John Legend to Headline Move Afrika 2025 in Nigeria and Rwanda
Global Citizen, the international advocacy organization, has announced that multiplatinum artist and producer John Legend will headline the next edition of Move Afrika, the groundbreaking music touring circuit across Africa. Expanding from Rwanda to include Nigeria, the 2025 Move Afrika tour will drive a citizen-led advocacy campaign focused on strengthening health systems across the continent. This includes urging African nations...
CBA Foundation Highlights Impact, Urges Government Support for Widows
The Chinwe Bode-Akinwande Foundation, a non-governmental organization dedicated to empowering widows and disadvantaged children, revealed that 70% of its proceeds are directed towards setting up businesses for widows and meeting their other critical needs. This announcement was made during the "Walk4Hope2024" event in Lagos, where the foundation also urged the government to implement economic reforms and introduce policies that improve...
Foreign Tech Giants Contribute N3.85 Trillion to Nigerian Tax Revenue in Nine Months
Foreign technology companies operating in Nigeria, including giants like Google, Netflix, and Facebook, contributed a significant N3.85 trillion in taxes to the Federal Government in the first nine months of 2024, according to data released by the National Bureau of Statistics. This represents a substantial 68.12 percent increase compared to the N2.29 trillion collected in the same period of...
NIGERIAN MODEL MAKES HISTORY AS FIRST AFRICAN TO WIN MR. INTERNATIONAL TITLE
In a historic moment that has sent shockwaves of excitement and pride across the continent, Nwajagu Chinemerem Samuel, a Nigerian model, has been crowned the winner of the prestigious Mr. International pageant. This achievement marks a milestone in the world of international beauty pageants, as Samuel becomes the first African to ever win the coveted title. Samuel's journey to the...
Dr. Jane Kimemia Honored with U.S. President’s Lifetime Achievement Award
Dr. Jane Kimemia, Chief Executive Officer of Optiva Capital Partners, has been bestowed with the prestigious U.S. President's Lifetime Achievement Award in recognition of her significant humanitarian contributions and unwavering commitment to community development. The award, presented at the Global Reputation Forum held at the Financial Times Headquarters in London, is a distinguished honor bestowed upon individuals whose leadership...
NNPC Highlights Key Achievements, Including $1 Billion Loan to Support Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPC) has highlighted its key achievements, including securing a $1 billion loan backed by crude oil to support the Dangote Petroleum Refinery. Speaking at the Energy Relations Stakeholders Engagement in Abuja, Chief Corporate Communications Officer, Mr. Olufemi Soneye, emphasized the company's commitment to driving national development partnerships. He stated that under the leadership of...
Africa Faces $74 Billion Debt Servicing Burden Amidst Rising Costs and Limited Liquidity
Africa faces a staggering $74 billion debt servicing burden this year, a significant challenge exacerbated by limited access to affordable liquidity, according to Prof. Kevin Urama, Vice President and Chief Economist, Economic Governance and Knowledge Management, African Development Bank Group. Speaking at the launch of the Debt Management Forum for Africa and the Inaugural Policy Dialogue in Abuja, Urama highlighted...
Inflation in Nigeria Surges to 34.6% in November, Fueling Economic Concerns
Nigeria experienced a significant surge in inflation in November 2024, with the headline inflation rate reaching 34.60%, a 0.72 percentage point increase from October. This alarming figure, released by the National Bureau of Statistics (NBS), underscores the continued economic challenges facing the country. The report revealed a concerning year-on-year increase, with November 2024's inflation rate 6.40 percentage points higher...
Cash Crunch Cripples Businesses, CBN Fines Banks for Illicit Naira Flows
The ongoing cash scarcity in Nigeria is severely impacting businesses, particularly Micro, Small, and Medium Enterprises (MSMEs), according to the Organized Private Sector (OPS). The OPS has joined calls for the Central Bank of Nigeria (CBN) to address the crisis, warning of potential economic collapse if the situation persists. The OPS contends that while the CBN's intentions may be to...
Bruit Costaud Partners with NexHub to Boost Nigeria’s Creative Exports
Bruit Costaud, a leading strategic policy communications and government affairs firm, has announced a partnership with NexHub, a non-oil export promotion organization, to significantly boost Nigeria's creative exports to the global market. This strategic alliance leverages the expertise of both organizations, aiming to position Nigeria as a global cultural powerhouse. Bruit Costaud, affiliated with the US-based Ballard Partners, brings...
