The Federal Capital Territory (FCT) has emerged as the leading destination for foreign investment in Nigeria, outpacing Lagos in the first quarter of 2025, according to the latest Nigeria Capital Importation report released by the National Bureau of Statistics (NBS). The report revealed that the FCT attracted a total of $3.04 billion in capital inflows, […]
The Western Nigeria Security Network Agency, popularly known as the Amotekun Corps, has deployed 500 operatives to Osogbo, the Osun State capital, to provide security coverage for the upcoming Osun-Osogbo Festival, scheduled to take place on Friday, August 8. In a statement issued on Tuesday by the spokesperson of the Amotekun Corps in Osun State, […]
In a major push to advance technological innovation and entrepreneurship in Nigeria’s tertiary education sector, the Federal Government has approved the allocation of substantial funds to 15 beneficiary institutions under the Tertiary Education Trust Fund (TETFund) to establish cutting-edge innovation hubs and entrepreneurship centres. The initiative, announced on Tuesday, is part of a broader strategy […]
The Gates Foundation has declared a $2.5 billion pledge through 2030 to expedite research and development focused particularly on women’s health. The funding will bolster over 40 innovations across five pivotal yet historically neglected domains, with a pronounced focus on enhancing outcomes for women in low- and middle-income nations. The five domains encompass […]
First HoldCo is set to divest shares currently held by RC Investment, as announced by the Managing Director. During an investor call in Lagos, reported by Bloomberg on Monday, the managing director disclosed that the shares would be sold on the open market, though no specific timeline was provided. “We will be divesting […]
A federal high court in Lagos has sentenced businessman Ajah Johnson Uchenna and his wife, Rosemary Uchenna, to a cumulative 22 and a half years in prison for orchestrating an extensive cannabis trafficking enterprise from their residence. A statement released on Tuesday by Femi Babafemi, spokesperson for the NDLEA, noted that the […]
Technology giant Microsoft has declared that Nigeria is on track to become a global powerhouse in Artificial Intelligence (AI), highlighting the country’s youthful population, growing tech talent, and enabling government policies as key catalysts. The statement was made during the Africa Digital Future Summit held in Abuja, where top executives, government officials, and innovators gathered […]
STATE HOUSE PRESS RELEASE President Bola Ahmed Tinubu has assented to the Nigerian Insurance Industry Reform Bill, 2025 — a landmark legislation to strengthen Nigeria’s financial sector and accelerate the nation’s march toward a $1 trillion economy. The Nigerian Insurance Industry Reform Act (NIIRA) 2025 repeals and consolidates several outdated insurance laws into a single, […]
Former England and Barcelona striker, Gary Lineker, has claimed that several top European football clubs backed out of signing Nigerian forward Victor Osimhen over concerns about his character despite the striker’s proven ability and high market value. Speaking on his podcast, The Rest Is Football, Lineker revealed that a number of scouts and executives […]
Minister of Aviation and Aerospace Development, Festus Keyamo, has defended the ongoing ₦712.3 billion reconstruction of Terminal One at the Murtala Muhammed International Airport (MMIA), Lagos, describing it as a transformative and strategic investment for Nigeria not merely a renovation. Keyamo made the remarks during a media briefing where he addressed concerns about the […]
