Aradel Holdings Plc has reported a profit before tax of N321.6 billion for the year ended December 31, 2024. The unaudited Group financial statements, reviewed by Channels Television revealed that the increase represents a 187% year-over-year (YoY) growth from the…
Nigeria has secured a loan of $1.1 billion from the African Development Bank (AfDB) to provide electricity to 5 million people by the end of 2026. Bayo Onanuga, Special Adviser to the President on Information and Strategy, announced this during…
West African regional bloc ECOWAS on Wednesday officially recognised the exit of three of its former members Burkina Faso, Mali, and Niger Republic which became effective today, January 29, 2025, upon the expiration of a one-year notice period. However, in…
Former Governor of Anambra State, Peter Obi, has described Nigeria’s democracy as “rapidly losing its essence” due to the pervasive poverty affecting the country. He made this statement in a post on his X account on Monday. According to him,…
The Peoples Democratic Party (PDP) in Ondo State has strongly criticized Governor Lucky Aiyedatiwa over the recently signed 2025 state budget, describing it as a “budget of looting” due to what it calls extravagant and dubious allocations. Governor Aiyedatiwa signed…
In a bold move to tackle Nigeria’s annual climate finance shortfall of $27.2 billion, the Bank of Industry (BoI) has entered into a strategic partnership with Financial Sector Deepening (FSD) Africa and the United Kingdom Government. This collaboration aims to…
A faction of the pan-Yoruba socio-cultural organisation, Afenifere, led by elder statesman Pa Ayo Adebanjo, has appointed lawyer and activist Dele Farotimi as its National Organising Secretary. The appointment was announced in a communique released on Tuesday after the faction’s…
Saudi Arabia on Monday said foreigners are from now on allowed to invest in Saudi-listed companies that own property in Mecca and Medina, Islam’s two holiest cities. The decision “aims to stimulate investment, enhance the attractiveness and efficiency of the…
The Central Bank of Nigeria (CBN) has announced the waiver of the 2025 non-refundable annual license renewal fee for Bureau De Change (BDC) operators. In a circular dated January 24, 2025, signed by John S. Onojah, Acting Director of the…
The Governor of the Central Bank, Olayemi Cardoso, has disclosed that the forensic verification process to resolve all outstanding foreign exchange backlogs has been completed, and payments will begin shortly. During the launch of the foreign exchange code, Cardoso expressed…
The Lagos State Government said it has signed an MoU with the Federal Government’s Ministry of Finance Incorporated (MOFI) to kick-start exploratory work on the development of the Green Line project. The Lagos State Commissioner for Information and Strategy. Gbenga…
The Minister of Interior, Olubunmi Tunji-Ojo, revealed that the Federal Government generated approximately N2.4 billion from marriage contracts through its marriage registry in 2024. He also stated that the government plans to improve security along the nation’s borders to reduce…
The Debt Management Office (DMO) announced that President Bola Tinubu inherited a total debt of N87.38 trillion upon assuming office on May 29, 2023. The DMO revealed the above in a bid to clarify recent media reports claiming that President…
The Ogun State High Court in Abeokuta, the state capital has dismissed the case instituted by a former Speaker of the State House of Assembly, Olakunle Oluomo. The court also affirmed Elemide Oludaisi as the authentic Speaker of Ogun State…
Former Kaduna State Governor Nasir El-Rufai has claimed that the All Progressives Congress (APC) lacks internal democracy and effective party structures. El-Rufai made these remarks at a national conference in Abuja focused on strengthening democracy in Nigeria. He shared his…