President Donald Trumps recent decision to cut funding for foreign aid programs has caused concern among African nations including Nigeria who are still struggling to recover from a funding squeeze. The United States is one of the largest donors of foreign aid to Africa and this sudden cut in funding could have serious consequences for the regions development and economic growth. The decision has also raised questions about the future of US-Africa relations and the impact it will have on ongoing projects and programs. Many are calling for a reconsideration of this decision and for continued support from the US to help these emerging nations thrive.
President Donald Trumps recent decision to cut funding for foreign aid programs has caused concern among African nations including Nigeria who are still struggling to recover from a funding squeeze.
The United States is one of the largest donors of foreign aid to Africa and this sudden cut in funding could have serious consequences for the regions development and economic growth.
The decision has also raised questions about the future of US-Africa relations and the impact it will have on ongoing projects and programs.
Many are calling for a reconsideration of this decision and for continued support from the US to help these emerging nations thrive.
In a recent statement Governor Nyesom Wike of Rivers State accused the Peoples Democratic Party (PDP) Governors Forum of acting with impunity and warned of potential further losses in the 2027 elections. He criticized the forum for not consulting with other party members and making decisions without their input. Wike also expressed concern that the forums actions may lead to the party losing more states in future elections. He urged the forum to work together with all party members and consult with them before making any decisions. This statement highlights the need for unity and collaboration within the PDP to ensure future electoral success.
In a recent statement Governor Nyesom Wike of Rivers State accused the Peoples Democratic Party (PDP) Governors Forum of acting with impunity and warned of potential further losses in the 2027 elections.
He criticized the forum for not consulting with other party members and making decisions without their input.
Wike also expressed concern that the forums actions may lead to the party losing more states in future elections.
He urged the forum to work together with all party members and consult with them before making any decisions.
This statement highlights the need for unity and collaboration within the PDP to ensure future electoral success.
Former governor of Kano State Rabiu Kwankwaso has denied rumors that he plans to join the All Progressives Congress (APC) leader Bola Tinubu in consulting ahead of the 2023 elections. Kwankwaso who is a member of the opposition Peoples Democratic Party (PDP) stated that he has no intention of leaving his party and joining Tinubus camp. He also clarified that he has no plans to contest for the presidency in 2023 as speculated by some media outlets. Kwankwasos statement comes amid growing political tensions and speculations about potential alliances and candidates for the 2023 elections in Nigeria.
Former governor of Kano State Rabiu Kwankwaso has denied rumors that he plans to join the All Progressives Congress (APC) leader Bola Tinubu in consulting ahead of the 2023 elections.
Kwankwaso who is a member of the opposition Peoples Democratic Party (PDP) stated that he has no intention of leaving his party and joining Tinubus camp.
He also clarified that he has no plans to contest for the presidency in 2023 as speculated by some media outlets.
Kwankwasos statement comes amid growing political tensions and speculations about potential alliances and candidates for the 2023 elections in Nigeria.
The University of Lagos (UNILAG) Akoka in efforts to give Nigerians an unpolluted environment amid ravaging climate change menace...
A terrorist attack in Borno state Nigeria has left six people dead including two soldiers. The attack was carried out by an unknown group who also ransacked a nearby village. This is not the first time Borno state has been targeted by terrorists as the region has been plagued by violence and insurgency for years. The attack highlights the ongoing security challenges in the area and the vulnerability of civilians and security forces. The Nigerian government has been struggling to contain the spread of terrorism and provide adequate protection for its citizens in the region. The incident serves as a reminder of the ongoing threat of terrorism in Nigeria.
A terrorist attack in Borno state Nigeria has left six people dead including two soldiers.
The attack was carried out by an unknown group who also ransacked a nearby village.
This is not the first time Borno state has been targeted by terrorists as the region has been plagued by violence and insurgency for years.
The attack highlights the ongoing security challenges in the area and the vulnerability of civilians and security forces.
The Nigerian government has been struggling to contain the spread of terrorism and provide adequate protection for its citizens in the region.
The incident serves as a reminder of the ongoing threat of terrorism in Nigeria.
According to boxing promoter Eddie Hearn British heavyweight champion Anthony Joshua has three fights left before he retires. Hearn believes that Joshuas next three fights will define his legacy in the sport and that he has the potential to become one of the greatest heavyweights of all time. Joshua is currently scheduled to fight Kubrat Pulev in December followed by a potential unification bout with Tyson Fury in 2021. Hearn also mentioned the possibility of a rematch with Andy Ruiz Jr. who handed Joshua his first professional loss last year. With just three fights left Joshua will have to make the most of his remaining time in the ring to solidify his place in boxing history.
According to boxing promoter Eddie Hearn British heavyweight champion Anthony Joshua has three fights left before he retires.
Hearn believes that Joshuas next three fights will define his legacy in the sport and that he has the potential to become one of the greatest heavyweights of all time.
Joshua is currently scheduled to fight Kubrat Pulev in December followed by a potential unification bout with Tyson Fury in 2021.
Hearn also mentioned the possibility of a rematch with Andy Ruiz Jr.
who handed Joshua his first professional loss last year.
With just three fights left Joshua will have to make the most of his remaining time in the ring to solidify his place in boxing history.
The Nigerian American Football Association (NAFA) has launched a new initiative to empower young girls in Nigeria through the sport of American football. The program aims to provide girls with opportunities for physical and mental development as well as leadership and teamwork skills. NAFA plans to partner with schools and organizations to introduce the sport to girls and provide them with training and equipment. This initiative is part of NAFAs larger goal of promoting American football in Nigeria and creating a pathway for Nigerian players to compete at an international level. The organization hopes to inspire and empower young girls to reach their full potential through the sport.
The Nigerian American Football Association (NAFA) has launched a new initiative to empower young girls in Nigeria through the sport of American football.
The program aims to provide girls with opportunities for physical and mental development as well as leadership and teamwork skills.
NAFA plans to partner with schools and organizations to introduce the sport to girls and provide them with training and equipment.
This initiative is part of NAFAs larger goal of promoting American football in Nigeria and creating a pathway for Nigerian players to compete at an international level.
The organization hopes to inspire and empower young girls to reach their full potential through the sport.
ChessMasters is a new annual school chess tournament that is set to launch in Lagos Nigeria this May. The tournament aims to be the largest of its kind in Africa bringing together students from schools all over the continent to compete in the game of chess. The event is organized by Chess Africa Initiative and will feature various categories for students of different ages and skill levels. The tournament hopes to promote critical thinking problem-solving and strategic planning skills among students while also fostering a sense of community and healthy competition. With the potential to become a major event in the African chess scene ChessMasters is set to make a significant impact on the youth and the game of chess in the region.
ChessMasters is a new annual school chess tournament that is set to launch in Lagos Nigeria this May.
The tournament aims to be the largest of its kind in Africa bringing together students from schools all over the continent to compete in the game of chess.
The event is organized by Chess Africa Initiative and will feature various categories for students of different ages and skill levels.
The tournament hopes to promote critical thinking problem-solving and strategic planning skills among students while also fostering a sense of community and healthy competition.
With the potential to become a major event in the African chess scene ChessMasters is set to make a significant impact on the youth and the game of chess in the region.
