, $50,000 for each of the 11 coaching and technical staff, and a three-bedroom flat at the Renewed Hope Estate for all team members and staff. They were also conferred the…
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Vice President Kashim Shettima, represented by Agriculture Minister Abubakar Kyari has announced at the SAPZ Programme groundbreaking in Ijaiye, Ibadan, that the Special Agro-Industrial Processing Zones (SAPZ) will drive an industrial revolution in Nigeria’s agriculture sector, fostering innovation and inclusive prosperity. The initiative, part of President Bola Tinubu’s Renewed Hope Agenda, aims to establish agro-industrial…
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Ghana, the world’s second-largest cocoa producer has increased its cocoa producer price by 62.58%, from $3,100 to $5,040 per tonne for the 2025-26 season, aiming to raise farmers’ share of export earnings to 70% of the Free-On-Board (FOB) value, up from 63.9%. Finance Minister Cassiel Ato Forson announced the hike, citing improved macroeconomic conditions like…
