Author: Ifetayo Adeniyi

Presidency Energy Sector Wrap-Up 2024: A $7bn investment received Special Adviser to the President Bola Tinubu on Energy, Olu Verheijen Presidency Energy Sector Wrap-Up 2024: A $7bn investment received The Special Adviser to the President on Energy, Olu Verheijen, has revealed that Nigeria’s energy sector received injections worth $6.7bn in 2024. Verheijen revealed this in a report titled ‘Presidency Energy Sector Wrap-Up 2024′ released by her office on Wednesday. According to the report, $5.5bn of the total investment went into the oil and gas sector. $400m of the Federal Government’s funds went into the presidential metering initiative, while its Clean…

PETROAN employs Ogoni youths to support resumption of oil production PETROAN employs Ogoni youths to support resumption of oil production The Petroleum Products Retail Outlets Owners Association of Nigeria has called on Ogoni youths to support the resumption of oil production in Ogoniland. The body made the call on Thursday in a statement by its National Public Relations Officer, Dr. Joseph Obele, following a meeting between President Bola Tinubu and Ogoni delegates in Abuja earlier in the week. To ensure that the concerns of all stakeholders are addressed, PETROAN suggested that the Ogoni delegates organise town hall meetings in all…

Glo Festival Of Joy Winners Receive Prizes In Abuja Glo Festival Of Joy Winners Receive Prizes In Abuja Abuja, the nation’s federal capital, came alive with joy and excitement on Wednesday as a new set of winners in the ongoing Globacom Festival of Joy promotion received mouth-watering prizes they won at a special presentation ceremony held at the premises of Globacom at Aminu Kano Crescent. A glittering brand new Toyota Prado, a brand new Kia Picanto, tricycles (Keke Napep) and scores of other prizes including power generating sets, sewing machines and grinding machines were handed over to joyful winners. Sarah…

WEMA BANK ANNOUNCES FINAL TRANCHE OF CAPITAL RAISE EXERCISE WEMA BANK ANNOUNCES FINAL TRANCHE OF CAPITAL RAISE EXERCISE Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced that it will be completing its capital raise through a combination of a Rights issue and Special placement exercise set to go live on April 1, 2025, with the goal of raising N200 billion in fresh capital. This would mark the second and final tranche of the Bank’s capital raise exercise, supplementing the N40 billion raised in the first tranche, and ensuring the Bank…

FG permits 10 Million Nigerians to access N4bn Cash Transfer, Rural Farmers N2bn Interest-Free Loans President Tinubu FG permits 10 Million Nigerians to access N4bn Cash Transfer, Rural Farmers N2bn Interest-Free Loans The federal government has approved a N4 billion allocation for conditional cash transfers to 10 million displaced households in Nigeria. The government also approved N2 billion for interest-free loans to farmers in rural areas to enhance food production and self-sufficiency. Minister of Humanitarian Affairs and Poverty Reduction, Nentawe Yilwada, disclosed this on Thursday, at the launch of the 2025 Nigeria Humanitarian Needs and Response Plan (HNRP), in Abuja.…

Ashny set for Valentine Special and new album ‘Femme Fatale’ Ashny, Nigeria’s sensational Queen of Pop music, has had tremendous success since her debut album ‘Ashny Ain’t Playing’ was released in October 2023, and has constantly pushed out numerous hit tunes and videos to the delight of her fans and followers. She has had the privilege and opportunity to perform at the Alibaba January 1st concerts (2024&2025), Felabration anniversary concerts at the freedom park (2023&2024), Laffmattazz with Gbenga Adeyinka, Night Of Queens, Muludun Night with Koffi Tha Guru, CIG industry Nights and Goge Africa concert, amongst many other great events.…

African Economy By 2050: WEF in Davos, Shettima, Global Leaders Target $29trn Vice President Kashim Shettima African Economy By 2050: WEF in Davos, Shettima, Global Leaders Target $29trn Vice President Kashim Shettima has joined other world leaders to push for the full implementation of the African Continental Free Trade Area (AfCFTA) with a target to boost Africa’s economy to $29 trillion by 2050. He reiterated Nigeria’s readiness to spearhead the AfCFTA and take advantage of the market potential of the sector for digital transformation and economic integration of the African continent. This was as the President of the World Economic…

Gates Foundation plans, budgets $8.74bn for 2025 Bill and Melinda Gates Foundation in Seattle, Washington Gates Foundation plans, budgets $8.74bn for 2025 The Gates Foundation has announced a budget of $8.74bn for 2025, with plans to increase annual distributions to $9bn by next year. Chief Executive Officer of the foundation, Mark Suzman, said the record approval by its governing council is in line with the foundation’s commitment to a world “where everyone, everywhere, deserves the chance to live a healthy, productive life.” The Gates Foundation is renowned for helping people lead healthy, productive lives, while its work in developing countries…

Winning Bid for Angola Oil Block, Oando Expands Upstream Footprint in Africa Winning Bid for Angola Oil Block, Oando Expands Upstream Footprint in Africa. Oando Plc, one of Africa’s leading indigenous energy solutions, yesterday announced that it had successfully completed and won the bid for the operatorship of oil block KON 13 in Angola. The company which recently acquired Eni of Italy’s oil assets in Nigeria, disclosed that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. In a statement made available to THISDAY,…

President Tinubu Congratulates THISDAY Newspapers, Celebrating 30th Anniversary Prince Nduka Obaigbena President Tinubu Congratulates THISDAY Newspapers, Celebrating 30th Anniversary Nigeria’s President Bola Tinubu has congratulated THISDAY Newspapers Limited, its management, and staff on the 30th anniversary of the publication. Established on January 22, 1995, by Prince Nduka Obaigbena, the media organisation has earned a reputation as a newspaper of record in Nigeria. It delivers in-depth coverage of national and global events. As he praised the newspaper for its commitment to the ideals of free enterprise, democracy, and innovative use of technology and for nurturing many notable names in the media…