BoI commits to financial solutions for women-led businesses
The Bank of Industry (BoI) has announced its commitment to providing financial solutions for female entrepreneurs, emphasizing strategic funding initiatives tailored to women-led businesses. This move aims to foster economic…
High-fat diet in pregnancy tied to fetal liver stress, damage
A recent study has indicated that a diet rich in fats and sugars during pregnancy can lead to liver stress in unborn infants. This stress on the fetal liver may…
Group faults demolition of Ilaje Otumara community in Lagos
The demolition of over 500 houses in the Ilaje Otumara community, located within the Mainland Local Council of Lagos State, has sparked significant controversy. The action, criticized by the organization…
A’Ibom to commence work on Ibom Deep Seaport in May
Preparations are underway for the construction of the Ibom Deep Seaport, with work scheduled to commence in May 2025. The Technical Committee on the Actualisation of Ibom Deep Sea Port…
PFAs’ returns to drop on new commercial paper policy
Pension Fund Administrators (PFAs) in Nigeria may experience a decline in returns due to new policy restrictions on commercial papers. The recently introduced regulations are anticipated to impact the profitability…
Low electricity consumption drags Nigeria’s growth
Nigeria’s economic growth and the improvement of its citizens’ per capita income are being hindered by low electricity generation and consumption. The country’s ongoing struggle with adequate power supply continues…
Nigerian market loses appeal as telcos’ revenue per user slumps
The Nigerian telecommunications market is experiencing a downturn as the average revenue per user (ARPU) for telecom companies has declined. This decrease is affecting the market’s allure as a lucrative…
Rivers: Ibas sues for peace as opposition questions emergency rule
Ibok-Ete Ibas, the newly appointed sole administrator of Rivers State, has called for peace amid growing concerns over the imposition of emergency rule in the region. The move to appoint…
UBA unveils domestic card scheme, AfriGo
United Bank for Africa Plc has introduced Afrigo, a new domestic card scheme in Nigeria. Launched in collaboration with the Central Bank of Nigeria and the Nigeria Inter-Bank Settlement System,…
Unity Bank appoints acting MD/CEO
Unity Bank has appointed Mr. Ebenezer Kolawole as the acting Managing Director and Chief Executive Officer following the retirement of Mrs. Tomi Somefun. This change comes as Mrs. Somefun completes…