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INFRASTRUCTURE GAP: Engineers urge use of pension, Sukuk funds

By Dickson Omobola Nigerian Society of Engineers, NSE, has said the country’s budget cannot fund its infrastructure needs, saying at least N200 trillion would be required over the next 30 to 40 years to address them. Deputy President of the NSE, Valerie Agberagba, however, said domestic funding sources such as pension funds and Sukuk bonds […]

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Customs, PEBEC in joint strategy to strengthen port efficiency

By Godwin Oritse & Cynthia Alo The Nigeria Customs Service (NCS), in partnership with the Presidential Enabling Business Environment Council (PEBEC), has unveiled a results-driven reform agenda aimed at improving port operations and strengthening Nigeria’s trade competitiveness. The initiative was unveiled at the opening of a three-day operational workshop held in Apapa, Lagos on the theme […]

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Electricity: NISO cuts transmission losses to 7.05%, pushes grid stability reforms

By Obas Esiedesa, Abuja The Managing Director of the Nigerian Independent System Operator (NISO), Abdu Mohammed Bello, has disclosed that transmission losses on the national grid have dropped significantly to 7.05 percent, from levels close to 10 percent recorded at the agency’s inception. Speaking at NISO’s first anniversary in Abuja, Bello said the reduction followed targeted operational […]

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Oil slumps 14% to $94.41 per barrel on US-Iran ceasefire

By Udeme Akpan The price of Nigeria’s Bonny Light crude has dropped by 14.2 per cent to $94.41 per barrel from $110 per barrel on Tuesday in the global oil market, following the announcement of a two-week ceasefire by Donald Trump. Iran also indicated it would ensure the safe passage of oil tankers through the Strait of […]

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Drama in Kwara as APC governorship aspirant steps down for “better candidate”

A political stir unfolded in Kwara State today as All Progressives Congress (APC) governorship aspirant, Prince Haliru Dantsoho Mahmud, publicly declared his ambition only to step down minutes later in favor of Ambassador Yahaya Seriki Gambari.

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Omo Ibile Igbomina urges Gov. AbdulRazaq to present appointment letter to Ganmo monarch

The socio-cultural group, Omo Ibile Igbomina, has appealed to Governor AbdulRahman AbdulRazaq of Kwara State to complete the formal appointment of the Oluganna of Ganmo in Ifelodun Local Government Area, Oba Abdulyekeen Olukayode Kolawole, nearly seven years after his selection.

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