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...
Nigeria Secures $600,000 Relief Fund from Bill & Melinda Gates Foundation
The Nigerian government has secured a $600,000 relief fund and commitments from the Bill & Melinda Gates Foundation to support flood relief efforts and bolster health and agricultural sector reforms. The announcement was made during a meeting between Vice President Kashim Shettima and the Foundation's head of the Global Development Programme, Dr Christopher Elias, on the sidelines of the 79th...
ExxonMobil Commits $10 Billion to Nigeria’s Deep-Water Oil Operations
Vice President Kashim Shettima has warmly welcomed ExxonMobil's proposed $10 billion investment in Nigeria's deep-water oil operations, hailing it as a significant endorsement of the administration's economic reforms and investor-friendly policies. The announcement came as the international maritime giant, DP World, revealed plans for a multibillion-dollar port project in Nigeria. During a high-level meeting with ExxonMobil executives on the sidelines of...
MRI Could Revolutionize Prostate Cancer Screening
The screening of prostate cancer has long been a complex and controversial issue. While early detection can be crucial, many prostate cancers are indolent, meaning they grow slowly and may never pose a significant threat to a patient's health. This has led to debates among experts about the benefits and harms of screening, particularly using the prostate-specific antigen (PSA)...
