THE Federal Government,  yesterday, admitted that Nigeria was ill-prepared to take advantage of the significant increase in the demand for natural gas by European countries following the outbreak of the Russian-Ukrainian war last year. Following the outbreak of the war and imposition of sanctions, Russia cut gas supply to European countries leading to a huge energy crisis and increased demand for alternative sources of gas. With over 200 trillion cubic feet of natural gas reserve and regarded as one of the leading gas resource countries in the world, Nigeria failed to reap from the huge rise in demand due to poor investments and lack of foresight.

There are strong indications that members of the Parliamentary Staff Association of Nigeria, PASAN, may commence a nationwide strike from tomorrow over the non-implementation of the Financial Autonomy Act by the state governors.

By Ebunoluwa Sessou As part of the United State’s efforts to contribute its quota to the improvement of Nigeria’s economy, the Deputy Assistant Secretary of State (DAS) Joy Basu, who oversees Economic and Regional Affairs in the Department of State’s Bureau of African Affairs last week came on a-2-day visit to Nigeria to discuss specific […]

THE price of Premium Motor Spirit, otherwise known as petrol increased year-on-year, YoY, by 226.75 per cent to N626.21 per litre in September 2023, from N191.65 per litre, recorded in the corresponding period of 2022. This is even as the price of the product continues to rise in many states, due to the inability of oil marketers to import, many months after deregulation of Nigeria’s downstream sector.

By James Ogunnaike ABEOKUTA: The Rector of Moshood Abiola Polytechnic (MAPOLY), Abeokuta, Dr. Adeoye Odedeji has appealed to major stakeholders in the nation’s education sector for proper funding of polytechnics, so as to sustain the academic excellence and enhance technological development of the country. Dr. Odedeji made the call at the weekend while playing host […]