Nigeria’s fragile electricity system suffered another major breakdown on Tuesday as the national power grid collapsed for the second time in just four days, plunging large parts of the country into darkness and renewing concerns over the stability of Africa’s largest power market. Data monitored by Global Mirror News shows that electricity generation fell sharply…
Ogun State Governor, Prince Dapo Abiodun, has said the commencement of commercial oil drilling at Eba and the renewed push to actualise the Olokola Deep Seaport will significantly redefine the economic future of the state and unlock the vast potential of its coastal axis. The Governor stated this at the weekend while receiving the Flag…
Nigeria’s Electricity Sector was again thrown into turmoil as the National power grid collapsed, plunging most parts of the Country into darkness and underscoring persistent structural weaknesses in the Nation’s energy infrastructure. Findings from Global Mirror News gathered across the Country indicate that the grid disturbance occurred before midday, leading to an abrupt loss of…
— Port Rebranded as Blue Marine Economic Zone Ogun State is poised to become an oil-producing State following President Bola Ahmed Tinubu’s approval for the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area, Global Mirror News has gathered. Governor Dapo Abiodun disclosed this on Thursday December 22, while receiving the…
The Ogun State Government’s Aquaculture support initiative under the Ogun State Economic Transformation Project (OGSTEP) has generated an estimated ₦9.17 billion in revenue for fish farmers across the State, following sustained investments in feed subsidies, infrastructure development and capacity building. The Commissioner for Agriculture and Food Security, Hon. Bolu Owotomo, disclosed this in Eriwe, Ijebu,…
In a bold push to reposition Agriculture as a major economic driver, the Ogun State Government has launched a sweeping mechanisation and youth-inclusion strategy aimed at boosting food production, strengthening Agribusiness and guaranteeing food security across the State. Governor Dapo Abiodun’s administration, according to the Commissioner for Agriculture, Mr. Bolu Owotomo, is implementing key programmes…
Global oil prices extended their downward slide on Wednesday after United States President Donald Trump announced that between 30 million and 50 million barrels of Venezuelan crude oil would be turned over to the United States and sold for the benefit of both Countries, a move that eased supply concerns and pressured energy markets. The…
The Chartered Institute of Taxation of Nigeria (CITN) has clarified that bank account balances are not subject to taxation under Nigeria’s newly implemented tax regime, stressing that only certain electronic transfers attract a statutory ₦50 stamp duty. The clarification was given on Tuesday by the Chairman of the CITN Abuja District, Mr. Ben Enamudu, during…
Nigeria’s Banking Industry is confronting a renewed rise in non-performing loans following the Central Bank of Nigeria’s (CBN) withdrawal of regulatory forbearance measures introduced during the COVID-19 pandemic, Global Mirror News has gathered. Recent financial stability data indicate that bad loans across the sector have climbed above the CBN’s prudential benchmark, reflecting underlying credit stress…
Political parties across Nigeria, operating under the umbrella of the Forum of National Chairmen of Political Parties (NCPP), have announced plans to stage a Nationwide rally on January 10, 2026, in support of the Federal Government’s newly introduced tax regime, Global Mirror News reports. The decision followed an extensive consultative meeting of party leaders, led…
