The Federal Government on Friday issued a ‘Licence to Construct’ to UTM Offshore Limited for the development of a 2.8 million tonnes per annum Floating Liquefied Natural Gas facility. This historic project, the first of its kind in Nigeria, aligns with the government’s ongoing efforts to boost gas production, distribution, and utilisation under the Decade…
Eighteen months after the 2023 presidential election, the Independent National Electoral Commission (INEC) has offered clarification on the timing of the result declaration made in the early hours of March 1, 2023. President Bola Tinubu, the candidate of the All Progressives Congress (APC), was declared the winner with 8,794,726 votes, defeating Peoples Democratic Party (PDP)…
GISTSMATE MEDIA reports that President Bola Tinubu, on Friday, 6th September, concluded his official visit to China and headed for London, United Kingdom. According to the Special Adviser to Tinubu on Information and Strategy, Bayo Onanuga, the President would head to the UK via Dubai. GISTSMATE MEDIA earlier reported that President Tinubu told Nigerians living…
A Chief Magistrate Court in Sokoto State, on Friday, remanded Shafi’u Umar-Tureta in correctional centre custody for allegedly circulating falsehood against Sokoto State Governor, Ahmad Aliyu and his wife through a social media platform. Tureta was the Special Assistant to former Governor Aminu Tambuwal and was charged with circulating injurious falsehood and engraving matter known…
President Bola Tinubu has expressed his readiness to make tough decisions necessary for national progress. He acknowledged the challenge of achieving national consensus on various issues but emphasized the importance of such decisions for the country’s advancement. Concluding his official engagements in China, President Tinubu met with the Nigerian community and members of the Nigerians…
GISTSMATE MEDIA reports that the Federal Government has begun a process to obtain a fresh $2bn loan from the World Bank. The loan request submitted by the Ministry of Finance on behalf of the government is currently undergoing concept review, an appraisal stage that will lead to further negotiation and approval. According to documents posted…
The federal government through the Corporate Affairs Commission (CAC) has warned Point of Sale (POS) operators in the Fintech sector and threatened to shut down those who fail to register their businesses. The CAC in a statement on Friday noted that the 60-day deadline for registration, which expired on September 5, 2024, has not been…
The 2023 governorship candidate of the Labour Party in Lagos State, Gbadebo Rhodes-Vivour, has boasted that the Labour Party would not only win but take over power in Lagos in 2027. Rhodes-Vivour, who made the boast while fielding questions from newsmen in Umuahia, Abia state capital, where he attended an extended Stakeholders’ meeting of the…
The Federal Government has predicted five-day rainfall that may lead to flooding in 21 states and 123 locations. It also listed seven states that will likely be severely affected. They are Benue, Kogi, Anambra, Delta, Imo, Rivers and Bayelsa states. The flood prediction obtained on Thursday by our correspondent from the office National Flood Early…
The Nigerian National Petroleum Company Limited (NNPCL) says foreign exchange illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), popularly known as petrol. These, it said, are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA). GISTSMATE MEDIA reports that the newest…