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

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…

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EFCC Suspends Operatives Over Rapper, Oladips’ N10M Extortion Allegation

The Economic and Financial Crimes Commission (EFCC) has suspended a number of its operatives following allegations by Nigerian rapper, Oladipupo Olabode Oladimeji, popularly known as Oladips, that they extorted N10 million from him. In a statement issued on Saturday, the anti-graft agency said it views the allegation with the utmost seriousness and has already launched…

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Fayemi: ECOWAS Reform Key to Tackling Poverty and Insecurity in West Africa

Former Ekiti State Governor, Dr. Kayode Fayemi has called for urgent reform of Economic Community of West African States (ECOWAS), insisting that the challenges of poverty, inequality, governance deficits, and insecurity in the West African region cannot be effectively addressed by the regional bloc in its current form. Speaking in Abuja at the second edition…

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Gov Fubara Pledges Strong Partnership With NDE to Tackle Unemployment

•Says Oyorokoto Beach Fronts’ Expansion’ll Create More Jobs, Business Opportunities For Rivers People Rivers State Governor, Sir Siminalayi Fubara, has pledged a strong partnership with the National Directorate of Employment (NDE) to combat unemployment and empower youths across the state. He made the commitment while receiving a delegation from the NDE, led by its Director-General,…

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Stakeholders React as FG Slams 15% Import Duty on Petrol and Diesel

By Katherine Abayomi The Federal Government’s decision to impose a 15 percent import duty on petrol and diesel has continued to generate mixed reactions across the oil and gas industry. While the policy aims to protect local refineries and promote energy security, stakeholders have warned of potential short-term economic disruptions. National President of the Petroleum…

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Alleged $1.043m Fraud: Supreme Court Strikes Out Ajudua’s Motion,  Bail Hearing Resumes  in Lower Court

The Supreme Court on Thursday,  October 30,  2025  struck out a motion filed by socialite Fred Ajudua challenging its earlier judgment in the ongoing $1.043 million fraud case involving a Palestinian businessman, Zad Abu Zalaf. Ajudua, had before the apex court’s ruling,  filed a notice to withdraw the motion.  Following this development, trial proceedings resumed…

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FG Develops Policy for Front-of-Pack Warning Labels as Experts Push for National Salt Reduction Target

…Experts Advocate Reduced Salt Intake to Save Lives By Katherine Abayomi The recent report by the United Nations (UN) Global Health Report 2025, which names Nigeria as having the lowest life expectancy in the world has sparked deep concerns among health experts in the country, who are calling for urgent public awareness and stronger regulatory…

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Board warns Nigerians against fake paramilitary recruitment messages

The Civil Defence, Correctional, Fire and Immigration Services Board has warned Nigerians to beware of fraudulent recruitment messages circulating online, as the 2025 paramilitary recruitment exercise enters a crucial phase. In a statement posted on its official X handle late Wednesday, the board clarified that it will not contact applicants through email or SMS, stressing…

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Frontline Community Women Face Heightened Climate Injustice – Women Climate Assembly

By Katherine Abayomi Women living in frontline communities across Africa are bearing the brunt of climate change and environmental degradation, as they struggle daily to sustain their families amid dwindling natural resources. This concern was at the heart of discussions at the 4th African Women Climate Assembly, themed “Promoting Women’s Critical Role in Climate Change…

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National Assembly Approves Tinubu’s $2.35bn External Loan Request

The National Assembly has approved President Bola Tinubu’s request to secure a total of $2.347bn from the international capital market to part-finance the 2025 budget deficit and refinance maturing Eurobonds. Also granted was Tinubu’s request to issue a $500 million debut sovereign sukuk in the international capital market (ICM) to fund infrastructure projects and diversify…

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