The United Bank for Africa (UBA) has announced a strategic partnership with the Young Lawyers Forum (NBA-YLF) of the Nigerian Bar Association to support the professional development of over 50,000 young legal practitioners across Nigeria. In a statement released on Thursday, UBA outlined that the collaboration will provide academic sponsorships and specialized training with reputable…
E-commerce platform Jumia Technologies AG has announced an 8% reduction in its operating loss to $20.2 million year-over-year, despite navigating a challenging economic environment. In a statement released on Thursday, Jumia detailed the effects of economic volatility on its performance, including a revenue decline and a slight decrease in gross merchandise value (GMV). The company…
Alhaji Aliko Dangote, President and Chief Executive of Dangote Group, has reaffirmed that the $20 billion Dangote Petroleum Refinery was designed to process Nigerian crude oil and add value domestically. Despite this focus, Dangote acknowledged that the refinery has been refining crude oil grades from Europe, the United States, and other countries. In a statement…
Access Bank has introduced a new product aimed at providing affordable financing options for businesses and customers to transition to cleaner and more reliable solar energy. The initiative, titled ‘Switch to Solar by Access,’ was unveiled in a statement from the bank on Thursday. Njideka Esomeju, Group Head of Consumer Banking at Access Bank, emphasized…
The Nigerian Exchange Limited (NGX) has expressed strong support for FCMB Group Plc’s plan to raise N110.9 billion through a public offering. The offering, which began on July 29 and will run until September 4, involves 15.197 billion shares priced at N7.30 per share. In a statement released on Thursday, FCMB Group revealed that the…
The impasse between Arik Air and its creditor has been resolved, the Nigerian Civil Aviation Authority (NCAA) announced on Thursday, just eight days after the Federal Government grounded one of the airline’s aircraft. The NCAA confirmed that Arik Air is now set to resume operations. The grounding followed a court ruling in favor of the…
The abductors of two students from Kogi State University, Kabba (KSUK) have demanded a ₦50 million ransom for their release. The students were kidnapped last Friday at the same location and on the same day as the abduction of Dare Michael, Caretaker Chairman of Kabba/Bunu Council Area, and his three aides. While Chairman Michael was…
Operatives of the Forward Operations Base (FOB) in Bonny, Rivers State, have successfully rescued 59 individuals from a stranded dredging vessel at the mouth of the Opobo River. The Nigerian Navy’s spokesman, Aiwuyor Aliu-Adams, confirmed the rescue operation, highlighting the dangers posed by the turbulent waters at this time of year. The vessel, MV AMBIKA…
By Ayomide Otitoju First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank, FMO, have joined forces to launch an agritech hackathon aimed at generating innovative solutions to address challenges within Nigeria’s agricultural sector. This collaborative initiative, which also encompasses a venture-building program, is being facilitated by Heave Ventures. According to a statement released…