The Ligue 1 clubs in France have voted to terminate their annual broadcast deal worth €500 million. This decision was made due to the financial impact of the COVID-19 pandemic which has caused a significant decrease in revenue for the clubs. The deal which was signed with Spanish media company Mediapro was supposed to run until 2024. However with the current economic crisis the clubs felt it was necessary to end the contract and find a new solution. This termination will have a major impact on the financial stability of the clubs and could potentially lead to player transfers and budget cuts.
The Ligue 1 clubs in France have voted to terminate their annual broadcast deal worth €500 million.
This decision was made due to the financial impact of the COVID-19 pandemic which has caused a significant decrease in revenue for the clubs.
The deal which was signed with Spanish media company Mediapro was supposed to run until 2024.
However with the current economic crisis the clubs felt it was necessary to end the contract and find a new solution.
This termination will have a major impact on the financial stability of the clubs and could potentially lead to player transfers and budget cuts.
The Niger Delta Power Holding Company (NDPHC) has announced plans to invest N500 billion in Nigerias transmission infrastructure. This investment is expected to improve the countrys power transmission capacity and address the issue of inadequate power supply in many parts of the country. The Managing Director of NDPHC Chiedu Adighije stated that the company is working towards increasing the transmission capacity from the current 8000 megawatts to 10000 megawatts in the next few years. This investment is part of the companys efforts to support the governments goal of providing reliable and sustainable power supply to Nigerians. The NDPHC is committed to playing a significant role in the development of Nigerias energy sector.
The Niger Delta Power Holding Company (NDPHC) has announced plans to invest N500 billion in Nigerias transmission infrastructure.
This investment is expected to improve the countrys power transmission capacity and address the issue of inadequate power supply in many parts of the country.
The Managing Director of NDPHC Chiedu Adighije stated that the company is working towards increasing the transmission capacity from the current 8000 megawatts to 10000 megawatts in the next few years.
This investment is part of the companys efforts to support the governments goal of providing reliable and sustainable power supply to Nigerians.
The NDPHC is committed to playing a significant role in the development of Nigerias energy sector.
The article discusses the top ten most valuable Nigerian football stars based on their estimated market value. According to the data the total value of these players is over €315 million with Victor Osimhen topping the list at €60 million. Other notable players on the list include Wilfred Ndidi Samuel Chukwueze and Samuel Kalu. The article also highlights the impact of these players on their respective clubs and their potential for future growth in the football industry. It also emphasizes the need for proper management and investment in Nigerian football to continue producing top talents and competing at the international level.
The article discusses the top ten most valuable Nigerian football stars based on their estimated market value.
According to the data the total value of these players is over €315 million with Victor Osimhen topping the list at €60 million.
Other notable players on the list include Wilfred Ndidi Samuel Chukwueze and Samuel Kalu.
The article also highlights the impact of these players on their respective clubs and their potential for future growth in the football industry.
It also emphasizes the need for proper management and investment in Nigerian football to continue producing top talents and competing at the international level.
The issue of unemployment has become a major concern in many countries and it has had a significant impact on the pension system. With a high number of people losing their jobs there has been an increase in the number of individuals withdrawing their pension funds early. This has led to a strain on the pension system as it was not designed to handle such a large number of withdrawals. It has also raised concerns about the long-term financial stability of retirees. To address this issue governments and pension regulators need to come up with solutions to support both the unemployed and the pension system.
The issue of unemployment has become a major concern in many countries and it has had a significant impact on the pension system.
With a high number of people losing their jobs there has been an increase in the number of individuals withdrawing their pension funds early.
This has led to a strain on the pension system as it was not designed to handle such a large number of withdrawals.
It has also raised concerns about the long-term financial stability of retirees.
To address this issue governments and pension regulators need to come up with solutions to support both the unemployed and the pension system.
First Holdco a Nigerian conglomerate has reported a record-breaking after-tax profit of N663 billion which is the highest in 12 years. This is a significant increase from the previous years profit of N630 billion. The companys revenue also saw a significant growth of 12% to N4.8 trillion. The impressive performance can be attributed to the companys strategic investments and diversification across various sectors including banking insurance and oil and gas. The companys strong financial results are a testament to its resilience and ability to navigate through challenging economic conditions. This achievement is a positive sign for the Nigerian economy and the business sector as a whole.
First Holdco a Nigerian conglomerate has reported a record-breaking after-tax profit of N663 billion which is the highest in 12 years.
This is a significant increase from the previous years profit of N630 billion.
The companys revenue also saw a significant growth of 12% to N4.
8 trillion.
The impressive performance can be attributed to the companys strategic investments and diversification across various sectors including banking insurance and oil and gas.
The companys strong financial results are a testament to its resilience and ability to navigate through challenging economic conditions.
This achievement is a positive sign for the Nigerian economy and the business sector as a whole.
Liverpool FC is reportedly interested in signing Ademola Lookman during the upcoming summer transfer window. The 23-year-old Nigerian winger who currently plays for Fulham has caught the eye of the Premier League champions with his impressive performances this season. Lookman who was previously on loan at RB Leipzig has been a key player for Fulham in their battle against relegation. Liverpool see him as a potential addition to their squad with his pace and attacking abilities making him a good fit for their style of play. It remains to be seen if Fulham will be willing to part ways with Lookman who has two years left on his contract.
Liverpool FC is reportedly interested in signing Ademola Lookman during the upcoming summer transfer window.
The 23-year-old Nigerian winger who currently plays for Fulham has caught the eye of the Premier League champions with his impressive performances this season.
Lookman who was previously on loan at RB Leipzig has been a key player for Fulham in their battle against relegation.
Liverpool see him as a potential addition to their squad with his pace and attacking abilities making him a good fit for their style of play.
It remains to be seen if Fulham will be willing to part ways with Lookman who has two years left on his contract.
As Easter approaches many people are looking for ways to celebrate the holiday at home. One popular option is to watch movies that reflect the spirit of Easter. BusinessDay has compiled a list of 8 must-watch movies for this Easter ranging from religious films like "The Passion of the Christ" to family-friendly options like "Hop" and "Peter Rabbit." These movies offer a mix of entertainment and reflection with themes of redemption sacrifice and hope. With the ongoing pandemic these movies provide a safe and enjoyable way to celebrate Easter with loved ones while also reminding us of the true meaning of the holiday.
As Easter approaches many people are looking for ways to celebrate the holiday at home.
One popular option is to watch movies that reflect the spirit of Easter.
BusinessDay has compiled a list of 8 must-watch movies for this Easter ranging from religious films like "The Passion of the Christ" to family-friendly options like "Hop" and "Peter Rabbit.
" These movies offer a mix of entertainment and reflection with themes of redemption sacrifice and hope.
With the ongoing pandemic these movies provide a safe and enjoyable way to celebrate Easter with loved ones while also reminding us of the true meaning of the holiday.
An Indian company has recently launched a new onion processing plant in Kano Nigeria with an investment of N10 billion. The plant is expected to process 30000 metric tonnes of onions annually which will help to reduce post-harvest losses and increase the shelf life of the crop. This new facility will also create job opportunities for the local community and boost the economy of Kano state. The inauguration of the plant is a positive step towards improving the agricultural sector in Nigeria and promoting self-sufficiency in onion production. It is also a testament to the growing business and trade relations between India and Nigeria.
