Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has lauded the Dangote Cement Plc for its contributions to the development of the Nigerian economy, urging the company to join hand with the government in bridging the housing gap in the country. Speaking during a tour of the company’s exhibition stand at the ongoing Africa […]
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United Bank for Africa (UBA) Plc has rejected the reported sale of its 60 per cent stake in the Ibadan Electricity Distribution Company (IBEDC) for N100 billion by the Asset Management Corporation of Nigeria (AMCON), describing the transaction as unlawful, opaque, and carried out without its consent or due process. Speaking during a media […]
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Nigeria’s major financial service institution, Zenith Bank Plc has maintained its position as the number one bank in Nigeria by Tier-1 capital rating for the 16th consecutive year. The bank clinched the position in the 2025 Top 1,000 World Banks Rankings published by The Banker, a publication of the Financial Times Group, United Kingdom. […]
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The Presidential Compressed Natural Gas Initiative (PCNGI) has welcomed the Dangote Refinery’s fuel distribution plan that will see it deploying 4,000 Compressed Natural Gas (CNG) trucks across Nigeria. Speaking to newsmen on the sideline of the just concluded West Africa Economic Summit (WAES) in Abuja, Commercial Coordinator, Tosin Coker, said: “This is a landmark development, […]
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At 55, Dr. AweleElumelu doesn’t merely wear many hats; she crafts them, stitches them with purpose, and hands them to others. Physician. Entrepreneur. Philanthropist. Marathoner. Wife. Mother. Architect of access in Africa’s healthcare maze. Born in Delta State and trained across Nigeria and the United Kingdom, Lady Awele is not simply a doctor who traded […]
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The siege laid to the main opposition party the People’s Democratic Party (PDP), national secretariat by Security operatives on Monday 30th, 2025, in Abuja, to prevent the party leaders from convening for the 100th National Executive Committee (NEC) meeting, has been described as ‘madness’. The two factions of the party’s National Working Committee (NWC) had […]
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Shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN), have condemned the recent legislation mandating the transfer of unclaimed dividends from companies’ registrars to the Central Bank of Nigeria (CBN) for management. The group, in a statement signed by its national coordinator, Mr. Moses Igbrude, condemned the National Assembly’s decision to pass […]
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The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will reduce production costs, ease inflationary […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, showed an impressive rise in the bank’s profit after tax which went up […]
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The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF Founder, Mr Tony Elumelu, made this known recently in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. He stated that each beneficiary would receive a $5,000 seed grant to […]
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Industry leaders have identified important measures to secure telecommunications infrastructures in the country and ensure that investments in the telecoms space are protected. They argued that as much as the effective implementation of the Executive Order on the Designation and Protection of Critical National Information Infrastructure (CNII) is important, the Order cannot solely guarantee infrastructure […]
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Chairman of the Aliko Dangote Foundation and Africa’s wealthiest person has continued to draw widespread commendation over the socio-economic impact of his national food relief programme, as the Foundation continues the distribution of 80,000 units of 10kg bags of rice to the vulnerable in Lagos State. Recall that the Lagos flag-off of the nationwide rice […]
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