The Chairman of First HoldCo Plc, Femi Otedola, has acquired additional shares, valued at ₦14.8 billion, in the financial holding company. The holding company announced this in a notice late Thursday, signed by the Company Secretary, Abiola Baruwa. According to the notice filed with the Nigerian Exchange Limited (NGX), the shares were purchased through Calvados …
Senator Ireti Kingibe, representing the Federal Capital Territory (FCT), has formally defected to the African Democratic Congress (ADC). Her registration with the party is scheduled for Thursday at the ADC national headquarters in Wuse, Abuja. READ ALSO: BREAKING: Atiku Joins ADC, Signals New Political Alignment Ahead of 2027 The development was confirmed in a statement issued …
Burkina Faso released 11 Nigerian Air Force personnel detained after an emergency landing on December 8, Foreign Minister Yusuf Tuggar confirmed Thursday. “Through sustained dialogue, we resolved the matter concerning Nigerian pilots and crew, showing the effectiveness of diplomacy in sensitive situations,” Tuggar said in a statement on X. The release followed meetings between Burkina …
Damage from Hurricane Melissa could cost Jamaica up to $15 billion, the United Nations said on Wednesday, 50 days after the tropical storm struck the Caribbean island. The human toll has been severe. Authorities reported 45 deaths and more than 600,000 people affected. Hundreds are still living in shelters, unable to return home. “The physical …
Uganda’s export earnings soared to $1.5 billion in October, nearly double the same month last year, according to official data. The surge reflects strong receipts from key commodities. Coffee, Uganda’s cornerstone export and top source of foreign exchange, benefited from elevated global prices. As Africa’s leading coffee exporter in 2025, Uganda earned a record $2.4 …
The Democratic Republic of Congo (DRC) and the United States have signed a high-profile agreement on critical minerals. The deal promises economic transformation and secure access to cobalt and other key resources. At the heart of the agreement is the Strategic Mineral Reserve (SMR). It is designed to ensure a stable supply of critical minerals, …
The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week’s surge. The Labour Department reported 224,000 initial claims for the week ending December 13, a decline of 13,000 from the previous week. Economists had expected 225,000 claims. Claims data have fluctuated in recent weeks due to seasonal adjustments …
The Inter-Party Advisory Council (IPAC) in Ebonyi State has raised concerns over the abandonment of several government projects across the state, calling on Governor Francis Nwifuru to compel defaulting contractors to return to the site or have their contracts terminated and public funds recovered. The State Chairman of IPAC, Comrade Nasir Ernest Nwaze, disclosed this …
The Federal Capital Territory High Court in Gwarinpa, Abuja, on Thursday ordered that former Minister of Labour and Employment Chris Ngige continue to enjoy the administrative bail previously granted to him by the Economic and Financial Crimes Commission (EFCC). The ruling was delivered by Justice Maryam Hassan following a bail application filed on behalf of …
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has revealed plans to launch a microfinance bank and wants the Central Bank of Nigeria (CBN) to grant it an operating licence. Director-General of SMEDAN, Charles Odii, disclosed this during a media parley in Abuja on Wednesday, while unveiling the agency’s five-point agenda for 2026. …
