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Officer Cadet Owowoh Princess Oluchukwu, on Friday, became the first-ever Nigerian female officer to graduate from the UK’s Royal Military Academy Sandhurst (RMAS). According to a statement by Atinuke Akande-Alegbe, a Senior Communications & Public Diplomacy Officer at the Foreign Commonwealth and Development Office in Abuja on Friday, 24-year-old Oluchukwu was one of the 135 […]

The Senate is currently investigating 774 federal government agencies over alleged financial improprieties in queries raised against them in the 2019 report of the Auditor-General for the Federation (AuGF). The chairman of the Senate Public Accounts Committee (SPAC), Senator Aliyu Wadada (SDP-Nasarawa West), disclosed this on Friday, April 12, in his country home in Keffi, […]

Smaller Banks in Nigeria May Face Difficulty Raising Capital – Fitch Nigerian small and medium banks may face difficulty raising much need capital to meet new capital base requirement by the apex bank, according to a global ratings agency. Increased paid-in capital requirements for Nigerian banks will spur equity issuance over the next two years, […]

Oil Prices Rise as Conflict Puts Supply at Risk Crude oil prices climbed following reports of an imminent attack on Israel, exacerbating market concerns that the Israel-Hamas war could spread across the region and put oil supply at risk, ANZ Bank said in a Thursday note. The reports come after Iran threatened to retaliate against […]

China ‘s Inflation Rises in March, Raises Economic Concerns China’s consumer price index (CPI) grew by a lower than expected 0.1 per cent year on year in March, the National Bureau of Statistics said on Thursday. This has raised concerns about China’s economic recovery after another weak consumer price index report. The National Bureau of […]

MTN Champs’ Athletes Will Surely Dominate Nigeria’s Team to 2028 Olympics — Akani Bambo Akani, the Founder, of Making of Champions (MoC), says his organisation is hopeful that athletes from the MTN Champs will dominate Nigeria’s athletics team to the 2028 Olympics. Akani said on the sidelines of the just-ended Ibadan leg of the MTN […]

ABCON Backs CBN’s Directive on Non-Export Domiciliary Accounts The Association of Bureau De Change Operators of Nigeria (ABCON) has commended the Central Bank of Nigeria (CBN) for its recent directive to cease the use of non-oil export domiciliary accounts for Naira loans. Its president, Dr Aminu Gwadabe, in a statement on Thursday in Lagos, said […]

Key Stakeholders Convene For Nigerian Fintech, Financial Inclusion Roundtable Stakeholders from banking, fintech, telecom, insurance and the media are expected at the Nigeria Fintech and Financial Inclusion Roundtable scheduled for Friday, April 26, in Lagos. This is stated in a statement on Wednesday by the convener of the Roundtable, Mr Prince Cookey. Cookey said the […]

Yabatech Union Commends Philanthropist For N3.5bn Entrepreneurship Centre Donation The Senior Staff Association of Nigeria Polytechnic (SSANIP), Yabatech Chapter has commended Alh. Tunde Fanimokun, a philanthropist, donated N3.5 billion to build an Entrepreneurship Centre for the college. The Chairman of SSANIP, Yabatech Chapter, Mr Jason Ayodeji, said on Wednesday that the donation was a welcome […]

Dangote Moves to Ensure Self-Sufficiency in All Sectors of Its Investment Dangote group has said that its target is to ensure that Nigeria becomes self-sufficient in all sectors of its investment. The South East Regional Director, Dangote Cement, Dr. Abayomi Shittu, made the disclosure in Enugu on Wednesday at the ongoing 35th Enugu International Trade […]

Naira Reclaiming Value Amidst Growing Foreign Currency Debts The Nigerian naira was last exchanged at N1230.61 per US dollar at the official window, according to information from the FMDQ Securities Exchange. In a report, Goldman Sachs forecast that exchange rate will settle around N1200 over 12 months. In the parallel market, exchange rate settled at […]

The Minister of Power, Adebayo Adelabu, has apologised to Nigerians for saying that they keep freezers on for days due to low electricity tariff. “Anything we have said that are considered offensive, we are sorry about that,” Adelabu said with slight remorse on Channels Television’s Politics Today on Thursday. The minister had come under fire […]