Author: Ifetayo Adeniyi

Ebonyi varsity gets NUC approval Ebonyi State Governor, Francis Nwifiru Ebonyi varsity gets NUC approval. The National Universities Commission has approved the establishment of Ebonyi State University of ICT, Science and Technology, Oferekpe. Presenting a letter of recognition of the new university to Ebonyi State Governor, Francis Nwifuru, on Thursday, the Executive Secretary of NUC, Prof. Abdullahi Ribadu, said the institution is now recognised as the 66th state university in Nigeria and the 278th in the Nigerian University System. He said a copy of the recognition letter would be forwarded to the Joint Admissions and Matriculation Board, the Tertiary Education…

Moniepoint, Visa unite to empower African businesses Moniepoint, Visa unite to empower African businesses Moniepoint has secured a strategic investment from Visa, a global payment company, to drive its expansion across Africa and empower businesses with innovative payment solutions. The investment follows the company’s highly successful $110 million series C funding round, which tripled its valuation to over $1 billion in October 2024. The nine-year-old fintech said in a statement on Thursday that the partnership combines its local expertise and innovative business model with Visa’s global resources and capabilities. Both firms aim to accelerate the digital transformation of African SMEs,…

Bloomberg fills vacuum, funds UN climate body after US pull out Climate change/ Shutters Bloomberg fills vacuum, funds UN climate body after US pull out Billionaire entrepreneur Michael Bloomberg announced Thursday that his foundation would step in to fund the United Nations climate change body after United States President, Donald Trump declared that the nation would withdraw from the Paris Agreement for the second time. Bloomberg’s intervention aims to ensure the United Nations Framework Convention on Climate Change remains fully funded despite the US halting its contributions. Washington typically provides 22 per cent of the UNFCCC secretariat’s budget, with the…

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…