April 22
Nigeria: Wema Bank Earmarks N70m for Hackaholics Contest
Wema Bank yesterday unveiled the 5th edition of its flagship youth and startup-focused tech competition, Hackaholics 5.0, with no fewer than 15,000 applicants being targeted. Read more »
Nigeria: FG to Get Fresh $2.2bn World Bank Loan - Edun
The federal government is expecting a fresh $2.2 billion single-digit interest loan from the World Bank and another budget support facility from the African Development Bank… Read more »
Nigeria: Access Pensions Reaffirms Support to Pension-Backed Mortgages
Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension-Backed Mortgages (PBMs). Read more »
Nigeria: Kwara Residents Rejoice As Rice Price Crashes to N52,000
Many residents of Kwara state are expressing joy as a 50kg bag of rice now goes for between N52,000 and N54,000 from the N80,000 during the last Ramadan and N65,000 about a week… Read more »
Nigeria: Dana Air Conducts Free Health Screening for Passengers, Others
Dana Air, one of Nigeria's leading airlines, has announced two significant initiatives aimed at promoting health and wellness among its staff and customers and that it has… Read more »
April 21
Nigeria: FG, Investigate Oil Spill in Uzere
In 2023, there was an oil spill in Uzere, in Isoko South Local Government Area of Delta State, which spread into farmlands and fishing ponds of Uzere. Read more »
Nigeria: Claim 45 Percent of Kaduna State's Debt Borrowed Before El-Rufai's Administration Inaccurate
Claim: An X user claimed that 45 per cent of Kaduna State's debt was borrowed before Governor Nasir El-Rufai was elected in 2015. Read more »
Nigeria: A Call On Wholesalers to Reduce Prices of Commodities
Prices of commodities are supposed to be witnessing a slight if not significant change in prices owing to the fact that there is reduction in the price of diesel. We the general… Read more »
Nigeria: Gov Otu Plans More Rural Roads to Boost Agriculture
Governor Bassey Otu of Cross River State has disclosed that his government will open up many rural roads to enable rural farmers evacuate their farm yields to urban centres and… Read more »
Africa: Solar Irrigation Offering to Be Rolled Out Across Sub-Saharan Africa
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement with Savant Group Ltd, committing US$12 million to scale SunCulture's solar… Read more »
April 19
Nigeria: Dangote Refinery Explores U.S. for Crude Shipment, Expecting Third Stock
The 650,000 barrels per day Dangote Petroleum Refinery has been able to ramp up production leveraging on cheaper crude imports from the United States, a report has said. Read more »
April 18
Nigeria: Boat Tragedy - Wake-Up Call for Safety, Accountability in Nollywood
A Nollywood crew including the actor, Junior Pope Odonwodo and a make-up artiste, died last week in a terrible, terrible accident when their boat capsized on the way to a film… Read more »
Nigeria: Tariff Increase to Worsen Economic Instability - Private Sector
Says Nigeria ranked third on highest electricity cost Read more »
Nigeria: Make Staff Housing Your Project, FCT Workers Beg Wike
Workers of the Federal Capital Territory (FCT), under the Joint Unions Action Committee (JUAC), have appealed to the FCT Minister, Nyesom Wike, to make staff housing one of his… Read more »
Nigeria: Access Bank to Reward 15,786 Customers in Diamond Xtra Season 16 Promo
The management of Access Bank has set aside N200 million in cash and three SUVs to reward 15,786 customers in its Season 16 DiamondXtra campaign. Read more »
Nigeria: Monetary Tightening Freezes Commercial Banks N17.3trn
As CBN lowers banks' loan-to-deposit ratio to 50% Read more »
Nigeria: NESG Reappoints Board Directors
The Nigerian Economic Summit Group (NESG) yesterday held its Annual General Meeting (AGM) where it reappointed its board of directors. Read more »
Nigeria: Reps Urges SEC, Frc to Reconcile Alleged Unremitted Funds
The House of Representative Public Accounts Committee has mandated the Securities and Exchange Commission (SEC) and the Fiscal Responsibility Commission (FRC) to amicably settle… Read more »
Nigeria: NPA Secures $700m Facility From Citibank to Rehabilitate Apapa, Tin-Can Ports
The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the rehabilitation of Apapa and Tin-Can Island Ports in Lagos. Read more »
Nigeria: A Case for Effective Electronic Medical Records Culture in Nigeria
The relevance of electronic medical records in Nigeria cannot be over-emphasized. However, implementing a functional and effective EMR system requires a collaborative and… Read more »
Nigeria: BDCS Now Buying Dollar At N980 - - Abcon President
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market and selling at N1,020/$. Read more »
Nigeria: FMBN Commences Recapitalisation Exercise
The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has disclosed that the bank has commenced recapitalisation exercise to boost efficiency in… Read more »
Nigeria: IMF Sees Nigeria's Inflation Dropping to 26.3 Percent This Year
The International Monetary Fund (IMF) has said Nigeria's inflation rate will drop to 26.3% in 2024, noting that the country's economy will equally grow by 3.3% this year. Read more »
April 17
Nigeria: Equities Market Posts Biggest Loss in April As Investors Lose N1.1trn
The Nigerian Exchange (NGX) market capitalisation recorded the biggest loss in the month of April with investors losing N1.1trn. Read more »
Nigeria: Tough Time to Be Entrepreneur in Nigeria
The Manufacturers Association of Nigeria (MAN) told us last month that 767 companies folded up in 2023, with 335 others distressed and obviously in danger of going down too. If the… Read more »