FG Plans to Build Another Sea Port in 2026 – NPA.
According to the Nigerian Ports Authority, the federal government plans to build another deep-sea port within the next three to…
Author: akintunde
IMF Warns CBN as eNaira Transactions Hit N1.4m.
Kristalina Georgieva, Managing Director of the International Monetary Fund, has warned of the unpredictable “consequences” central bank digital currencies could…
Nigeria to Become Top Middle Income Economy By 2050, Says Buhari.
The Nigeria Agenda 2050 was officially unveiled on Wednesday in Abuja, with the statement that its implementation will “ensure that…
Niger Delta Community Threatens $1 trillion Lawsuit Against IOC, FG.
The host community of oil and gas in the Niger Delta has pledged a trillion-dollar against oil companies and the…
Pantami Tells Companies to Ignore Telecom Tax.
Communications and Digital Economy Minister Isa Pantami has urged telecom companies and other sector stakeholders to ignore any attempts to…
Turkish Airlines Launches an Investigation after a Wheelchair Passenger Reports Harassment
Ms. Margaret Adeyileka, a middle-aged wheelchair user who has been traveling for decades, claims that the humiliation she just experienced…
Zenith Bank shareholders approve a dividend payout of N100.47 billion.
According to Zenith Bank Plc, it would distribute N100.47 billion to shareholders for the 2022 fiscal year.It revealed this in…
Senate Probes Passports Renewal, Issuance Delay
The Upper house has decided to look into the reasons behind the Nigeria Immigration Service’s delays in issuing and renewing…
President Buhari Heads To London For King Charles’ Coronation
President Muhammadu Buhari and his wife, Camilla, are scheduled to go to London, United Kingdom, to see Charles III, the…
FG sues Meta, Facebook, Demand N30 billion.
The Advertising Regulatory Council of Nigeria (ARCON) has been given permission by the Abuja Division of the Federal High Court…
Foreign debt: FG Deducts N78 billion from State Allocations.
The Federal Government deducted over N78bn from allocations made to the states for external debt servicing, according to findings. This…
FAAN asks Unapproved Residents to Leave Airport Property.
All unauthorized inhabitants of airport grounds have been warned by the Federal Airports Authority of Nigeria to leave the area…
Nigerian Breweries issues commercial paper of N25 billion.
According to a regulatory filing acquired, Nigerian Breweries Plc has disclosed a proposal to raise N25bn through the sale of…
Aviation Unions Call off Strike.
Following a meeting with Ministry of Aviation representatives, aviation unions have decided to call off their planned strike. The decision…
IMF: Political Unrest may Cost Nigeria and others $10 billion.
According to the International Monetary Fund, geopolitical concerns might cause Nigeria to lose as much as $10 billion in foreign…
Samsung Acquires 20% stake in Meridiam.
Samsung Life Insurance purchased a 20% share in Meridiam, according to an announcement made on April 24 by Meridiam. Meridiam…
Prosper Africa Supports Co-investments in Kenya’s Apparel Industry.
Leading companies and investors were gathered in New York City by the U.S. Government’s Prosper Africa project and Embassy in…
XRP and Bunratty Plan Roll Up Strategy for Africa’s Healthcare Market.
By pursuing mergers and acquisitions of small and medium-sized private healthcare enterprises that are in line with its strategic vision…
Vantage Sells Majority Stake in Dynamic Bedding.
The largest mezzanine loan fund manager in Africa, Vantage Capital, has completely sold its interest in Dynamic Bedding, a well-known…
Rohatyn Group makes Investment in Printing and Packaging Firm.
The Rohatyn Group (“TRG”), a specialized global asset management company with a focus on real assets and investment solutions in…
TPG-backed Healthcare Group Secures Financing from IFC.
On April 25, 2023, in Nairobi, Kenya—IFC announced an investment in Kenyan healthcare provider Avenue Group Limited. The funding will…
Amethis Holds First Close for Africa Europe Expansion Fund.
Amethis – a partner member of Edmond de Rothschild Private Equity – is a leading player in private equity dedicated…
Convergence Adds Specialist FinTech Group to Latest Fund’s Portfolio.
42Markets, a financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners to…
Sanwo-Olu Unveils Lagos’ First Set of Electric Buses.
Governor Sanwo-olu has announced the delivery of the first electric buses for Lagos State’s mass transit system. The governor said…
FG Eliminates the 5% Telecom Tax Exemption.
According to reports, the federal government will move forward with the introduction of a 5% excise tax on mobile phone…
NIN Enrollment Fell 41% in April, According to a Report.
Enrollment in the National Identification Number program fell from 8 million in the first four months of 2022 to 4.67…
Group Requests that the N200 billion CBN Housing Intervention Fund be Released.
The Housing Development Advocacy Network has called on the federal government to pay N200 billion in interventions for low-cost housing…
Customs officers Lose N2 billion in Protest of a 100% Tariff Increase.
Customs officers at the Murtala Muhammed International Airport (MMIA) have described how their protest against the rise in ground handling…
Senate Demands N3.2bn Tractor Loan Repayment.
The Senate has indicted Kaduna’s Agricultural Bank over N3.2 billion loans made to 10 vendors to purchase tractors and other…
CBN: Bank Deposits Fell N210bn in Q1.
Total demand deposits fell by N210 billion between January and March 2023, as Nigerians made huge withdrawals from depository banks.…