UNICAL names registry building after Onofiok Andrew Ufot, pioneer registrar
The University of Calabar (UNICAL) has officially renamed its Registry Building in honor of Onofiok Andrew Ufot, the institution’s first registrar. This decision, approved by the University’s Senate, recognizes Ufot’s…
Amaechi declares suspension of Gov Fubara as unilaterally reckless and dangerous affront to the Constitution
Former Rivers State governor, Chibuike Rotimi Amaechi, has criticized the recent suspension of Governor Siminalayi Fubara. He labeled the decision a reckless and dangerous violation of the Nigerian Constitution. The…
Waiting for ‘governor’: Life goes on in Port Harcourt
Port Harcourt, the capital of Rivers State, experienced a state of mixed emotions following the declaration of a state of emergency on Wednesday, March 19. Oil companies and multinational corporations…
MTN and Airtel drive 57% of IHS Towers’ revenue in 2024
IHS Towers, the world’s fifth-largest multinational tower company, experienced significant financial dependence on a limited number of key customers in 2024, with MTN Nigeria and Airtel Nigeria comprising 57% of…
Billionaire Musk’s xAI, Nvidia join Microsoft’s $30 Billion AI Infrastructure fund
Nvidia and Elon Musk’s artificial intelligence startup, xAI, have partnered with Microsoft and BlackRock in a significant investment move aimed at expanding AI infrastructure across the United States. This collaboration…
Pension Directorate disburses over N1.6 billion in Benefits to families of deceased pensioners
The Pension Transitional Arrangement Directorate (PTAD) has distributed over N1.64 billion to the verified next of kin of deceased pensioners covered under the Defined Benefit Scheme. A total of 776…
Unity Bank appoints Ebenezer Kolawole as Acting MD/CEO as Tomi Somefun retires
Unity Bank Plc has appointed Ebenezer Kolawole as the Acting Managing Director and Chief Executive Officer. This executive change follows the retirement of Tomi Somefun, the former MD/CEO of the…
Board diversity and inclusion: A new imperative for Nigerian companies
Nigerian companies are increasingly prioritizing diversity and inclusion within their boardrooms, signaling a notable shift in corporate governance practices. This movement is aimed at enhancing decision-making processes and fostering innovation…
Canada’s deportations rise by 8.4%, reaching highest levels since 2015
Canada has reported an 8.4% increase in deportations, marking the highest figures since 2015. This development indicates a significant rise in the number of individuals required to leave the country,…
BREAKING: Dangote refinery halts sale of petroleum products in Naira, cites FX mismatch
Dangote Petroleum Refinery has announced a temporary suspension of selling petroleum products in Nigerian Naira. The refinery cites a mismatch between revenue and costs as the cause. It highlighted that…