Author: Ifetayo Adeniyi

Nigeria Youth League Cup: 30 Teams Set To Rival “It is a youth development programme with the mission of providing world-class football experience, and competition for teenagers and young adults between the ages of 16 and 19,” he said. Not fewer than 30 youth teams are set to participate in the maiden edition of the Nigeria Youth League Cup (NYLC). The president of NYLC, Robinson Adakosa, disclosed this at a news conference on Thursday in Abuja. Adakosa said the league has received support from the Sports Ministry, the Nigeria Football Federation, and the Nigeria Premier Football League. He said that…

Bloomberg: Dangote refinery is transforming Nigeria Into an Oil Market Juggernaut In a finely balanced oil market, Nigeria has suddenly reemerged as a key player. During the past few weeks, actions by the country’s massive Dangote refinery have moved prices, with purchases of US barrels initially boosting the crude futures curve before a decision to sell them sent oil tumbling. Once fully operational, the plant outside Lagos will be able to process 650,000 barrels a day, rivaling the largest sites in the US and more than 50% larger than Europe’s biggest refinery. A look at International Energy Agency data this…

For bond hybrid roadshow in Lagos, FG set for $500m … plans to issue $500 million in domestic, foreign currency-denominated bonds in August. The Nigerian government is set for domestic US dollar bond hybrid roadshow in Lagos. This was disclosed by the Debt Management Office (DMO) during the launch of the domestic dollar bond in Lagos on Wednesday. FGN Bonds are typically long-term investments ranging from 3 to 50 years issued by the Debt Management Office (DMO) on behalf of the Federal Government of Nigeria (FGN). Investors earn interest on bonds semi-annually or quarterly. The Federal Government of Nigeria had…

For smooth payments, Mastercard, Scale roll out features to help fintech companies The collaboration will evolve into a technology proposition, enabling any tech company to acquire the Mastercard issuing capability through Scale. Mastercard has partnered with Scale, an issuer orchestration partner, to accelerate market deployment for fintech companies across the Middle East and Africa. In a statement, Mastercard said the partnership will alleviate key technical and commercial barriers to entry that fintech companies, aggregators, enablers, payment service providers (PSPs) and telcos face when launching payment programs — enabling them to focus on their core business and launch new products and…

Gas pipeline project: Nigeria, Equatorial Guinea signed an agreement The signing of the agreement will open up new opportunities for gas exploration and employment. President Bola Tinubu and the President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo signed an agreement on the Gulf of Guinea pipeline project. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, in a statement on Thursday said the agreement signed on Wednesday evening in Malabo further affirms partnership for mutual development. The agreement, according to the statement, covered legislative and regulatory measures for the gas pipeline, establishment and operation, transit of natural…

Branch Wins Prestigious “Most Innovative Loan & Finance Brand Of Year 2024” Award Branch International Finance Company Limited, a leading fintech brand dedicated to transforming the financial landscape in Africa, is thrilled to announce its recognition as the “Most Innovative Loan & Finance Brand of the Year 2024” at the 5th edition of the Africa Fintech Brands Innovation Awards, organized by the Africa Technology Congress (AFTC). The award ceremony took place on July 31st, 2024, at The Civic Centre in Victoria Island, Lagos, Nigeria. This accolade is a testament to Branch’s unwavering commitment to delivering cutting-edge financial solutions and exceptional…

Celebrity Awards: Davido, AY, Oga Driver Shine As MPCA discloses winners, Kaduna based-radio presenter, Mr Philip Arome Omachi, popularly known as Oga Driver, has won the most popular on-air personality in the 2024 edition of the Most Popular Celebrity Award (MPCA). Other winners include most popular actor (Nigerian language) Male- Odunlade Adekola, most popular actor (Nigerian language) female- Fisayomi Olamide Abebi and most popular actor (English movie) male- Akume Akume. Others are most popular actor (English movie) female- Funke Akindele, most popular stand-up comedian-Richard Ayodeji Makun also known as AY, the most popular Afrobeat – Adeleke Ayodeji David (Davido) and…

Wale Edun Since January, FG improves on foreign reserves by $4bn … implementation of robust fiscal policies and reforms aimed at enhancing revenue collection efficiency across various sectors was responsible for the improvement. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s foreign reserves have grown by four billion dollars since January. Edun said this on Thursday in Lagos, at an investor meeting for the issuance 500 million dollars FGN bond. He said that the aggregate Federal Government revenue had more than doubled He said that the implementation of robust fiscal policies and reforms aimed…

New curriculum: Empowering students to be globally competitive, using technology According to Ugwu, “a well-trained tech expert could earn up N500,000 to N1 million a month, which is one of the reasons the new curriculum is ideal.” The federal government is planning to review basic and senior secondary schools’ curricula to address the current learning crisis in the country, encourage the use of technology and enable future job seekers to secure high-paying jobs. Though the curriculum has not been launched, it was gathered that it focuses mostly on critical technological courses such as robotics, artificial intelligence, machine learning, among others.…

FG motivates health workers with incentives to discourage japa Patients experience longer wait times, reduced access to specialised care, and a decline in overall care quality due to overburdened staff. Federal government has adopted a strategy to retain healthcare professionals by offering credit facilities and tax holidays to investors as part of a broader plan to enhance local medical practice. Through its new national policy on health workforce migration, the government aims to create a supportive environment by enhancing infrastructural capacity and improving conditions of workers. This initiative seeks to reduce health workers’ desire for opportunities abroad and encourage Nigerian…