Latest in
By Seun Ibiyemi The Federal Government has secured a $14 billion investment from India, covering various sectors, according to the Minister of Foreign Affairs, Yusuf Tuggar. The announcement was made during the 5th Ministerial Press Briefing in Abuja on Thursday. Beyond the Indian investment, the country has also obtained €250 million from the Netherlands to ...
...Preparing for N350bn private placement FirstHoldco Plc has announced the successful completion of its N150 billion Rights Issue, which attracted an impressive 25 per cent oversubscription. This achievement paves the way for the company’s next strategic move: a Private Placement aimed at raising an additional N350 billion. Speaking on the capital-raising initiative, Adebowale Oyedeji, Group ...
...Harps on benefits of proposed Naira swap for both countries By Jabiru Hassan The Federal Government has charged the Chinese government to increase its investment in the country and facilitate enhanced technology transfer. This appeal was made when the Minister of Works, Sen. (Engr.) David Nweze Umahi received on a courtesy visit the Chinese Ambassador ...
Fidelity Bank Plc has announced 20 new millionaires at the 2nd and 3rd monthly draws of its Get Alert in Millions Season 6 (GAIM 6) promo held at the bank corporate head office in Lagos. The 20 lucky winners, randomly selected through an electronic draw across Lagos, North, Abuja, South-West, South-South, and South-East zones, will ...
The African Development Bank (AfDB) has invested over $8 billion in water infrastructure projects across 40 African nations since the year 2000, directly benefiting more than 92 million people. This was revealed by Mr Johannes Chirwa, Director of the Water Development and Sanitation Department at AfDB, during the African Ministers’ Council on Water (AMCOW) West ...
The President and Group Chief Executive Officer of Transnational Corporation Plc, Dr Owen Diana Omogiafo, has announced that Transcorp Plc has disbursed over ¦ 55 billion in dividends to its shareholders, reflecting the company’s consistent financial performance and long-term strategic vision. Speaking on Arise TV, she highlighted that Transcorp Plc is listed on the Nigerian ...
...As Abiodun lauds Dangote for construction of Sagamu-Papalato-Ilaro road The President of Dangote Group, Alhaji Aliko Dangote, has stated that his company decided to reinvest in Ogun State due to the visionary leadership and deliberate investor-centric policies of the Prince Dapo Abiodun administration. Dangote, who made this disclosure on Monday during a courtesy visit to ...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.18 per cent in February 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for February 2025, which was released in Abuja on Monday. According to the report, the headline inflation showed a decrease of 1.30 per ...
Nigeria and Cuba on Monday signed a Memorandum of Understanding (MoU) to bolster bilateral cooperation between the two countries. According to a communique by Kiemebi Ebienfa, Acting Spokesperson of the Ministry of Foreign Affairs in Abuja, the MoU was aimed at deepening bilateral relations between Nigeria and Cuba. The Minister of Foreign Affairs, Amb. Yusuf Tuggar ...
… lauds Gov Abiodun's Vision and policies on attracting investment to Ogun State Africa's foremost Industrialist and President of Dangote Industries Limited, Aliko Dangote, has disclosed his plan to build in Ogun State, a multi-billion-dollar Seaport, which will be the largest in Nigeria. He also said two new lines with a capacity of 6.0 million ...
…credits Governor Dapo Abiodun for revival Alhaji Aliko Dangote has declared that the Dangote Cement Plc will resume production at her Plant in ltori, Ogun State. The African richest man made this known when he paid the Ogun State Governor, Prince Dapo Abiodun a visit at the Governor's office earlier today. Speaking during the meeting ...
The Secretary of the Universal Service Provision Fund (USPF) of the Nigerian Communications Commission (NCC), Mr. Yomi Arowosafe, has commended the International Telecommunication Union (ITU) and the United Kingdom Foreign, Commonwealth & Development Office (UK FCDO), for their collaboration with Nigerian government to deepen rural connectivity for socio-economic development of the country. Arowosafe gave the ...
By Tosin Ajayi Through a legacy of excellence and Innovation, First Bank of Nigeria Limited, the country’s oldest and most distinguished financial institution, has once again solidified its reputation as a leader in the banking industry. The Bank was recently crowned the Best SME Bank in Nigeria and the Best SME Bank in Africa at ...
...As NCC vows to remove Nigeria from top spamming country list Airtel Africa, a leading provider of telecommunications and mobile money services across 14 African countries, has today in Nigeria launched a ground-breaking artificial intelligence (AI)-powered Spam Alert Service, which will be available to all its subscribers at no cost. This unprecedented service, which offers ...
As part of the activities commemorating the 2025 International Women’s Month, Africa’s Global Bank, United Bank for Africa (UBA) Plc, hosted the quarterly edition of its Business Series event, where pioneering female leaders from diverse industries shared personal insights on overcoming systemic challenges, driving change, and redefining success. The hybrid event, held at the Tony ...
Access Bank PLC convened leading policymakers, business executives, and industry stakeholders in Cape Town yesterday for the first-ever Africa Trade Conference, an initiative aimed at unlocking the continent’s immense trade potential. The conference was organised in response to the evolving global trade landscape, underlining Africa’s need to strengthen its economic resilience through deeper regional cooperation ...
...Innovative financing strategies will bridge N14trn budget deficit By Seun Ibiyemi The Federal Government, through the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, has described the 2025 budget as ‘bold, ambitious, and essential’ for sustaining economic expansion. Speaking in Lagos on Monday after the KPMG Budget 2025 Day, Bagudu stated that the economy ...
By Seun Ibiyemi Nigeria’s petrol imports soared in 2024, more than doubling despite increased local refining capacity, underscoring the nation’s ongoing reliance on foreign fuel supplies. The latest foreign trade statistics report from the National Bureau of Statistics (NBS) indicates that petrol import costs rose by 105.3 per cent to N15.42 trillion in 2024, compared ...
In a renewed effort to revitalise Nigeria’s maritime sector, the Federal Government has pledged to support industry growth through targeted financing and policy initiatives. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, reaffirmed this commitment during a meeting with the Director-General and CEO of the Nigerian Maritime Administration and Safety ...
By Seun Ibiyemi The Federal Executive Council (FEC) has approved nearly $100 million (¦ 151.9 billion) to implement a large-scale electric vehicle (EV) transportation project in northeast Nigeria. This initiative aligns with the government’s strategy to reduce carbon emissions, modernise public transport, and promote energy efficiency. Under the scheme, Bluecrest Integrated Concept Limited will supply ...
By Seun Ibiyemi The National Bureau of Statistics (NBS) has reported that Nigeria generated ¦ 13.78 trillion from crude oil exports in the fourth quarter of 2024. This information was detailed in the bureau’s latest publication, “Foreign Trade Statistics Report 2024 Q4”, which provides insights into the country’s trade performance. The report indicates that Nigeria’s ...
The Securities and Exchange Commission (SEC) has issued a warning to the public against investing in the ‘Pro-Vest’ investment scheme and ‘My Share’, which operates under UYJ Multi Trade Ltd. In a notice released on Friday in Abuja, SEC stated that ‘Pro-Vest’ was being promoted by Promiseland Estates Ltd. and Promiseland Building & Construction Ltd., ...
