U.S. President Donald Trump has threatened to impose a 200% tariff on wine, champagne, and other alcoholic products from European Union (EU) countries, escalating tensions over the bloc’s planned levies on American whiskey. Trump, who has frequently used tariffs as a tool in trade disputes, issued the warning on Thursday following the EU’s announcement of…
By Ayomide Otitoju The 2023 Presidential Candidate of the Labour Party (LP), Peter Obi, on Thursday held a closed-door meeting with the Governor of Bauchi State, Bala Mohammed, at the Ramat House in Bauchi. While the purpose of the meeting was not immediately disclosed, both political figures were expected to address journalists after their discussions….
By Ayomide Otitoju The Nigerian Senate on Thursday passed a vote of confidence in Senate President Godswill Akpabio following a motion moved by Senate Leader Opeyemi Bamidele. The motion, raised under Orders 40 and 51, sought to clarify recent controversies surrounding the upper chamber while emphasizing the need for adherence to legislative rules and a…
By Ayomide Otitoju Wema Bank has reiterated its commitment to advancing gender equality, financial inclusion, and women’s empowerment through innovation and technology. Speaking at the bank’s International Women’s Day (IWD) 2025 event in Lagos, themed Harnessing Innovation & Technology to Accelerate Financial Inclusion for Women, Managing Director and Chief Executive Officer, Moruf Oseni, highlighted the…
By Ayomide Otitoju First City Monument Bank (FCMB) has equipped 44,278 entrepreneurs with critical business skills through its Business Empowerment Sustainability and Training (BEST) masterclass program, aimed at fostering long-term success for small and medium enterprises (SMEs). According to a statement from the bank on Wednesday, the nationwide initiative has provided financial and non-financial support,…
By Ayomide Otitoju Stanbic IBTC Asset Management, the manager of the Stanbic IBTC Infrastructure Fund, has partnered with SIFAX Group of Companies Limited to develop an ultra-modern port terminal in Ijora, Lagos. In a statement on Tuesday, the fund announced its collaboration with SIFAX Shipping ICT Limited, a subsidiary of SIFAX Group, to execute the…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has announced that reforms in the oil and gas sector, spearheaded by the enactment of the Petroleum Industry Act (PIA) 2021 and Executive Orders issued by President Bola Tinubu, attracted approximately $17 billion in foreign investment in 2024. The Executive Vice President of Upstream at…
By Ayomide Otitoju Access Bank PLC has successfully hosted the inaugural Africa Trade Conference in Cape Town, South Africa, bringing together industry leaders, policymakers, and trade experts to address critical challenges and develop solutions for accelerating intra-African trade. The conference focused on key obstacles hindering trade within the continent, including limited access to capital, market…
By Ayomide Otitoju The leadership crisis at the Lagos State House of Assembly (LAHA) has escalated, with Speaker Mudashiru Obasa and his former replacement, Mojisola Meranda, clashing over the procurement of vehicles for lawmakers. Sources within the Assembly revealed that Obasa is displeased with Meranda’s decision to procure the vehicles from a local dealer rather…
