business
SEC Reiterates Ban on CBEX, Warns Investors of Ongoing Ponzi Scheme Risks The Securities and Exchange Commission (SEC) of Nigeria has today, Thursday, June 12, 2025, re-emphasized that Crypto Bridge Exchange (CBEX), also known as ST Technologies International Ltd, Smart Treasure, or Super Technology, remains unequivocally banned from operating in Nigeria. This stern warning comes […]
Zenith Bank Extends N300 Million Lifeline to Victims of Devastating Mokwa Flood Zenith Bank Plc, a leading financial institution in Nigeria, has today, Wednesday, June 12, 2025, announced a significant donation of N300 million to the victims of the recent catastrophic floods that swept through Mokwa Local Government Area of Niger State. This substantial corporate […]
FG to Train 100,000 Youths Annually in Forex Trading and Financial Skills The Federal Government of Nigeria has entered into a strategic partnership with Investonaire Academy to train 100,000 young Nigerians annually in foreign exchange (Forex) trading and other essential financial skills. This initiative is a significant step in the government’s efforts to combat youth […]
Rivers State 2025 Budget Anticipates Fubara’s Return, Says Sole Administrator Ibas The proposed N1.48 trillion 2025 budget for Rivers State has been formulated with the anticipation of the return of suspended Governor Siminalayi Fubara and other affected officials, according to the Sole Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (retd). Ibas made this statement […]
World Bank Projects Steady Economic Growth for Nigeria Over Three Years The World Bank has released optimistic projections for Nigeria’s economy, forecasting an unbroken growth trajectory over the next three years. According to its latest Global Economic Prospects report, the bank anticipates a Gross Domestic Product (GDP) growth rate of 3.6% in 2025, followed by […]
Steel Development Minister Confident Tinubu Will Deliver on Renewed Hope Agenda, Highlights Ajaokuta Revival The Minister of Steel Development, Prince Shuaibu Abubakar Audu, today, Wednesday, June 11, 2025, expressed unwavering confidence in President Bola Ahmed Tinubu’s capacity and determination to tackle Nigeria’s multifarious challenges, grow the national economy, and deliver substantial dividends of democracy to […]
Revamped Edo Line Set to Resume Operations on June 27, Governor Okpebholo Announces The Edo State-owned transport company, Edo Line (officially known as New Edo Line Nigeria Limited), is set to resume full operations on June 27, 2025. This highly anticipated announcement was made by Governor Monday Okpebholo during an inspection tour of ongoing projects […]
Nigeria Customs Rakes in N25.7 Billion Revenue from Seized Goods in Oyo/Osun Command The Nigeria Customs Service (NCS) Oyo/Osun Area Command has announced a significant recovery of N25,777,379,328.17 in revenue between March and May 2025. This impressive figure, derived primarily from seized goods and enhanced trade facilitation, represents a substantial 36.67% increase compared to the […]
Oyetola Joins Macron, Prince William, Other Global Leaders at Critical Blue Economy Forum in Monaco Nigeria’s Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola, recently participated in the high-profile Blue Economy and Finance Forum in Monaco, joining a distinguished assembly of world leaders, royalty, and environmentalists including French President Emmanuel Macron and Prince […]
Electronic Call-Up System Delivers Sanity to Ports, AMTO Declares Confidence in Gridlock Solution The Association of Maritime Truck Owners (AMATO) has strongly endorsed the electronic call-up system, known as “Eto,” introduced by the Nigerian Ports Authority (NPA), asserting its effectiveness in significantly tackling the perennial gridlock that plagued the Apapa and Tin-Can port access roads. […]
Unity Bank and AfriGo Forge Partnership to Deepen Electronic Payments and Financial Inclusion Unity Bank Plc has officially announced a strategic collaboration with AfriGo, Nigeria’s domestic card scheme provider, aimed at significantly boosting card usage across its retail customer segments and accelerating the adoption of electronic payments, thereby enhancing financial inclusion across the nation. This […]
Sterling One Foundation Champions Circular Economy for Plastic Waste on Environment Day In commemoration of World Environment Day, Sterling One Foundation, a leading Nigerian non-profit organization focused on sustainable development, has announced a comprehensive agenda aimed at tackling the growing challenge of plastic waste in Nigeria. The foundation’s initiatives emphasize the promotion of a circular […]
Dangote Lightheartedly Corrects MC Over Title in President Tinubu’s Presence During the inauguration of the Lekki Seaport Access Road on Thursday, June 5, billionaire businessman Aliko Dangote humorously corrected a Master of Ceremonies (MC) who introduced him as the “President of Dangote Group” in the presence of Nigeria’s President, Bola Ahmed Taking the microphone after […]
FAO and EU Launch ₦200 Million Aquaculture Support for 40 Ogun Fish Farmers In a significant move to bolster Nigeria’s aquaculture sector, the Food and Agriculture Organization (FAO) of the United Nations, in collaboration with the European Union (EU) and the Federal Government, has initiated a ₦200 million support program targeting 40 fish farmers in […]
Nigeria Customs Seizes Contraband Worth Over ₦1.28 Billion in South-West Operations The Nigeria Customs Service (NCS), Federal Operations Unit Zone A, has announced the interception of contraband goods valued at over ₦1.28 billion during intensified anti-smuggling operations across the South-West region. Comptroller Mohammed Shuaibu, the Unit’s Controller, disclosed that the seizures were made between May […]
Obasanjo Launches Leadership Institute to Tackle Africa’s Governance Challenges Former Nigerian President Olusegun Obasanjo has inaugurated the Olusegun Obasanjo Leadership Institute (OOLI), a new initiative aimed at addressing the persistent leadership deficits across Africa. The launch took place at the Olusegun Obasanjo Presidential Library in Abeokuta, Ogun State, marking the commencement of the Institute’s operations. […]
Edo State to Train 65 NGOs in Capacity-Building Programme In a move to strengthen grassroots development and promote accountability in civic engagements, the Edo State Government has announced that 65 non-governmental organizations (NGOs) operating within the state will undergo a structured capacity-building training program. The initiative, organized in collaboration with development partners and civil society […]
Federal Mortgage Bank Appeals to Abia Government for Support in Recovering Civil Servants’ Loan Repayments The Federal Mortgage Bank of Nigeria (FMBN) has formally appealed to the Abia State Government to assist in recovering outstanding housing loan repayments owed by civil servants in the state. During a courtesy visit to Governor Alex Otti in Umuahia, […]
Electricity Reforms Under Scrutiny: Experts Decry High Tariffs Amid Persistent Blackouts As Nigeria marks two years under President Bola Tinubu’s administration, the nation’s electricity reforms are facing intense criticism. Despite promises of improved power supply and increased generation capacity, many Nigerians continue to endure prolonged blackouts, even as electricity tariffs have surged. Energy experts and […]
Osun Government Launches Free Medical Outreach for Business Owners in 30 LGAs The Osun State Government has announced the launch of a free medical outreach program targeting business owners across all 30 Local Government Areas (LGAs) of the state. This initiative aims to improve the health and wellbeing of entrepreneurs and small business owners, recognizing […]