The stock prices of key subsidiaries within the Dangote Group, including Dangote Sugar Refinery and NASCON Allied Industries, have taken a hit, with analysts attributing the decline to foreign exchange losses and the Securities and Exchange Commission’s (SEC) recent rejection of their merger proposal. Market observers noted that the ongoing inflationary pressures and volatility in…
The amount of currency held outside Nigeria’s banking system surged to N3.79 trillion in June 2024, up from N3.61 trillion in April, according to the latest data from the Central Bank of Nigeria (CBN). This growing volume of unbanked money is posing significant challenges to the CBN’s ability to implement effective monetary policies and manage…
By Ayomide Otitoju The World Health Organization (WHO) has declared the recent surge of mpox in the Democratic Republic of the Congo (DRC) and other African countries a Public Health Emergency of International Concern (PHEIC). The declaration was made by WHO Director-General Dr. Tedros Adhanom Ghebreyesus, following the advice of an Emergency Committee of independent…
Delta Airlines has announced plans to equip its entire fleet of nearly 700 aircraft with free and fast Wi-Fi for passengers, marking a significant enhancement to its in-flight experience. The airline expects to roll out the service by the end of summer, fulfilling a long-held ambition to provide seamless internet access to its customers. In…
The 11th edition of the Financial Times Africa Summit is scheduled to take place on October 29 at The Peninsula in London. This high-profile event is expected to bring together African Heads of State, policymakers, global investors, and business leaders for critical discussions on Africa’s sustainable growth and development. According to a statement released on…
Guaranty Trust Bank (GTBank), one of Nigeria’s leading financial institutions, has clarified that its website was not cloned but was the target of an “isolated incident” involving an attempted compromise of the bank’s domain. The bank’s website has been down since Wednesday night, causing concerns among customers about potential data breaches. However, in a statement…
The Oyo State Government has approved ₦500 million to empower youths trained under the state’s Agribusiness Program (YEAP). This initiative, announced during a press briefing in Ibadan, is part of a larger ₦1.5 billion loan scheme launched in partnership with First City Monument Bank (FCMB). The Commissioner for Agriculture and Rural Development, Barrister Olasunkanmi Olaleye,…
Bauchi State Governor, Bala Mohammed, has voiced strong support for former President Goodluck Jonathan’s potential return to the presidency, highlighting the transformative reforms Jonathan introduced during his tenure. Mohammed emphasized that Jonathan’s experience and leadership would be beneficial in addressing current national challenges. Speaking in response to a call by a non-governmental organization urging him…
President Bola Tinubu and Equatorial Guinean President Teodoro Mbasogo signed a pivotal agreement on the Gulf of Guinea Pipeline Project during a ceremony in Malabo on Wednesday evening, solidifying a partnership aimed at mutual development. According to a statement by presidential spokesman Ajuri Ngelale on Thursday, the agreement encompasses legislative and regulatory measures for the…
