THE Vice President, Senator Kashim Shettima on Thursday, welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, describing it as a clear testament to the administration’s economic reforms and investment-friendly policies. This is as the international maritime giant, DP World, has announced plans to develop a multibillion-dollar port project in Nigeria. The Vice President expressed excitement for the ... Read More »

The President Bola Ahmed Tinubu-led administration has put all necessary efforts, policies, and strategies in place to ensure that the nation’s maritime sectors becomes a key driver of economic growth and sustainable development. This was in Lagos yesterday, by the Minister of Marine and Blue Economy, Adegboyega Oyetola. Addressing stakeholders at the World Maritime Day 2024 in Lagos, Oyetola said ... Read More »

Access Bank PLC (“Access Bank”) has successfully satisfied all legal and regulatory requirements to complete its acquisition of African Banking Corporation (Tanzania) Limited (“BancABC Tanzania” or “BancABC”). With the acquisition now finalised, the entity in Tanzania will operate under the name Access Bank Tanzania Limited, further consolidating Access Bank’s presence in the East African region.This milestone also builds on Access ... Read More »

Dupe Olusola has announced the launch of the Next Generation Foundation, a philanthropic fund dedicated to improving the lives of underserved and vulnerable children through education. With this foundation, Olusola, the Managing Director/CEO of Transcorp Hotels Plc, is extending her lifelong commitment to empowering others, driven by a deep belief in the transformative power of education. The foundation’s vision is ... Read More »

After more than one year in office, some of President Bola Ahmed Tinubu’s ministers are likely to be axed. Some others may swap ministries as the President moves to add pep to governance. Presidential spokesman Bayo Onanuga confirmed the likelihood of the cabinet rejig yesterday during an interaction with reporters at Aso Villa. He did not, however, give a timeline ... Read More »

The fresh case was filed at the Federal Capital Territory (FCT) High Court in Abuja on Tuesday, adding to a pending N80 billion money laundering case against him. The Economic and Financial Crimes Commission (EFCC) has filed fresh corruption charges against former Kogi State governor, Yahaya Bello, who is still being wanted for an earlier money laundering case. EFCC accuses ... Read More »

• Nigeria won’t be destination for illicit wealth from foreign countries, says President • EFCC praised for returning $180,000, 53 vehicles to Canada President Bola Ahmed Tinubu has directed security and law enforcement agencies to scale up efforts at cracking down on individuals or organisations involved in cybercrime and transnational car theft. A statement yesterday in Abuja by his Special ... Read More »

African philanthropist and business leader, Tony Elumelu, will make Africa’s transformative economic growth, youth employment, and energy transition central to the discussions at this year’s United Nations General Assembly (UNGA), taking place late September in New York. Elumelu will call for urgent action in a series of engagements, including a roundtable discussion at the Clinton Global Initiative with former President ... Read More »

President Bola Tinubu has decided to skip the 79th United Nations General Assembly (UNGA) in New York, opting instead to focus on Nigeria’s pressing domestic challenges, particularly the recent devastating flooding that has affected the country. A statement issued on Thursday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, which disclosed President Tinubu’s decision, also said ... Read More »

Former Kogi Governor Yahaya Bello on Wednesday honoured the invitation of the Economic and Financial Crimes Commission (EFCC). The former Governor was declared wanted by the EFCC for alleged fraud and corrupt enrichment while in office. A statement by his media team said the decision was after due consultations with family, legal team and political allies. It reads: “The former ... Read More »