Author: Africa News Nation

By| Goodluck E.Adubazi, Abuja The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have launched a $100 million Nigerian Content Equity Fund (NCEF) to provide long-term equity financing to indigenous oil and gas companies and accelerate local content development. The Investment Committee of the Fund was inaugurated in Lagos on Friday by the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, marking a major step towards the implementation of the new financing window under the Nigerian Content Intervention Fund (NCI Fund). Under the scheme, the $100 million Fund has an obligor limit of $5 million,…

By| Goodluck E.Adubazi, Abuja The African Democratic Congress (ADC) senatorial aspirant for Kogi Central, Prince Murtala Omolori, and Adavi /Okehi House of Representatives, Hon. Aisha Ibrahim Adoke (AIA ) has vowed to pursue every lawful and democratic avenue to reclaim what both described as the People’s mandate following the disputed party primary held on May 21, 2026. Omolori, in a statement issued on Sunday to ADC supporters across Kogi Central Senatorial District, commended members of the party for their resilience, loyalty and commitment to strengthening the party’s grassroots structures across the constituency. He said his decision to contest the 2027…

By| Goodluck E.Adubazi, Abuja The Nigeria Customs Service (NCS) has received international recognition after its flagship Corporate Social Responsibility (CSR) initiative, Customs Cares, won the Commonwealth Environment and CSR Gold Award in Glasgow, Scotland. The award, presented on Friday, July 31, 2026, recognises organisations implementing measurable, sustainable and community-driven interventions that contribute to the achievement of the United Nations Sustainable Development Goals (SDGs). The Nigeria Customs Service emerged winner for its innovative Hub-and-Spoke Community Activation Model, which has delivered interventions in education, healthcare, food security, clean water and environmental sustainability across the country. Receiving the award on behalf of the…

… Says ₦9.36bn Travel, Feeding Allocation for Tinubu, Shettima Could Fund 62 Schools, 208 Boreholes, 5 PHCs By| Goodluck E.Adubazi, Abuja ActionAid Nigeria has called on the Federal Government and state governments to shift public spending away from prestige projects and excessive administrative expenditure towards investments that directly improve the lives of Nigerians. The organisation’s call followed President Bola Ahmed Tinubu’s recent appeal to state governors to discontinue the construction of unnecessary flyovers in locations without significant traffic congestion and instead prioritise projects with greater benefits to citizens. ActionAid Nigeria said the President’s remarks should trigger a broader national conversation…

••• Northern, Central States Face Afternoon Storms; Southern Region Set for Persistent Rainfall, Flood Risk By| Goodluck E.Adubazi, Abuja Nigeria is expected to experience widespread thunderstorms and rainfall on Sunday, August 2, 2026, with the (NiMet) forecasting varying degrees of rain across the northern, central and southern parts of the country. In the Northern States, patches of clouds are expected during the morning, with thunderstorms accompanied by moderate rainfall over parts of Taraba and Adamawa States. The weather is expected to become more unsettled in the afternoon and evening, with moderate thunderstorms forecast over parts of Borno, Zamfara, Katsina,…

By| Goodluck E.Adubazi, Abuja The Federal Government has announced plans for fresh investment in the stabilisation of the national electricity grid, as part of efforts to end recurring system collapses, voltage fluctuations and persistent disruptions in power supply across the country. The Minister of Power, Joseph Tegbe, said the government was moving beyond temporary interventions to undertake a structural overhaul of the transmission network, stressing that a stable grid remains critical to achieving sustainable improvements in electricity generation and distribution. Tegbe said the government could not effectively address gains in power generation or implement distribution reforms without first ensuring that…

.. Congress Gives Electoral Committee 30 Days to Conduct Fresh Elections By| Goodluck E.Adubazi, Abuja The Environmental Media Correspondents Association of Nigeria (EMCAN) has dissolved its existing executive leadership and constituted an interim leadership committee to reposition the association and pave the way for credible elections. The decisions were reached at an Emergency Congress of EMCAN held on Friday, July 31, 2026, in Abuja, where environmental journalists from various media organisations deliberated extensively on the state of the association, its leadership structure and the need to strengthen its governance. The Congress unanimously endorsed Joycelyn Ellakeche Adah of…

•North Central Group Pledges Peaceful Campaign, Backs Tinubu’s Second-Term Bid By| Goodluck E.Adubazi, Abuja The Team Gbaja, North Central Zone, has declared its support for President Bola Ahmed Tinubu’s Renewed Hope Agenda and pledged to mobilise support for the administration ahead of the 2027 general elections. The group made the declaration on Friday at a peaceful sensitisation and mobilisation rally held at the All Progressives Congress (APC) National Headquarters in Abuja. The rally also featured commendation for the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, whose commitment to public service, according to the group, continues…

• Revenue Hits ₦4.39TRN As Federation Payments Rise To ₦6.29TRN By| Goodluck E.Adubazi, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a ₦535 billion profit after tax (PAT) in June 2026, representing a 15.8 per cent increase from the ₦462 billion recorded in May. The latest performance is contained in the company’s June 2026 Monthly Financial and Operations Report, highlighting continued strong financial performance and contribution to Nigeria’s national revenue. NNPC Ltd. reported total revenue of ₦4.389 trillion during the month, while its cumulative statutory payments to the Federation between January and June 2026 rose to…

By| Goodluck E.Adubazi, Abuja ActionAid Nigeria has condemned the alleged torture and killing of 25-year-old University of Jos student, Ibrahim Mbaya, following an accusation that he stole a mobile phone. The organisation described the incident as “horrifying” and called for a thorough investigation and prosecution of all those found responsible for the death. According to ActionAid Nigeria, reports that Mbaya was allegedly tied up and assaulted until he became unconscious underscore a disturbing breakdown in respect for the rule of law, human dignity and the right to life. The organisation stressed that no allegation of theft or any other offence…