The Federal Government has signed a Memorandum of Understanding (MoU) with an Indian company, Rashmi Metaliks Group, in Kolkata for an investment of one billion dollars over a three-year period. The Minister of Steel Development, Prince Shuaibu Audu, who led the Nigerian delegation, signed the agreement following his visit to the company in India. A statement on the visit was made available to newsmen on Tuesday by the ministry’s Head of Press and Public Relations, Salamatu Jibaniya. In the statement, Audu described the move as a major milestone in Nigeria’s drive to reposition the steel sector, boost industrial growth, generate…
Author: Editor
Gov. Hyacinth Alia of Benue has called on security agencies to carry out coordinated operations to dismantle terrorist camps in forested areas across the state. The governor made the call in a statement issued on Tuesday by his Chief Press Secretary (CPS), Mr Tersoo Kula, and made available to newsmen in Makurdi. Alia’s directive followed recent deadly attacks on some communities. It was reported that attacks in Apa and Otukpo local government areas, specifically in Edikwu-Ankpali, Ikobi, Adija, and Upu villages, resulted in multiple fatalities. He urged security operatives to intensify surveillance and operations, with a particular focus on Apa,…
The Nigeria Police Force says it has strengthened security deployment at Joint Admissions and Matriculation Board (JAMB) examination centres nationwide to ensure the safety of candidates. The Force Public Relations Officer, DCP Anthony Placid, said this in a statement on Tuesday in Abuja. Placid said the force was aware of recent unfounded rumours circulating about safety at some JAMB examination centres in the North-East. “The Nigeria Police Force wishes to categorically state that these claims are without basis. “While the force does not act on rumours, the concerns raised by the public have been duly noted, as they concern the…
The Federal Government says the Jilli axis, where the Nigerian Air Force carried out a precision counter-terrorism strike, has been designated a high-risk zone with clear security advisories restricting civilian presence. The Minister of Information and National Orientation, Mohammed Idris, said this in a statement in Abuja on Tuesday. Idris extended the government’s condolences to the families of those affected and sympathised with the injured. According to him, every Nigerian life is sacred, and any loss of life is deeply regretted. “On April 11, 2026, the Nigerian Air Force, under Operation HADIN KAI, carried out a precision counter-terrorism strike on…
The Nigerian Society of Engineers (NSE), Lagos Branch, on Tuesday visited three companies on the Lagos–Sagamu Expressway to strengthen collaboration and enhance professional development. The companies visited were XCMG Nigeria Company Ltd., Howo Sinotruk Nigeria, and CBC Global Civil and Building Construction Nigeria Ltd. During the visit to XCMG, the Chairman of NSE, Lagos Branch, Mrs Olukorede Kesha, commended the company’s management for its support and partnership with the society. Kesha thanked the General Manager of XCMG Nigeria, Mr Sam Wang, describing him as generous and supportive of the engineering profession in Nigeria. She said, “We have done business together,…
Nigeria’s credit landscape is showing a growing imbalance as bank lending tilts further toward the services sector, even as credit to industry contracts, raising fresh concerns about the strength of support for the country’s productive base. Latest data from the Central Bank of Nigeria’s monthly economic report for November 2025 showed that total credit to the economy expanded marginally by 0.14 percent to N57.02 trillion, from N56.94 trillion in October. The modest growth was driven entirely by a 1.35 percent increase in lending to the services sector, underscoring its continued dominance in credit allocation. In contrast, credit to the industry…
Most companies only treat ESG as a reporting exercise. However, markets are gradually moving on.Today, ESG is embedded in how capital is priced, risk is assessed, and value is assigned. Let us be clear. This is not about optics. It is about economics. 1. ESG is now directly linked to financial performance Across global datasets, the signal is consistent: 58% of studies show a positive link between ESG and financial performance (NYU Stern, 2024) Strong ESG performers demonstrate greater resilience in downturns and lower volatility Institutional investors increasingly treat ESG as a core input into valuation models, not a side…
Hitherto, the journey toward higher education in this country has long been a test of endurance and sacrifice, especially for many families, whose dream of a university degree often comes at a steep price, forcing parents to make immense financial sacrifices. Still, some had to give up any form of education beyond primary school. Long before the introduction of structured financial support systems, many bright young minds were held back by the harsh realities of economic hardship, where a lack of funds often meant deferring dreams or even leaving education altogether. Looking back to the period from the late 1980s…
The Socio-Economic Rights and Accountability Project has urged President Bola Tinubu to order a full investigation into the alleged disappearance or diversion of N2.9bn in public funds involving the Nigerian Communications Satellite Ltd and the Nigerian Nuclear Regulatory Authority. SERAP also asked the President to direct the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, to account for the alleged funds, alongside the management of both agencies. In a letter dated April 11, 2026, and signed by its Deputy Director, Kolawole Oluwadare, the organisation also urged the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), and…
The Federal Government has tasked the management of the Dangote Group of Companies to expand the annual production capacity of its subsidiary, Dangote Sugar Refinery (DSR), to 600,000 metric tonnes by 2030. The Minister of State for Industry, Senator John Enoh, accompanied by the Executive Secretary of the National Sugar Development Council (NSDC), Mr Kamar Bakrin, gave the charge during a visit to the DSR complex in Numan, Adamawa State. The visit was part of ongoing strategic inspections of sugar projects across the country, in line with President Bola Tinubu’s directive to accelerate Nigeria’s attainment of self-sufficiency in sugar production,…