Blog

CBN gov Cardoso vows crackdown on illicit funds via Binance

Inflation biggest threat to Nigerians’ economic stability – Cardoso

The Governor of Central Bank of Nigeria, Olayemi Cardoso, has identified inflation as the primary threat to Nigerians’ economic welfare, committing to reducing it to single digits in the medium term. Speaking at the 2025 IMF and World Bank Spring Meetings in Washington, D.C., he stressed the need to curb inflation to stabilize household incomes […]

monwubukepdnlimited-com
28th April 2025
0 Comments
330 Views

Business

Chinese manufacturers cut production, seek new markets amid US tariffs

Chinese manufacturers are scaling back production and seeking new markets as United States tariffs take a toll, according to companies and analysts. With higher costs on exports to the U.S., many are diversifying into other regions. “I know several factories that have told half of their employees to go home for a few weeks and […]

monwubukepdnlimited-com
28th April 2025
0 Comments
276 Views

News

OmniRetail secures $20m Series A funding to accelerate African expansion

African B2B e-commerce platform OmniRetail has raised $20 million in Series A equity funding, a major step in its plan to scale operations across Nigeria, Ghana, and Ivory Coast, and deepen its focus on embedded financial products for informal retailers. The round was co-led by Norwegian development finance institution Norfund and Lagos-based Timon Capital, with […]

aomenyepdnlimited-com
28th April 2025
0 Comments
439 Views

News

Nigeria begins activation of $1.1b green imperative project

The Presidential Food Systems Coordination Unit announced that implementation structures for the $1.1 billion Green Imperative Project are now being activated across Nigeria. This development follows the Unit’s 5th Steering Committee (STEERCO) meeting held recently in Abuja. six regional offices are being finalized to help onboard 774 mid-sized commercial farms and to set up six […]

monwubukepdnlimited-com
28th April 2025
0 Comments
330 Views

Banking

UBA plans ambitious expansion to over 100 countries

United Bank for Africa Plc announced a bold strategic vision to expand its operations to more than 100 countries and grow its customer base to over one billion within the next 75 years. This announcement was made during the bank’s 75th anniversary gala dinner in Abuja on Saturday, attended by Vice President Kashim Shettima, senior […]

monwubukepdnlimited-com
28th April 2025
0 Comments
508 Views

Business

PenCom targets power firms in crackdown on pension non-compliance

The National Pension Commission is escalating its efforts to recover billions of naira in unpaid pension contributions from electricity generation and distribution companies, signaling a crackdown on non-compliance in the power sector. In a statement on Sunday, PenCom Director-General, Omolola Oloworaran recently led a delegation to the Nigerian Electricity Regulatory Commission, urging the regulator to […]

monwubukepdnlimited-com
28th April 2025
0 Comments
268 Views

Dangote Refinery loses N32.5bn after petrol price cut

Business

Dangote refinery denies reports of petrol processing unit shutdown

Dangote Petroleum Refinery, located in Lekki, Lagos State, has dismissed reports suggesting a shutdown of its petrol processing unit for maintenance. The clarification follows a Bloomberg story claiming that the refinery’s gasoline-making unit was undergoing repairs, necessitating a temporary halt in operations. A senior spokesperson for the company, categorically denied the claims, stating, “Loading of […]

monwubukepdnlimited-com
28th April 2025
0 Comments
367 Views

Failed banks liquidation delayed over ex-staff owed salaries, others - NDIC

News

NDIC begins N46.6b payout to top depositors of defunct Heritage Bank

The Nigeria Deposit Insurance Corporation has commenced the payment of N46.6 billion as the first tranche of liquidation dividends to depositors of the defunct Heritage Bank. The payments are being made to depositors whose funds exceeded the maximum insured limit of N5 million. This was disclosed in a statement issued by the acting Head of […]

monwubukepdnlimited-com
28th April 2025
0 Comments
380 Views

Toyota suffers sixth straight monthly production decline

Business

Toyota explores $42b investment for potential buyout of parts supplier

Toyota Motor Corp announced on Saturday that it is evaluating various options, including a partial investment, for a potential buyout of Toyota Industries Corp, a major parts supplier. This follows reports of a $42 billion deal that could significantly reshape the company’s corporate structure. In a filing with the Tokyo Stock Exchange, Toyota confirmed it […]

monwubukepdnlimited-com
27th April 2025
0 Comments
403 Views

NNPCL reports N2.69trn in tax expenses for 2023

Business

NNPC Gas to acquire 5.2 million SCFD CNG facility

NNPC Gas Marketing Limited, a subsidiary of the Nigerian National Petroleum Company Limited is making a strategic move to expand Nigeria’s Compressed Natural Gas infrastructure by acquiring a 5.2 million standard cubic feet per day CNG compression and refueling facility from Gas Network Services Limited. A recent merger and acquisition notice from the Federal Competition […]

monwubukepdnlimited-com
27th April 2025
0 Comments
421 Views

News

NACCIMA urges FG to take action urgent against rising poverty

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on the Federal Government to take urgent and decisive action to combat the escalating poverty crisis in Nigeria. This appeal follows the World Bank’s April 2025 Africa’s Pulse report, which revealed that Nigeria accounts for 19% of the extremely poor population in […]

monwubukepdnlimited-com
27th April 2025
0 Comments
318 Views

Meta launches new video cditing app "Edits" after CapCut ban

Instagram’s Edits app records 7m downloads on debut, surpasses CapCut

Meta’s latest release, Instagram Edits, has made a striking entrance into the video editing space, outpacing rival app CapCut in its opening days. According to app intelligence firm Appfigures, Edits recorded approximately 702,900 downloads on iOS within its first two days — a figure roughly 37 times greater than CapCut’s performance during a similar timeframe. […]

aomenyepdnlimited-com
27th April 2025
0 Comments
495 Views

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

PwC flags gaps in new NRS virtual asset

Nigeria’s exports to China jump 80% to $2.3bn

Anthropic revenue soars 1,360% ahead of planned IPO

Contact Info

Some Populer Post

RMAFC completes review of Nigeria’s revenue allocation formula

BRICS explores merging payment systems to cut transaction costs

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

AI-driven cyberattacks surge 56% – IBM

Inflation biggest threat to Nigerians’ economic stability – Cardoso

Chinese manufacturers cut production, seek new markets amid US tariffs

OmniRetail secures $20m Series A funding to accelerate African expansion

Nigeria begins activation of $1.1b green imperative project

UBA plans ambitious expansion to over 100 countries

PenCom targets power firms in crackdown on pension non-compliance

Dangote refinery denies reports of petrol processing unit shutdown

NDIC begins N46.6b payout to top depositors of defunct Heritage Bank

Toyota explores $42b investment for potential buyout of parts supplier

NNPC Gas to acquire 5.2 million SCFD CNG facility

NACCIMA urges FG to take action urgent against rising poverty

Instagram’s Edits app records 7m downloads on debut, surpasses CapCut

RMAFC completes review of Nigeria’s revenue allocation formula

BRICS explores merging payment systems to cut transaction.

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

AI-driven cyberattacks surge 56% – IBM

Sign Up for Our Newsletter