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Nigeria 

World 

Technology & Science 

Money 

Politics 

Culture & Art 

Sport 

Life & Health 

Entertainment 
October 2024

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BOI disburses N77.56bn loans to 1,000 MSMEs

The Bank of Industry has announced that, within the first nine months of 2024, it has successfully disbursed loans totalling N77.65bn specifically aimed at supporting medium, small, and micro-enterprises. It…
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5
2024-10-02 16:50

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UBA grows half-year earnings to N1.37tn

United Bank for Africa has posted a 40 per cent growth in gross earnings to N1.37tn in the first half of 2024 from N981.77bn in the prior period of last…
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2
2024-10-02 02:31
September 2024

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NIPC, RMAFC, DBN, top 2024 FoI ranking

The Nigerian Investment Promotion Commission, the Revenue Mobilisation, Allocation and Fiscal Commission, and the Development Bank of Nigeria have emerged as the top three agencies on the 2024 Freedom of…
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5
2024-09-30 21:39

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UPDATED: World Bank okays $1.57bn loan for Nigeria

The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal Government…
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3
2024-09-30 11:32

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Consumers oppose minister on 20-hour power supply claim

The Electricity Consumer Protection Advocacy Centre has expressed strong opposition to the Ministry of Power’s assertion that over 40 per cent of Nigerians now enjoy up to 20 hours of…
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3
2024-09-30 07:40

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Credits to govt rose by over N11tn in August — CBN

The Central Bank of Nigeria disclosed that credit to the Federal Government increased by N11.33tn or 57.11 per cent to N31.15tn in August from N19.83tn in July. The latest Money…
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1
2024-09-30 06:47

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Tackle piracy to enjoy ocean economy, operators tell govt

Maritime stakeholders have advised the government to tackle piracy, illegal fishing, interstate disputes, and transnational crime to enjoy the $2.5tn ocean economy. They said Nigeria must also address other challenges,…
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2024-09-30 02:47

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Nigeria must boost production to achieve $1tn economy — BOI

The Bank of Industry has emphasised that Nigeria must enhance its production capacity to achieve a one trillion-dollar economy by 2026. The Divisional Head of Services, BoI, Isa Omagu, stated…
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4
2024-09-30 02:27

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PIA amendment: FG may revoke dormant oil wells licences

The House of Representatives has commenced moves to amend the Petroleum Industry Act to make provision for non-producing oil wells to lose their operational licences. On September 26, 2024, the…
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2
2024-09-30 02:18

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FG begins electricity subsidy for public hospitals

The Federal Government said on Sunday that it had begun the implementation of electricity subsidies for public hospitals nationwide. This came as the Governor of Ogun State, Dapo Abiodun, stated…
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3
2024-09-30 02:17

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FG plans tax incentives for MSMEs

The Federal Government has reaffirmed its commitment to supporting micro, small, and medium enterprises through tax incentives aimed at fostering growth and sustainability in the sector. This was disclosed recently…
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9
2024-09-30 02:10

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Respond to members’ needs, Cardoso charges W’Bank, IMF

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has challenged the World Bank and the International Monetary Fund to be more responsive to the varying needs of…
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1
2024-09-30 02:07

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Dangote to transport refined products by sea — Official

Dangote Group has said that it plans to transport refined petroleum products by sea. This announcement was made in a statement on Sunday by the Senior Adviser to the Group…
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2
2024-09-30 02:05

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Silverstone Managers pledges affordable property management solution

A Lagos-based property management firm, Silverstone Managers, has pledged to deploy affordable property management solutions. The firm highlighted significant progress made at Eastland Golf Estate and Fairfield Apartments, which it…
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1
2024-09-30 02:04

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Building technology deficit affecting industry growth, say operators

Stakeholders in the construction industry have identified the poor adoption of modern technologies by professionals as one of the factors contributing to stifling the sector’s growth. According to them, about…
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7
2024-09-30 02:04

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COP29: CCCD urges global leaders to raise climate financing

The Director of the Centre for Climate Change and Development, Alex Ekwueme Federal University, Ebonyi State, Prof. Chukwumerije Okereke, has urged world leaders to ensure that COP29 becomes a decisive…
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7
2024-09-30 02:04

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Paint manufacturers, Coatings Group ink pact on industry growth

Following projections that the paint, wallpaper, and supplies market in Nigeria will experience a 4.01 per cent growth rate in the next years, Coatings Group and Paint Manufacturers Association of…
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4
2024-09-30 02:04

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Sanwo-Olu urges increased investment to combat coastal flooding

The Governor of Lagos State, Babajide Sawo-Olu, has called for improved investment to address the challenge of flood in coastal areas of the state. He made this call at the…
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2
2024-09-30 02:04

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Pelican Valley woos diasporan investors

Pelican Valley Nigeria Limited has taken its investment drive to Canada to attract more diasporan investors in Nigeria. The Chief Executive Officer of Pelican Valley Nigeria Limited, Dr. Babatunde Adeyemo,…
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5
2024-09-30 02:04

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Surveyors advocate women’s involvement in surveying

The Coordinator of the Women-In-Surveying Federal Capital Territory chapter, Abuja, Mrs Ajoke Akintola, has urged Nigerian women to actively engage in the built environment to accelerate national development. This appeal…
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6
2024-09-30 02:01

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Nigerian ports handled 33,471 vessels in eight years – NPA

The Nigerian Ports Authority has said that 33, 471 vessels visited Nigerian Ports between 2015 to 2022. The NPA disclosed this in the 3rd Edition of its handbook detailing the…
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3
2024-09-30 02:01

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Naira-for-crude deal begins Tuesday – Tinubu panel

The Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency, on Sunday, confirmed that the supply of crude in naira by the Nigerian National Petroleum Company Limited to…
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5
2024-09-30 02:01

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WIMBIZ empowers 250 Lagos schoolgirls

No fewer than 250 secondary school girls from Lagos City College in Yaba, Lagos State, have gained financial literacy skills through the Big Sister Programme, an initiative of the Women…
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3
2024-09-30 02:00

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Equity market gains N121bn in one week

The Nigerian equity market gained N121bn last week, with the All-Share Index appreciating by 0.21 per cent to close at 98,458.68 points, while market capitalisation reached N56.578tn. A total turnover…
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4
2024-09-30 00:05

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SEC to crack down on investment fraud, plans capital market radio

The Securities and Exchange Commission has warned individuals and entities engaged in illegal fund management activities, cautioning them to desist immediately or face severe legal consequences. The Commission also reiterated…
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5
2024-09-29 20:23

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FAAC deducts N622.75m for anchor borrowers in 15 months

The Federation Allocation Accounts Committee has deducted N622.75m in 15 months to repay loans disbursed to farmers under the Anchor Borrowers Programme, Sunday PUNCH reports. The Anchor Borrowers Programme of…
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3
2024-09-29 02:39

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Poultry diversification will solve food insecurity – PANLAG

The Poultry Association of Nigeria, Lagos State has recommended diversification and efficiency measures to address the sector’s challenges which hamper food security and sustainability. PANLAG chairman, Mojeed Iyiola called for…
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4
2024-09-29 02:15

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Prudential to take over insurance firm

Prudential Plc has announced its intention to acquire the remaining shares of its joint venture, Prudential Zenith Life Insurance Limited, taking full ownership of the Nigerian insurance firm. The Managing…
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4
2024-09-29 02:13

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