Local FG Postpones Launch of Students Loan Indefinitely March 13, 2024 Ekemini Uba The Federal Government has announced the indefinite postponement of the launch of the Nigerian Students Loan Scheme. Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund (NELFUND), revealed…
Local Bode Abifarin Steps Down as COO of Flutterwave March 13, 2024 Ekemini Uba Bode Abifarin has announced her resignation from her role as Chief Operating Officer (COO) at Flutterwave, a leading fintech startup. In a LinkedIn post, Abifarin expressed her intention to pursue…
Local Airbnb Bans Security Cameras in Guest Homes March 13, 2024 Ekemini Uba Airbnb has announced a significant policy change, banning the use of indoor security cameras in guest homes globally. The decision aims to prioritize privacy and address concerns raised by guests…
Local Sokoto Allocates N6.7 Billion for Ramadan Feeding Programme March 13, 2024 Ekemini Uba The Sokoto State government has announced plans to allocate N6.7 billion towards its Ramadan feeding programme, aimed at supporting the needy during the holy month. Governor Ahmed Aliyu revealed this…
investment Local Saudi Aramco’s Dividend Payouts Exceed Nigeria’s Budget March 13, 2024 Ekemini Uba Saudi Aramco, the majority state-owned oil firm of Saudi Arabia, announced a significant dividend payout of $97.8 billion in 2023, surpassing the size of Nigeria’s entire 2024 budget, which stands…
World UK to offer incentives for failed asylum seekers to move to Rwanda March 13, 2024 Ekemini Uba In a new initiative, failed asylum seekers in the UK will be offered up to £3,000 as part of a voluntary scheme to relocate to Rwanda. This plan, which aims…
Trade World US oil prices rise on expectations of strong demand March 13, 2024 Ekemini Uba 0il prices climbed on Wednesday, buoyed by optimistic forecasts of robust global demand, particularly in the United States, and despite moderate U.S. inflation figures that did little to alter expectations…
Local Trade $1.2 million trade facility to boost Nigeria’s export capacity March 13, 2024 Ekemini Uba The World Trade Organization (WTO), in collaboration with the International Finance Corporation (IFC), has launched a N1.9 billion ($1.2 million) Standard Trade Facility (STDF) aimed at enhancing Nigeria’s export capabilities…
investment Local Foreign Investor Eyes LivingTrust Mortgage Bank March 13, 2024 Ekemini Uba LivingTrust Mortgage Bank Plc is set to receive a significant boost with a foreign investor eyeing a 7% stake in the bank. Industry sources familiar with the transaction have revealed…
Local Tinubu submits FCTA 2024 budget to Reps March 13, 2024 Ekemini Uba President Bola Tinubu has presented the 2024 budget proposal for the Federal Capital Territory Administration (FCTA) to the House of Representatives for consideration and approval. The President’s letter, read during…
Local Nigeria will secure Gulf of Guinea, Tinubu tells Equatorial Guinea president March 13, 2024 Ekemini Uba President Bola Tinubu reaffirmed his administration’s commitment to securing the Gulf of Guinea during a meeting with the Special Envoy of the President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo,…
Business Local Unity Bank, SkillPaddy train 1,000 female software engineers March 13, 2024 Ekemini Uba Unity Bank Plc has collaborated with the tech platform, SkillPaddy, to launch the ‘Count Her In’ tech programme aimed at training 1,000 female software engineers. This initiative is designed to…
Local Neveah raises workers’ salaries by 44% March 13, 2024 Ekemini Uba Neveah Limited, an indigenous commodities export company, has announced a significant 44 percent increase in the salaries of its employees, effective March. The company’s Chief Executive Officer, Ibidapo Lawal, emphasized…
Business Commodities Local Nigerians experience relief as prices of sugar, Indomie, others drop March 13, 2024 Ekemini Uba The recent reduction in food prices, particularly for items like noodles, sugar, rice, beans, and others, comes as a welcome relief to many Nigerians, especially those in the low to…
Local FG Begins Talks with Aircraft lessors March 13, 2024 Ekemini Uba The Federal Government is actively engaging with aircraft leasing and manufacturing companies to boost local investments in Nigeria’s aviation sector. Minister of Aviation and Aerospace Development, Festus Keyamo, highlighted the…
