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- April 3, 2025
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MTN Nigeria vests 1,303,029 shares in 33 executives
MTN Nigeria Communications Plc has vested 1,303,029 shares in 33 executives in the company. This was indicated in multiple corporate disclosures filed with the Nigerian Exchange Limited, which showed that the vesting of the shares was done in Lagos, mostly between March 26 and 28, 2025. Vesting allows employees to earn shares in a company
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MTN Nigeria Communications Plc has vested 1,303,029 shares in 33 executives in the company. This was indicated in multiple corporate disclosures filed with the Nigerian Exchange Limited, which showed that the vesting of the shares was done in Lagos, mostly between March 26 and 28, 2025. Vesting allows employees to earn shares in a company
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- April 3, 2025
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Lynched travellers: Edo politician condemns killings, slams police over insecurity
A senatorial aspirant under the Labour Party in Edo State, Paul Okojie, has condemned the recent mob killings of 16 Northerners in Uromi, Edo State, blaming the police for the incident. In a press statement Tuesday, Okojie said that the victims who were burnt alive by an irate mob were targeted in response to growing
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A senatorial aspirant under the Labour Party in Edo State, Paul Okojie, has condemned the recent mob killings of 16 Northerners in Uromi, Edo State, blaming the police for the incident. In a press statement Tuesday, Okojie said that the victims who were burnt alive by an irate mob were targeted in response to growing
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- April 3, 2025
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Worika’s appointment as SSG, call to service – N’Delta activist
The recent appointment of Professor Ibibia Lucky Worika as the Secretary to the Rivers State Government has generated reactions from various quarters, particularly within the Ijaw and riverine communities to which he belongs. But an Ijaw ethnic nationalist and former Nigerian international athlete, Deinma Afiesimama, has described his appointment and acceptance to serve as a
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The recent appointment of Professor Ibibia Lucky Worika as the Secretary to the Rivers State Government has generated reactions from various quarters, particularly within the Ijaw and riverine communities to which he belongs. But an Ijaw ethnic nationalist and former Nigerian international athlete, Deinma Afiesimama, has described his appointment and acceptance to serve as a
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- April 3, 2025
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W’Bank lends Nigeria $1.08bn for education, nutrition, economic boost
The World Bank has approved three financing operations totalling $1.08bn to support education, nutrition, and economic resilience in Nigeria. According to a statement on the bank’s website on Wednesday, the concessional loans are aimed at improving the quality of education, building household and community resilience, and enhancing nutrition for underserved groups. The statement read, “The
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The World Bank has approved three financing operations totalling $1.08bn to support education, nutrition, and economic resilience in Nigeria. According to a statement on the bank’s website on Wednesday, the concessional loans are aimed at improving the quality of education, building household and community resilience, and enhancing nutrition for underserved groups. The statement read, “The
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- April 3, 2025
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CBN refutes new N5,000, N10,000 banknotes report
The Central Bank of Nigeria declared as fake a report that it had introduced new N5,000 and N10,000 banknotes. In a post on its Instagram page on Wednesday, the bank said that the report did not originate from it. “The content is not from the Central Bank of Nigeria. Kindly note that the official website
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The Central Bank of Nigeria declared as fake a report that it had introduced new N5,000 and N10,000 banknotes. In a post on its Instagram page on Wednesday, the bank said that the report did not originate from it. “The content is not from the Central Bank of Nigeria. Kindly note that the official website
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- April 3, 2025
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Nigeria welcomes Air Algérie’s inaugural flight to Abuja
The Ministry of Foreign Affairs on Wednesday announced the launch of Air Algérie’s inaugural direct flight service from Algiers to Abuja, scheduled for April 6, 2025. This marks a step in strengthening the diplomatic and economic ties between Nigeria and Algeria. According to a statement signed by the acting spokesperson for the ministry, Kimiebi Ebienfa,
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The Ministry of Foreign Affairs on Wednesday announced the launch of Air Algérie’s inaugural direct flight service from Algiers to Abuja, scheduled for April 6, 2025. This marks a step in strengthening the diplomatic and economic ties between Nigeria and Algeria. According to a statement signed by the acting spokesperson for the ministry, Kimiebi Ebienfa,
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- April 3, 2025
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Communities issue 14-day ultimatum to shut down oil production
Nigeria’s oil production faces a fresh crisis as host communities in Bayelsa State’s coastal region have issued a 14-day ultimatum to NNPC Exploration & Production Limited, threatening to shut down operations at Oil Mining Leases 86 and 88 if their grievances over security contracts are not addressed. The ultimatum, conveyed in a letter dated March
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Nigeria’s oil production faces a fresh crisis as host communities in Bayelsa State’s coastal region have issued a 14-day ultimatum to NNPC Exploration & Production Limited, threatening to shut down operations at Oil Mining Leases 86 and 88 if their grievances over security contracts are not addressed. The ultimatum, conveyed in a letter dated March
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- April 3, 2025
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Stakeholders task new NNPCL GCEO on transparency
The Nigeria Extractive Industries Transparency Initiative has urged the newly appointed Group Chief Executive Officer of the Nigeria National Petroleum Corporation Limited, Mr Bayo Ojulari, to entrench a solid practice of corporate governance in the company by prioritising the timely publication of the company’s financial statements. It emphasised that full transparency in the disclosure of
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The Nigeria Extractive Industries Transparency Initiative has urged the newly appointed Group Chief Executive Officer of the Nigeria National Petroleum Corporation Limited, Mr Bayo Ojulari, to entrench a solid practice of corporate governance in the company by prioritising the timely publication of the company’s financial statements. It emphasised that full transparency in the disclosure of
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- April 3, 2025
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FG, UNIDO boost industrial development with $174.59m
The Federal Government and the United Nations Industrial Development Organisation have signed a $174.59m Programme for Country Partnership agreement to boost Nigeria’s industrial development. According to a press statement by Mrs Julie Osagie-Jacobs, Director of Information and Public Relations at the Ministry of Budget and Economic Planning, on Wednesday, the agreement, which will run for
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The Federal Government and the United Nations Industrial Development Organisation have signed a $174.59m Programme for Country Partnership agreement to boost Nigeria’s industrial development. According to a press statement by Mrs Julie Osagie-Jacobs, Director of Information and Public Relations at the Ministry of Budget and Economic Planning, on Wednesday, the agreement, which will run for
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- April 3, 2025
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Africa Energy Bank misses March take-off target
The Africa Energy Bank failed to begin operations in March as promised by the Minister of State for Petroleum Resources, Heineken Lokpobiri. In February, Lokpobiri said the building hosting the bank in Abuja, the Federal Capital Territory, was receiving finishing touches. “We are very proud that as part of our commitment to host the Africa
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The Africa Energy Bank failed to begin operations in March as promised by the Minister of State for Petroleum Resources, Heineken Lokpobiri. In February, Lokpobiri said the building hosting the bank in Abuja, the Federal Capital Territory, was receiving finishing touches. “We are very proud that as part of our commitment to host the Africa