An Indian company has recently launched a new onion processing plant in Kano Nigeria with an investment of N10 billion.
The plant is expected to process 30000 metric tonnes of onions annually which will help to reduce post-harvest losses and increase the shelf life of the crop.
This new facility will also create job opportunities for the local community and boost the economy of Kano state.
The inauguration of the plant is a positive step towards improving the agricultural sector in Nigeria and promoting self-sufficiency in onion production.
It is also a testament to the growing business and trade relations between India and Nigeria.
The article discusses the rise and fall of Ponzi schemes in Nigeria specifically focusing on the infamous MMM and the newer CBEX. It highlights how these schemes have taken advantage of the countrys struggling economy and lack of financial literacy to lure in unsuspecting investors with promises of high returns. The author also delves into the psychology behind peoples participation in these schemes as well as the governments efforts to crack down on them. Despite the risks and warnings many Nigerians continue to fall for these scams emphasizing the need for better financial education and regulation in the country.
The article discusses the rise and fall of Ponzi schemes in Nigeria specifically focusing on the infamous MMM and the newer CBEX.
It highlights how these schemes have taken advantage of the countrys struggling economy and lack of financial literacy to lure in unsuspecting investors with promises of high returns.
The author also delves into the psychology behind peoples participation in these schemes as well as the governments efforts to crack down on them.
Despite the risks and warnings many Nigerians continue to fall for these scams emphasizing the need for better financial education and regulation in the country.
NIPETE a Nigerian oil and gas service company has recently undergone a rebranding process in order to position itself for growth in the sector. The company which was previously known as Neconde Integrated Services Limited has rebranded to NIPETE Energy Solutions Limited. This rebranding includes a new logo and a revamped website as well as a renewed focus on providing innovative and sustainable solutions to the oil and gas industry. NIPETE aims to expand its services and capabilities in order to better meet the evolving needs of the sector and ultimately contribute to the growth and development of the Nigerian oil and gas industry.
NIPETE a Nigerian oil and gas service company has recently undergone a rebranding process in order to position itself for growth in the sector.
The company which was previously known as Neconde Integrated Services Limited has rebranded to NIPETE Energy Solutions Limited.
This rebranding includes a new logo and a revamped website as well as a renewed focus on providing innovative and sustainable solutions to the oil and gas industry.
NIPETE aims to expand its services and capabilities in order to better meet the evolving needs of the sector and ultimately contribute to the growth and development of the Nigerian oil and gas industry.
Nigerian Breweries the largest brewing company in Nigeria has reported a pre-tax profit of N69.99 billion in the first quarter of 2021. This is a significant increase from the N25.01 billion recorded in the same period last year. The companys revenue also saw a 17.7% growth reaching N105.68 billion. This impressive performance can be attributed to the companys focus on cost management and efficient operations as well as the gradual easing of COVID-19 restrictions. However the company also faced challenges such as increased excise duties and supply chain disruptions. Nigerian Breweries remains optimistic for the rest of the year and is committed to delivering value to its shareholders.
Nigerian Breweries the largest brewing company in Nigeria has reported a pre-tax profit of N69.
99 billion in the first quarter of 2021.
This is a significant increase from the N25.
01 billion recorded in the same period last year.
The companys revenue also saw a 17.
7% growth reaching N105.
68 billion.
This impressive performance can be attributed to the companys focus on cost management and efficient operations as well as the gradual easing of COVID-19 restrictions.
However the company also faced challenges such as increased excise duties and supply chain disruptions.
Nigerian Breweries remains optimistic for the rest of the year and is committed to delivering value to its shareholders.
According to the CEO of the Nigerian Export Promotion Council Olusegun Awolowo three lithium-ion battery factories are expected to begin operations in the second quarter of 2025. These factories which will be located in Lagos will have a combined production capacity of 1.3 billion lithium-ion batteries per year. This is a significant development for Nigeria as it will reduce the countrys dependence on imported batteries and create job opportunities for its citizens. The factories are expected to contribute to the growth of the countrys renewable energy sector and position Nigeria as a major player in the global battery market.
According to the CEO of the Nigerian Export Promotion Council Olusegun Awolowo three lithium-ion battery factories are expected to begin operations in the second quarter of 2025.
These factories which will be located in Lagos will have a combined production capacity of 1.
3 billion lithium-ion batteries per year.
This is a significant development for Nigeria as it will reduce the countrys dependence on imported batteries and create job opportunities for its citizens.
The factories are expected to contribute to the growth of the countrys renewable energy sector and position Nigeria as a major player in the global battery market.
Governor Kashim Shettima of Borno State has unveiled the Federal Governments action plan to address issues such as flood disasters and other environmental challenges. The plan which was developed by the Federal Ministry of Environment aims to mitigate the impact of natural disasters and promote sustainable development in the country. It includes measures such as the construction of drainage systems relocation of communities in flood-prone areas and the establishment of early warning systems. The governor also urged all stakeholders to work together in implementing the plan and emphasized the importance of environmental protection in ensuring the safety and well-being of citizens.
Governor Kashim Shettima of Borno State has unveiled the Federal Governments action plan to address issues such as flood disasters and other environmental challenges.
The plan which was developed by the Federal Ministry of Environment aims to mitigate the impact of natural disasters and promote sustainable development in the country.
It includes measures such as the construction of drainage systems relocation of communities in flood-prone areas and the establishment of early warning systems.
The governor also urged all stakeholders to work together in implementing the plan and emphasized the importance of environmental protection in ensuring the safety and well-being of citizens.
Real Madrid and Arsenal faced off in a pre-season friendly match at the Bernabeu stadium with new Real Madrid coach Carlo Ancelotti making his debut. The game ended in a 2-2 draw with both teams showcasing their potential for the upcoming season. Real Madrids new signing David Alaba impressed on the field while Arsenals young midfielder Jude Bellingham scored a stunning goal to equalize for his team. Ancelotti and Bellingham both expressed their excitement for the upcoming season and their determination to bring success to their respective teams. The match served as a promising start for both clubs as they prepare for the new season.
Real Madrid and Arsenal faced off in a pre-season friendly match at the Bernabeu stadium with new Real Madrid coach Carlo Ancelotti making his debut.
The game ended in a 2-2 draw with both teams showcasing their potential for the upcoming season.
Real Madrids new signing David Alaba impressed on the field while Arsenals young midfielder Jude Bellingham scored a stunning goal to equalize for his team.
Ancelotti and Bellingham both expressed their excitement for the upcoming season and their determination to bring success to their respective teams.
The match served as a promising start for both clubs as they prepare for the new season.
Alert Microfinance Bank is a financial institution that has recently introduced new and innovative products to enhance the customer experience. These products include a mobile app internet banking and a USSD code making it easier for customers to access their accounts and conduct transactions. The banks CEO Mr. Olawale Abioye stated that these products were developed in response to the changing needs and preferences of customers. The bank also offers personalized services such as loan packages tailored to specific customer needs. These new products and services aim to improve customer satisfaction and make banking more convenient for customers ultimately leading to increased customer loyalty.
