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FG borrowed ₦11.9tn in 31 months, says Oyedele

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States’ 2026 budgets rise 47.5% to ₦40.14tn

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Gombe approves ₦148.762m monthly subvention for state university

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Ekiti approves ₦3bn for new high court office complex

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Jumia unveils warehouse, logistics facility to boost operations in Nigeria

Jumia Nigeria has introduced a new combined warehouse and logistics network facility to enhance delivery efficiency. This disclosure was made at the launching of the warehouse on Tuesday in Isolo, Lagos, according to The Punch. Jumia said it sees this progress as a significant advancement in Jumia Nigeria’s dedication to improving its logistics capabilities and […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
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Tinubu moves to settle ExxonMobil, Seplat Energy rift

President Bola Tinubu has reaffirmed his commitment to resolving the divestment issues between ExxonMobil and the indigenous energy company, Seplat Energy. This commitment was articulated in a statement by the president’s spokesperson, Ajuri Ngelale, during a meeting with ExxonMobil President Liam Mallon and other executives at the State House in Abuja on Tuesday. In February […]

News

Wema Bank gets shareholders approval to raise N200bn

The shareholders of Wema Bank Plc, have approved the bank’s request for a capital increase of N200 billion. Also, the shareholders approved the dividend of 50 kobo per share for the financial year ended December 31, 2023, recommended by the Management Board, according to Nairametrics. This was disclosed at the group’s annual general meeting (AGM) […]

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Wema Bank to retain national bank status – CEO

The Managing Director/Chief Executive Officer of Wema Bank, Moruf Oseni, has said that the bank would retain its national licence while aiming for tier-1 banking status after the fresh banking sector recapitalisation. This was disclosed by Oseni at the Annual General Meeting of the bank, held virtually on Tuesday, according to The Punch. Oseni highlighted […]

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FG to reduce vehicle parts imports by 40%

The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite has said the Federal Government is set to commence the manufacturing and supplying of tyres, batteries, brake pads, and other automobile components as part of efforts to boost the Nigerian automotive industry. This was disclosed by Uzoka-Anite at the ministerial sectoral briefing to mark President Bola […]

Aviation

FG begins construction of second Abuja airport runway – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that the Federal government has started the construction of a second runway at Nnamdi Azikiwe International Airport, Abuja. This was disclosed by the Minister during the ministerial press briefing to mark President Bola Tinubu’s first year in office, according to The Punch. Keyamo stressed […]

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NNPC discovers 122 illegal refineries, seals fuel station

The Nigerian National Petroleum Company Limited has discovered a total of 122 illegal oil refining sites in the past week across the Niger Delta region. The NNPCL said that in Akwa Ibom State, a filling station has been closed for the sale of illegal refined fuels to motorists. This was disclosed in a documentary by […]

Apple to pledge $100bn to US manufacturing
News

OpenAI sets up safety committee as AI training begins

Alex Omenye OpenAI has established a Safety and Security Committee, led by board members including CEO Sam Altman, as the company embarks on training its next artificial intelligence model. This announcement was made by the AI startup on Tuesday. Directors Bret Taylor, Adam D’Angelo, and Nicole Seligman will also be key figures on the committee, […]

Apple to pledge $100bn to US manufacturing
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Apple sales rises by 52% in April – Report

Alex Omenye Apple’s smartphone shipments in China surged by 52% in April compared to the same period last year, continuing a recovery trend observed in March, according to data from a research firm associated with the Chinese government. The increase follows a challenging start to the year for the U.S. tech giant in the world’s […]

News

Monetary policy decisions could be politicized – Stockbroker

The Chartered Institute of Stockbrokers and Association of Securities Dealing Houses of Nigeria have decried the proposed amendment of the Central Bank of Nigeria Act No. 7 of 2007, seeking to subject the annual budget of the CBN to approval from the National Assembly. The group in a statement argued that such legislation would politicize […]

150,000 Nigerians got FG's N50k grant - Minister
News

Nigeria attracted N3.5bn textile investment, created 4,000 job opportunities – Minister

The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, has said that the Federal Government has secured $3.5 billion in investments in a year to boost NNigeria’s textile, cotton, and clothing sectors. This was disclosed in a statement by Uzoka-Anite at the ministerial press briefing in Abuja on Tuesday. According to Uzoka-Anite, this investment is […]

ITU announces investment to boost global connectivity
News

ITU announces investment to boost global connectivity

The International Telecommunications Union has announced investment commitments totaling $4.8 billion to enhance global connectivity. This announcement was made on Monday during the plenary of the 2024 World Summit on the Information Society (WSIS+20) forum in Geneva, Switzerland. According to the ITU, these new commitments bring the total pledges aimed at closing the digital divide […]

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