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Senator Natasha urges reciprocal visa measures for South

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Senator Natasha urges reciprocal visa measures for South African

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FBN Insurance targets 1m customers in one year
Business featured

First Bank renames UK, African subsidiaries

Wilson Adekumola One of the largest commercial banks in Nigeria, First Bank of Nigeria Limited has disclosed a phased corporate name change of its subsidiaries in the United Kingdom and sub-Saharan Africa. In a statement, the nation’s premier financial services institution noted that FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are now […]

Minister of Environment, Mohammed Abdullah
Business

Deforestation: FG blames state govts, charcoal dealers

MThe Federal Government attributed the massive deforestation in states where trees are being cut down for commercial charcoal production to powerful interests. According to The Punch, the government said that these interests are obstructing its target of planting 25 million trees by 2030 under the afforestation policy of the Buhari regime. The Minister of Environment, […]

Dangote Industries finalises N200bn bond listing
Business

Dangote Industries finalises N200bn bond listing

    Dangote Industries has finished listing its N200 billion series 1 and 2 bonds on the Nigerian Exchange Limited. According to The PUNCH, this was disclosed by the Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake, during the closing-gong ceremony to commemorate the listing of the bond held at the Exchange on Wednesday. […]

64.3 million Nigerians don't have enough food - UN
Foods

64.3 million Nigerians don’t have enough food – UN

The World Food Program, a division of the United Nations has said that 32% (64.3 million) of Nigerians do not have sufficient food available to eat. According to The Punch, in 19 different countries, the organization estimates that 170 million people lack access to enough food to eat. The countries with the highest prevalence of […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
Business

EU to increase renewable energy target by 2030

The European Union on Thursday made a provisional agreement on increasing renewable energy targets, a key component of the EU’s strategy to combat climate change and reduce reliance on fossil fuels from Russia. Reuters reported that negotiators from the European Parliament and the Council, who represent EU member states, agreed that by 2030, the EU […]

Jack Mi
Business

Alibaba to surrender control of some business units

Alibaba Group has announced plans to monetize non-core assets and potentially give up control over some of its businesses. According to Reuters, the reason for this is that the company is reinventing itself after a regulatory crackdown caused a significant drop of 70% in its shares. The CEO of Alibaba Group, Daniel Zhang, who was […]

Mr Andy Ojei
Business

Credit institute inaugurates governing council

The National Institute of Credit Administration has inaugurated a committee set up by the governing council of the institute. This was made known by the President of the association, Mr Andy Ojei. The statement said that during the inauguration event in Lagos, the president thanked its members for accepting to serve the institute voluntarily, honourably, […]

NCDMB collaborates with female engineers on STEM education for girls
News

NCDMB collaborates with female engineers on STEM education for girls

In order to promote STEM curricula in secondary schools across the nation, with a focus on girls, the Nigerian Content Development and Monitoring Board has teamed up with the Association of Professional Women Engineers of Nigeria. The association and St. Jude’s Girls Secondary School in Yenagoa, Bayelsa State, recently partnered to start the “STEMitout4girls” campaign, […]

Kuda relaunches cross-border remittance with multi-currency wallet
Banking

Kuda begs as customers’ money vanish after second glitch

Kuda Bank has apologized to its customers after another technical failure in its system caused money to vanish. As consumers grow anxious, the bank stated that it is attempting to address the problem as soon as possible. The business has seen two significant downtimes in less than two months; the first occurred in February of […]

Bob Iger, CEO, Disney, during CNBC interview, Feb. 9, 2023.
Business

Disney fires Marvel Entertainment chair Perlmutter over telephone

The chairman of Marvel Entertainment, Isaac Perlmutter, has been laid off as part of a cost-cutting campaign at Disney. The New York Times reported that the 80-year-old was informed by phone on Wednesday that Marvel Entertainment would be folded into larger Disney business units, according two anonymous Disney executives. Marvel Entertainment is a small division […]

Minister of Communications and Digital Economy, Isa Pantami
Business

FG okays N24.20bn for internet in schools, markets, airports

The Nigerian government gave its approval on Wednesday to allocate N24.20bn for the purpose of providing broadband internet connection to a minimum of 20 airports, 43 schools, and six marketplaces all over the country. The Punch reported that the announcement of the approval was made by the Minister of Communication and Digital Economy, Prof Isa […]

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