Alert Microfinance Bank is a financial institution that has recently introduced new and innovative products to enhance the customer experience.
These products include a mobile app internet banking and a USSD code making it easier for customers to access their accounts and conduct transactions.
The banks CEO Mr.
Olawale Abioye stated that these products were developed in response to the changing needs and preferences of customers.
The bank also offers personalized services such as loan packages tailored to specific customer needs.
These new products and services aim to improve customer satisfaction and make banking more convenient for customers ultimately leading to increased customer loyalty.
In this article Chizoba Ehiogu discusses how insurance companies can maintain resilience during economic headwinds. She highlights the importance of diversification and innovation in the face of economic challenges as well as the need for effective risk management strategies. Ehiogu also emphasizes the role of technology in improving efficiency and reducing costs for insurance companies. She suggests that insurance companies should focus on building strong relationships with their customers and providing tailored solutions to meet their needs. Ehiogu concludes by emphasizing the importance of adaptability and agility in the insurance industry as well as the need for collaboration and partnerships to navigate economic uncertainties.
In this article Chizoba Ehiogu discusses how insurance companies can maintain resilience during economic headwinds.
She highlights the importance of diversification and innovation in the face of economic challenges as well as the need for effective risk management strategies.
Ehiogu also emphasizes the role of technology in improving efficiency and reducing costs for insurance companies.
She suggests that insurance companies should focus on building strong relationships with their customers and providing tailored solutions to meet their needs.
Ehiogu concludes by emphasizing the importance of adaptability and agility in the insurance industry as well as the need for collaboration and partnerships to navigate economic uncertainties.
The Nigerian government has introduced a new investment structure to help pension funds in the country access infrastructure equity. This move aims to boost the countrys infrastructure development by providing long-term funding from pension funds. The new structure will allow pension funds to invest up to 20% of their assets in infrastructure projects which was previously limited to only 5%. This will not only diversify the investment portfolios of pension funds but also provide much-needed capital for infrastructure projects in the country. This is a positive step towards addressing the infrastructure deficit in Nigeria and promoting economic growth and development.
The Nigerian government has introduced a new investment structure to help pension funds in the country access infrastructure equity.
This move aims to boost the countrys infrastructure development by providing long-term funding from pension funds.
The new structure will allow pension funds to invest up to 20% of their assets in infrastructure projects which was previously limited to only 5%.
This will not only diversify the investment portfolios of pension funds but also provide much-needed capital for infrastructure projects in the country.
This is a positive step towards addressing the infrastructure deficit in Nigeria and promoting economic growth and development.
Sahara Group a leading energy conglomerate in Africa has signed a 20-year LNG sales and purchase agreement with Amigo a subsidiary of the Nigerian National Petroleum Corporation (NNPC). The agreement will see Sahara Group supply 1.2 million metric tonnes of LNG per annum to Amigo which will be used to meet the growing energy demands in Nigeria. This partnership is a significant step towards reducing the countrys reliance on traditional fossil fuels and promoting the use of cleaner energy sources. It also demonstrates Sahara Groups commitment to sustainable energy solutions and its role in driving economic growth and development in Nigeria.
Sahara Group a leading energy conglomerate in Africa has signed a 20-year LNG sales and purchase agreement with Amigo a subsidiary of the Nigerian National Petroleum Corporation (NNPC).
The agreement will see Sahara Group supply 1.
2 million metric tonnes of LNG per annum to Amigo which will be used to meet the growing energy demands in Nigeria.
This partnership is a significant step towards reducing the countrys reliance on traditional fossil fuels and promoting the use of cleaner energy sources.
It also demonstrates Sahara Groups commitment to sustainable energy solutions and its role in driving economic growth and development in Nigeria.
In 2025 U.S. foreign aid to several African countries has dropped to near zero with some receiving no assistance at all. The U.S. Agency...
Addosser Microfinance Bank has launched a N10 billion commercial paper programme to provide financial solutions for underserved markets. The programme aims to raise funds through short-term debt instruments to support the banks operations and expand its reach to underserved markets. This move is in line with the banks mission to promote financial inclusion and empower individuals and businesses in these markets. The programme will also help the bank diversify its funding sources and reduce its reliance on traditional sources such as deposits. With this initiative Addosser Microfinance Bank hopes to contribute to the growth of the Nigerian economy by providing access to financial services for underserved communities.
Addosser Microfinance Bank has launched a N10 billion commercial paper programme to provide financial solutions for underserved markets.
The programme aims to raise funds through short-term debt instruments to support the banks operations and expand its reach to underserved markets.
This move is in line with the banks mission to promote financial inclusion and empower individuals and businesses in these markets.
The programme will also help the bank diversify its funding sources and reduce its reliance on traditional sources such as deposits.
With this initiative Addosser Microfinance Bank hopes to contribute to the growth of the Nigerian economy by providing access to financial services for underserved communities.
The Nigerian National Integrated Power Project (NIPP) was established in 2004 to address the countrys power sector challenges. As part of the unbundling of the Transmission Company of Nigeria (TCN) the NIPPs Transmission Service Provider (TSP) was created to oversee the management and operation of the countrys transmission network. The TSP is responsible for ensuring the efficient and reliable transmission of electricity as well as the development and maintenance of the transmission infrastructure. This article explains the key functions and responsibilities of the NISO TSP including its role in promoting competition and ensuring fair access to the transmission network for all power sector players.
The Nigerian National Integrated Power Project (NIPP) was established in 2004 to address the countrys power sector challenges.
As part of the unbundling of the Transmission Company of Nigeria (TCN) the NIPPs Transmission Service Provider (TSP) was created to oversee the management and operation of the countrys transmission network.
The TSP is responsible for ensuring the efficient and reliable transmission of electricity as well as the development and maintenance of the transmission infrastructure.
This article explains the key functions and responsibilities of the NISO TSP including its role in promoting competition and ensuring fair access to the transmission network for all power sector players.
The Institute of Chartered Accountants of Nigeria (ICAN) has announced plans to establish an aviation chapter to promote financial governance in the industry. This new chapter will focus on providing training certification and guidance to professionals in the aviation sector to enhance their financial management skills. The aim is to improve transparency and accountability in the industry which has been plagued by financial mismanagement and corruption in the past. The chapter will also collaborate with regulatory bodies and other stakeholders to develop and implement best practices in financial management. This move is expected to boost investor confidence and contribute to the growth of the aviation industry in Nigeria.
The Institute of Chartered Accountants of Nigeria (ICAN) has announced plans to establish an aviation chapter to promote financial governance in the industry.
This new chapter will focus on providing training certification and guidance to professionals in the aviation sector to enhance their financial management skills.
The aim is to improve transparency and accountability in the industry which has been plagued by financial mismanagement and corruption in the past.
The chapter will also collaborate with regulatory bodies and other stakeholders to develop and implement best practices in financial management.
This move is expected to boost investor confidence and contribute to the growth of the aviation industry in Nigeria.
