$1.2 million trade facility to boost Nigeria’s export capacity
The World Trade Organization (WTO), in collaboration with the International Finance Corporation (IFC), has launched a N1.9 billion ($1.2 million)…
Month: March 2024
Foreign Investor Eyes LivingTrust Mortgage Bank
LivingTrust Mortgage Bank Plc is set to receive a significant boost with a foreign investor eyeing a 7% stake in…
Tinubu submits FCTA 2024 budget to Reps
President Bola Tinubu has presented the 2024 budget proposal for the Federal Capital Territory Administration (FCTA) to the House of…
Nigeria will secure Gulf of Guinea, Tinubu tells Equatorial Guinea president
President Bola Tinubu reaffirmed his administration’s commitment to securing the Gulf of Guinea during a meeting with the Special Envoy…
Unity Bank, SkillPaddy train 1,000 female software engineers
Unity Bank Plc has collaborated with the tech platform, SkillPaddy, to launch the ‘Count Her In’ tech programme aimed at…
Neveah raises workers’ salaries by 44%
Neveah Limited, an indigenous commodities export company, has announced a significant 44 percent increase in the salaries of its employees,…
Nigerians experience relief as prices of sugar, Indomie, others drop
The recent reduction in food prices, particularly for items like noodles, sugar, rice, beans, and others, comes as a welcome…
FG Begins Talks with Aircraft lessors
The Federal Government is actively engaging with aircraft leasing and manufacturing companies to boost local investments in Nigeria’s aviation sector.…
Oil up as Middle East tensions persist, demand concerns cap gains
Oil prices went up on Tuesday due to worries over tensions in the Middle East. The price increase was driven…
Xiaomi Ventures into Electric Vehicles with SU7 Model
Chinese tech giant Xiaomi announced its foray into the electric vehicle (EV) market with the launch of its first EV…
U.S. Companies to Invest Over $1 Billion in the Philippines
During an official visit to Manila, U.S. Commerce Secretary Gina Raimondo announced that American companies are gearing up to invest…
Ecobank obtains $250m loan to boost liquidity
Ecobank Transnational Incorporated has announced securing a $250 million loan facility to bolster its liquidity buffers, according to a statement…
New Nominees for Enugu State Electricity Regulatory Commission
Governor Peter Mbah of Enugu State has nominated Mr. Chijioke Okonkwo for the position of Chairman/Chief Executive Officer of the…
Senate Urges Thorough Investigation into N30tn Loans
Senate President Godswill Akpabio has urged the panel members investigating the N30 trillion “Ways and Means” loans secured from the…
CIBN Prepares to Induct 336 New Chartered Bankers
The Chartered Institute of Bankers of Nigeria (CIBN) is gearing up to induct 336 new members as chartered bankers, according…
FG Unveils Conditional Grant Scheme for Traders
The Federal Government has introduced a Presidential Conditional Grant Scheme (PCGS) aimed at empowering nanobusinesses as part of the Presidential…
Unpaid salaries: SSANU, NASU tackle FG, declare seven-day strike
The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union (NASU) have jointly declared a seven-day warning…
ICAO Begins Audit at Lagos, Abuja Airports ahead of Certifications
The International Civil Aviation Organisation (ICAO) has initiated an audit of the Murtala Muhammad International Airport (MMIA) and Nnamdi Azikiwe…
Wema Bank Earmarks N8.9bn For Women-Run Businesses
Moruf Oseni, the MD/CEO of Wema Bank, affirmed Wema Bank’s commitment to actively support and promote women, disclosing that the…
SON Release 80 Standards For CNG Vehicles, Others
The Standards Organisation of Nigeria (SON) has introduced 80 standards to regulate the operations of Compressed Natural Gas (CNG) vehicles…
Dr. Bashir Jamoh Concludes Tenure as NIMASA Managing Director
Dr. Bashir Jamoh concluded his tenure as the Managing Director of the Nigerian Maritime Administration and Safety Agency (NIMASA) on…
Ready to Release BazoumThe junta in Niger Republic
The junta in Niger Republic faces a serious dilemma as it prepares to release the ousted president, Mohamed Bazoum, and…
Muslims observe Ramadan amidst high living cost, power outages
Muslims across Nigeria are observing Ramadan fasting amidst a backdrop of heatwaves, high living costs, and power shortages. Despite these…
Anger as Nigerian Airport is Named after Tinubu
A decision to rename Minna International Airport after President Bola Tinubu has sparked criticism in Nigeria. The government of Niger…
Heatwave Exacerbates Water Shortages in Johannesburg
Authorities in Johannesburg, South Africa’s commercial hub, attribute the ongoing heatwave to reduced water flow, leaving taps dry for several…
Kenyan-led Haiti Mission in Pre-deployment Stage – Minister
The Kenyan government remains resolute in its plan to deploy hundreds of police officers to Haiti, despite the worsening gang…
Chad Announces Free Water and Electricity for Households
Chad’s government has unveiled plans to offer free water and electricity to households until the end of the year. Under…
US Investigates Honda Vehicles Over Braking Issues
The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation into approximately 250,712 Honda Insight and Honda…
Libyan Leaders Agree on Forming New Unified Government
Key Libyan leaders announced on Sunday their consensus on the imperative need to establish a new unified government tasked with…
South Africa lender absa Records Marginal Rise in Annual Profit
Absa Group, one of South Africa’s top private lenders, reported a marginal increase in annual profit despite facing higher credit…