World Oil up as Middle East tensions persist, demand concerns cap gains March 12, 2024 Ekemini Uba Oil prices went up on Tuesday due to worries over tensions in the Middle East. The price increase was driven by concerns about conflicts in the region, even though there…
World Xiaomi Ventures into Electric Vehicles with SU7 Model March 12, 2024 Ekemini Uba Chinese tech giant Xiaomi announced its foray into the electric vehicle (EV) market with the launch of its first EV model, SU7, scheduled for delivery this month. With 59 stores…
World U.S. Companies to Invest Over $1 Billion in the Philippines March 12, 2024 Ekemini Uba During an official visit to Manila, U.S. Commerce Secretary Gina Raimondo announced that American companies are gearing up to invest more than $1 billion in the Philippines. Raimondo leads a…
Business Ecobank obtains $250m loan to boost liquidity March 12, 2024 Ekemini Uba Ecobank Transnational Incorporated has announced securing a $250 million loan facility to bolster its liquidity buffers, according to a statement filed with the Nigerian Exchange Limited. The facility, detailed by…
Local New Nominees for Enugu State Electricity Regulatory Commission March 12, 2024 Ekemini Uba Governor Peter Mbah of Enugu State has nominated Mr. Chijioke Okonkwo for the position of Chairman/Chief Executive Officer of the Enugu State Electricity Regulatory Commission. Additionally, Mr. Chinedum Ukabara, Mr.…
Local Senate Urges Thorough Investigation into N30tn Loans March 12, 2024 Ekemini Uba Senate President Godswill Akpabio has urged the panel members investigating the N30 trillion “Ways and Means” loans secured from the Central Bank of Nigeria (CBN) by the Federal Government not…
Banking Local CIBN Prepares to Induct 336 New Chartered Bankers March 12, 2024 Ekemini Uba The Chartered Institute of Bankers of Nigeria (CIBN) is gearing up to induct 336 new members as chartered bankers, according to a statement by Folake Akintayo, the Head of Corporate…
Finance Local FG Unveils Conditional Grant Scheme for Traders March 12, 2024 Ekemini Uba The Federal Government has introduced a Presidential Conditional Grant Scheme (PCGS) aimed at empowering nanobusinesses as part of the Presidential Palliative Programme. Administered by the Federal Ministry of Industry, Trade,…
Breaking Unpaid salaries: SSANU, NASU tackle FG, declare seven-day strike March 12, 2024 Ekemini Uba The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union (NASU) have jointly declared a seven-day warning strike to protest the withholding of their salaries for four…
Local ICAO Begins Audit at Lagos, Abuja Airports ahead of Certifications March 12, 2024 Ekemini Uba The International Civil Aviation Organisation (ICAO) has initiated an audit of the Murtala Muhammad International Airport (MMIA) and Nnamdi Azikiwe International Airport (NAIA) in Abuja. A team of auditors arrived…
Business Maritime Wema Bank Earmarks N8.9bn For Women-Run Businesses March 12, 2024 Ekemini Uba Moruf Oseni, the MD/CEO of Wema Bank, affirmed Wema Bank’s commitment to actively support and promote women, disclosing that the bank allocated N8.9 billion as uncollateralized loans to support Nigerian…
Africa SON Release 80 Standards For CNG Vehicles, Others March 12, 2024 Ekemini Uba The Standards Organisation of Nigeria (SON) has introduced 80 standards to regulate the operations of Compressed Natural Gas (CNG) vehicles and related components. This initiative aims to enhance safety, reliability,…
Maritime Dr. Bashir Jamoh Concludes Tenure as NIMASA Managing Director March 12, 2024 Ekemini Uba Dr. Bashir Jamoh concluded his tenure as the Managing Director of the Nigerian Maritime Administration and Safety Agency (NIMASA) on Tuesday, as his term expired on March 10. At a…
Africa Ready to Release BazoumThe junta in Niger Republic March 12, 2024 Ekemini Uba The junta in Niger Republic faces a serious dilemma as it prepares to release the ousted president, Mohamed Bazoum, and his wife, Khadija. Multiple sources in Nigeria and Niger have…
Local Muslims observe Ramadan amidst high living cost, power outages March 12, 2024 Ekemini Uba Muslims across Nigeria are observing Ramadan fasting amidst a backdrop of heatwaves, high living costs, and power shortages. Despite these obstacles, Muslims adhere to fasting from dawn to sunset throughout…