President Donald Trumps recent decision to cut funding for foreign aid programs has caused concern among African nations including Nigeria who are still struggling to recover from a funding squeeze. The United States is one of the largest donors of foreign aid to Africa and this sudden cut in funding could have serious consequences for the regions development and economic growth. The decision has also raised questions about the future of US-Africa relations and the impact it will have on ongoing projects and programs. Many are calling for a reconsideration of this decision and for continued support from the US to help these emerging nations thrive.
President Donald Trumps recent decision to cut funding for foreign aid programs has caused concern among African nations including Nigeria who are still struggling to recover from a funding squeeze.
The United States is one of the largest donors of foreign aid to Africa and this sudden cut in funding could have serious consequences for the regions development and economic growth.
The decision has also raised questions about the future of US-Africa relations and the impact it will have on ongoing projects and programs.
Many are calling for a reconsideration of this decision and for continued support from the US to help these emerging nations thrive.
In a recent statement Governor Nyesom Wike of Rivers State accused the Peoples Democratic Party (PDP) Governors Forum of acting with impunity and warned of potential further losses in the 2027 elections. He criticized the forum for not consulting with other party members and making decisions without their input. Wike also expressed concern that the forums actions may lead to the party losing more states in future elections. He urged the forum to work together with all party members and consult with them before making any decisions. This statement highlights the need for unity and collaboration within the PDP to ensure future electoral success.
In a recent statement Governor Nyesom Wike of Rivers State accused the Peoples Democratic Party (PDP) Governors Forum of acting with impunity and warned of potential further losses in the 2027 elections.
He criticized the forum for not consulting with other party members and making decisions without their input.
Wike also expressed concern that the forums actions may lead to the party losing more states in future elections.
He urged the forum to work together with all party members and consult with them before making any decisions.
This statement highlights the need for unity and collaboration within the PDP to ensure future electoral success.
Former governor of Kano State Rabiu Kwankwaso has denied rumors that he plans to join the All Progressives Congress (APC) leader Bola Tinubu in consulting ahead of the 2023 elections. Kwankwaso who is a member of the opposition Peoples Democratic Party (PDP) stated that he has no intention of leaving his party and joining Tinubus camp. He also clarified that he has no plans to contest for the presidency in 2023 as speculated by some media outlets. Kwankwasos statement comes amid growing political tensions and speculations about potential alliances and candidates for the 2023 elections in Nigeria.
Former governor of Kano State Rabiu Kwankwaso has denied rumors that he plans to join the All Progressives Congress (APC) leader Bola Tinubu in consulting ahead of the 2023 elections.
Kwankwaso who is a member of the opposition Peoples Democratic Party (PDP) stated that he has no intention of leaving his party and joining Tinubus camp.
He also clarified that he has no plans to contest for the presidency in 2023 as speculated by some media outlets.
Kwankwasos statement comes amid growing political tensions and speculations about potential alliances and candidates for the 2023 elections in Nigeria.
The University of Lagos (UNILAG) Akoka in efforts to give Nigerians an unpolluted environment amid ravaging climate change menace...
The University of Lagos (UNILAG) Akoka in efforts to give Nigerians an unpolluted environment amid ravaging climate change menace.
A terrorist attack in Borno state Nigeria has left six people dead including two soldiers. The attack was carried out by an unknown group who also ransacked a nearby village. This is not the first time Borno state has been targeted by terrorists as the region has been plagued by violence and insurgency for years. The attack highlights the ongoing security challenges in the area and the vulnerability of civilians and security forces. The Nigerian government has been struggling to contain the spread of terrorism and provide adequate protection for its citizens in the region. The incident serves as a reminder of the ongoing threat of terrorism in Nigeria.
A terrorist attack in Borno state Nigeria has left six people dead including two soldiers.
The attack was carried out by an unknown group who also ransacked a nearby village.
This is not the first time Borno state has been targeted by terrorists as the region has been plagued by violence and insurgency for years.
The attack highlights the ongoing security challenges in the area and the vulnerability of civilians and security forces.
The Nigerian government has been struggling to contain the spread of terrorism and provide adequate protection for its citizens in the region.
The incident serves as a reminder of the ongoing threat of terrorism in Nigeria.
According to boxing promoter Eddie Hearn British heavyweight champion Anthony Joshua has three fights left before he retires. Hearn believes that Joshuas next three fights will define his legacy in the sport and that he has the potential to become one of the greatest heavyweights of all time. Joshua is currently scheduled to fight Kubrat Pulev in December followed by a potential unification bout with Tyson Fury in 2021. Hearn also mentioned the possibility of a rematch with Andy Ruiz Jr. who handed Joshua his first professional loss last year. With just three fights left Joshua will have to make the most of his remaining time in the ring to solidify his place in boxing history.
According to boxing promoter Eddie Hearn British heavyweight champion Anthony Joshua has three fights left before he retires.
Hearn believes that Joshuas next three fights will define his legacy in the sport and that he has the potential to become one of the greatest heavyweights of all time.
Joshua is currently scheduled to fight Kubrat Pulev in December followed by a potential unification bout with Tyson Fury in 2021.
Hearn also mentioned the possibility of a rematch with Andy Ruiz Jr.
who handed Joshua his first professional loss last year.
With just three fights left Joshua will have to make the most of his remaining time in the ring to solidify his place in boxing history.
The Nigerian American Football Association (NAFA) has launched a new initiative to empower young girls in Nigeria through the sport of American football. The program aims to provide girls with opportunities for physical and mental development as well as leadership and teamwork skills. NAFA plans to partner with schools and organizations to introduce the sport to girls and provide them with training and equipment. This initiative is part of NAFAs larger goal of promoting American football in Nigeria and creating a pathway for Nigerian players to compete at an international level. The organization hopes to inspire and empower young girls to reach their full potential through the sport.
The Nigerian American Football Association (NAFA) has launched a new initiative to empower young girls in Nigeria through the sport of American football.
The program aims to provide girls with opportunities for physical and mental development as well as leadership and teamwork skills.
NAFA plans to partner with schools and organizations to introduce the sport to girls and provide them with training and equipment.
This initiative is part of NAFAs larger goal of promoting American football in Nigeria and creating a pathway for Nigerian players to compete at an international level.
The organization hopes to inspire and empower young girls to reach their full potential through the sport.
ChessMasters is a new annual school chess tournament that is set to launch in Lagos Nigeria this May. The tournament aims to be the largest of its kind in Africa bringing together students from schools all over the continent to compete in the game of chess. The event is organized by Chess Africa Initiative and will feature various categories for students of different ages and skill levels. The tournament hopes to promote critical thinking problem-solving and strategic planning skills among students while also fostering a sense of community and healthy competition. With the potential to become a major event in the African chess scene ChessMasters is set to make a significant impact on the youth and the game of chess in the region.
ChessMasters is a new annual school chess tournament that is set to launch in Lagos Nigeria this May.
The tournament aims to be the largest of its kind in Africa bringing together students from schools all over the continent to compete in the game of chess.
The event is organized by Chess Africa Initiative and will feature various categories for students of different ages and skill levels.
The tournament hopes to promote critical thinking problem-solving and strategic planning skills among students while also fostering a sense of community and healthy competition.
With the potential to become a major event in the African chess scene ChessMasters is set to make a significant impact on the youth and the game of chess in the region.
