Author: Ifetayo Adeniyi

Dangote says investors can subscribe for as few as 10 ordinary shares Chief executive officer of Dangote Group, Aliko Dangote, has disclosed that the proposed initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE will have a minimum subscription requirement of 10 ordinary shares, valued at N5,250. Dangote disclosed this on Monday at a signing ceremony in Lagos. The proposed IPO is expected to allow investors to acquire shares in the Dangote refinery and petrochemicals business, one of Nigeria’s largest industrial investments. Details Later…

L-R: Abimbola Alabi, Head, Learning Academy, Human Capital Management, Keystone Bank; Tamilore Tayo-Oyetibo, Team Member, Alternative Banking, Retail & Digital Banking Group, Keystone Bank; Martins Ofiegbe, Unit Head, SME Banking, Retail & Digital Banking, Keystone Bank; Agharese Onaghaise, Executive Director, FBRA and Akinwunmi Karunwi, Department Head, Regulatory Reporting & Tax Management, Keystone Bank, at the Keystone-FBRA Green SME Master Class, where 100 Green SMEs were equipped with practical skills to transform waste materials into commercially viable products, organised by Keystone Bank and FBRA in Lagos. Keystone Bank Limited has partnered with the Food and Beverage Recycling Alliance (FBRA) to train…

Micro, Small and Medium Enterprises (MSMEs)  … seeks to strengthen the foundations that can make businesses more investment- and finance-ready. The conversation around Nigeria’s small businesses often begins and ends with access to finance. Yet capital can only go as far as the institution receiving it. Without sound governance, reliable records, clear strategy and disciplined operations, even well-funded enterprises can struggle to survive. ProvidusUnity Bank‘s SME capacity-building programme is premised on a more enduring proposition: sustainable growth begins with the quality of the business itself. Six years ago, ProvidusUnity Bank launched the programme in partnership with the Enterprise Development Centre…

Dr Lawan Ahmed Muhammad Sani His appointment was with immediate effect as the new Emir. Jigawa State Governor, Umar Namadi, has approved the appointment of Dr Lawan Ahmed Muhammad Sani as the 17th Emir of Gumel Emirate, three days after the death of his father. The announcement was made by the Secretary to the State Government, Bala Ibrahim, during a press briefing at the Nigeria Union of Journalists Secretariat in Dutse, the state capital, on Sunday. “Following due consultations with the Gumel Emirate Council, kingmakers, and in accordance with the Jigawa State Emirate Council Law, His Excellency, the Executive Governor…

Nigeria’s Falconets are prepared to open their FIFA U-20 Women’s World Cup campaign on Monday (today) when they will face defending champions Spain in their opening Group F fixture at the Stadion Sosnowiec in Poland. The match is scheduled to kick off at 5pm local time, 4pm Nigerian time, with Head Coach Moses Aduku saying his team is determined to start the competition on a winning note. Aduku said the Falconets would treat the clash like a cup final as they target the maximum three points against the Spaniards. “We are looking forward to the match against Spain with high…

FairMoney Microfinance Bank, a CBN-licensed digital financial institution in Nigeria, has surpassed 30 million registered users in the country, marking a significant milestone in its mission to make financial services more accessible to Nigerians. The company in a statement said the milestone represented more than growth, adding that it reflects the growing number of Nigerians choosing FairMoney for their everyday financial needs. “Today, millions of people use FairMoney to borrow, save, transfer money, pay bills, use cards, finance assets through its technology-enabled banking platform for individuals and businesses. “Reaching more than 30 million registered users demonstrates how technology can help…

Africa’s most profitable carrier, Ethiopian Airlines has further strengthened its presence in Nigeria with increased flight frequencies and the introduction of a new service to Port Harcourt, thus reinforcing the airline’s long-term commitment to one of its most important African markets. Under the expansion, Ethiopian Airlines has increased its Lagos operation to 21 weekly flights, offering up to three daily services, while also increasing frequencies to Kano by 4 bringing the total to 11 flights a week. The airline will additionally commence four weekly flights to Port Harcourt, complementing its existing services to Lagos, Abuja, Kano, and Enugu. With the…

FG facilitates return of ex-Sierra Leone president Koroma L-R: Nigeria’s Foreign Affairs Minister, Bianca Odumegwu-Ojukwu and former President Olusegun Obasanjo accompany ex-Sierra Leonian President Ernest Bai Koroma on his return to Freetown on Sunday. CREDIT: Ministry of Foreign Affairs Nigeria’s former President Olusegun Obasanjo joined the minister in escorting Koroma back to Freetown. Nigeria has facilitated the return of former Sierra Leone President, Ernest Bai Koroma, to Freetown after more than two years of temporary relocation to Nigeria. The Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, disclosed this in a statement signed by her Special Assistant on Communication and New Media,…

NASENI logo The National Agency for Science and Engineering Infrastructure has developed and introduced over 40 products, including electric vehicles, solar systems, laptops, smartphones and rapid diagnostic kits. The agency disclosed this in a statement released on Sunday to mark three years of institutional reforms and technology commercialisation. The products span renewable energy, transportation, agriculture, healthcare, information technology, clean cooking and education. They include electric tricycles, CNG conversion solutions, solar irrigation pumps, solar home systems, batteries, smartphones, tablets, laptops, televisions, diagnostic kits and clean cookstoves. The development aligns with the Federal Government’s efforts to boost local manufacturing, reduce import dependence…

The Federal Competition and Consumer Protection Commission has begun examining Uber’s exit from Nigeria, particularly whether the ride-hailing company left behind unfulfilled services and obligations to customers. Chief Executive Officer of the commission, Tunji Bello, disclosed this in a text message to Bloomberg, which reported on Sunday that the regulator was examining the manner of Uber’s departure from the Nigerian market. FCCPC officials “are looking into the manner of their exit, particularly in respect of unfulfilled services to the customers,” Bello said. The development comes four days after Uber announced that it would wind down its operations in Nigeria and…