The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has stated that the country’s economy is on the rise with great investment opportunities. The Minister disclosed this today in his office in Abuja when he met with a high-level delegation from First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud, to discuss investment opportunities and strategic partnerships. HM Edun highlighted Nigeria’s economic transformation over the past 18 months, citing key reforms such as market-driven pricing for foreign exchange and petroleum, increased trade through AfCFTA, and stronger revenue…
Author: Adekunle
Nduka Obaigbena and General Hydrocarbons Limited have filed an appeal against a high court decision they had publicly portrayed as being in their favour. Despite projecting the high court ruling as a win, Nduka Obaigbena and GHL have now taken legal steps to challenge the judgment at the Court of Appeal. Justice Deinde Dipeolu of the Federal High Court in Lagos had on January 29, 2025 lifted an ex parte Mareva injunction that had frozen the assets of General Hydrocarbons Limited over a $225.8m loan dispute between the company and First Bank Nigeria Limited. In his ruling,…
A policy shift in Nigeria’s education model is underway, Education Minister Dr. Tunji Alausa hinted yesterday at the extra-ordinary National Council on Education (NCE) – a meeting of the highest policy making body – holding in Abuja. He said the Federal Government plans a shift from the 6-3-3-4 system to a 12-4 year education model. Nigeria operates the 6-3-3-4 system, which consists of nine years of basic education, three years of senior secondary education and four years of tertiary education. However, the Minister pointed out that some of the issues influencing the convening of the extra-ordinary NCE meeting include the…
The Executive Vice Chairman (EVC) of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu, has set the tone for a transformative 2025, leading a series of high-impact engagements and initiatives in January that reinforce NASENI’s role in Nigeria’s industrial and technological advancement. As part of NASENI’s commitment to strengthening global partnerships, the EVC met with the Chinese Ambassador to Nigeria, reaffirming collaboration efforts that align with Nigeria’s sustainable development goals. This engagement signals NASENI’s resolve to attract strategic investments and technology partnerships that drive industrial growth. Recognizing his visionary leadership and contributions to technological progress,…
About ten years ago, young and aspiring lawyers would have heard the name Aminu Gamawa, a lawyer of northern extraction who was cutting his teeth in academia and establishing himself as a soon-to-be star in policy development. Many of those around him saw him as an anti-corruption advocate with a penchant for honesty, truth, and facts. Today, all those honors and accolades have been dropped by Dr. Aminu Gamawa into the bin for cheap Naira. Dr. Gamawa, a once highly sought-after young legal luminary, has now sold his character, dignity, and integrity for loyalty to the purse of Bauchi…
The Honourable Minister of State for Defence, H. E Dr. Bello Muhammed Matawalle, MON, has condemned in the strongest terms recent statements made by Rt. Hon. Rotimi Amaechi, accusing him of inciting violence and unrest among the Nigerian populace. Dr. Matawalle issued a stern warning to the former Minister of Transport, urging him to desist from making inflammatory remarks that threaten the peace and stability of the nation. In addition, the Minister expressed deep concern over the dangers posed by such rhetoric. “It is both reckless and irresponsible for a former public servant of Amaechi’s standing to…
In an era marked by rapid technological progress and global economic uncertainty, nations face a pressing question: how do we transform potential into tangible progress? Across the globe, there are countless stories of leaders who understand that innovation goes beyond high-tech gadgets and cutting-edge labs—it’s about addressing real-world challenges, empowering communities, and reshaping industries. True progress is not measured by the number of policies passed, but by the lasting impact those policies have on the lives of people. Nigeria, Africa’s largest economy, is no stranger to these challenges. From agriculture to energy, transportation to technology, the country’s potential has…
Bala Mohammed, the former Minister of the Federal Capital Territory (FCT) and current Governor of Bauchi State, has become synonymous with allegations of corruption, land grabbing, and abuse of public trust. His tenure as FCT Minister and now as Governor is marred by a staggering trail of misconduct and outright exploitation of public resources for personal gain. In February 2016, a petition filed with the Economic and Financial Crimes Commission (EFCC) by the Original Inhabitants Development Association of Abuja (OIDA) exposed Bala Mohammed’s blatant disregard for due process. The petition accused him of illegally allocating lands designated as green…
Students from the University of Ibadan (UI) on Wednesday staged a peaceful protest against the 82-day power outage at the University College Hospital (UCH), Ibadan. UCH is the teaching hospital where medical students from UI are trained. It was learnt UCH has been experiencing power outage for the past year due to debts owed to the Ibadan Electricity Distribution Company, IBEDC. IBEDC cut off the power supply to the hospital in March 2024 due to unpaid electricity bills. The electricity distribution company earlier disconnected the hospital’s power supply in November 2023 for the same reason. To express dissatisfaction with the…
Contrary to a report published in a national daily (not The Nation), the Federal Government awarded any section of the Abuja-Kaduna-Zaria-Kano Road dualisation to Infoquest Nigeria Ltd. The Minister of Works, David Umahi, who dismissed the report, demanded a public apology from the newspaper. He labeled the claim as damaging and unjustified. Umahi insisted that the newspaper issue a public apology to the Ministry of Works to be published in at least five national dailies, for disseminating inaccurate information about the ministry. At a press briefing in Abuja yesterday, the minister also addressed what he described as deliberate…