The Ligue 1 clubs in France have voted to terminate their annual broadcast deal worth €500 million. This decision was made due to the financial impact of the COVID-19 pandemic which has caused a significant decrease in revenue for the clubs. The deal which was signed with Spanish media company Mediapro was supposed to run until 2024. However with the current economic crisis the clubs felt it was necessary to end the contract and find a new solution. This termination will have a major impact on the financial stability of the clubs and could potentially lead to player transfers and budget cuts.
The Ligue 1 clubs in France have voted to terminate their annual broadcast deal worth €500 million.
This decision was made due to the financial impact of the COVID-19 pandemic which has caused a significant decrease in revenue for the clubs.
The deal which was signed with Spanish media company Mediapro was supposed to run until 2024.
However with the current economic crisis the clubs felt it was necessary to end the contract and find a new solution.
This termination will have a major impact on the financial stability of the clubs and could potentially lead to player transfers and budget cuts.
The Niger Delta Power Holding Company (NDPHC) has announced plans to invest N500 billion in Nigerias transmission infrastructure. This investment is expected to improve the countrys power transmission capacity and address the issue of inadequate power supply in many parts of the country. The Managing Director of NDPHC Chiedu Adighije stated that the company is working towards increasing the transmission capacity from the current 8000 megawatts to 10000 megawatts in the next few years. This investment is part of the companys efforts to support the governments goal of providing reliable and sustainable power supply to Nigerians. The NDPHC is committed to playing a significant role in the development of Nigerias energy sector.
The Niger Delta Power Holding Company (NDPHC) has announced plans to invest N500 billion in Nigerias transmission infrastructure.
This investment is expected to improve the countrys power transmission capacity and address the issue of inadequate power supply in many parts of the country.
The Managing Director of NDPHC Chiedu Adighije stated that the company is working towards increasing the transmission capacity from the current 8000 megawatts to 10000 megawatts in the next few years.
This investment is part of the companys efforts to support the governments goal of providing reliable and sustainable power supply to Nigerians.
The NDPHC is committed to playing a significant role in the development of Nigerias energy sector.
The article discusses the top ten most valuable Nigerian football stars based on their estimated market value. According to the data the total value of these players is over €315 million with Victor Osimhen topping the list at €60 million. Other notable players on the list include Wilfred Ndidi Samuel Chukwueze and Samuel Kalu. The article also highlights the impact of these players on their respective clubs and their potential for future growth in the football industry. It also emphasizes the need for proper management and investment in Nigerian football to continue producing top talents and competing at the international level.
The article discusses the top ten most valuable Nigerian football stars based on their estimated market value.
According to the data the total value of these players is over €315 million with Victor Osimhen topping the list at €60 million.
Other notable players on the list include Wilfred Ndidi Samuel Chukwueze and Samuel Kalu.
The article also highlights the impact of these players on their respective clubs and their potential for future growth in the football industry.
It also emphasizes the need for proper management and investment in Nigerian football to continue producing top talents and competing at the international level.
The issue of unemployment has become a major concern in many countries and it has had a significant impact on the pension system. With a high number of people losing their jobs there has been an increase in the number of individuals withdrawing their pension funds early. This has led to a strain on the pension system as it was not designed to handle such a large number of withdrawals. It has also raised concerns about the long-term financial stability of retirees. To address this issue governments and pension regulators need to come up with solutions to support both the unemployed and the pension system.
The issue of unemployment has become a major concern in many countries and it has had a significant impact on the pension system.
With a high number of people losing their jobs there has been an increase in the number of individuals withdrawing their pension funds early.
This has led to a strain on the pension system as it was not designed to handle such a large number of withdrawals.
It has also raised concerns about the long-term financial stability of retirees.
To address this issue governments and pension regulators need to come up with solutions to support both the unemployed and the pension system.
First Holdco a Nigerian conglomerate has reported a record-breaking after-tax profit of N663 billion which is the highest in 12 years. This is a significant increase from the previous years profit of N630 billion. The companys revenue also saw a significant growth of 12% to N4.8 trillion. The impressive performance can be attributed to the companys strategic investments and diversification across various sectors including banking insurance and oil and gas. The companys strong financial results are a testament to its resilience and ability to navigate through challenging economic conditions. This achievement is a positive sign for the Nigerian economy and the business sector as a whole.
First Holdco a Nigerian conglomerate has reported a record-breaking after-tax profit of N663 billion which is the highest in 12 years.
This is a significant increase from the previous years profit of N630 billion.
The companys revenue also saw a significant growth of 12% to N4.
8 trillion.
The impressive performance can be attributed to the companys strategic investments and diversification across various sectors including banking insurance and oil and gas.
The companys strong financial results are a testament to its resilience and ability to navigate through challenging economic conditions.
This achievement is a positive sign for the Nigerian economy and the business sector as a whole.
Liverpool FC is reportedly interested in signing Ademola Lookman during the upcoming summer transfer window. The 23-year-old Nigerian winger who currently plays for Fulham has caught the eye of the Premier League champions with his impressive performances this season. Lookman who was previously on loan at RB Leipzig has been a key player for Fulham in their battle against relegation. Liverpool see him as a potential addition to their squad with his pace and attacking abilities making him a good fit for their style of play. It remains to be seen if Fulham will be willing to part ways with Lookman who has two years left on his contract.
Liverpool FC is reportedly interested in signing Ademola Lookman during the upcoming summer transfer window.
The 23-year-old Nigerian winger who currently plays for Fulham has caught the eye of the Premier League champions with his impressive performances this season.
Lookman who was previously on loan at RB Leipzig has been a key player for Fulham in their battle against relegation.
Liverpool see him as a potential addition to their squad with his pace and attacking abilities making him a good fit for their style of play.
It remains to be seen if Fulham will be willing to part ways with Lookman who has two years left on his contract.
As Easter approaches many people are looking for ways to celebrate the holiday at home. One popular option is to watch movies that reflect the spirit of Easter. BusinessDay has compiled a list of 8 must-watch movies for this Easter ranging from religious films like "The Passion of the Christ" to family-friendly options like "Hop" and "Peter Rabbit." These movies offer a mix of entertainment and reflection with themes of redemption sacrifice and hope. With the ongoing pandemic these movies provide a safe and enjoyable way to celebrate Easter with loved ones while also reminding us of the true meaning of the holiday.
As Easter approaches many people are looking for ways to celebrate the holiday at home.
One popular option is to watch movies that reflect the spirit of Easter.
BusinessDay has compiled a list of 8 must-watch movies for this Easter ranging from religious films like "The Passion of the Christ" to family-friendly options like "Hop" and "Peter Rabbit.
" These movies offer a mix of entertainment and reflection with themes of redemption sacrifice and hope.
With the ongoing pandemic these movies provide a safe and enjoyable way to celebrate Easter with loved ones while also reminding us of the true meaning of the holiday.
An Indian company has recently launched a new onion processing plant in Kano Nigeria with an investment of N10 billion. The plant is expected to process 30000 metric tonnes of onions annually which will help to reduce post-harvest losses and increase the shelf life of the crop. This new facility will also create job opportunities for the local community and boost the economy of Kano state. The inauguration of the plant is a positive step towards improving the agricultural sector in Nigeria and promoting self-sufficiency in onion production. It is also a testament to the growing business and trade relations between India and Nigeria.
