International trade offers numerous socio-economic and political benefits, such as revenue generation, fostering relationships between nations, and ensuring optimal resource allocation. Free trade, in particular, should encourage political and economic cooperation globally. However, the reality under President Donald Trump’s administration has deviated from this ideal, as his stance on trade tariffs signals a shift from
Chief Osita Chidoka, the former Minister of Aviation, has praised Sterling Bank for its bold move to eliminate local transfer charges, even expressing his intention to reward the bank for setting an example that other major banks in Nigeria have yet to follow. On Friday, Chidoka opened a personal account with the bank in a
The Federal Government is poised to receive the first batch of 3,205,101 meters aimed at bridging Nigeria’s electricity metering gap. A statement issued by the Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Adebayo Adelabu, Bolaji Tunji, revealed that the first batch will consist of 75,000 meters, expected to arrive
FCMB Group has announced impressive growth in its digital business, with digital revenues increasing by 69.2% from N60.3 billion to N101.9 billion for the year ending December 31, 2024. The bank’s performance was highlighted in its audited financial results, filed with the Nigerian Exchange Limited (NGX) on Friday. In the period under review, FCMB Group
I begin by acknowledging the commendable initiative of Governor Charles Soludo in encouraging Anambra people in Lagos State to bring their investments back home. His “Anambra Homeland Consciousness Initiative,” launched at Villa Park, Amuwo Odofin, Lagos, is an appeal to Anambra people to help transform the state into a thriving and enviable place for both
Demola Aderibigbe, Chief Executive Officer and Lead Innovator at Lalaa Consulting, has emphasized the importance of creativity and innovation for small and medium-sized enterprises (SMEs) in Nigeria, warning that without embracing these elements, they risk being left behind by dominant industry players. Aderibigbe made this statement during the inaugural edition of the Academy of Creativity,
Dangote Industries Limited has reiterated its commitment to ensuring Nigeria’s self-sufficiency in cement production and petroleum refining. This pledge comes as the company continues to expand its industrial footprint across Africa, with a focus on bolstering local production capacity and reducing reliance on imports. In the cement sector, Dangote Industries has significantly increased Nigeria’s production
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Nigerian National Petroleum Company Limited (NNPC Ltd.) to activate the “Petroleum Products Passport” platform nationwide. This move is aimed at improving the security and accountability of petroleum products from depots to retail outlets. The Petroleum Products Passport is a document that
Chief Osita Chidoka, the former Minister of Aviation, has praised Sterling Bank for its bold move to eliminate local transfer charges, even expressing his intention to reward the bank for setting an example that other major banks in Nigeria have yet to follow. On Friday, Chidoka opened a personal account with the bank in a
Several retirees of African Alliance Insurance (AAI) have voiced their frustration over the non-payment of their annuity, a situation that has severely impacted their well-being. The retirees revealed that they have not received their monthly annuity payments since last year, with some even struggling to meet basic needs. The situation began after the National Insurance
