Author: Vardiafrica

Determined to build Nigerian workforce with practical skills for top careers in the local and international oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Chevron Nigeria Limited (CNL) and Bristow Helicopters Nigeria Limited (BHNL), has commenced a significant Human Capacity Development (HCD) programme aimed at developing a new generation of pilots for the aviation segment of the oil and gas industry. The training was unveiled in Lagos on Wednesday, and will provide 10 Nigerians with world-class aviation training, positioning them for careers in one of the specialised and critical sectors supporting offshore oil and…

The World Bank Group has announced plans to provide up to $100 billion in financing support to developing countries over the next 15 months as the escalating Middle East conflict increases risks to global economic growth. The funding package follows the bank’s latest Global Economic Prospects report, which warned that rising energy prices, accelerating inflation, and higher borrowing costs are placing significant pressure on developing economies already grappling with multiple economic challenges. According to the World Bank, between $50 billion and $60 billion will be made available immediately through existing financing instruments, including $25 billion in pre-arranged financing. The institution…

The protest against widespread insecurity has entered its third day in Nigeria’s capital city. The protesters, who are demanding improved security, blocked a bridge on Karu-Nyanya expressway, which links Nasarawa and Abuja.Wielding placards and chanting anti-government songs, they demanded that the government wake up to its responsibility of protecting lives. They first converged on a bridge in the axis before marching towards Nyanya. The demonstration caused heavy traffic congestion along the Abuja-Keffi Expressway, leaving many commuters stranded for hours. The protesters said the increasing incidents of kidnappings, violent attacks and general insecurity had made life unbearable for residents, urging the…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured a warrant of arrest against Uche Nnaji, a former minister of innovation, science and technology. According to Premium Times, in a ruling on Thursday, a federal high court in Abuja granted the order for arrest following an ex parte motion filed by the ICPC in a suit marked FHC/ABJ/CS/1160/2026. Osuobeni Akponimisingha, ICPC counsel, also confirmed the development to TheCable. President Bola Tinubu appointed Nnaji as minister in August 2023. Nnaji resigned as minister following allegations that he forged the academic and National Youth Service Corps (NYSC) credentials submitted during his…

Meta-owned social media platforms Facebook and Instagram experienced a widespread outage on Friday, leaving millions of users worldwide unable to access their accounts for some time. The disruption affected Facebook’s website, mobile application and Messenger service, with many users reporting that they were unexpectedly logged out of their accounts. Attempts to log back in were met with error messages stating that “an unexpected error occurred,” while visitors to Facebook’s website were shown a notice indicating that the company was working to resolve the issue. As the outage spread, users flocked to X, formerly known as Twitter, to confirm whether others…

President Bola Tinubu has announced national honours for a broad cross-section of Nigerians who played significant roles in the country’s pro-democracy struggle, particularly around the June 12 political crisis. He described them as individuals who endured persecution, incarceration, exile and various forms of hardship to secure Nigeria’s democratic rule. The June 12 pro-democracy movement remains one of the defining political episodes in the country’s history, widely associated with the struggle for the validation of the 1993 presidential election and the country’s eventual return to democratic rule in 1999. In the list released by the Presidency, the awardees include lawyers, journalists,…

President Bola Tinubu has called on Nigerians never to stop believing in the country even while criticising and disagreeing with him. Tinubu made this call on Friday during his nationwide broadcast to mark the 27 anniversary of Nigeria’s uninterrupted democracy. According to him, democracy fails when citizens doubt the process, describing the National Assembly, judiciary, the press, and civil society as the guardrails of Nigeria. “Criticise me, disagree with me, but never stop believing in the nation. “To our young people, Nigeria is your home and your future. Build here, work here, and eat here. Every great nation was built by those…

The United Kingddom has launched a £15 million Growth Programme aimed at attracting private investment, supporting economic reforms and creating new opportunities for businesses across Nigeria. The initiative was announced during a two-day visit to Nigeria by the UK Minister for Africa and International Development, Baroness Jenny Chapman, as part of efforts to strengthen economic cooperation between both countries. According to the British High Commission, the three-year programme is designed to unlock private-sector capital, accelerate economic transformation and support Nigeria’s transition to sustainable, reform-driven growth. A key highlight of the visit was Chapman’s meeting with the Chairman of the Presidential…

Elon Musk, chief executive officer (CEO) of Tesla, has become the world’s first trillionaire after the successful initial public offering (IPO) of SpaceX. According to Bloomberg on Friday, Musk’s net worth climbed to $1 trillion on Friday, from $707 billion on Wednesday. Adam Sarhan, chief executive of 50 Park Investments in New York, told the publication that the real test for SpaceX will be how the market digests the IPO over the next several weeks, not just one day. On Thursday, Reuters said SpaceX, an aerospace manufacturer, set a price of $135 per share for its IPO, resulting in a $75 billion…

President Bola Tinubu has issued one of his strongest warnings yet to bandits, kidnappers and sponsors of terrorism, declaring that those who continue to threaten Nigeria’s peace and security will face the full force of the law. In a hard-hitting nationwide Democracy Day broadcast message on Friday aimed at criminal elements across the country, the President said the window for surrender and repentance would not remain open indefinitely. “To bandits, kidnappers, and sponsors of terror: Surrender or face the full force of the Nigerian State,” Tinubu said. “These windows of surrender will not remain open forever. No mercy will be…