By Ayomide Otitoju UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa (UBA) Group, has partnered with Slum2School Africa to provide financial literacy education for underserved children, equipping them with essential money management skills from an early age. The initiative featured a hands-on financial literacy workshop centred on the UBA Money Explorers Book,…
By Ayomide Otitoju President Bola Tinubu and Lagos State Governor Babajide Sanwo-Olu have called on Civil Society Organisations (CSOs) and Community-Based Organisations (CBOs) to embrace patriotism, accountability and stronger partnerships in advancing Nigeria’s sustainable development. The leaders made the call at the National Summit of Civil Society Organisations and Community-Based Organisations held in Lagos on…
By Ayomide Otitoju Fidelity Bank Plc has joined the $3 billion Contractor Finance Facility launched by Shell Nigeria Exploration and Production Company Limited (SNEPCo) in partnership with nine leading banks to boost financing for indigenous oil and gas contractors. The facility, unveiled in Lagos, is designed to provide credit support in both naira and…
The Rural Electrification Agency (REA) has signed a landmark Memorandum of Understanding (MoU) with the Jigawa State Government, the Nigerian Commodity Exchange (NCX), and Astound Power Limited to deliver 7 megawatts (MW) of electricity to support agro-industrial development across seven states. According to a statement by the REA, the agreement was signed during the Jigawa…
South Africa’s National Treasury has suspended July funding transfers to 69 municipalities, including Johannesburg, citing financial mismanagement and the need to strengthen fiscal discipline. The Treasury said the decision, which affects municipalities across all nine provinces, is aimed at ensuring public funds are properly managed and improving financial accountability at the local government level. Municipalities…
By Ayomide Otitoju Africa’s richest businessman, Aliko Dangote, will build a 700,000 barrels-per-day (bpd) oil refinery in Kenya, with the facility to be located in Lamu, according to Dangote Industries Limited. The company’s Vice President for Oil and Gas, Edwin Devakumar, said the refinery will be constructed on Lamu Island, off Kenya’s coast, with completion…
By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Limited has signed six strategic agreements with key industry partners at the ongoing 25th NOG Energy Week in Abuja, reinforcing efforts to drive gas-based industrialisation, strengthen energy security and accelerate economic growth. The agreements, executed on the sidelines of the conference, include a Memorandum of Understanding…
By Ayomide Otitoju The Federal Government has flagged off the construction of three interconnected mini-grid projects in the Kofare, Saminaka and Mbamba communities of Adamawa State, with a combined generation capacity of 13.5 megawatts, as part of efforts to expand electricity access to underserved communities. Speaking at the groundbreaking ceremony, the Minister of Power, Joseph…
By Ayomide Otitoju The Federal Government has reduced import levies on vehicles and several essential goods while introducing a new Green Tax as part of the 2026 Fiscal Policy Measures aimed at easing the cost of living, promoting environmental sustainability and supporting economic growth. The Nigeria Customs Service (NCS) announced on Wednesday that implementation of…
