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The Minister of State for Industry, Senator John Owan Enoh, has tasked the management of Flour Mills of Nigeria on the need to expand the annual production capacity of its subsidiary, the Golden Sugar Company (GSC), to 300,000 metric tonnes by the year 2030. The Minister, accompanied by the Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, gave the charge when he visited the GSC […]
Iran's Parliament Supeaker says the Strait of Hormuz will not remain open if the US blockade of Iranian ports continues US President Donald Trump says the blockade will continue until a peace deal is reached, adding the waterway is open and ready for business. Earlier, Iran's foreign minister had said the Strait of Hormuz was completely open to commercial ships for the remainder of the ceasefire, but tracking data shows […]
Iranian Foreign Minister says the Strait of Hormuz is completely open to commercial ships for the remainder of the ceasefire. Meanwhile, the US President Donald Trump said the US naval blockade of Iranian Ports will remain in place until a permanent peace deal is agreed. The confirmation came as the UK and France hosted a meeting with dozens of other countries to discuss freedom of navigation in the Strait. Earlier, […]
The House of Representatives Public Accounts Committee has approved financial relief measures and a 10-year debt restructuring plan for three electricity distribution companies, as part of efforts to stabilise Nigeria’s struggling power sector. The committee endorsed the package for the Kano, Jos and Ikeja Electricity Distribution Companies, covering a combined liability of about 248.6 billion naira. Chairman of the subcommittee, Mark Obetta, said the decision followed the adoption of […]
No fewer than 100 young Nigerians have completed a six-month culinary and hospitality training programme under the federal government-backed IDEAS Innovation, Development and Effectiveness in the Acquisition of Skills initiative, aimed at tackling unemployment and bridging skills gaps in key sectors. The Special Assistant to the President on Arts, Culture, Tourism and Creative Economy, Ayomide Adeagbo, said the training, implemented by Masterminds Academy with support from the Federal Ministry […]
Vice President Kashim Shettima and former Budget Office Director-General Ben Akabueze have called for urgent reforms to Nigeria’s budgeting system, warning that weak legal structures and poor implementation are undermining national development. They made the call at a two-day National Policy Dialogue organized by the National Assembly Joint Committee on National Planning and Economic Development in Abuja, theme Senator Shettima, represented by presidential adviser Tope Fasua, called for a more […]
In a strategic move to deepen inclusive economic empowerment and promote Nigeria’s vast industrial raw materials potential, the Nigeria Association of Women Journalists (NAWOJ), FCT Chapter, is set to partner with the Raw Materials Research and Development Council (RMRDC). The partnership will be formalised through the signing of a Memorandum of Understanding (MoU) aimed at strengthening collaboration in research, innovation, and inclusive economic participation, particularly in creating sustainable opportunities […]
The Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, has commended the Minister of the Federal Capital Territory (FCT), Nyesom Wike, for creating an enabling environment for private businesses to thrive. He described the Minister’s role in facilitating the landmark partnership between Hypercity and Carrefour as highly commendable. Speaking on behalf of President Bola Ahmed Tinubu during the franchise signing ceremony in Abuja on Tuesday, Gbajabiamila described the […]
The Federal Government has stepped up efforts to reposition Nigeria’s steel industry with the signing of a $1 billion Memorandum of Understanding with India-based Rashmi Metaliks Group. The agreement was signed in Kolkata by the Minister of Steel Development, Prince Shuaibu Abubakar Audu, as part of a broader strategy to attract foreign direct investment and accelerate industrial growth. This is contained in a statement signed by the head Press and […]
