Nigerian Navy Deploys 13 Warships to Protect Gulf of Guinea

By Modupe Gbadeyanka A socio-political group known as Save Enugu Group has congratulated Governor Peter Mbah of Enugu State on his recent Supreme Court victory. The organisation described the victory as well-deserved, urging politicians in the state to join forces with the governor to move the state forward. Last Friday, the country’s apex court dismissed an appeal filed by the candidate of the All Progressives Congress (APC) in the governorship election in the state, Mr Uche Nnaji. The opposition party challenged the victory of Mr Mbah of the Peoples Democratic Party (PDP) in the March 18, 2023, gubernatorial poll, asking

By Adedapo Adesanya Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

By Adedapo Adesanya An initiative to boost youth employment and shore up Nigeria’s foreign exchange (FX) earnings has been introduced by the Nigerian government. The scheme, the National Talent Export Programme (NATEP), was unveiled over the weekend at the Microsoft Office in New York, United States of America by the Minister of Industry, Trade and Investment, Mrs Doris Uzoka-Anite. She said the programme would position Nigeria as an export hub for talent outsourcing in Africa following the example of India, Bangladesh, Mexico and The Philippines. Mrs Uzoka-Anite noted that NATEP is a key national initiative that will serve as a

By Adedapo Adesanya Following President Bola Tinubu’s visit to India last week, the country’s oil company, the Nigerian National Petroleum Company (NNPC) Limited, has signed a memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries. The deal, if actualised, will allow both parties to explore and develop suitable opportunities within the remits of their interests across the hydrocarbon value chain in Nigeria. According to NNPC Group Chief Executive Officer (GCEO), Mr Mele Kyari, “NNPC Limited is on the threshold of making value

By Dipo Olowookere The Nigerian Exchange (NGX) Limited suffered a marginal 0.02 per cent loss on Monday following sell-offs in some equities like Eterna, MTN Nigeria, CWG, GTCO and others. Eterna and CWG closed the trading session as the worst-performing stocks after losing 10.00 per cent each to settle at N5.04 and 99 kobo respectively. In addition, Royal Exchange shed 9.92 per cent to sell for N1.09, Veritas Kapital depreciated by 8.70 per cent to trade at 21 kobo, while SCOA Nigeria depleted by 8.13 per cent to close at N2.60. According to data obtained by Business Post, the exchange

By Modupe Gbadeyanka Dubai Parks and Resorts is set to bring unprecedented amazing themed park experiences to millions of visitors across the world including Nigeria beginning from October 31st 2016 when it officially opens the new ‘Wonderland’. With a focus on becoming the largest integrated themed park in the Middle East, six cumulative experiences await visitors including Motiongate Dubai; Bollywood Parks Dubai; Legoland Dubai; Legoland Water Parks; Lapita and Riverland Dubai all fused into the 25 Million square feet Dubai Parks and Resorts landscape. The park is designed to offer new heights in entertainment with the Motiongate Dubai showcasing everything

By Adedapo Adesanya The trade volume between Nigeria and the European Union (EU) increased to €28.7 billion in 2021,  the Ambassador to the EU Delegation to Nigeria and other states in West Africa, Ms Samuela Isopi, has disclosed. The envoy, while speaking at the Europe Day celebration, which was held at the EU Residence in Abuja to celebrate peace and unity among EU members, stated that the volume of trade last year was 25 per cent higher than 2020 figures. The theme of the 2022 Europe Day celebration is Peace, Cooperation and Unity. The celebration holds every May 9 after

By Modupe Gbadeyanka A group known as the Progressives Yoruba Youth Congress (PYYC) has cried out to the international community over a alleged plot by the United States of America’s backed self-styled human rights watchdog, Amnesty International, to use fictitious reports to create tension in the country. It said the report was targeted at discrediting the Nigerian military on its fight against insurgency and then called on AI and its agents to come out clean on their plots to heat up polity in the country through its conjured report. Comrade Akintola Festus, national leader of the group, while addressing newsmen

By Adedapo Adesanya The Naira was stable against the US Dollar across all the segments of the forex exchange (FX) market on Friday, January 15. The local currency, at the Investors and Exporters (I&E) window, traded flat against the greenback to finish N394.67/$1, the same rate it was sold on Thursday. At the same market window yesterday, the pressure on the domestic currency eased as the turnover for the session reduced by 81.3 per cent or $175.32 million to $40.31 million from the previous day’s $215.63 million, according to data obtained by Business Post. Equally, at the Bureaux De Change

By Jerome-Mario Utomi I never had expected that opinion articles about the Niger Delta, a region bedevilled by tremendous odds with an improbable chance of survival, will precisely in a space of four days come from me in this quick succession as I have other pressing concerns to comment on. But this particular one stems from a reaction by a reader to the earlier one entitled Why Niger Delta is troubled. The piece, which had the resonated chant of a crude oil spill in Polobubo/Opuama Communities, Warri North Local Government Area of Delta as its central plot, among other things,

By Adedapo Adesanya  Pan-African cryptocurrency company, Yellow Card, has made another significant stride in the industry, becoming the first cryptocurrency company on the continent to be granted a Virtual Asset Service (VAS) Provider licence to operate in Botswana. The licence, in accordance with Section 11 of the Virtual Asset Act, 2022, was issued by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) on September 29, 2022, and will become the standard for crypto operations in the country. Speaking on this, Mr Chris Maurice, CEO and co-founder of Yellow Card, said that this is a monumental moment for the company, its customers,