The United Nations’ leading development agency (UNDP) and the G7 Italian Presidency, along with a delegation of private sector leaders from the African continent, is meeting with G7 AI leaders in San Francisco, hosted by the Italy Consul-General in San Francisco with Ministry of Enterprises and Made in Italy (MMIT), InnoVit and CDP. With the…
African pay-TV operator, MultiChoice Group, said its Nigerian subsidiary lost 243,000 subscribers across its DStv and GOtv services between April and September this year. According to its financial result for the year ended September 30, 2024, published yesterday, MultiChoice said the high cost of food, electricity and petrol forced many of its customers to abandon…
The MTN Nigeria PachiPanda Challenge concluded with Osarodere Stephen Odemewengie as the winner for his groundbreaking approach to tackling some of Nigeria’s environmental issues. The challenge attracted 1,643 applicants, ultimately narrowing down to 10 finalists who participated in an intensive, human-centred design sprint. Each finalist presented their innovative solutions to a panel of judges, who…
Nigeria’s crude oil production, including condensate, increased by 255,710 barrels to reach 1.8 million barrels per day in October, up from 1.54 million barrels per day in September 2024, marking a 16.56percent month-on-month rise. Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, disclosed this at the 42nd Nigerian Association of Petroleum Explorationists (NAPE)…
United Bank for Africa (UBA) Plc has appointed Henrietta Ugboh as an Independent Non-Executive Director. The appointment has been approved by the relevant regulatory bodies, including the Central Bank of Nigeria. UBA’s Group Chairman, Tony Elumelu, commenting on the appointment, said, “Henrietta Ugboh brings a track record of professional success, integrity and leadership, which will…
Nigerian Government has promised to settle the N88 billion budgeted for pension arrears this year. Minister of Finance and Coordinating Minister of the Economy, Wale Edun made the promise in Abuja yesterday when hundreds of retirees from the Contributory Pension Scheme (CPS) stormed the headquarters of the Federal Ministry of Finance, protesting prolonged delays in…
Vice-President Kashim Shettima has said Federal Government’s ongoing efforts to strengthen the country’s trade sector is showing promising results, as Nigeria recorded N6.5 trillion trade balance in second quarter of 2024. Shettima, represented by the Secretary to the Government of the Federation (SGF), George Akume, who spoke at the third National Conference on Non-oil Export…
BFI Group, the core investor in Aluminum Smelter Company of Nigeria (ALSCON), has sealed a deal with China National Chemical Engineering International Corporation Ltd. (CNCEC International) to revive the 135million metric standard cubic feet per day (MMscfd) Gas Processing plant in ALSCON Plant Ikot Abasi, Akwa Ibom State, with a total estimate investment of about…
A lender, First City Monument Bank (FCMB), has expanded its energy finance loan to N30 million to support households and small businesses in the acquisition of solar panels, batteries, inverters, and other clean energy equipment. The bank explained that with a maximum three-year repayment schedule, this initiative, the bank said, aims to promote sustainable energy…
