United Bank for Africa Reports Strong Half-Year Earnings Amid Forex Fluctuations
United Bank for Africa (UBA) recently announced its half-year financial results for 2024, revealing a pre-tax profit of N401.5 billion....
World Bank Approves $1.57 Billion for Nigeria’s Development
The World Bank has approved a substantial financing package for Nigeria, aimed at enhancing governance in education and healthcare, improving...
Otedola Expands Dominance in FBN Holdings with New Acquisition
Billionaire investor and Chairman of FBN Holdings, Femi Otedola, has strengthened his status as the largest shareholder by acquiring an...
ExxonMobil to investment $10 Billion in Nigeria
The Nigerian Federal Government has expressed strong support for ExxonMobil's decision to invest $10 billion in the country's deep-water oil...
President Tinubu Plans Cabinet Reshuffle
Bayo Onanuga, special adviser to the president on information and strategy, announced on Wednesday that the president intends to reorganize...
FEC Approves N158 Billion Contract with Dangote for Lekki Deep Sea Port Access
The Federal Executive Council (FEC) has greenlighted a substantial N158 billion project aimed at developing service lanes that will link...
Transforming Nigeria’s Airports
The Minister of Aviation and Aerospace Development, Festus Keyamo, has emphasized the importance of public-private partnerships (PPPs) in revitalizing and...
President Tinubu Rejects Bill to Extend National Assembly Workers’ Service Years
President Bola Tinubu has officially rejected a proposed bill aimed at extending the service duration of National Assembly employees by...
Nigeria’s Unemployment Rate Hits 5.3% in Q1 2024
Nigeria's unemployment rate increased to 5.3% in the first quarter of 2024, marking a 0.3 percentage point rise from 5.0%...
Nigeria’s Central Bank Increases Key Interest Rate to Combat Inflation
The Central Bank of Nigeria (CBN) has elevated the Monetary Policy Rate (MPR) by 50 basis points, adjusting it from...
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