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Breaking Barriers and Igniting Change as Dr. Louisa Akaiso’s Audacity Conference 2024 Empowers Women Across Africa

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From Inspiration to Empowerment as Dr. Louisa Akaiso Leads Africa’s Women at Audacity Conference 2024

A wave of empowerment swept through Nairobi as the highly anticipated “Women Who Win Africa: The Audacity Conference 2024” convened some of the continent’s most inspiring female leaders, thinkers, and changemakers. Spearheaded by the visionary Dr. Louisa Akaiso, the event carried the powerful theme “Closing the Gender Representation Gap in Nation-Building” and marked a historic … Read more

UBA Donates N500 Million to Lagos State Security Trust Fund, Strengthening Efforts to Combat Crime

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"UBA Donates N500 Million to Lagos State Security Trust Fund, Strengthening Efforts to Combat Crime"

In a significant move aimed at bolstering security in Lagos State, United Bank for Africa (UBA) has donated a generous sum of N500 million to the Lagos State Security Trust Fund (LSSTF). This donation marks a powerful partnership between the private sector and the government to address rising security concerns in Africa’s largest city. The … Read more

Christmas Relief: Dangote Refinery Slashes Petrol Price to ₦899 Per Litre

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Christmas Relief: Dangote Refinery Slashes Petrol Price to ₦899 Per Litre

Introduction As the festive season approaches, Nigerians can breathe a sigh of relief with Dangote Petroleum Refinery’s latest announcement. In a remarkable move to ease transport costs during the Christmas and New Year celebrations, the refinery has reduced the price of petrol to ₦899.50 per litre. This gesture reflects the refinery’s commitment to providing affordable … Read more

Food Inflation Worsens, Poised to Exceed 40% Amid Festive Season Pressures

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By Elizabeth Adegbesan Food inflation in Nigeria is on the brink of surpassing 40%, as the latest report from the National Bureau of Statistics (NBS) indicates a continued rise in consumer prices. Structural challenges in agricultural production, particularly in the northern regions, combined with increased demand during the festive season and higher transportation costs, are … Read more

NIMASA Begins Monitoring of SPDC Oil Spill at Bonny Terminal

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By Godwin Oritse The Nigerian Maritime Administration and Safety Agency (NIMASA) has initiated monitoring operations following an oil spill at the Shell Petroleum Development Company (SPDC) loading terminal in Bonny, Rivers State. The spill, caused by a ruptured pipeline, has raised environmental and socio-economic concerns in the affected region. SPDC’s Immediate Response Upon detecting the … Read more

FG’s Electricity Subsidies Rise 2.76% to ₦199.64bn in December — NERC

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By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission (NERC) has reported a 2.76% increase in electricity subsidies payable by the Federal Government for December 2024, reaching ₦199.64 billion, up from ₦194.26 billion in November. This rise is attributed to fluctuations in exchange rates, inflation, and changes in power generation capacity. Electricity Tariffs Remain Frozen … Read more

Nigeria to Generate $320 Million Annually from Carbon Credit Initiative

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By Providence Ayanfeoluwa Nigeria’s Niger Delta region could generate $320 million annually through innovative carbon credit initiatives, leveraging its vegetation and untapped environmental potential. This was revealed by Capt. Warredi Enisuoh, Executive Director of Operations and Technical at Tantita Security Service Ltd, during his investiture as an Honorary Doctorate recipient from Highstone Global University, Texas, … Read more

How UBA’s N239.4bn Rights Issue Will Drive Growth – Tony Elumelu

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How UBA’s N239.4bn Rights Issue Will Drive Growth – Tony Elumelu

The United Bank for Africa (UBA) Plc has unveiled its ambitious N239.4 billion Rights Issue, a strategic move aimed at bolstering its digital infrastructure, expanding operations across Africa and beyond, and strengthening its position as a leading pan-African financial institution. Group Chairman, Mr. Tony Elumelu, emphasized that the Rights Issue aligns with the bank’s long-term … Read more

Cassava Bread Initiative in Nigeria Gains Ground, Boosting Local Production

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Cassava Bread Initiative in Nigeria Gains Ground, Boosting Local Production

Nigeria’s efforts to integrate High-Quality Cassava Flour (HQCF) into bread production have gained significant traction with the successful training of processors and lead trainers in the South-West region. This transformative initiative seeks to boost cassava utilisation, fortify the cassava value chain, and promote food security while reducing dependence on wheat flour. The Cassava Bread Initiative: … Read more

Naira Appreciates to N1,660/$ in Parallel Market, Weakens to N1,550/$ in Official Market

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Naira Appreciates to N1,660/$ in Parallel Market, Weakens to N1,550/$ in Official Market

The Nigerian Naira experienced mixed movements on Monday, appreciating slightly in the parallel market to N1,660 per dollar while depreciating in the official market to N1,550 per dollar. The contrasting trends highlight ongoing volatility in Nigeria’s foreign exchange market amid efforts to stabilize the currency. Parallel Market Gains: Naira Strengthens Slightly In the parallel market, … Read more

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