General
Nigeria to Benefit from FAO-GEF $18m Conservation Fund
By Adedapo Adesanya
The Food and Agriculture Organization (FAO) of the United Nations in a partnership with the Global Environment Facility (GEF) has approved three FAO-led projects in Nigeria and four others countries, totalling $18 million in funding.
The three new projects in Nigeria, Venezuela and a regional initiative encompassing Malawi, Mozambique, and Uganda will improve the management of protected areas, protect biodiversity in lowland forests, and build water security and resilience.
Mrs Maria Helena Semedo, FAO Deputy Director-General said, “Resilient and productive land and aquatic ecosystems are the foundation of sustainable agri-food systems transformation.
“The approval of these three projects strengthens our ability to help countries move on a path of sustainability that leaves no one behind.”
The project in Nigeria will improve the conservation, sustainable use, and restoration of a lowland forest landscape to protect globally significant biodiversity and strengthen the sustainable livelihoods of local communities.
It will improve the management of a heavily threatened 1-million-hectare landscape encompassing 12 forest reserves and the Okomu national park. One of the aims is to replicate successes across the full Nigerian lowland forests eco-region.
The biodiversity conservation project in Venezuela will address key barriers to the sustainable use of biodiversity in order to support the effective management of five existing Protected Areas in the Caroni River Basin in the Guiana Massif, one of the most pristine and biodiverse areas on the planet.
The regional project across Malawi, Mozambique, and Uganda will bring the sustainable management of groundwater to the forefront of water security for resilient livelihoods, ecosystems, and investments in Africa. It supports the African Ministers’ Council on Water through their Pan-African Groundwater Program.
The three projects approved on Tuesday, June 21 at the 62nd Council Meeting of the GEF, held in McLean, Virginia, United States of America, will improve management for conservation and the sustainable use of over 8.3 million hectares of protected areas, bring 10,000 hectares of land under improved management, and restore another 24,000 hectares of forest and natural grasslands.
They will also mitigate 4.3 million tons of greenhouse gas emissions, and directly support nearly 92,000 people, including indigenous peoples and local communities.
The approval of these three projects marks the end of the GEF’s 2018-2022 funding cycle, the most productive four-year period in the FAO-GEF partnership to date, with over $600 million in grant financing secured for member countries. These grants support 96 countries in tackling the most pressing issues at the intersection of agrifood systems and the environment.
The past four years of investments from the FAO-GEF partnership will support member countries to improve the management of 150 million hectares of landscapes and seascapes, restore nearly 4 million hectares of land, and change over 2 million tons of overly exploited fisheries to sustainable levels.
The investments will also mitigate over 570 million tons of greenhouse gas emissions. More than 13 million women, men and children will directly benefit from the investments.
The GEF is a partnership of 18 agencies, including FAO, and 184 countries that address the world’s most challenging environmental issues related to biodiversity, climate change, land degradation, chemicals, and international waters. It provides grants to countries to meet these challenges while contributing to key development goals, such as food security.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
General
Dangote Refinery Warns Against Artificial Petrol Scarcity
By Modupe Gbadeyanka
Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.
The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.
“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.
It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.
With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.
Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.
By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.
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