Nigeria’s oil marketers record massive gains from subsidy removal
Nigeria's major oil marketers reported record profits following subsidy removal, marking a 146% profit surge and a more competitive market landscape. In a landmark shift...
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Business
The Africa Energy Bank will begin operations in Nigeria on 28 January 2025, aiming to bridge financing gaps in Africa’s energy sector. The Federal Government has announced that the highly anticipated Africa Energy Bank (AEB) will officially...
Woodhall capital partners with Afreximbank to launch $25 million SME export boost in Nigeria
Woodhall Capital and Afreximbank unveil a $25M facility to support Nigerian SMEs, marking a significant step toward bridging export barriers in Africa. In a pivotal move aimed at empowering Nigerian small and medium enterprises (SMEs) for export,...
IFC, Central Bank of Nigeria Join forces to unlock $1bn local currency financing
The IFC and Central Bank of Nigeria have signed an agreement to boost local currency financing, aiming to unlock over $1bn in investments. The International Finance Corporation (IFC), a member of the World Bank Group, has partnered...
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Politics
Last Saturday’s South West Assembly of the All Progressives Congress in Lagos was a welcome development for a rediscovery of the ruling party and her leadership in the political region, writes Shola Oyeyipo.A lot currently rests...
Global markets rise as US election, fed rate decision, and Chinese stimulus loom
Global markets climbed as the US election, Fed rate decision, and potential Chinese stimulus measures drew closer, spurring cautious optimism. Global stock markets experienced a rise on Monday, accompanied by a slide in the US dollar as...
21st Abuja international film festival celebrates cinematic excellence
The 21st Abuja International Film Festival highlights exceptional talent with 1,524 submissions and prestigious awards for outstanding films. The 21st Abuja International Film Festival recently concluded, showcasing an impressive array of talent and creativity from around the...
Science
7.24 million Nigerians lack electricity meters – NERC
Data from the Nigerian Electricity Regulatory Commission reveals that only 115,767 customers received meters between April and July, exposing metering challenges in Nigeria’s electricity sector. Recent data from the Nigerian Electricity Regulatory Commission (NERC) highlights the ongoing...
Global markets climbed as the US election, Fed rate decision, and potential Chinese stimulus measures drew closer, spurring cautious optimism. Global stock markets experienced a rise on Monday, accompanied by a slide in the US dollar as...
21st Abuja international film festival celebrates cinematic excellence
The 21st Abuja International Film Festival highlights exceptional talent with 1,524 submissions and prestigious awards for outstanding films. The 21st Abuja International Film Festival recently concluded, showcasing an impressive array of talent and creativity from around the...
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Nigeria’s oil marketers record massive gains from subsidy removal
Nigeria's major oil marketers reported record profits following subsidy removal, marking a 146% profit surge and a more competitive market landscape. In a landmark shift...
Global markets rise as US election, fed rate decision, and Chinese stimulus loom
Global markets climbed as the US election, Fed rate decision, and potential Chinese stimulus measures drew closer, spurring cautious optimism. Global stock markets experienced a...
21st Abuja international film festival celebrates cinematic excellence
The 21st Abuja International Film Festival highlights exceptional talent with 1,524 submissions and prestigious awards for outstanding films. The 21st Abuja International Film Festival recently...
Rising inflation pushes 14 million Nigerians into poverty as government expands cash assistance
Rising inflation has pushed 14 million Nigerians into poverty, with nearly half the population below the poverty line, per the World Bank's latest report. As...
Africa Energy Bank to launch in Nigeria, boosting energy development across Africa
The Africa Energy Bank will begin operations in Nigeria on 28 January 2025, aiming to bridge financing gaps in Africa’s energy sector. The Federal Government...
Woodhall capital partners with Afreximbank to launch $25 million SME export boost in Nigeria
Woodhall Capital and Afreximbank unveil a $25M facility to support Nigerian SMEs, marking a significant step toward bridging export barriers in Africa. In a pivotal...
Fisheries society urges establishment of fisheries institute to boost Nigeria’s blue economy
The Fisheries Society of Nigeria calls for the establishment of the Fisheries Institute to enhance the country's fisheries resources and blue economy. The Fisheries Society...
Nigeria’s internet consumption drops amid National ID verification drive
Nigeria's internet consumption dropped in September 2024 as SIM verification deactivated millions of lines, impacting major telecom operators. In September 2024, Nigeria witnessed a decrease...
IFC, Central Bank of Nigeria Join forces to unlock $1bn local currency financing
The IFC and Central Bank of Nigeria have signed an agreement to boost local currency financing, aiming to unlock over $1bn in investments. The International...
Ghana eyes fuel imports from Nigeria’s Dangote refinery to cut Europe dependency
Ghana plans to import fuel from Nigeria’s Dangote Refinery to reduce reliance on European exports, aiming for lower costs and regional collaboration. Ghana may soon...
OPay wins ‘mobile payment solutions provider of the year’ award, strengthens security innovations
OPay has won ‘Mobile Payment Solutions Provider of the Year’ at the Banks and Other Financial Institutions Awards, highlighting its secure fintech services. Leading Nigerian...
St. Matthias Ago-Itunu church to celebrate 60 years of worship and community impact
St. Matthias Ago-Itunu Church celebrates its 60th anniversary from 30 October to 2 November, honouring a legacy of faith and community service. St. Matthias Ago-Itunu...