Local Business

The Minister of Works and Housing, Babatunde Fashola, has said infrastructural projects all over the country justify the foreign debts by the present administration. According to the Minister, President Muhammadu Buhari-led administration met N18billion in 2015 appropriated for works, saying the government had to borrow to execute the projects. Fashola spoke on Thursday at the opening ceremony of the 28th …

The Minister of Mines and Steel Development, Olamilekan Adegbite, has said he turned down an offer by Tesla Inc to get raw lithium from Nigeria. Lithium is one of the components used in electric car batteries. There has been more than eightfold surge in the price of lithium since the start of 2020, according to Financial Times. This has put …

The Federal Government has said it is considering placing a ban on the use of motorcycles, popularly known as okada. The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, dropped the hint Thursday while briefing State House reporters after a meeting of National Security Council (NSC) presided over by President Muhammadu Buhari at the Presidential Villa, …

The House of Representatives has set up an ad-hoc committee to investigate the petroleum products subsidy regime under President Muhammadu Buhari. The lawmakers asked the committee to carry out the probe from 2017 to 2021. This followed the adoption of the motion by Rep Sergius Ose Ogun. Ogun, in his motion, expressed worries that the subsidy regime has been “unscrupulously” …

(Reuters) – An explosion at illegal oil refining depot in Nigeria’s Rivers state has killed over 100 people overnight, a local government official and the NGO Youths and Environmental Advocacy Centre (YEAC) said on Saturday. “The fire outbreak occurred at an illegal bunkering site and it affected over 100 people who were burnt beyond recognition,” the state commissioner for petroleum …

A Federal High Court in Abuja has dismissed the suit by governors of the 36 states seeking to stop deductions of $418 million Paris Club refund debt. 

President Muhammadu Buhari Wednesday ordered that producers and providers of consumable products be held accountable for substandard services and products sold by them.

Donatus Vonkong, the soldier gunned down at the palace of the Shehu of Borno may have well died as a hero.

The Federal Government has proposed an 18-month extension for the implementation of the Petroleum Industry Act (PIA) originally scheduled to kick off this February.

President Muhammadu Buhari Friday signed the 2022 Appropriation Bill of N17.126 trillion into law.