The Dangote Cement is sponsoring the Africa International Housing Show (AIHS) which opened on Monday at the Transcorp Hilton, Abuja. A statement from the company said aside from the sponsorship, the company is also participating in the event, which is the 19th in the series. The statement signed by the spokesman of the company, Anthony…
The Centre for the Promotion of Private Enterprise (CPPE) says the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to hold the interest rates was anticipated. Dr Muda Yusuf, Chief Executive Officer of CPPE, said this in an interview with the News Agency of Nigeria (NAN) on Wednesday in…
The Central Bank of Nigeria (CBN) has, once again, kept its key lending rate, known as the Monetary Policy Rate (MPR), at 27.5 per cent. The Governor of CBN, Yemi Cardoso, announced the decision on Tuesday in Abuja, following the 301st Monetary Policy Committee (MPC) meeting. Cardoso said that all 12 MPC members voted unanimously…
No fewer than 500 journalists from within and outside Nigeria have undergone training in emerging digital journalism skills, courtesy of Polaris Bank. Management of the bank said the gesture was aimed at equipping the journalists with the skills and knowledge needed to adapt to evolving media trends. Held in Victoria Island, Lagos, the training had…
Nigeria’s upstream oil sector has recorded a major rebound, with the number of active oil rigs rising from eight in 2021 to 46 as of July 2025, according to new figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Mr Gbenga Komolafe, NUPRC’s Chief Executive, revealed the data on Wednesday at the opening of a…
Stanbic IBTC Holdings Plc has successfully concluded its Rights Issue, raising N148.7 billion—exceeding the Central Bank of Nigeria’s (CBN) recapitalisation requirement. In a statement issued on Tuesday, the bank said the offer recorded an impressive oversubscription rate of 21.9 per cent, underscoring strong investor confidence and shareholder support. The capital raise, described as a strategic…
Nigeria’s Central Bank has instructed banks to submit comprehensive Capital Restoration Plans by 14 July 2025, formally ending financial relief measures that were introduced to cushion the sector during the COVID-19 pandemic. In an official circular dated 20 June 2025, signed by Director of Banking Supervision Dr Olubukola Akinwunmi, the CBN set out a clear…
The Managing Director and CEO of the National Agricultural Insurance Corporation (NAIC), Hon. Yazid Shehu Danfulani, has pledged full support for the Federal Government’s efforts to revitalise the livestock sector under President Bola Ahmed Tinubu’s Renewed Hope Agenda. Danfulani made the commitment following a strategic meeting with the Minister of Livestock Development, Dr. Idi Mukhtar…
Renaissance Africa Energy Company Limited has announced that it is taking actionable steps to address electricity and clean energy shortages in Nigeria and across Africa. Mr Tony Attah, Managing Director of Renaissance, made the remark in a statement issued by the company’s spokesperson, Mr Michael Adande, in Port Harcourt on Wednesday. According to the statement,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that Nigeria attracted investment of as much as $16 billion in the two years spanning 2023 to 2025. The Commission Chief Executive (CCE), Gbenga Komolafe, stated this in an address themed: “Strategic Imperatives for Advancing Investments Through Upstream Petroleum Regulations“ at the Nigeria-China Sustainable Bilateral Business,…
