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The Federal Government is working toward enhancing special economic zones to boost FDI in Nigeria’s economy and creating a large number of employment opportunities. This initiative is part of the government’s promise and effort to revamp the economic sector thereby generating massive national income. It was in this light that The Federal Government announced the…
An Abuja federal high court on Monday 21 June 2021 ordered oil giant, ExxonMobil and the Nigerian National Petroleum Corporation (NNPC), its Joint venture partner to pay a cumulative sum of N81.9 billion to Ibeno communities in Akwa Ibom as damages for oil spillage. This amount, according to the presiding judge, Justice Taiwo Taiwo must…
The World Bank has predicted that Nigeria is heading into its worst recession in 40 years. It also projects that the Nigerian economy will shrink between 3.2% and 7.4% in 2021. According to the report, 89 million (43%) Nigerians live below the poverty line while another 53 million (25%) are vulnerable. The organisation, while presenting…
The Nigeria LNG Limited (NLNG) is one of the most important economic projects that the Nigerian government has undertaken in recent years. The Train 7 project which is ongoing at present, involves the construction of a 614km gas pipeline. The pipeline from Ajaokuta to Kano will run through several communities thereby creating jobs along the way during the…
Fraud in the banking sector isn’t a new phenomenon neither is it peculiar to any nation. It affects all nations in all the continents of the world. Nigeria’s banking sector has faced a lot of crises and failures, which can be traced back to the 1930s. During this time, all indigenous banks, except the National…
In recent times, the front burner issues in Nigeria have revolved around political restructuring. The clamour for restructuring of the federal structure dates back to the independence era. Since the amalgamation of Nigeria in 1914, ethnic and religious diversities have always influenced political decisions. Both pre-independence and post-independence administrations have fashioned out different political structures for…
Following the recent ban on Twitter for being a platform where separatists and dissidents flow freely with hate speeches and violence, the Federal Government is now insisting that Twitter must be fully registered and licensed to operate again in Nigeria. The federal government is equally insisting that the company as well as all other social…
In Lagos, on Thursday, June 10, President Mohammadu Buhari launched the highly anticipated Integrated National Security and Waterways Protection Infrastructure, also known as the Deep Blue Project. The project assets consist of $195 million worth of equipment that will be deployed in a coordinated effort to secure Nigerian waters along the Gulf of Guinea. The…
On 6 June 2021, the leader of the Islamic State West African Province (ISWAP) militant group confirmed the death of Boko Haram’s leader, Abubakar Shekau. ISWAP said that it carried out Shekau’s elimination on the direct orders of the group’s leaders in the Middle East. In the last 12 years, Shekau, on several occasions, has…
There are growing concerns and speculations that the Libyan general elections will be delayed. The elections were previously planned to hold on 10 December 2018, but were shifted to early 2019 and again shifted to 24 December 2021. The new date falls on a day when Libya will mark her 70th independence anniversary. However, the…
