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Heirs Holdings Founder and Group Chair, Tony Elumelu, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, champions entrepreneurship as ...
By Ismail Azeez President Bola Tinubu has reiterated his dedication to ensuring the safety and well-being of Nigerians, stressing that these remain his foremost concerns in both governance and prayer. Speaking to journalists on Friday after a special Juma’ah prayer session held at the National Mosque, Abuja, in honour of his 73rd birthday, Tinubu expressed ...
Senator representing Edo North, Senator Adams Oshiomhole has stated why he is opposed to the proposed posthumous recognition for the late Professor Humphrey Nwosu, the former chairman of the defunct National Electoral Commission (NEC). Speaking during a session at the Senate on Thursday, Oshiomhole, who represents Edo North, accused Nwosu and former military ruler, Ibrahim ...
President Bola Ahmed Tinubu has approved the nomination of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), reinforcing the board’s capacity to drive local content growth in Nigeria’s oil and gas industry. This was disclosed in a statement on Thursday by Special Adviser to the President on ...
Nigeria’s national oil company, NNPC Limited on Thursday said it has begun the assessment of potential partners ahead of its Initial Public Offer at the Nigerian Stock Exchange, in line with the provisions of the Petroleum Industry Act. The company in a statement by its Chief Corporate Communications Officer, Mr Olufemi Soneye said it is ...
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has announced its plans to expand operations to Saudi Arabia and France, further solidifying its position as a leading financial institution with a robust international footprint. This strategic move is part of UBA’s broader vision to tap into key global financial markets, enhance its service offerings, ...
The House of Representatives on Thursday passed for second reading a bill seeking to impose a 60-year age limit on presidential and gubernatorial candidates in the country. NewsDirect reports that the bill would effectively bar political figures such as President Bola Tinubu, former Vice President Atiku Abubakar, and Labour Party’s 2023 presidential candidate, Peter Obi, ...
By Seun Ibiyemi The Federal Government through Nigeria Customs Service (NCS) has waived import duty and Value Added Tax (VAT) on critical raw materials essential for pharmaceutical production for a period of two years. Its Spokesperson, Abdullahi Maiwada, made this known in a statement on Wednesday in Abuja. Maiwada explained that the waiver aligned with ...
By Ismail Azeez The prolonged dispute between the Osun State Government and Thors Explorations Limited was amicably resolved on Tuesday in the presence of Osun State Governor, Senator Ademola Adeleke, Minister of Solid Minerals, Dele Alake, and the management of Thors Explorations Limited. Following a conflict resolution meeting convened by the Minister of Solid Mineral ...
There was widespread jubilation among National Youth Service Corps (NYSC) members as the Federal Government has officially commenced the long-awaited payment of N77,000 monthly allowance, a move that has brought relief to thousands of corps members across Nigeria. The increase, which was announced by President Bola Ahmed Tinubu in September 2024, had left many corps ...
Airtel Africa Foundation has donated ¦ 1 billion to the Federal Government of Nigeria in fulfilment of its pledge to support the 3 Million Technical Talent (3MTT) programme. During a ceremony at the Ministry of Communications, Innovation & Digital Economy, the Foundation’s Chairman, Dr Segun Ogunsanya, presented the cheque to the Honourable Minister, Dr ‘Bosun ...
Customer deposits in Zenith Bank have surged by 45% according to the Bank’s audited financial results for the year ended December 31, 2024. In the year under review, customer deposits surged by 45% from N15 trillion to N22 trillion in 2024, reflecting a historically strong corporate deposits portfolio and a sustained increase in retail deposits. ...
The Senate on Wednesday confirmed the nomination of Dr Bala Bello, representing North-East as part-time Chairman of the Asset Management Corporation of Nigeria (AMCON). Also confirmed were five other nominees for appointment as Non -Executive Directors of AMCON. Their confirmation followed presentation and adoption of report of Committee on Banking, Insurance and other Financial Institutions ...
In a bold move to drive industrial growth and food security, Ogun State Governor, Prince Dapo Abiodun, has announced a strategic partnership with Ambar Energia, a leading Brazilian energy company, to establish power plants across the state. This initiative aligns with his administration’s commitment to providing reliable power supply and boosting agricultural production to support ...
..Urges petitioners to fulfill requirements for verification process ...Sen. Nwaebonyi, Ezekwesili clash in fiery exchange at sexual harassment hearing The Independent National Electoral Commission has faulted the petitions delivered to its office on 25th March 2025 to recall the senator representing Kogi Central at the National House of Assembly. The commission, in a statement signed ...
The Economic and Financial Crimes Commission (EFCC) on Tuesday, March 25, 2025, arraigned four Chinese and one Nigerian before Justice Aliyu Halilu of the Federal Capital Territory, FCT, High Court in Abuja for alleged hotel review scam. They were arraigned on a three -count charge bordering on conspiracy, cheating and impersonation. Count one reads: “That ...
President Bola Tinubu on Tuesday launched the Torch of Unity Movement for the 22nd National Sports Festival in Abuja, reaffirming his administration’s dedication to advancing sports development in Nigeria. The festival, dubbed the Gateway Games, is set to take place in Ogun State from May 16 to May 30, 2025. This was contained in a ...
Rivers State experienced yet another major shake-up in its political leadership on Tuesday as the Head of Service (HoS), George Nwaeke, formally resigned from his position. The announcement was conveyed through a statement issued by the Chief of Staff to the state’s Sole Administrator, Ibok-Ete Ekwe Ibas. According to NewsDirect, Nwaeke, who served under the ...
By Jeleel Olawale, Ile-Ife A fierce debate has erupted following President Bola Ahmed Tinubu’s declaration of a state of emergency in Rivers State, as political tensions continue to escalate. During a webinar organised by Nigerian NewsDirect, titled “State of Emergency in Rivers: Restoring Order or Undermining Democracy?” speakers presented divergent perspectives on the legality and ...
The Nigerians in Diaspora Commission (NIDCOM) has announced that more than 956 Nigerians were repatriated from Libya in the first quarter of 2025 alone. The Chairman and Chief Executive Officer of NIDCOM, Hon. Abike Dabiri-Erewa, credited the success of the repatriation efforts to the collaboration of the International Organization for Migration (IOM) Nigeria and the ...
By Blessing Emmanuel The Federal Ministry of Communications, Innovation, and Digital Economy has extended an invitation to private investors to participate in Project BRIDGE, a large-scale broadband infrastructure initiative aimed at deploying 90,000km of fibre optic cables across Nigeria. The initiative, structured as a Public-Private Partnership (PPP), will establish a Special Purpose Vehicle (SPV) where ...
Leaders of the Concerned Kogi Youth and Women group have submitted a petition to the Independent National Electoral Commission (INEC) for the recall of the suspended senator representing the district at the National Assembly, Senator Natasha Akpoti-Uduaghan. The petition dated 21st March 2025 was submitted on Monday 24th March 2025 at the INEC headquarters ...
By Sodiq Adelakun The Lagos State Government, in collaboration with EnterpriseNGR under the Lagos International Financial Council (LIFC), has formalised an agreement with The City UK and the Foreign, Commonwealth and Development Office (FCDO) to establish an International Financial Centre in Lagos. This initiative aims to stimulate economic development and position Lagos as a major ...
