Tuesday, May 6, 2025
China Development Bank, CDB, has approved the first tranche of a $255 million loan for the Nigerian government’s Kaduna-Kano railway project. This was disclosed in a statement by CDB on Tuesday. The loan, according to the China Development Bank, will provide crucial financial backing to ensure the smooth construction of […]
The Nigeria Football Federation (NFF) has named Éric Sékou Chelle, former coach of Mali’s national team, as the new head coach of the Super Eagles, News360 Nigeria reports. Chelle becomes the third manager to helm the team since José Peseiro’s resignation in March 2024. The NFF officially confirmed Chelle’s appointment on Tuesday, […]
The Nigeria Customs Service has said that it received 573,519 applications in the just-concluded 2024/2025 recruitment exercise, barely a week after the portal was opened. DAILY POST reports that about a week ago, the Minister of Finance, Mr. Olawale Edun, announced that the recruitment of 3,927 officers has been approved […]
Egypt leads Africa as Nigeria’s military drops to 39th in global armed forces rankings The Armed Forces of Nigeria have dropped three places in the 2024 Global Firepower (GFP) ranking, moving from 36th position in 2023 to 39th among 145 nations assessed worldwide. This marks a second consecutive year of […]
The Nigeria Police Force National Cybercrime Center (NPF-NCCC) has been recognized as the best cybercrime unit in Africa for 2024 by the INTERPOL Cybercrime Directorate based in Singapore. This recognition comes as the unit announced the recovery of over N8.8 billion, along with significant amounts of cryptocurrency and US dollars, […]
Presco Plc, Nigeria’s biggest palm oil maker, is set to raise N100 billion in Series 1 of its N150 billion bond programme. This would mark the largest corporate bond issuance in the industry. The bond will have a 7-year tenure with a yield range of 23.25 percent to 23.75 percent. […]
As the National Assembly begins consideration of the N49.7 trillion 2025 budget at the committee level on January 7, the Senate has declared that it will suspend plenary for two weeks upon resumption on January 14. It has also fixed Thursday this week for an open day on the budget […]
The National Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called on President Bola Tinubu’s administration to take decisive steps toward tax reform, including reducing corporate taxes to 19% and pegging Value Added Tax (VAT) at 7.5%. This is contained in a statement signed by the association’s […]
Airtel Nigeria’s Chief Executive Officer, Dinesh Balsingh, has said that the 300 per cent surge in operational cost in the last 18 to 24 months has made tariff adjustments necessary for the long-term sustainability of the telecom sector. In a note shared with The PUNCH on Monday, Balsingh highlighted the tough […]
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has justified its earlier request that the Federal Government authorize a N100 billion intervention fund to help stabilize the petroleum products market and make them more accessible to Nigerians. Dr. Billy Gillis-Harry, President of the association, spoke on Arise TV’s […]