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LATEST ARTICLES
Greenwich Foundation Enhances Education Infrastructure with Ransome Kuti Grammar School Renovation
The Greenwich Foundation has successfully renovated the Ransome Kuti Grammar School in Yaba, Lagos. This initiative aligns with their corporate social responsibility and commitment to improving educational infrastructure. The Chairman of the foundation, Erelu Adebayo, highlighted the school's significance as a beacon of hope and education in the community. She expressed her honor in unveiling the newly renovated facilities, which...
President Tinubu Approves ExxonMobil-Seplat Divestment Deal
President Bola Tinubu has announced that the divestment transactions between ExxonMobil and Seplat will receive ministerial approval in a few days. The divestment process was previously stalled due to legal challenges and NNPC's attempts to acquire the assets itself. However, a settlement agreement was reached earlier this year, allowing the sale to proceed. President Tinubu emphasized his administration's commitment to free...
ITUC Demands Urgent Climate Funding for Workforce Transition
The International Trade Union Confederation (ITUC) has urged governments to take immediate action on climate funding to ensure a just transition for workers ahead of the COP29 climate summit in November. The ITUC noted that trillions of dollars will be needed annually to support developing countries' transition to sustainable economic models. This funding must prioritize supporting workers and ensuring social...
WIMBIZ Empowers Secondary School Girls with Financial Literacy Skills
Over 250 secondary school girls from Lagos City College and Wesley Girls College in Yaba, Lagos State, have benefited from the Big Sister Programme, an initiative designed to equip young women with financial literacy skills and boost their confidence. The program, led by the Women in Management, Business, and Public Service (WIMBIZ), aims to inspire girls aged 14 to 18...
Pelican Valley Nigeria Targets Diaspora Investors in Canada
Pelican Valley Nigeria Limited has embarked on a mission to attract more diaspora investors to Nigeria. The company's Chief Executive Officer, Dr. Babatunde Adeyemo, announced his participation in the upcoming Solteque Canada Trade Mission 2024, where he will showcase the firm's innovative range of estate products. Adeyemo emphasized the importance of purpose-driven remittances from the diaspora to help create wealth,...
Stakeholders Call for Increased Technology Adoption in Nigeria’s Construction Industry
Stakeholders in the construction industry have identified the poor adoption of modern technologies by professionals as a significant factor hindering the sector's growth. According to industry experts, about 75 percent of professionals in the industry are lagging behind in technology adoption. This has led to inefficiencies, increased costs, and delays in projects. Speaking at the 4th edition of Big 5 Construct...
Expert Urges World Leaders to Prioritize Climate Action at COP29
Professor Chukwumerije Okereke, Director of the Centre for Climate Change and Development at Alex Ekwueme Federal University, Ebonyi State, has called on world leaders to ensure that the upcoming COP29 climate summit becomes a decisive moment for advancing global climate action and increasing climate finance. In a statement released on , Okereke warned that without a firm commitment to...
Nigeria’s Export Surge Boosts Foreign Exchange Reserves
Nigeria's export to key trading partners experienced a remarkable surge in the second quarter of 2024, bolstering the nation's foreign exchange reserves. According to the National Bureau of Statistics, exports to Spain, the United States, France, India, the Netherlands, and China reached a combined value of N8.88 trillion during this period. Crude petroleum and natural gas remained the primary drivers...
Flour Mills of Nigeria Seeks to Acquire Minority Shareholders
Flour Mills of Nigeria Plc (FMN) has received approval from the Securities and Exchange Commission and the Nigerian Exchange Limited to proceed with a plan to buy out minority shareholders. The company's majority shareholder has offered to acquire the shares of all other shareholders through a scheme of arrangement, which has been recommended by the board of directors. FMN believes that...
NMRC Secures $228 Million to Boost Affordable Housing in Nigeria
The Nigeria Mortgage Refinance Company Plc (NMRC) has secured $228 million in funding to address the country's housing deficit and promote economic growth and development. The funding, facilitated through a partnership with United States-based MiDA Advisors and Johannesburg-headquartered Standard Bank Group, will provide liquidity to primary lending institutions, enabling them to refinance or pre-finance eligible mortgage loans. The Managing Director...
