The Chinese Ambassador to Nigeria, Yu Dunhai, has announced plans by Chinese companies to establish Africa’s first local insulin production facility in Nigeria. Speaking in Abuja on Wednesday during a reception marking the 76th anniversary of the founding of the People’s Republic of China, Yu said the project would transform diabetes management in the country …
Japan’s international aid agency has scrapped a cultural exchange programme with African nations after widespread misinformation fuelled fears of mass immigration into regional cities. The Japan International Cooperation Agency (JICA) announced on Thursday that it would cancel the “JICA Africa Hometown” initiative, which was designed to strengthen cultural and social ties between four African countries …
First HoldCo Chairman Olufemi Otedola has acquired an additional ₦2.01 billion shares, raising his stake to 16.1 per cent to remain the largest individual shareholder of the company. The acquisition now increased his shareholding units to 6,742,471,831 of the company's issued share capital of 41,877,841,590 units. In a corporate disclosure dated Wednesday, September 24, to …
Former French President Nicolas Sarkozy has been convicted of criminal conspiracy in connection with taking illicit funds from the late Libyan leader, Colonel Muammar Gaddafi. The Paris criminal court, which delivered its ruling on Thursday, cleared the 70-year-old politician of other charges, including passive corruption and illegal campaign financing. Sarkozy, who served as president from …
Vice President Kashim Shettima has restated the Federal Government’s determination to place micro, small, and medium enterprises (MSMEs) at the heart of Nigeria’s economic renewal agenda. He described MSMEs as the “lifeblood of the nation’s economy,” constituting about 80 per cent of businesses in the country. Shettima stated this while delivering his remarks at the …
Operatives of the Nigerian Immigration Service (NIS) in FESTAC, Lagos, and officers of Operation Puff Adder, Bayelsa State Police Command, have rejected a ₦4 million bribe allegedly offered by a murder suspect, George Idumangi. Idumangi, accused of killing a 42-year-old estate agent, Richard Ekpebu, was arrested on Monday at the FESTAC Immigration office while attempting …
The National Pension Commission (PenCom) has asked Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to report all foreign currency pension contributions above $10,000 to the Nigeria Financial Intelligence Unit (NFIU) within 24 hours of receipt. The directive is contained in the 'Guidelines on Foreign Currency Pension Contributions' released early this week. "In line …
Operatives of the Economic and Financial Crimes Commission (EFCC), Uyo Zonal Directorate, have arrested 49 suspected internet fraudsters during a coordinated sting operation across several parts of Uyo, the Akwa Ibom State capital. The Commission’s Head of Media and Publicity, Mr Dele Oyewale, confirmed the development in a statement on Thursday, noting that the operation …
Nigerian-born international journalist, Livinus Chibuike Victor, has announced plans to attempt a historic Guinness World Record for the longest marathon interview in Abuja. The groundbreaking event, themed “Nigeria Our Strength,” will take place from 28th September to 1st October 2025 at Tangier Hotel, 34 Ekukinam Street, beside ABC Transport, Utako, Abuja. READ ALSO: Atiku Praises …
The Independent National Electoral Commission (INEC) has published the final list of 17 candidates for the 2026 Federal Capital Territory (FCT) Area Council elections, scheduled to hold on Saturday, February 12, 2026. Mr. Sam Olumekun, INEC National Commissioner and Chairman of the Information and Voter Education Committee (IVEC), disclosed this in a statement issued in …
