The Group Chairman, United Bank for Africa (UBA) Plc and Heirs Holdings, Tony Elumelu, has pledged a support of N25 billion Guarantee towards the Lagos State Government’s newly launched ‘Produce for Lagos’ Programme. The launch event, which was held at the Lagos House, Alausa, Ikeja yesterday, marked a bold step in the state’s mission to […]

The House of Representatives, on Wednesday, approved President Bola Tinubu’s request to the National Assembly, seeking approval to borrow $347m under the 2025–2026 borrowing plan. The Speaker of the House of Representatives, Tajudeen Abbas, read the President’s correspondence on the floor of the Green Chamber during Wednesday’s plenary. According to the President, the loan is […]

The Ogun State Governor, Prince Dapo Abiodun, said that his administration has put in place measures that would promote agriculture and ensure food security for the state and the nation at large. The governor stated this at the launch of the N500 billion Produce for Lagos, an off-take guarantee fund, an agricultural initiative, held at […]

The Niger State Government has signed a ₦1.8 trillion agreement with Dangote Rice Limited to grow the supply and offtake of paddy rice over the next 10 years. The state government disclosed on Thursday in a statement posted on X that the agreement was signed in Lagos at the office of the President of Dangote […]

Chairman/Chief Executive Officer, Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has described the killing of two Nigerian traders in South Africa by gunmen as intolerable and senseless, with a call to bring the culprits to book. Dabiri-Erewa, in a statement by NiDCOM spokesperson, Abdur-Rahman Balogun, disclosed the Nigerian High Commission in South Africa was looking […]

Commissioners of energy across the 36 states on Wednesday disclosed their readiness to meet with power distributors to negotiate electricity tariffs that are reflective and not burdensome on residents of the states. This follows the recent cut in electricity tariff for Band A customers from N209/kWh to N160/kWh by the Enugu Electricity Regulatory Commission, and […]

The National Agency for Food and Drug Administration and Control (NAFDAC) has reportedly shut down a warehouse in Kano after finding a large amount of dangerous chemicals that can be used to make explosives. NAFDAC officials found the warehouse on Wednesday in the Kwakwachi area of Fagge Local Government, following a tip-off and inspection by […]

French media giant Canal+ Group has completed a $3 billion deal to acquire the remaining 55% of MultiChoice Group, securing full ownership of the continent’s largest pay-TV operator and its popular platforms, DStv and GOtv. The acquisition, approved by the South African Competition Tribunal, marks a watershed moment in Africa’s broadcasting industry, giving Canal+ access […]

Tokyo stocks surged Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump’s tariffs, including those on the crucial car sector. Investors were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries will also follow suit. Despite a […]

Israeli activists gathered at HaBima Square on Tuesday for a protest march towards the Israeli Defence Ministry headquarters in Tel Aviv, denouncing the ongoing food shortage and forced displacement of Palestinians in the Gaza Strip. The activists, bearing placards with inscriptions like ‘Starvation is a War Crime; We are all responsible, it is being done […]

The House of Representatives Committee on Petroleum Resources (Downstream) has resolved to carry out an investigation into the Turn Around Maintenance of the four state-owned refineries. The Committee’s resolution is coming a few days after the House Committee on Petroleum Resources (Midstream) made a similar commitment to unravel why, despite an investment of $18bn in […]

Lagos State Governor, Babajide Sanwo-Olu, has launched the Produce for Lagos Programme and the ₦500 billion Offtake Guarantee Fund, revealing that the state food economy, which was ₦6.5 trillion annually, is now ₦16.14 trillion. Speaking on Wednesday at the official launch of the Produce for Lagos Programme and the ₦500 Billion Offtake Guarantee Fund, Sanwo-Olu […]