Newsnowng

NDLEA Launches Alternative Development Project to Shift Cannabis Growers to Legal Farming

newsnowng7 days ago7 days ago04 mins

The National Drug Enforcement Agency (NDLEA) has launched an Alternative Development Pilot Project aimed at ending illicit cannabis cultivation by providing affected communities with sustainable and legal livelihood options. The initiative was unveiled on Tuesday in Akure, Ondo State, at a town hall meeting attended by national stakeholders, international development partners, traditional rulers and community…

Nigeria, Italy Set to Strengthen Bilateral Ties, Tackle Migration, Security Challenges

newsnowng1 week ago1 week ago05 mins

Nigeria and Italy have expressed renewed commitment to strengthening bilateral relations, with a focus on addressing irregular migration, insecurity, counter-terrorism, and expanding economic cooperation. The Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, made this known in Abuja on Monday during a courtesy visit by the Italian Ambassador to Nigeria, Mr. Roberto Mengoni. Odumegwu-Ojukwu…

Tinubu cheers NGX’s ₦100trn boom, calls for greater local investment

newsnowng4 weeks ago4 weeks ago04 mins

President Bola Tinubu has commended corporate Nigeria, citizens, and capital market stakeholders for propelling the Nigerian Exchange, NGX, surpassing the historic ₦100 trillion market capitalization milestone. The President described this achievement as a powerful inspiration for investors in the money and capital markets. President Tinubu in a statement by his spokesman, Bayo Onanuga, called on…

Forest Reserve: Okpebholo Broker Peace Between Host Communities, Investors

newsnowng2 months ago2 months ago05 mins

Edo state Governor Monday Okpebholo has brokered peace between host communities and investors on the use of government forest reserve land for agricultural purposes and investors. The governor, who was represented by his deputy, Hon Dennis Idahosa, appealed to the various stakeholders to always tow the line of peace at all times Okpebholo noted that…

Reps summon Dangote Refinery, NMDPRA over Downstream Tensions

newsnowng2 months ago2 months ago02 mins

The House of Representatives Joint Committee on Petroleum Resources has invited Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to resolve disagreements threatening the downstream petroleum sector. Chairman Ikenga Ugochinyere said after an emergency Abuja meeting on Monday that rising tensions could undermine the fragile stability recently achieved. He said the…

Petrol price war turns dirty as Dangote attacks NMDPRA boss

newsnowng2 months ago08 mins

The President of the Dangote Group, Alhaji Aliko Dangote, has alleged that the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, paid about $5m for the secondary school education of his four children in Switzerland, calling for a full investigation and public explanation. Dangote said Ahmed must appear before the…

Edo market women protest planned eviction

newsnowng3 months ago3 months ago04 mins

Market women from Oba Market in Edo State have protested against an eviction notice issued by the state government in preparation for planned renovation work on the fire-damaged section of the market. The women, who gathered at Oba Ovonramwen Square, also known as Ring Road in Benin City, Edo State, causing heavy traffic, and diverted…

Backbone Infrastructure Ltd Secures $50B Funding for Ondo 500,000bpd Refinery, Free Zone Development

newsnowng3 months ago3 months ago05 mins

Following the successful execution of the Memorandum of Understanding (MoU) between Backbone Infrastructure Ltd and the Ondo State Government, through the Ondo State Investment Promotion Agency (ONDIPA), for the construction of a 500,000 barrels-per-day refinery and the development of a 1,471-hectare Sunshine Free Trade Zone in the Ilaje area of Ondo State in July, Backbone…

FG, Firm Sign $400m Agreement To Establish Integrated Steel Plant In Ogun

newsnowng3 months ago3 months ago05 mins

The Federal Ministry of Steel Development has signed a joint strategic cooperation declaration for the establishment of a $400 million modern steel plant in Ewekoro, Ogun State. The agreement with Inner Galaxy Group’s Stellar Steel Company Limited is part of ongoing efforts by the government to accelerate Nigeria’s industrialisation. It is also aimed at achieving…

Okpebholo Brokers Peace in IPMAN Leadership Crisis

newsnowng3 months ago3 months ago04 mins

Edo State Governor, Monday Okpebholo, has resolved the leadership crisis rocking the Independent Petroleum Marketers Association of Nigeria (IPMAN), Edo State Chapter, reaffirming his administration’s commitment to maintaining peace and protecting vital oil infrastructure across the state. The Governor made this known when he received the newly elected IPMAN executive, led by its Chairman, Mr….