Business

INNOVATION: Nigerians Now to Get International Passport in Two Weeks, Says Comptroller General

The Comptroller General of the Nigeria Immigration Service (NIS), Wura-Ola Adepoju, said it will take two weeks between the point of application for green passports to be produced. Adepoju was a guest on Channels Television’s Sunrise Daily programme on Wednesday, alongside the NIS Deputy Comptroller General, Kemi Nandap. “Because of the screening that we need to do, […]

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Business

Dangote Still Africa’s Richest as Forbes Unveils Richest Billionaires in 2024

President of Dangote Group, Aliko Dangote, has retained his position as the richest person in Africa, with a net worth of $13.9 billion, in the 2024 Forbes list of 20 Africa’s Richest billionaires released on Monday. According to Forbes, the fortunes of Africa’s wealthiest people rebounded slightly in the past 12 months, reversing the decline […]

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Economy

Olatunji Harps on Essence of Protecting African’s Personal Data at Global Forum

The National Commissioner, Nigeria Data Protection Commission, Dr Vincent Olatunji has noted the importance of collective efforts among DPAs in Africa to ensure the protection of personal data of individuals across the continent. Olatunji who was the guest speaker at the webinar on Data Protection in Africa and the Middle East, hosted by Hogan Lovells. […]

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Financial

FG, States, LG Share N1.1trn December Allocation Leaving ECA at $473,754.57

The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion December 2023 allocation to the Federal Government, States and Local Government councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for January 2024, a statement by the Director of Press and Public […]

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Business

Blinken Assures of Investment in Nigeria’s Tech Sector But Expresses Concern on Corruption Index

The US Secretary of State Anthony Blinken has assured of the country’s companies’ readiness to partner with and invest in the Nigerian economy. Blinken, who is on an African tour, made the remark in Abuja during his visit to President Bola Tinubu at the Presidential Villa. “American entrepreneurs and companies are ready to partner and […]

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Business

Smartcash Payment Service Bank Signs Strategic Partnership with Stanbic IBTC to Boost Cash Services in Nigeria

Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, is going into strategic partnership with Stanbic IBTC Bank to boost cash deposits and withdrawals for Smartcash customers across Nigeria. The new collaboration between the two visionary companies aims to leverage Stanbic IBTC Bank’s branch network to provide additional financial services to Airtel Smartcash customers […]

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Business

Cryptocurrency Tipped Alternate Investment Destination as Nigeria’s Inflation Goes Berserk

Venture capital firm EMUGO Africa believes the widespread adoption of mobile-based crypto applications, a vibrant start-up ecosystem and a tech-savvy youthful population will position Nigeria as a major player in Africa’s crypto space. EMUGO Africa published a blog, this week, titled, Inside Nigeria’s Web3 Market: Crypto Outlook and Regulations, in which it explained that Nigeria has one […]

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News

President Tinubu Extends Student Loans to Skill Acquisition

President Bola Ahmed Tinubu has directed the extension of interest-free loans to Nigerian students interested in skill-development programmes. The President issued the directive at the State House on Monday after a briefing from Mr. Akintunde Sawyerr, Executive Secretary of NELFUND, on the build-up to the launch of the programme later in the month. On the need […]

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Business

SMEDAN Disbursed N7bn to Boost SMEs in Nigeria as DG Marks 100 Days In Office

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), said it has facilitated over seven billion naira worth of funding for SMEs in the country in the first 100 days of the current DG, Charles Odii in office. The agency also said Odii has led impactful initiatives resulting in the creation of 15,000 jobs […]

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Business

CBN’s First MPC Meeting Under Cardoso Fixed for February

The Central Bank of Nigeria (CBN) says its Monetary Policy Committee will hold its first meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024. The announcement follows a two-day strategic session for members of the Monetary Policy Committee (MPC) in preparation for the meeting in […]

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