CBN, SEC Approve FCMB Group’s N147 Billion Rights Offer
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have given their approval for FCMB Group’s ...
Tag: federal character
World Bank Approves $1.5 Billion Loan to Nigeria Following Fuel Subsidy Removal and Tax Reforms
The World Bank has given Nigeria a $1.5 billion loan as part of the RESET Development Policy Financing program, which ...
Nigeria Secures $1.2 Billion Livestock Investment from Saudi Arabia
The Nigerian Government has announced that SALIC International Investment Company from Saudi Arabia has bought a 35.43% share in Olam ...
Local Councils to Receive Direct Allocations from FAAC Starting January 2025
Starting in January 2025, local governments in Nigeria will get their direct allocations from the Federation Account. This change comes ...
Thousands at Risk as Northern Gaza’s Last Major Hospital Shuts Down
The Kamal Adwan Hospital, the last remaining major healthcare facility in northern Gaza, is now out-of-service. This is following a ...
Burna Boy Snubs Podcasts, Sends Nigerians a Brutal Message
Burna Boy has once again sparked controversy, dismissing comparisons to Afrobeat legend Fela Kuti and snubbing podcasts as beneath him. ...
South Korea Launches Nationwide Air Safety Probe After Horrific Plane Crash
In the aftermath of South Korea's deadliest plane crash, Acting President Choi Sang-mok has ordered an urgent safety inspection of ...
Warri Refinery Resumes Operations After Long Delay
After much anticipation, the 125,000 barrels per day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State, has officially ...
Proposed VAT Reform to Cut Manufacturing Costs by 3.3%
The proposed VAT reform in Nigeria could actually reduce manufacturing costs, contrary to what many are likely thinking. While the ...
Funke Akindele’s Everybody Loves Jenifa Hits 1 Billion Naira
Funke Akindele, Nigeria’s undisputed Queen of the Box Office, has once again proven why she holds the crown. Her latest ...
Legal Gray Areas Cloud Lagos APC’s Local Government Election Announcement
The Lagos State Chapter of the All Progressives Congress (APC) has declared its intent to hold local government elections in ...
Telecom Operators Warn of Imminent Service Disruptions Amid Rising Costs
Telecom companies in Nigeria have expressed worries over escalating operational costs. They warned that there will likely be service interruptions ...
South Korean Investigators Seek Arrest of President Yoon Over Martial Law
South Korean investigators have requested an arrest warrant for suspended President Yoon Suk Yeol following his short-lived imposition of martial ...
World Bank Disburses $1.5 Billion Loan to Nigeria: A Step Towards Economic Transformation?
The World Bank’s disbursement of a $1.5 billion loan to Nigeria marks a significant moment in the country’s economic reform ...
Michelle Keegan And Mark Wright Reveal Exciting Baby News
Michelle Keegan and Mark Wright have announced that they are expecting their first child together. The star couple, both 37-year-old, ...
