Oil workers have kicked against the planned sale of oil and gas assets, warning the development could seriously hurt the economy. The workers, acting under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) rejected the Federal Government’s plan to…
Nigeria’s President Bola Tinubu has directed the Bank of Agriculture (BoA) to settle outstanding arrears owed agro-dealers and input suppliers under the auspices of the National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP). The directive followed release of ₦30 billion by the African Development Bank (AfDB), a statement by external Media Relations Lead for BoA, Judith…
First City Monument Bank (FCMB) has expanded the pool of interest-free loans available to women-owned and women-led Small and Medium-Scale Enterprises (WSMEs) under its flagship SheVentures initiative from N200 million to N1 billion. The facility, the bank said, will allow women entrepreneurs across various sectors to access loans of up to N10 million, alongside business…
PayPal Holdings Inc. has committed $100 million investment to the Middle East and Africa, fueling innovation, supporting entrepreneurs, and driving inclusive economic growth in one of the world’s fastest-growing digital commerce regions. This strategic investment will be deployed through a mix of minority investments, acquisitions, PayPal Ventures funding, people, and technology deployments that will help…
United Nations agency for digital technologies, International Telecommunication Union (ITU), Google, and musician, tech founder and philanthropist will.i.am have launched an initiative to bring artificial intelligence (AI) and robotics training to students in Nigeria, Ghana, Ivory Coast, Kenya, and South Africa to establish the foundation for bringing AI and robotics skills training into schools across…
The philanthropic arm of Airtel Africa Plc, Airtel Africa Foundation, has unveiled its plans to directly improve the lives of 10 million people across the continent by 2030. The strategy, the carrier said, will be delivered through targeted initiatives under four core pillars namely Financial Empowerment, Education, Environmental Protection and Digital Inclusion (FEED). Outlining the…
Nigeria as well as other countries in tropical Africa need to close an annual forest finance gap of $66.8 billion, according to a new United Nations Environment Programme (UNEP) analysis. This was disclosed at the launch of the ‘Forest Finance Roadmap for Action’ by Forest & Climate Leaders’ Partnership (FCLP) – a focused effort of…
Global leader in the digital transformation of energy management and automation, Schneider Electric, has said it is streamlining the process of designing, deploying, and operating advanced, artificial intelligence (AI) infrastructure with its new reference designs. Senior Vice President and Chief Technology Officer at Schneider Electric, Jim Simonelli, who spoke when the company announced new reference…
Leading culinary brand Gino, under GBfoods Nigeria, in collaboration with celebrated Nigerian chef Hilda Baci, held a post-record press conference at its office in Lagos to celebrate their recent world record achievement and to outline the objectives of their growing partnership. The record-breaking feat, which took place between September 12 and 13, 2025, brought…
