By Aymide Otitoju The Bank of Industry (BOI) has reaffirmed its commitment to providing financial solutions for female entrepreneurs, pledging sector-focused support for women-led businesses. In a statement issued on Friday, BOI disclosed that the commitment was made during an International Women’s Day event jointly organized with the Women’s Chamber of Commerce, Industry, Mines, and…
By Aymide Otitoju FirstBank has announced its commitment to disburse over N1 trillion in funding to support small and medium-sized enterprises (SMEs) across Nigeria in 2025. The bank disclosed this at the SME Scale-Up event held in Lagos on Friday, themed ‘Scale Up Your Business, Soar High.’ The gathering brought together entrepreneurs from diverse sectors…
By Aymide Otitoju Three Union Bank customers have emerged as winners of brand-new tricycles in the second monthly draw of the Save & Win Palli Promo 4, the bank has announced. According to a statement from Union Bank, the draw took place at the Douglas Road branch in Owerri, Imo State, as part of the…
By Aymide Otitoju Former Labour Party presidential candidate, Peter Obi, has strongly condemned the ongoing political crisis in Rivers State, describing it as an “aberration” and a violation of Nigeria’s constitutional order. In a statement posted on X (formerly Twitter) on Monday, Obi criticized the alleged disregard for a Supreme Court ruling regarding the disbursement…
By Aymide Otitoju A widespread power outage has affected several embassies and residential estates in Abuja, following a technical fault on a feeder supplying the area, the Abuja Electricity Distribution Company (AEDC) confirmed. Among the diplomatic missions impacted are the embassies of the United States, Turkey, Cuba, Ethiopia, Iran, Liberia, Egypt, and Japan, along with…
By Ayomide Otitoju and Morayo Shokunbi The Celestial Church of Christ (CCC) National Sisters’ Retreat 2025 is currently taking place at CCC Ajegunle Cathedral, Remo Regional Headquarters, Sagamu, Ogun State. The three-day spiritual gathering, themed “She That Believes” (Luke 1:45), runs from Friday, March 21, to Sunday, March 23, 2025, bringing together participants from across…
By Ayomide Otitoju The naira appreciated by 0.16 per cent to ₦1,530.52/$ on Wednesday, up from ₦1,532.93/$ recorded in the previous trading session on the Nigerian Foreign Exchange Market. According to data from the Central Bank of Nigeria (CBN), the local currency traded as high as ₦1,545/$ and as low as ₦1,500/$, marking a decline…
By Ayomide Otitoju Nigerians may face higher fuel prices as the Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in naira, citing the need to align its revenue with crude oil purchase obligations, which are denominated in U.S. dollars. “This decision is necessary to avoid a mismatch between our sales proceeds and…
By Ayomide Otitoju Nigerian airline Air Peace has announced a ₦600,000 discount on airfares for travelers connecting from various cities across Nigeria to London, alongside an additional piece of luggage at no extra cost. In a statement signed by its Head of Corporate Communications, Dr. Ejike Ndiulo, on Wednesday, the airline said the promotional offer…