An Indian company has recently launched a new onion processing plant in Kano Nigeria with an investment of N10 billion.
The plant is expected to process 30000 metric tonnes of onions annually which will help to reduce post-harvest losses and increase the shelf life of the crop.
This new facility will also create job opportunities for the local community and boost the economy of Kano state.
The inauguration of the plant is a positive step towards improving the agricultural sector in Nigeria and promoting self-sufficiency in onion production.
It is also a testament to the growing business and trade relations between India and Nigeria.
The article discusses the rise and fall of Ponzi schemes in Nigeria specifically focusing on the infamous MMM and the newer CBEX. It highlights how these schemes have taken advantage of the countrys struggling economy and lack of financial literacy to lure in unsuspecting investors with promises of high returns. The author also delves into the psychology behind peoples participation in these schemes as well as the governments efforts to crack down on them. Despite the risks and warnings many Nigerians continue to fall for these scams emphasizing the need for better financial education and regulation in the country.
The article discusses the rise and fall of Ponzi schemes in Nigeria specifically focusing on the infamous MMM and the newer CBEX.
It highlights how these schemes have taken advantage of the countrys struggling economy and lack of financial literacy to lure in unsuspecting investors with promises of high returns.
The author also delves into the psychology behind peoples participation in these schemes as well as the governments efforts to crack down on them.
Despite the risks and warnings many Nigerians continue to fall for these scams emphasizing the need for better financial education and regulation in the country.
NIPETE a Nigerian oil and gas service company has recently undergone a rebranding process in order to position itself for growth in the sector. The company which was previously known as Neconde Integrated Services Limited has rebranded to NIPETE Energy Solutions Limited. This rebranding includes a new logo and a revamped website as well as a renewed focus on providing innovative and sustainable solutions to the oil and gas industry. NIPETE aims to expand its services and capabilities in order to better meet the evolving needs of the sector and ultimately contribute to the growth and development of the Nigerian oil and gas industry.
NIPETE a Nigerian oil and gas service company has recently undergone a rebranding process in order to position itself for growth in the sector.
The company which was previously known as Neconde Integrated Services Limited has rebranded to NIPETE Energy Solutions Limited.
This rebranding includes a new logo and a revamped website as well as a renewed focus on providing innovative and sustainable solutions to the oil and gas industry.
NIPETE aims to expand its services and capabilities in order to better meet the evolving needs of the sector and ultimately contribute to the growth and development of the Nigerian oil and gas industry.
Nigerian Breweries the largest brewing company in Nigeria has reported a pre-tax profit of N69.99 billion in the first quarter of 2021. This is a significant increase from the N25.01 billion recorded in the same period last year. The companys revenue also saw a 17.7% growth reaching N105.68 billion. This impressive performance can be attributed to the companys focus on cost management and efficient operations as well as the gradual easing of COVID-19 restrictions. However the company also faced challenges such as increased excise duties and supply chain disruptions. Nigerian Breweries remains optimistic for the rest of the year and is committed to delivering value to its shareholders.
Nigerian Breweries the largest brewing company in Nigeria has reported a pre-tax profit of N69.
99 billion in the first quarter of 2021.
This is a significant increase from the N25.
01 billion recorded in the same period last year.
The companys revenue also saw a 17.
7% growth reaching N105.
68 billion.
This impressive performance can be attributed to the companys focus on cost management and efficient operations as well as the gradual easing of COVID-19 restrictions.
However the company also faced challenges such as increased excise duties and supply chain disruptions.
Nigerian Breweries remains optimistic for the rest of the year and is committed to delivering value to its shareholders.
According to the CEO of the Nigerian Export Promotion Council Olusegun Awolowo three lithium-ion battery factories are expected to begin operations in the second quarter of 2025. These factories which will be located in Lagos will have a combined production capacity of 1.3 billion lithium-ion batteries per year. This is a significant development for Nigeria as it will reduce the countrys dependence on imported batteries and create job opportunities for its citizens. The factories are expected to contribute to the growth of the countrys renewable energy sector and position Nigeria as a major player in the global battery market.
According to the CEO of the Nigerian Export Promotion Council Olusegun Awolowo three lithium-ion battery factories are expected to begin operations in the second quarter of 2025.
These factories which will be located in Lagos will have a combined production capacity of 1.
3 billion lithium-ion batteries per year.
This is a significant development for Nigeria as it will reduce the countrys dependence on imported batteries and create job opportunities for its citizens.
The factories are expected to contribute to the growth of the countrys renewable energy sector and position Nigeria as a major player in the global battery market.
Governor Kashim Shettima of Borno State has unveiled the Federal Governments action plan to address issues such as flood disasters and other environmental challenges. The plan which was developed by the Federal Ministry of Environment aims to mitigate the impact of natural disasters and promote sustainable development in the country. It includes measures such as the construction of drainage systems relocation of communities in flood-prone areas and the establishment of early warning systems. The governor also urged all stakeholders to work together in implementing the plan and emphasized the importance of environmental protection in ensuring the safety and well-being of citizens.
Governor Kashim Shettima of Borno State has unveiled the Federal Governments action plan to address issues such as flood disasters and other environmental challenges.
The plan which was developed by the Federal Ministry of Environment aims to mitigate the impact of natural disasters and promote sustainable development in the country.
It includes measures such as the construction of drainage systems relocation of communities in flood-prone areas and the establishment of early warning systems.
The governor also urged all stakeholders to work together in implementing the plan and emphasized the importance of environmental protection in ensuring the safety and well-being of citizens.
Real Madrid and Arsenal faced off in a pre-season friendly match at the Bernabeu stadium with new Real Madrid coach Carlo Ancelotti making his debut. The game ended in a 2-2 draw with both teams showcasing their potential for the upcoming season. Real Madrids new signing David Alaba impressed on the field while Arsenals young midfielder Jude Bellingham scored a stunning goal to equalize for his team. Ancelotti and Bellingham both expressed their excitement for the upcoming season and their determination to bring success to their respective teams. The match served as a promising start for both clubs as they prepare for the new season.
Real Madrid and Arsenal faced off in a pre-season friendly match at the Bernabeu stadium with new Real Madrid coach Carlo Ancelotti making his debut.
The game ended in a 2-2 draw with both teams showcasing their potential for the upcoming season.
Real Madrids new signing David Alaba impressed on the field while Arsenals young midfielder Jude Bellingham scored a stunning goal to equalize for his team.
Ancelotti and Bellingham both expressed their excitement for the upcoming season and their determination to bring success to their respective teams.
The match served as a promising start for both clubs as they prepare for the new season.
Alert Microfinance Bank is a financial institution that has recently introduced new and innovative products to enhance the customer experience. These products include a mobile app internet banking and a USSD code making it easier for customers to access their accounts and conduct transactions. The banks CEO Mr. Olawale Abioye stated that these products were developed in response to the changing needs and preferences of customers. The bank also offers personalized services such as loan packages tailored to specific customer needs. These new products and services aim to improve customer satisfaction and make banking more convenient for customers ultimately leading to increased customer loyalty.
