The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has introduced a series of land administration reforms, including a new law that mandates the revocation of undeveloped plots two years after the issuance of Rights of Occupancy. Speaking at a press briefing in Abuja on Friday, the Director of …
Nigeria Secures $12.1 Million Grant For Abuja Startup Hub
Nigeria has received a $12.1 million grant from the Japanese government to establish a startup hub in Abuja, aiming to transform the capital into a vibrant center for technology and innovation. The National Information Technology Development Agency (NITDA) announced the agreement on Thursday during a signing ceremony at the Federal Ministry of …
Renaissance Unveils Robust Sabbatical Programme For Varsity Teachers, Researchers
Renaissance Africa Energy Company Limited has welcomed 14 professors and 23 research students from various Nigerian universities for the Renaissance Joint Venture sabbatical and internship programmes. “Providing practical industry experience opportunity for lecturers and research students is a sure way to strengthen teaching and research capability that will translate into building a pool of industry …
Dangote Refinery Cuts Petrol Price To N865
Dangote Refinery has announced a reduction in its ex-gantry loading cost to N865 per litre, down from the previous price of N880 per litre on Wednesday. The new price was communicated to marketers and customers through a notice sent out Thursday morning. A Pro forma invoice and a check on petroleumprice.ng confirmed …
Eu Applauds Trump’s 90-Day Tariff Pause
European Commission President Ursula von der Leyen welcomed U.S. President Donald Trump’s announcement on Thursday that he would pause new “reciprocal tariffs” on most countries for 90 days to allow for negotiations. “This is an important step toward stabilizing the global economy,” von der Leyen said. “Clear and predictable conditions are crucial …
Fuel Prices To Drop As FEC Extends Naira-For-Crude Deal
Oil marketers have announced that Nigerians can expect a significant reduction in petrol prices soon, thanks to the continuation of the Federal Government’s Naira-for-Crude initiative, which allows crude oil and refined products to be sold in naira. The initiative is expected to reduce the reliance on the US dollar and stabilize fuel …
U.S.-China Trade War Could Cut Trade By 80% – Okonjo-Iweala Warns
Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, has warned that the ongoing tariff war between the United States and China could reduce bilateral trade by up to 80%, which would also negatively impact the global economy. Speaking on Wednesday, Okonjo-Iweala highlighted that the US and China together account for 30% …
Telcos Must Resolve Subscribers’ Unclaimed Airtime Complaints In 90 Days- NCC
Nigerian Communications Commission (NCC) has issued a 90-day compliance window to telecommunications operators to resolve the long-standing issue of unutilised and unclaimed subscribers’ recharges. This announcement was made at a high-level virtual stakeholders’ engagement forum held on Tuesday, targeted at refining and enforcing new guidelines that protect consumer rights in Nigeria’s evolving telecom landscape. Dr. …
Lagos Alerts Estate Agents On Illegal Fees, Sticks To One-Year Rent Limit
The Lagos State Government has reiterated its commitment to implementing a rent payment system that includes monthly, quarterly, and yearly options, with a maximum limit of one year per payment cycle. The Commissioner for Housing, Moruf Akinderu-Fatai, made this announcement in a statement he co-signed with Mr. Barakat Odunuga-Bakare, the Governor’s Special Adviser …