News Update

Finance | Latest | News Update

Dangote Refinery Faces Boycott from Local Marketers, Exporting Majority of Production
ByHassan Bar September 12, 2024September 12, 2024

The Dangote Refinery, Africa’s largest, is facing challenges as local petroleum marketers in Nigeria continue to boycott its products, preferring to import refined petroleum from abroad. Devakumar V.G. Edwin, Vice President of Dangote Industries Limited, expressed frustration over the boycott during a discussion hosted by Nairametrics on X (formerly Twitter) on Wednesday. Despite the refinery’s…

Read More Dangote Refinery Faces Boycott from Local Marketers, Exporting Majority of Production
Business | News Update

Uganda Set for Over 10% GDP Growth Following Oil Production Start in 2025
ByZainab Yusuf September 12, 2024September 12, 2024

Uganda’s economic growth is projected to soar beyond 10% in the next financial year, driven by the anticipated commencement of crude oil production. According to the International Monetary Fund (IMF), the East African nation could achieve a GDP growth rate of 10.8% in the 2025/2026 fiscal year, a significant jump from the previous projection of…

Read More Uganda Set for Over 10% GDP Growth Following Oil Production Start in 2025
News Update | Policy and Regulation

EFCC Chairman Vows to Enforce Financial Regulations in Nigeria’s Banking Industry
ByIbson Bay September 11, 2024September 11, 2024

In a determined effort to sanitize Nigeria’s banking industry, Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has pledged to enforce stringent financial regulations. Speaking at the Chartered Institute of Bankers of Nigeria’s (CIBN) Annual Banking and Finance Conference, Olukoyede emphasized the need for strict adherence to regulatory standards to combat…

Read More EFCC Chairman Vows to Enforce Financial Regulations in Nigeria’s Banking Industry
Careers | News Update

Federal Government Allocates N47.5 Billion for Upgrading 50 Secondary Schools Nationwide
ByIbson Bay September 11, 2024September 11, 2024

The Federal Government has allocated N47.5 billion for the initial phase of upgrading 50 selected senior secondary schools across Nigeria. This significant funding marks a crucial step in the government’s efforts to enhance the quality of education at the senior secondary level nationwide. Dr. Iyela Ajayi, the Executive Secretary of the National Senior Secondary Education…

Read More Federal Government Allocates N47.5 Billion for Upgrading 50 Secondary Schools Nationwide
Latest | News Update | Technology Innovation

Innoson Vehicle Manufacturing Unveils Nigeria’s First Locally Produced Electric Vehicle
ByIbson Bay September 11, 2024September 11, 2024

Innoson Vehicle Manufacturing Company (IVM) has made a significant stride in the Nigerian automotive industry by unveiling its first locally produced electric vehicle. This marks a major milestone for the company and the country as it enters the burgeoning electric vehicle (EV) market. The news was announced through a Facebook post by Cornel Osigwe, Head…

Read More Innoson Vehicle Manufacturing Unveils Nigeria’s First Locally Produced Electric Vehicle
Consumer Tech | News Update

CadRemit Review: Simplified Cross-Border Transfers Between Canada and Nigeria
ByIbson Bay September 9, 2024September 9, 2024

Navigating international payments can be challenging, especially when transferring funds between countries with different currencies, such as Canada and Nigeria. CadRemit, a fintech app, has emerged as a reliable solution for individuals looking for seamless cross-border payment options. Whether you’re a student settling tuition fees in Canada, a professional supporting family back in Nigeria, or…

Read More CadRemit Review: Simplified Cross-Border Transfers Between Canada and Nigeria
Magazine | News Update

Usher and Chris Brown Join Afrobeats Wave: Nominated for Best Afrobeats at MTV VMAs
ByZainab Yusuf September 7, 2024September 7, 2024

Afrobeats, a genre that originated in West Africa, has become a global sensation, capturing the hearts of music lovers around the world. This success was recently highlighted by the nominations at the MTV Video Music Awards (VMAs), where major American pop stars, Usher and Chris Brown, have embraced the genre, reflecting its growing influence in…

Read More Usher and Chris Brown Join Afrobeats Wave: Nominated for Best Afrobeats at MTV VMAs
News Update

Burkina Faso Unveils New Passport Without ECOWAS Logo
ByIbson Bay September 5, 2024September 5, 2024

Burkina Faso has taken a significant step towards finalizing its departure from the Economic Community of West African States (ECOWAS) by introducing new biometric passports that omit any reference to the regional bloc. The move comes amid a broader shift by Burkina Faso, Niger, and Mali—three neighboring states now led by military juntas—to sever ties…

Read More Burkina Faso Unveils New Passport Without ECOWAS Logo
Latest | News Update

Nigerian Pandemic Fraud Suspect Walked Free for Years – Arrested on Arrival in the U.S. After Applying for Visa in 2024
ByIbson Bay September 5, 2024September 5, 2024

Four years after the world was gripped by the COVID-19 pandemic, the fallout from the emergency relief programs continues to make headlines, now with a Nigerian national at the center of a significant fraud case. Yomi Jones “Sabbie” Olayeye, a 40-year-old Nigerian citizen, has been accused of attempting to defraud the United States government of…

Read More Nigerian Pandemic Fraud Suspect Walked Free for Years – Arrested on Arrival in the U.S. After Applying for Visa in 2024
Careers | Magazine | News Update

Bill Gates Highlights Nigeria’s Low Tax Collection and Its Impact on Development
ByIbson Bay September 4, 2024September 4, 2024

Bill Gates, the co-chair of the Bill and Melinda Gates Foundation, has raised concerns about Nigeria’s low tax collection, describing it as a significant obstacle to funding critical sectors such as health and education. Speaking at the Nutrivision 2024 event, a Pan-African youth dialogue on nutrition held in Abuja, Gates emphasized the need for Nigeria…

Read More Bill Gates Highlights Nigeria’s Low Tax Collection and Its Impact on Development