The recent announcement of Minister of Works, Mr. David Umahi's underwater investigation and emergency maintenance plan for the Third Mainland Bridge in Lagos has sparked discussions about the underlying motives behind his choice of assignment. As the bridge maintenance is set to take place in Lagos, the home state of ...
The Federal Government has initiated a comprehensive underwater investigation of the Third Mainland Bridge in Lagos, signalling an imminent emergency maintenance closure of the bridge. This decision comes as part of the government's efforts to ensure the structural integrity of key bridges and roads in the region. Minister of Works, ...
In a significant move, the Dangote Group has made public its intention to merge three of its prominent subsidiaries—Dangote Sugar Refinery (DSR), NASCON Allied Industries Plc (NASCON), and Dangote Rice Limited (DRL). This merger, as announced in a press release by the Company Secretary Mrs. Temitope Hassan, will be executed ...
A wave of celebration and pride swept through the Nigerian academic community as 127 exceptional individuals emerged victorious in the highly competitive 2023 Chevening Awards. The corridors of learning resonated with their achievements, as these scholars secured the prestigious Chevening and Commonwealth scholarships, opening the doors to a plethora of ...
Davido became a rising star in a very early age. The 30-year-old Afrobeats phenomenon, is capturing the world's attention with his latest album "Timeless." From a jet-setting promotional tour to his significant impact on the global music scene, his journey is redefining African music on a global scale. From Lagos ...
Alhaji Aliko Dangote, a name synonymous with entrepreneurship and success, stands as a towering figure in the business landscape not only in Nigeria but across the African continent. As the Chairman of the Dangote Group, his journey from humble beginnings to becoming one of the wealthiest individuals on the planet ...
Tony Elumelu, a prominent Nigerian entrepreneur, philanthropist, and business magnate, has left an indelible mark in Nigeria and on the African financial landscape. As the Chairman of Heirs Holdings Ltd. and the United Bank for Africa (UBA) PLC, he has demonstrated exceptional leadership and innovation in the world of business. ...
In the realm of financial management, credit holds the key to accessing borrowed funds or valuable assets with the commitment to repay the lender at a later date, usually accompanied by interest. Sources of credit include credit cards, student loans, mortgages, and other types of loans, all falling under the ...
As the sun rose over Gabon, a country that has grappled with its post-colonial legacy, a coup d'état unfurled, toppling the recently re-elected President. The Bongo family, a mainstay in Gabon's political landscape since its independence from France, now confronts a significant shift in governance. The French Influence France's historical ...
In a swift turn of events, the Nigerian equities market experienced a downturn at the conclusion of Wednesday's trading session, following a remarkable surge that had propelled the market to a historic high the day before. Record High Shattered The Nigerian Exchange made headlines when it exceeded a milestone that ...
The Nigerian naira experienced a noticeable decline against the US dollar on the official market, signalling alignment with global market trends. Market rates published on the FMDQ website highlighted the naira's shift, with an opening rate of N769.66 to $1 and a closing rate of N775.34 to $1 on Tuesday. ...
In a strategic move aimed at bolstering Nigeria's workforce and advancing its technological capabilities, the Federal Government has unveiled an ambitious plan to provide technical training for 1 million citizens by 2025. This initiative, spearheaded by the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, seeks to equip ...
In a significant turn of events, the crypto market experienced a resounding surge in enthusiasm as a US court delivered a groundbreaking decision, paving the way for the country's inaugural Bitcoin exchange-traded fund (ETF). This decision brought a sense of relief to cryptocurrency investors and posed a challenge to the ...
Recent years have witnessed an alarming surge in the occurrence of coup d'état incidents across West and Central Africa, painting a troubling portrait of political instability in the region. This troubling trend has deep historical roots, with the echoes of coups resonating through the corridors of power and governance. Now, ...
A cloud of worry has enveloped the family of Gboyega Odubanjo, a 27-year-old award-winning London poet, who disappeared four days ago while attending the Shambala festival in Kelmarsh, Northamptonshire. Gboyega, known for his kind-hearted nature, was slated to perform at the festival on Saturday morning, but his whereabouts since then ...
