FMBN Set for N500 Billion Recapitalization
The Federal Mortgage Bank of Nigeria (FMBN) anticipates a promising future as the federal government pledges legislative amendments to relevant…
Month: February 2024
FG to Address Food Shortage with Grain Distribution
The federal government has expressed concern over the persistent food shortage in Nigeria and has announced plans to distribute 42,000…
Forex Crisis May Delay Foreign Investment, Says Report
A recent report titled “Finding Rain in Drought.” by Comercio Partners, a prominent research and investment firm, suggests that foreign…
First Bank to Reward Customers with N36m Cash Promo
First Bank of Nigeria has introduced the second season of its Cash Out promo aimed at rewarding users of FirstMobile,…
Prof. Okereke Appointed as Special Adviser- Enugu Gov.
Enugu State Governor, Peter Mbah, has appointed Prof. Chukwumerije Okereke as a special adviser on Climate Policy and Sustainable Development.…
NSIA Announces Offers $220, 000 for Innovation
The Nigeria Sovereign Investment Authority (NSIA) has unveiled the second edition of the NSIA Prize for Innovation (NPI 2.0), offering…
Nigeria’s Oil Output Increases to 1.43m Barrels in 2024
Nigeria’s oil production experienced a notable increase in January 2024, rising to 1.43 million barrels per day (bpd) from 1.34…
Femi Otedola Set to Recieve $17m from Geregu Power Plant
Nigerian billionaire Femi Otedola is set to receive a substantial final dividend exceeding $17 million from his significant 78.64-percent ownership…
FCTA Lists Embassies Owing $5.3 Million in Ground Rent
The Federal Capital Territory Administration (FCTA) in Abuja, Nigeria, has published a list of 43 embassies and high commissions owing…
Russia Warns the West Over Asset ‘Theft’
Russia issued a stern warning to the West on Tuesday, cautioning that Moscow would respond firmly if the United States…
Sweden Anticipates Approval for NATO’s Membership- Minister
Sweden’s Foreign Minister, Tobias Billstrom, expressed optimism on Wednesday regarding Hungary’s anticipated approval of Sweden’s NATO membership application. Billstrom stated…
Russia Halts Annual Payments to Arctic Council- Reports
Russia has halted its annual payments to the Arctic Council until substantive work resumes with the participation of all member…
SSR Mining Suspends Gold Mine Production
Gold miner SSR Mining suspended production at a mine in eastern Turkey following a landslide that occurred on Tuesday. The…
India and United Arab Emirates Enter Trade Partnership
India and the United Arab Emirates (UAE) signed a significant agreement on Tuesday concerning a trade corridor intended to link…
Elon Musk’s SpaceX Fined $3,600 by U.S.
Elon Musk’s SpaceX was fined $3,600 by U.S. worker safety officials this month following an accident at its site in…
OpenAi Founding Member Leaves Microsoft
Andrej Karpathy, a prominent artificial intelligence researcher and founding member of OpenAI, announced his departure from the Microsoft-backed company on…
FG Engages US in Investigation of Chopper Crash Involving Nigerian CEO
The Nigerian government has initiated discussions with the United States regarding the investigation into a tragic chopper crash that claimed…
Shell Completes Crude Oil Supply to Port Harcourt Refinery
The Shell Petroleum Development Company of Nigeria Limited has announced the successful completion of the supply of 475,000 barrels of…
Access Holdings Appoints Bolaji Agbede as Acting CEO Following Herbert Wigwe’s Passing
Access Holdings Plc has swiftly responded to the unexpected passing of its former Group Chief Executive Officer, Dr. Herbert Wigwe,…
UK Officials Seek Investment Opportunities in Nigeria
The UK Minister for Business and Trade, Kemi Badenoch, alongside the Prime Minister’s Trade Envoy to Nigeria, Helen Grant, is…
Nigeria’s Renewable Energy Drive Receives Boost with Launch of DART 3.0 Programme
Nigeria’s efforts to enhance its energy supply through renewable sources received a significant boost with the commencement of the Demand…
Hardship Increases over high Prices of Cooking Gas and Diesel
Nigerian households and businesses face increasing challenges due to the rising costs of essential resources such as cooking gas and…
Cadbury Shareholders Approve Conversion of Loan to Equity
At a General Meeting held in Lagos, shareholders of Cadbury Nigeria Plc endorsed the conversion of an outstanding intercompany loan…
Money Lenders Endorses FCCPC Measures Over Digital Lending
The Money Lenders Association (MLA) has voiced its support for the Federal Competition and Consumer Protection Commission’s (FCCPC) efforts to…
Access Holdings CEO Herbert Wigwe Feared Dead in Helicopter Crash
Tragedy struck as a helicopter carrying Herbert Wigwe, the Chief Executive Officer of Access Holdings, crashed in California, United States…
Dangote Refinery Among World’s Top 8 Largest Refineries
Nigeria’s Dangote Refinery, boasting a production capacity of 650,000 barrels per day, has earned a prestigious rank among the globe’s…
Bank of Industry to Administer N200bn Fund to Buisinesses
The Federal Government has entrusted the Bank of Industry (BOI) with a N200 billion fund aimed at bolstering businesses nationwide.…
Export Sales Increases by 77% Amid Forex Reform
Three major players in Nigeria’s consumer goods industry – Unilever Nigeria Plc, Cadbury Nigeria Plc, and Okomu Oil Palm Plc…
Court Orders FG to Fix Prices of Petrol, motorcycles, Others
A Federal High Court in Lagos has directed the Nigerian government to set prices for essential commodities, including petrol, diesel,…
FG Vows Effective Implementation of Pension Reforms
The Director-General of the Bureau of Public Service Reforms (BPSR), Mr. Dasuki Arabi, has provided assurance that retirees will reap…