Alert Microfinance Bank is a financial institution that has recently introduced new and innovative products to enhance the customer experience.
These products include a mobile app internet banking and a USSD code making it easier for customers to access their accounts and conduct transactions.
The banks CEO Mr.
Olawale Abioye stated that these products were developed in response to the changing needs and preferences of customers.
The bank also offers personalized services such as loan packages tailored to specific customer needs.
These new products and services aim to improve customer satisfaction and make banking more convenient for customers ultimately leading to increased customer loyalty.
In this article Chizoba Ehiogu discusses how insurance companies can maintain resilience during economic headwinds. She highlights the importance of diversification and innovation in the face of economic challenges as well as the need for effective risk management strategies. Ehiogu also emphasizes the role of technology in improving efficiency and reducing costs for insurance companies. She suggests that insurance companies should focus on building strong relationships with their customers and providing tailored solutions to meet their needs. Ehiogu concludes by emphasizing the importance of adaptability and agility in the insurance industry as well as the need for collaboration and partnerships to navigate economic uncertainties.
In this article Chizoba Ehiogu discusses how insurance companies can maintain resilience during economic headwinds.
She highlights the importance of diversification and innovation in the face of economic challenges as well as the need for effective risk management strategies.
Ehiogu also emphasizes the role of technology in improving efficiency and reducing costs for insurance companies.
She suggests that insurance companies should focus on building strong relationships with their customers and providing tailored solutions to meet their needs.
Ehiogu concludes by emphasizing the importance of adaptability and agility in the insurance industry as well as the need for collaboration and partnerships to navigate economic uncertainties.
The Nigerian government has introduced a new investment structure to help pension funds in the country access infrastructure equity. This move aims to boost the countrys infrastructure development by providing long-term funding from pension funds. The new structure will allow pension funds to invest up to 20% of their assets in infrastructure projects which was previously limited to only 5%. This will not only diversify the investment portfolios of pension funds but also provide much-needed capital for infrastructure projects in the country. This is a positive step towards addressing the infrastructure deficit in Nigeria and promoting economic growth and development.
The Nigerian government has introduced a new investment structure to help pension funds in the country access infrastructure equity.
This move aims to boost the countrys infrastructure development by providing long-term funding from pension funds.
The new structure will allow pension funds to invest up to 20% of their assets in infrastructure projects which was previously limited to only 5%.
This will not only diversify the investment portfolios of pension funds but also provide much-needed capital for infrastructure projects in the country.
This is a positive step towards addressing the infrastructure deficit in Nigeria and promoting economic growth and development.
Sahara Group a leading energy conglomerate in Africa has signed a 20-year LNG sales and purchase agreement with Amigo a subsidiary of the Nigerian National Petroleum Corporation (NNPC). The agreement will see Sahara Group supply 1.2 million metric tonnes of LNG per annum to Amigo which will be used to meet the growing energy demands in Nigeria. This partnership is a significant step towards reducing the countrys reliance on traditional fossil fuels and promoting the use of cleaner energy sources. It also demonstrates Sahara Groups commitment to sustainable energy solutions and its role in driving economic growth and development in Nigeria.
Sahara Group a leading energy conglomerate in Africa has signed a 20-year LNG sales and purchase agreement with Amigo a subsidiary of the Nigerian National Petroleum Corporation (NNPC).
The agreement will see Sahara Group supply 1.
2 million metric tonnes of LNG per annum to Amigo which will be used to meet the growing energy demands in Nigeria.
This partnership is a significant step towards reducing the countrys reliance on traditional fossil fuels and promoting the use of cleaner energy sources.
It also demonstrates Sahara Groups commitment to sustainable energy solutions and its role in driving economic growth and development in Nigeria.
In 2025 U.S. foreign aid to several African countries has dropped to near zero with some receiving no assistance at all. The U.S. Agency...
In 2025 U.
S.
foreign aid to several African countries has dropped to near zero with some receiving no assistance at all.
The U.
S.
Agency.
Addosser Microfinance Bank has launched a N10 billion commercial paper programme to provide financial solutions for underserved markets. The programme aims to raise funds through short-term debt instruments to support the banks operations and expand its reach to underserved markets. This move is in line with the banks mission to promote financial inclusion and empower individuals and businesses in these markets. The programme will also help the bank diversify its funding sources and reduce its reliance on traditional sources such as deposits. With this initiative Addosser Microfinance Bank hopes to contribute to the growth of the Nigerian economy by providing access to financial services for underserved communities.
Addosser Microfinance Bank has launched a N10 billion commercial paper programme to provide financial solutions for underserved markets.
The programme aims to raise funds through short-term debt instruments to support the banks operations and expand its reach to underserved markets.
This move is in line with the banks mission to promote financial inclusion and empower individuals and businesses in these markets.
The programme will also help the bank diversify its funding sources and reduce its reliance on traditional sources such as deposits.
With this initiative Addosser Microfinance Bank hopes to contribute to the growth of the Nigerian economy by providing access to financial services for underserved communities.
The Nigerian National Integrated Power Project (NIPP) was established in 2004 to address the countrys power sector challenges. As part of the unbundling of the Transmission Company of Nigeria (TCN) the NIPPs Transmission Service Provider (TSP) was created to oversee the management and operation of the countrys transmission network. The TSP is responsible for ensuring the efficient and reliable transmission of electricity as well as the development and maintenance of the transmission infrastructure. This article explains the key functions and responsibilities of the NISO TSP including its role in promoting competition and ensuring fair access to the transmission network for all power sector players.
The Nigerian National Integrated Power Project (NIPP) was established in 2004 to address the countrys power sector challenges.
As part of the unbundling of the Transmission Company of Nigeria (TCN) the NIPPs Transmission Service Provider (TSP) was created to oversee the management and operation of the countrys transmission network.
The TSP is responsible for ensuring the efficient and reliable transmission of electricity as well as the development and maintenance of the transmission infrastructure.
This article explains the key functions and responsibilities of the NISO TSP including its role in promoting competition and ensuring fair access to the transmission network for all power sector players.
The Institute of Chartered Accountants of Nigeria (ICAN) has announced plans to establish an aviation chapter to promote financial governance in the industry. This new chapter will focus on providing training certification and guidance to professionals in the aviation sector to enhance their financial management skills. The aim is to improve transparency and accountability in the industry which has been plagued by financial mismanagement and corruption in the past. The chapter will also collaborate with regulatory bodies and other stakeholders to develop and implement best practices in financial management. This move is expected to boost investor confidence and contribute to the growth of the aviation industry in Nigeria.
The Institute of Chartered Accountants of Nigeria (ICAN) has announced plans to establish an aviation chapter to promote financial governance in the industry.
This new chapter will focus on providing training certification and guidance to professionals in the aviation sector to enhance their financial management skills.
The aim is to improve transparency and accountability in the industry which has been plagued by financial mismanagement and corruption in the past.
The chapter will also collaborate with regulatory bodies and other stakeholders to develop and implement best practices in financial management.
This move is expected to boost investor confidence and contribute to the growth of the aviation industry in Nigeria.