CATEGORY
Business and Economy
World Bank Approves $1.57B for Nigeria’s Health Sector
By Milcah TanimuThe World Bank has approved three new financing initiatives totaling $1.57 billion to bolster Nigeria's health sector. This decision, announced by the...
Julius Berger MD takes a bow, Lubasch steps in as MD
By Lucy OmakpoJulius Berger Nigeria Plc has announced a change in the constitution of its management with the current Managing Director, Engr Dr....
Integrity of Nigeria’s Banking System Vital for Economic Stability, Say Ethnic Leaders
The Ethnic Youth Leaders Council of Nigeria has underscored the critical role of the nation's banking system's integrity in maintaining economic stability and promoting...
CBN Hikes Interest Rates, Defying Global Trends
By Milcah Tanimu The Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate (MPR) by 50 basis points to 27.25%, defying global trends...
Nigerians Outraged as Hamster Kombat Payouts Disappoint
In a surprising twist, the long-awaited airdrop from the crypto-mining app Hamster Kombat has sparked outrage among thousands of Nigerians. After five months of...
ExxonMobil Plans $10 Billion Investment in Nigeria’s Oil Sector
By Milcah TanimuExxonMobil has unveiled plans to invest **$10 billion** in Nigeria’s offshore oil operations, marking a significant move in its investment strategy. This...
Nigeria Secures $600,000 Flood Relief Fund from Gates Foundation
Nigeria has secured a $600,000 relief fund from the Bill and Melinda Gates Foundation to support victims of devastating floods and aid reforms in...
U.S. Ambassador Urges Nigeria to Release Binance Executive
By Milcah TanimuThe United States Ambassador to the United Nations, Linda Thomas-Greenfield, has urgently called for the release of Tigran Gambaryan, a U.S. citizen...
Nigeria’s Remittance Inflows Reach $585 Million in August 2024
By Milcah TanimuCentral Bank of Nigeria (CBN) announced a significant increase in remittance inflows, reaching $585 million in August 2024. This surge follows the...
Aliko Dangote Criticizes NNPC’s Decision to Reduce Stake in Dangote Refinery
By Milcah TanimuAliko Dangote, Africa's richest man and President of the Dangote Group, has criticized the Nigerian National Petroleum Company Limited (NNPC) for reducing...