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Tinubu approves commercial oil exploration at Tongeji Island,

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Tinubu approves commercial oil exploration at Tongeji Island, Ogun

President Bola Tinubu has given approval for the start of commercial oil exploration at Tongeji Island in Ipokia Local Government Area of Ogun State. Governor Dapo Abiodun made this disclosure on Thursday while hosting the Flag Officer Commanding, Western Naval Command, Rear Admiral Abubakar Abdullahi Mustapha, and other senior naval officers during a courtesy visit […]

Business

Tinubu approves Nigeria’s carbon market framework to boost green investment

President Bola Ahmed Tinubu has given formal approval to Nigeria’s Carbon Market Framework, a development expected to strengthen the country’s role in the global climate economy and attract billions of dollars in green investment. The Director General of the National Council on Climate Change, Mrs Omotenioye Majekodunmi, disclosed this while speaking to journalists in the […]

Business

Tinubu sets up committee to address contractors’ payment delays

President Bola Tinubu on Wednesday voiced “grave displeasure” over the backlog of unpaid federal contractors and announced the formation of a high-level committee to address the delays and ensure repayment. Briefing State House reporters after the Federal Executive Council meeting in Abuja, Special Adviser on Information and Strategy Bayo Onanuga said the President was “upset” […]

Business

Tinubu reaffirms commitment to Siemens Energy on power sector reforms

President Bola Tinubu has assured Siemens Energy of his government’s full commitment to improving Nigeria’s electricity supply and citizens’ welfare. President Tinubu made this disclosure on Monday in a meeting at the State House with a delegation from Siemens Energy, led by the Managing Director of Middle East and Africa, Dietmar Siersdorfer. Tinubu emphasized that […]

Telcos to receive $1bn network equipment in July — Minister
Business

Tinubu nominates Bosun Tijani as USPF board chair

President Bola Tinubu has requested the Senate to confirm the appointment of Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, as Chairman of the Universal Service Provision Fund board. In a letter read during Wednesday’s plenary by Senate President Godswill Akpabio, Tinubu said the nomination complies with Section 116 of the Nigerian Communications Commission […]

News

Tinubu orders temporary ban on raw shea nut exports

President Bola Tinubu has ordered a temporary suspension of raw shea nut exports. The Minister of Agriculture and Food Security, Abubakar Kyari, disclosed the directive on Tuesday. Kyari said the ban takes immediate effect, explaining that it is intended to encourage local processing and add value within Nigeria. He noted that the move reflects a […]

Petrobras returns to Africa, acquires blocks in Sao Tome and Principe
Business

Tinubu urges Petrobras return to drive economic growth

President Bola Tinubu on Monday called on Brazilian oil major Petrobras to resume operations in Nigeria, highlighting the company’s key role in harnessing the nation’s extensive gas reserves and boosting economic growth. Tinubu made the remarks after meeting with Brazilian President Luiz Inácio Lula da Silva at the Planalto Palace in Brasília, describing the Petrobras […]

News

Presidency defends Tinubu’s two-day official visit to Brazil

The Presidency on Sunday defended President Bola Tinubu’s two-day official visit to Brazil, scheduled for 24–25 August 2025. Addressing criticism of the trip on TVC’s Sunday Politics in Abuja, presidential spokesperson Sunday Dare described the visit as a strategic move to deepen Nigeria’s cooperation with Latin America’s largest economy and key BRICS member. Dare noted […]

Business

Tinubu hails NNPC, Sahara Group for driving Africa’s clean energy growth

President Bola Tinubu has praised the Nigerian National Petroleum Company Limited and Sahara Group for their commitment to strengthening Africa’s role in the global clean energy value chain. The commendation came on Monday at the unveiling of WAGL Energy Limited’s new 40,000-cubic-metre Liquefied Petroleum Gas vessel, MT Iyaloja (Lagos), in Ulsan, South Korea. Speaking through […]

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Tinubu appoints Opeyemi Agbaje as PENCOM chairman

President Bola Tinubu has named strategic policy analyst Opeyemi Agbaje as Chairman of the National Pension Commission. Mr. Agbaje disclosed his appointment in a statement to Peoples Gazette on Saturday. He said, “On Monday, August 11th, I received a call from the HMF/CME informing me of my appointment as Chairman of the National Pension Commission.’’ […]

News

Tinubu approves new welfare measures for DBS pensioners

President Bola Tinubu has approved a set of measures to boost the welfare of pensioners under the Defined Benefit Scheme. In a statement, the Head of Corporate Communications at the Pension Transitional Arrangement Directorate, Olugbenga Ajayi, described the move as a significant milestone in Nigeria’s pension reform journey. Ajayi noted that PTAD had earlier cleared […]

Business

Tinubu injects $1bn into Bank of Agriculture

President Bola Tinubu has approved the recapitalisation of the Bank of Agriculture with N1.5 trillion—about $1 billion—in what is being hailed as the most significant boost to agricultural financing in Nigeria’s history. The Federal Ministry of Agriculture announced the approval in a statement on Wednesday, describing it as a landmark intervention to strengthen the country’s […]

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