Africa Finance Corporation (AFC) said it acted as co-financial adviser on the successful issuance of the inaugural tranche of bonds under the Federal Government of Nigeria’s Presidential Power Sector Financial Reforms Programme (PPSFRP). The corporation disclosed this in a statement issued on Tuesday, February 3. According to AFC, the first tranche of the bond, valued …
Nigeria processed close to 11 billion electronic payment transactions in 2024, more than double the 5 billion transactions recorded in 2022, according to the Central Bank of Nigeria (CBN). The apex bank disclosed this in its report titled 'Shaping the Future of Fintech in Nigeria: Innovation, Inclusion and Integrity', released on Monday. The report shows …
The National Industrial Court in Abuja has restrained the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) from staging a protest scheduled for Tuesday, February 3. Emmanuel Subilim, the presiding judge, gave the order on Monday after hearing an ex parte application filed by Nyesom Wike, minister of the Federal Capital Territory (FCT), …
The Joint Admissions and Matriculation Board (JAMB) has announced that it will issue free Unified Tertiary Matriculation Examination (UTME) application forms to persons with disabilities (PWDs) registering for the 2026/2027 examination. JAMB made the announcement in a statement released on Tuesday in Abuja by its Public Communication Advisor, Dr Fabian Benjamin. Registration for the 2026 …
Former Attorney-General of the Federation (AGF), Abubakar Malami, has asked the Federal High Court in Abuja to set aside an interim forfeiture order on some of his properties seized by the Economic and Financial Crimes Commission (EFCC). On January 6, Emeka Nwite, a judge of the federal high court, ordered the interim forfeiture of 57 …
A faction of the Peoples Democratic Party (PDP) aligned with Nyesom Wike, minister of the Federal Capital Territory (FCT), has scheduled March 28 and 29 for its national convention to elect new members of the party’s national working committee (NWC). The decision was taken on Monday at a national executive committee (NEC) meeting of the …
Organised labour unions and the Minister of the Federal Capital Territory (FCT), Nyesom Wike, have resolved their dispute. The agreement has led to the immediate suspension of the strike and a return to work by affected employees. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) announced the decision in a circular issued …
There are concerns that Nigeria may lose about 6.75 million barrels of crude oil in February as Shell Nigeria Exploration and Production Company (SNEPCo) embarks on turnaround maintenance on the Bonga Floating Production Storage and Offloading (FPSO) vessel. In a statement released on Sunday, February 1, Shell said it has commenced turnaround maintenance on the vessel …
While the world moves toward green energy in line with the energy Transition agenda, oil and gas resources remain vital to Africa’s development, says Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan. Mrs Eyesan highlighted the strategic role of hydrocarbons in Africa’s future, while pursuing just energy agenda. The NUPRC …
Access Bank Plc has named Ifeyinwa Osime as its new board chairman. The appointment follows the retirement of Paul Usoro on January 29, 2026, after he completed his regulatory tenure. The bank announced this in a statement on Monday by its company secretary, Sunday Ekwochi. “Access Holdings Plc is pleased to announce that the Board …
