Bank of America has agreed to pay $72.5 million to settle a civil lawsuit filed by women who accused the bank of aiding Jeffrey Epstein’s sexual abuse. Court records showed that the agreement followed a “settlement in principle” reached earlier this month, though the terms were not initially disclosed. The settlement still requires approval from …
As global conversations on gender inclusion gain momentum, and the world continues to celebrate the contributions of women across various sectors, the Nigeria Customs Service (NCS) on Friday staged a surprise ceremony at its headquarters in Maitama, Abuja, to honour its female officers for their dedication, resilience, and sacrifices in service to the nation. The …
The Federal Government (FG) has defended its £746 million ports upgrade deal with the United Kingdom, saying the agreement will deliver strong economic gains for Nigeria. The deal, worth about $997 million, is to upgrade Apapa Port and Tin Can Island Port. These ports handle about 70 per cent of Nigeria’s trade. The Federal Ministry …
Nigeria’s Net Domestic Credit (NDC) declined by 6.9 per cent year-on-year to N109.4 trillion in January 2026, down from N102.4 trillion recorded in the same period of 2025, according to the latest money and credit report released by the Central Bank of Nigeria. NDC, which measures total bank lending to both the public and private …
The Dangote Petroleum Refinery has reached a major export milestone, shipping 456,000 tonnes of refined petroleum products to five African countries. This development follows the achievement of full production capacity of 650,000 barrels per day (bpd) in February by the refinery. Twelve cargoes of petroleum products were delivered to Côte d’Ivoire, Cameroon, Tanzania, Ghana, and …
Nigeria has attracted over $2.6 billion in foreign direct investment (FDI) into its mining sector within the past two years, Minister of Solid Minerals Development, Dele Alake, has revealed. He credited the surge to sweeping reforms, including improved governance, digitisation of licensing processes, and a sustained crackdown on illegal mining activities. Speaking at the Powering …
The Securities and Exchange Commission and the National Youth Service Corps have signed a Memorandum of Understanding to educate corps members on the dangers of fraudulent investment schemes and promote safe investment habits. The agreement was signed in Abuja by SEC Director-General Emomotimi Agama and NYSC Director-General Olakunle Oluseye Nafiu, according to a statement on …
Nigerian businessman and philanthropist Tony Elumelu has announced a fresh round of 3,200 African entrepreneurs to receive funding under the Tony Elumelu Foundation (TEF) Entrepreneurship Programme, marking a major expansion of one of the continent’s largest private-sector-driven development initiatives. The announcement, made on Sunday, March 22, in his annual birthday message, coincides with the unveiling …
As the Dangote Group moves closer to listing its refinery on the Nigerian Exchange Limited (NGX), anticipation is building across Nigeria’s capital market, with investors weighing what many describe as a transformative opportunity, tempered by lingering concerns. Market sentiment is already heating up, with widespread retail and institutional interest. Many Nigerians alike believe the listing …
The ongoing escalation of the crisis in the Middle East, specifically the conflict involving the U.S., Israel, and Iran, has pushed Brent crude prices above $100 per barrel. While this exceeds Nigeria’s budget benchmark of $64.85 per barrel, several structural and economic factors suggest the country may not fully reap the rewards of this surge. …
