Economy Intelligence

The Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has been briefed on reports of gas seepage in Bille Community. The seepage was observed in the ground and surrounding water bodies. This briefing suggests potential environmental and economic concerns for the local community. Further investigation is likely needed to...

China has announced intentions to deepen its green cooperation with Nigeria, signaling a commitment to sustainable development initiatives. The focus of this collaboration will be on clean energy solutions, the transfer of green technologies, and joint efforts in global climate governance. This partnership aims to support Nigeria's transition to a...

The Persian Gulf's ecosystem, already strained by climate change and maritime activity, faces further threats due to escalating tensions involving the US, Israel, and Iran. The potential for war raises concerns about the survival of vulnerable species like dugongs, turtles, and birds. These animals are susceptible to habitat destruction and...

Medical experts are raising concerns about the impact of rising global temperatures on the spread of tropical diseases. These diseases, they warn, can severely damage kidneys, exacerbating the existing burden of kidney-related ailments. The experts highlight a potential public health crisis if preventative measures are not taken. This warning...

The Nigerian Meteorological Agency (NiMet) has issued a weather forecast predicting dust haze across Nigeria from Wednesday to Friday. The forecast, released on Tuesday in Abuja, anticipates moderate dust haze in the northern region, reducing horizontal visibility to between two and five kilometers. Localized areas may experience even lower...

The Nigerian Meteorological Agency (NiMet) in Abuja has unveiled its Strategic Plan 2026–2030. According to the agency, this marks a significant milestone in its efforts to enhance performance. The plan is expected to guide NiMet's activities and investments over the next four years. Stakeholders anticipate that the strategic plan will lead to...

Edo State Governor Monday Okpebholo is actively seeking investors for alternative power supply projects within the state. He has pledged to offer incentives to attract these investors, demonstrating his commitment to diversifying the state's energy sources. Okpebholo's administration aims to create a more reliable and sustainable power...

The Nigerian Meteorological Agency (NiMet) has forecasted a three-day dust haze across Nigeria starting Wednesday. The agency anticipates localized visibility of less than or equal to 1,000 meters in parts of Katsina, Kano, and Jigawa states. This weather condition is expected to impact transportation and air quality in the affected regions....

The Lagos State Government is implementing an initiative to transition residents to solar-powered home systems. This move aims to address the persistent issues of grid failures that disrupt power supply. Rising energy costs have also prompted the government to seek alternative, reliable power sources for its citizens. By adopting solar power, the...

The Ondo State Police Command has launched an investigation into a plot to poison the water source for the Aponmu-Lona community in the Idanre Local Government Area. Philips Odefila was allegedly apprehended while attempting to poison the stream. This stream serves as the primary source of drinking water for the community. The police are currently...