Military By Sumaila Ogbaje A defence and security professional, Dr Zulaykhah Aileru, has urged Nigeria to prioritise domestic defence production in order to reduce reliance on foreign military equipment and strengthen national security capability. Aileru, a Public Safety and Certified Protection Professional, made the call on Monday in Abuja, whileContinue Reading

By Olawunmi Ashafa Mr Anil Padia, Programme Director, ORUN X Designers, an initiative of Africa Currency Network, says the platform is empowering African artisans to drive production, innovation and global market access.   Padia disclosed this to the News Agency of Nigeria (NAN) on the sidelines of the Heirs ofContinue Reading

By Emmanuel Afonne The Federal Ministry of Innovation, Science and Technology has signed a landmark Memorandum of Agreement (MoA) with Shanghai Haiqi Industrial Company Ltd. China, to establish Nigeria’s first local insulin production facility. The agreement marks a significant step towards addressing the country’s insulin production needs and reducing relianceContinue Reading

By Aderonke Ojediran The Lagos State Government has urged Nigerians to embrace locally made products to boost Small and Medium Enterprises (SMEs) and strengthen the national economy.   Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folasade Ambrose, made the appeal on Monday during the 16th National CouncilContinue Reading

  By Sumaila Ogbaje, News Agency of Nigeria (NAN) Nigeria’s defence sector is undergoing a significant transformation. The country is shifting its focus from reliance on foreign defence equipment to developing its local defence production capabilities. This revolution is not only strengthening Nigeria’s national security but also contributing to theContinue Reading

By Emmanuella Anokam The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries have reaffirmed commitments to monitor production adjustment aimed at maintaining stability in the global oil market. The OPEC made this known in the resolution of its 58th Meeting of the Joint Ministerial Monitoring Committee (JMMC) which wasContinue Reading

By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 2025 budget is predicated on 2.062 million barrels crude oil production at 75 dollars per barrel. Nigeria’s current production is averaging 1.7 million barrels leaving a deficit of about 350,000 barrels to be bridged. Mr Gbenga Komolafe, CommissionContinue Reading