Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu, has described President Bola Tinubu’s recent visit to the United Kingdom as a turning point in bilateral relations. In a statement issued on Monday in Abuja, she said the visit reflected a strategic shift towards stronger economic and security cooperation between both nations. Tinubu and the First…
Nigerian industrialist Aliko Dangote has cautioned that escalating tensions in the Middle East could trigger oil market instability with far-reaching implications for Nigeria and African economies. He made the remarks on Monday in Lagos after visiting President Bola Tinubu to extend Eid-el-Fitr greetings and reaffirm support for the administration. Dangote said that while Nigeria is…
Moniepoint Inc. has acquired Orda Africa to strengthen its presence in Africa’s fast-growing food service sector valued at about 50 billion dollars. Orda Africa (“Orda”) is a leading cloud-based restaurant management platform operating in Nigeria. The acquisition will integrate Orda into Moniepoint’s Moniebook platform, an all-in-one point-of-sale and business management solution launched in 2025. The…
The Tony Elumelu Foundation (TEF) on Sunday unveiled 3,200 new beneficiaries with 5,000 dollars empowerment grant for young African entrepreneurs in its 2026 cohort. The Foundation said that the entrepreneurs would be funded via Heirs Holdings Group Companies, the European Commission, Seme City Development Agency, DEG, the German Development Agency, and the IKEA Foundation. It…
The Aliko Dangote Foundation on Monday donated 20,000 bags of 10-kilogram rice to support vulnerable residents at Ramadan in Bauchi State. The state government, in collaboration with the foundation, inaugurated the distribution of the rice palliatives to persons with disabilities and other vulnerable groups across the state. Speaking, Gov. Bala Mohammed, represented by his Deputy,…
Zenith Bank Plc says it will open a new branch in Manchester, United Kingdom, to strengthen trade and financial links between Africa and global markets. The bank in a statement on Monday said the branch, scheduled for inauguration on Tuesday, would support businesses involved in international trade and investment across the UK, Europe and Africa….
Bank customers have continued to complain over the jmany transaction charges by banks, saying it is discouraging them from depositing money in their bank accounts. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, described the situation as alarming and discouraging. They appealed to the Central Bank of…
Commercial mini-bus drivers in Osogbo on Wednesday protested the hike in the pump price of petrol. The drivers parked their vehicles around the Olaiya Flyover, preventing other mini-bus drivers from conveying passengers in protest against the increase. The News Agency of Nigeria (NAN) reports that the situation resulted in a gridlock in the area. Speaking…
The Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, says that competition and consumer protection laws are the most dynamic and litigated fields of legal practice across jurisdictions. Kekere-Ekun said this at a three-day strategic judicial training on “Competition and Consumer Protection Laws” held in Abuja on Tuesday. The News Agency of Nigeria (NAN) reports…
An energy expert, Prof. Wumi Iledare, says recent increases in petrol pump prices in Nigeria are largely driven by market expectations and fluctuations in global crude oil prices. Iledare, a Professor Emeritus of Petroleum Economics and Policy Research at Louisiana State University’s Centre for Energy Studies, said fuel prices in the short term often respond…
