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Business
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government plans to reduce inflation rate to single digit and create more jobs. Edun stated this during a press conference addressed by the Nigerian economic team, as part of activities marking the end of the 2025 the International Monetary ...
News
Vice-President Kashim Shettima has called for stronger international collaboration to advance Nigeria’s Human Capital Development 2.0 (HCD 2.0) strategy. Shettima made the call virtually at a high-level roundtable on the sidelines of the 2025 World Bank/International Monitory Fund Spring Meetings. The HCD 2.0 programme is designed to elevate Nigeria’s Human Capital Index (HCI). It will ...
News
Britain’s Prince William on Saturday paid his respects to the Pope on behalf of King Charles III, as he gathered with world leaders for the historic funeral in St. Peter’s Square. Prince William, side by side with Prime Minister Keir Starmer, stood for a moment’s silence in front of Pope Francis’s sealed wooden and zinc ...
Insurance
The National Pension Commission (PenCom) reported that total pension fund assets reached N21.92 trillion in October, reflecting an increase of N1.13 trillion from the N20.79 trillion recorded in July. Omolola Oloworaran, the acting director-general of PenCom, disclosed this during a media conference in Abuja on Thursday. The conference was themed ‘Tech-Driven Transformation: Shaping the Pension ...
Aviation
The Federal Airports Authority of Nigeria (FAAN) reported that it contributed a total of N218.3 billion from its internally generated revenue (IGR) and N352.3 million in stamp duty payments to the federation's consolidated revenue fund (CRF) account between 2020 and 2024. Olubunmi Kuku, FAAN’s managing director, announced the figures on Wednesday during a presentation before ...
Energy
Seplat Energy has announced the completion of its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. In a statement released on Thursday, the company described the deal as transformative, highlighting its potential to more than double production. Seplat added that the acquisition will enhance growth and profitability while making a significant contribution to Nigeria's ...
Business
Access Holdings has announced that its banking subsidiary, Access Bank Plc, has signed a binding agreement with South Africa’s Bidvest Group Limited to acquire a 100% equity stake in Bidvest Bank Limited. Access Holdings’ secretary, Sunday Ekwochi, announced the agreement in a corporate filing on the Nigerian Exchange Limited (NGX) on Thursday. Access Holdings said ...
Business
The Central Bank of Nigeria (CBN) has dismissed claims that it is selling foreign exchange (FX) to eligible Bureau de Change (BDC) operators at N1,301 per dollar. In a statement posted on X on Tuesday, the CBN clarified that a widely circulated document suggesting such a transaction did not originate from the bank. The fake ...
News
President Bola Tinubu has appointed Shamseldeen Ogunjimi as the acting Accountant General of the Federation (AGF). In a statement released on Tuesday by Bayo Onanuga, the president’s special adviser on information and strategy, the appointment takes immediate effect as Oluwatoyin Madein, the outgoing AGF, proceeds on pre-retirement leave. "With this appointment, President Tinubu ensures a ...
Aviation
The Nigerian Civil Aviation Authority (NCAA) says it will sanction airlines for delayed ticket refunds. In a statement on Tuesday, Michael Achimugu, NCAA’s director of public affairs and consumer protection, said ticket refund compliance remains a key pillar of the agency’s consumer protection agenda. Achimugu stressed that airlines must strictly adhere to refund timelines as ...
Energy
Oil prices dropped on Tuesday as concerns eased about the fallout from Syrian President Bashar al-Assad’s overthrow. The price of Brent crude, the global oil benchmark, fell by 0.11 percent to $72.06 per barrel while US West Texas Intermediate crude price dropped 0.20 percent at $68.23 at 09.50 WAT. Both benchmarks had climbed more than ...
News
The federal capital territory (FCT) high court has declined the bail application filed by Yahaya Bello, former governor of Kogi. Maryann Anenih, the trial judge, ruled that Bello’s bail application was filed prematurely before the ex-governor was taken into custody. On November 27, Bello and his co-defendants Umar Shoaib Oricha and Abdulsalami Hudu were arraigned ...
