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]]> Investment in Victoria Island Embedded Power Plant to enhance grid reliability, cut carbon emissions, and lower energy costs for businesses. The Coronation Infrastructure Fund (CIF), managed by Coronation Asset Management Limited, has announced a significant investment disbursement to the Victoria Island Embedded Power Plant (VIPL). Developed by Elektron Energy, the 30 MW natural gas-fired […]

]]> President Bola Tinubu has accepted the resignation of Badaru Abubakar, Nigeria’s Defence Minister, who resigned his appointment, with immediate effect. Bayo Onanuga, Presidential Spokesman, said in a statement on Monday that Abubakar’s resignation letter, dated December 1, was sent to President Tinubu. He said the minister cited health reasons for his decision. According to […]

]]> The Defence Industries Corporation of Nigeria (DICON) has unveiled plans to produce 30 million rounds of ammunition annually and move toward self-sufficiency in gunpowder production. The announcement was made by Babatunde Alaya, DICON’s Director-General, during a press briefing ahead of the 2026 Africa International Defence Exhibition (AFRIDEX), scheduled to hold from 26–29 October in […]

]]> Dangote Petroleum Refinery will begin supplying 50 million litres of Premium Motor Spirit (PMS) per day to the Nigerian market from December 1, as part of a broader plan to deliver 1.5 billion litres monthly through the festive period and into early 2026. The pledge, announced over the weekend by Aliko Dangote, president and […]