The Centre has appointed former Reserve Bank of India (RBI) Governor Urjit Patel as India’s Executive Director at the International Monetary Fund (IMF) for a three-year term. He takes over from Krishnamurthy V. Subramanian, who held the post since 2022. Patel, who served as RBI Governor from 2016 to 2018, is credited with strengthening India’s monetary policy framework, especially the shift to an inflation-targeting regime. His tenure, however, ended abruptly after policy differences with the government, leading to his resignation. A seasoned economist, Patel began his career at the IMF before holding several high-profile positions in India’s financial and policy…
Author: Abdoulaye Kay
The Flour Mills of Nigeria (FMN), through its commitment to fostering food security in Nigeria and progressively across the continent, has renewed its dedication to Feeding the Nation Every Day. This agenda is part of the Group’s over six-decade strategy of building local content and reducing dependency on imported raw materials. As Nigeria’s leading diversified pan-African food and agro-allied company, FMN pledges to intensify its role as a cornerstone partner in the country’s agricultural transformation, building on its 65 years of unwavering commitment to Feeding and Enriching Lives, Every Day. The Company’s foray into the Agricultural sector started in 1978,…
The Nigerian National Petroleum Company (NNPC) Limited says it is in talks to partner with a professional refinery operator as part of efforts to fix the country’s long-running refining crisis. Group Chief Executive Officer, Bayo Ojulari, revealed this on Thursday while hosting the leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) at the NNPC Towers in Abuja. Ojulari said technical assessments of Nigeria’s three refineries had been completed, while a commercial review of the Port Harcourt Refinery confirmed the need for a more sustainable business model. “We need to bring in a true professional refinery…
The Federal Government has rewarded 17-year-old Nafisa Abdullahi from Yobe State with N200,000 after she emerged World Best in English at the 2025 TeenEagle Global Finals held in London. Nafisa, a student of Nigerian Tulip International College (NTIC), Kano, outperformed over 20,000 contestants from 69 countries, including participants from native English-speaking nations. Presenting the cash prize in Abuja, the Minister of Education, Dr. Tunji Alausa, described Nafisa as “a shining example of Nigeria’s abundant talent.” He assured that the government would continue investing in education to nurture more young achievers. The Minister of State for Education, Prof. Suiwaba Ahmad, also…
President Bola Tinubu has issued a directive for a temporary ban on the export of raw Shea Nuts, effective immediately. This decision aims to regulate the current export activities and possibly enhance local processing and value addition within the country. The announcement was made by Mr. Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, in a statement released on Tuesday in Abuja. The statement highlights the government’s commitment to ensuring that the directive is fully implemented. At present, Vice-President Kashim Shettima is leading a high-level meeting with key stakeholders…
A train traveling along the Kaduna–Abuja railway line on Tuesday morning derailed, causing panic among passengers as several cabins overturned. Incident details The drained train with passengers disembarking The derailment occurred at about 11:00 a.m. when the train, heading towards Abuja, suddenly went off track. Eyewitnesses reported that the incident threw passengers into confusion, with many abandoning their belongings as they rushed to safety. Casualties and cause As of now, no casualties have been confirmed, and the cause of the derailment is still unknown. However, previous disruptions along the Kaduna–Abuja corridor have often been linked to vandalism and track damage…
Former Governor of Kano State, Dr. Abdullahi Umar Ganduje, has cautioned the Abba Yusuf-led State Government against using his name for political attacks and propaganda following allegations of financial misappropriation. Ganduje, in a statement by his aide, Muhammad Garba on Monday, dismissed the allegations of N6.5 billion diversion, land grabbing, and other misconduct as “false, misleading, and politically motivated.” According to him, the recent attempts to link the former governor to supposed overspending through the Protocol Directorate and other alleged scandals, were deliberate distortions aimed at tarnishing Ganduje’s reputation. “Governor Ganduje completed his tenure with integrity, diligence, and a steadfast…
Renaissance Africa Energy Company Limited has joined the International Association of Oil & Gas Producers (IOGP), becoming the third Nigerian firm and the fourth in Africa to gain membership. Renaissance, a consortium of indigenous energy companies that acquired onshore and shallow water oil blocks formerly operated by Shell Petroleum Development Company, was formally welcomed into the global body in London, according to a statement by the company’s spokesperson, Mr. Michael Adande. IOGP is a leading industry organisation that promotes knowledge sharing on health, safety, environment, and operational best practices. Welcoming the company, IOGP Chief Executive Officer, Mr. Graham Henley, said:…
The Peoples Democratic Party (PDP) has zoned its 2027 presidential ticket to the South, a move seen as part of efforts to strengthen unity and reposition the party ahead of the next general elections. The decision was taken on Monday at the 102nd meeting of the National Executive Committee (NEC) of the party held in Abuja. As part of the resolutions, the NEC also confirmed Ambassador Umar Iliya Damagum, who had been serving in an acting capacity since March 2023, as the substantive National Chairman of the party. Announcing the outcome of the meeting, PDP National Publicity Secretary, Debo Ologunagba,…
Former Vice President Atiku Abubakar has officially declared his intention to contest the 2027 presidential election, stressing that his ambition is driven by the urgent need to “rescue Nigeria” from its worsening challenges. Atiku, a former presidential candidate of the Peoples Democratic Party (PDP), made the declaration from his residence in the United Arab Emirates (UAE), where he is currently on holiday. According to him, the state of the nation has reached a critical point, with citizens experiencing rising poverty, hardship, corruption, and a lack of accountability. “I will run in 2027. Nigeria needs to be decisively rescued from the…