In a surprising turn of events, senior military officers in Gabon took to the national airwaves early on Wednesday to declare their seizure of power. This bold move followed the state election body's announcement that President Ali Bongo had secured a third term. With cameras rolling on Gabon 24, the ...
In a bid to safeguard Nigerians from the pitfalls of unscrupulous investment practices, a clarion call has been sounded regarding the potential dangers of engaging with unregistered and unregulated investment schemes and money management services. The recent sealing of Stockmatch Investments Ltd by the Securities and Exchange Commission (SEC) serves ...
As the global air travel scene witnesses soaring numbers, Nigeria's role in the African air travel landscape is under scrutiny. The ranking of Nigerian airports in the list of Africa's busiest raises questions about the factors at play. The figures informing this ranking in our earlier report, was released by ...
In a bid to combat air pollution and create a greener environment, London's Ultra Low Emission Zone (ULEZ) is expanding to cover all boroughs, commencing from Tuesday. This initiative aims to encourage cleaner vehicles on the road and improve overall air quality. If you're a London motorist, here's what you ...
In the midst of economic uncertainties and rapid changes, effectively managing personal finances takes centre stage. For Nigerians, the ability to navigate through challenging times hinges on strategic planning, smart decision-making, and adaptability. While these turbulent times aren't unique to Nigeria alone, they're a worldwide concern. The global financial outlook, ...
With the global air travel industry gaining momentum right after the COVID-19 health scare that nearly crippled the global aviation industry, Africa's skies have seen a surge in activity recently. In 2022, a whopping 178.6 million travellers made their way through the continent's 477 airports, marking a significant increase in ...
The impending trial of former US President Donald Trump on charges of orchestrating an election plot carries potential consequences that could reverberate through the political landscape. By the commencement of the Federal trial, he will either be preparing for prison or the poll. As the trial's date approaches, experts are ...
After a prolonged legal battle and a surge of discontent among motorists, London is bracing itself for the imminent rollout of the Ultra Low Emission Zone (Ulez) expansion, scheduled to be operational from Tuesday. Originally introduced in 2019 with the aim of cleansing the city's air, the expansion will now ...
The recurring spectre of floods has once again cast a shadow of uncertainty over Nigeria's flood-prone areas. The recent announcement of the impending Lagdo Dam floodgate release has highlighted a distressing pattern of government inaction when it comes to providing permanent solutions to this perennial issue. The lack of comprehensive ...
President Tinubu's administration has taken a distinct path in contrast to the previous regime led by President Buhari, as evident from its approach to the economy and public disclosures. Notably, President Tinubu had once praised Buhari's government, but his current actions reflect a significant turnaround and reveal a stark reality ...
Recent studies have shed light on the potential health risks associated with consuming ultra-processed foods (UPFs), suggesting a concerning link to conditions like high blood pressure, heart disease, heart attacks, and strokes. What are Utra Processed Foods (UPFs)? Ultra-processed foods (UPFs) are food products that have undergone extensive industrial processing, ...
As the trial date for former US President Donald Trump on charges of election interference approaches, a closer examination reveals potential consequences that could significantly impact his chances in the 2024 presidential election. The timing of the trial, scheduled just eight months before the election, presents a complex scenario that ...
In a bid to counteract the potential impact of an impending Lagdo Dam floodgate release, the Federal Government of Nigeria has called upon state governments located in flood-prone areas to take necessary measures. The situation has been triggered by an official alert from Cameroonian authorities regarding their intention to discharge ...
Tensions rise as the fallout continues over Luis Rubiales' suspension by FIFA, stemming from his unsolicited kiss on Spanish national team star Jenni Hermoso during the awards ceremony after Spain's World Cup triumph in Sydney. Rubiales' mother, Angeles Bejar, has embarked on a hunger strike inside a church, denouncing what ...
As Nigeria navigates its economic landscape, KPMG Nigeria has revised its economic forecast for the country. The recent Economic Flash notes released on August 25 provide insights into Nigeria's economic performance and highlight the factors contributing to the adjustment in growth projections. KPMG's Revised Forecast and Factors Behind It KPMG ...
