P&G to Terminate Manufacturing Operations In Nigeria

The United States consumer goods powerhouse Procter & Gamble (P&G) will end manufacturing in Nigeria and pivot to import-only activity, as revealed by the company on Tuesday. The multinational expects $2.5 billion in charges over the next two years from reshuffling operations in some of its markets and writing down the value of its Gillette business. The maker of iconic brands including Pampers, Gillette, Ariel, Always, and Oral-B could incur charges anywhere between $1 billion and $1.5 billion after-tax from restructuring its operations in Nigeria and Argentina, two markets where the business has been problematic for the corporation.

Climate Change: UAE To Set Up Humanitarian Response Stations Across Nigeria

The Federal Government has secured the agreement of the United Arab Emirates (UAE), to set up humanitarian response stations across Nigeria in a bid to bring timely succor to victims of disasters. The Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, revealed this while discussing with State House correspondents in Dubai, UAE, after her interactions with officials of the Emirati government at the ongoing United Nations Climate Change Conference (COP28).
She explained that the UAE Red Cresent, which is equivalent to the Red Cross, was now ready to build a more resilient humanitarian response system across the country.

Nigeria, Kuwait Direct Flights To Commence - Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo, via his X handle (formerly Twitter) has disclosed that the Nigerian government has signed a Bilateral Air Services Agreement (BASA) with Kuwait for the commencement of direct flights. The agreement was signed at the ongoing International Civil Aviation Negotiation (ICAN) Event of the International Civil Aviation Organization (ICAO) in Riyadh, Saudi Arabia.

FG Rolls Out 100 Electric Buses to Transform Transportation System Across Nigeria

The Federal Government has announced Nigeria's forthcoming deployment of 100 electric buses, marking a pivotal move towards a more sustainable and environmentally friendly future. 

Tinubu Arrives Abuja From Dubai

President Bola Tinubu has returned to Abuja after attending the 28th United Nations Climate Change Conference, (COP 28) in Dubai, the United Arab Emirates (UAE). The president who had a successful outing held bilateral talks with King Charles of England, the President of UAE, the German chancellor as well and several world leaders.

Ogun Is Also An Oil Producing State - State Gov.

Given the exploration of oil in Tongeji Island, Olokola in Ipokia, and Ogun Waterside local government areas of the state respectively, the State Governor, Prince Dapo Abiodun, during the presentation of the year 2024 Appropriation Bill which he christened “Budget of Sustained Growth and Development” at the Ogun State House of Assembly disclosed that the state would soon be given the frontier status and join the league of oil-producing states in the country.

FG Moves To Revoke Unused Oil Exploration Leases

The federal government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering revoking licenses of oil and gas companies holding vast swathes of undeveloped oil assets. The move is expected to have significant implications for the country's energy sector. This was made public by the Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, on Monday.

Germany To Improve Nigeria Electricity Supply

Nigeria and Germany have signed an agreement that accelerates the Siemens Power Project which is aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The agreement was signed on the sidelines of the COP28 climate summit, by Mr. Kenny Anuwe, Managing Director and CEO of FGN Power Company, and Ms. Nadja Haakansson, Siemens Energy’s Senior Vice President and Managing Director for Africa.

Julius Berger Hands Over Second Niger Bridge To FG

Construction giant and contractor of the Second Niger Bridge, Julius Berger, has officially handed over the Second Niger Bridge to the Federal Government seven months after it was inaugurated by previous administration. The 1.6 kilometres long bridge links Anambra and Delta states and was estimated to ₦336 Billion. Initially, the project was launched on May 23, 2023, during the eve of the former president, Muhammad Buhari’s tenure. But then there were ancillary roads and other construction works that needed to be done after the inauguration.

Nigerian Airports: FAAN Prohibits ‘Ghana Must Go’ Bags

The Federal Airports Authority of Nigeria (FAAN) has prohibited the use of travel sacks, popularly known as ‘Ghana Must Go’ by passengers at all the nation’s airports especially international airports.