The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that the long-awaited Cabotage Vessel Financing Fund (CVFF) will be disbursed under an eight-year repayment plan with a single-digit interest …
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Custodian Investment Grows Profit by 133%, Pays ₦60.67bn Before Tax in 2024
Custodian Investment Plc has recorded a major profit jump, ending the 2024 financial year with a profit before tax of ₦60.67 billion. This marks a 133 per cent increase from …
- BusinessBusiness InsightsEnergyMarketsNigeriaTechnologyWestern Africa
Itel Solar Energy Opens First Nigerian Hub at Alaba Market, Targets Affordable Power for Homes, Businesses
Itel Solar Energy has launched its first official sales and service hub in Nigeria, setting up shop at the popular Alaba International Market in Lagos. The company said the move …
- Banking, Finance & InvestmentEconomyEnergyGOVERNMENTInfrastructureNigeria
Kebbi Govt, First Bank Partner on Industrialisation, Mining and Infrastructure
The Kebbi State Government has entered into a strategic partnership with First Bank Nigeria Plc. to boost industrialisation, mining, and infrastructure development in the state as part of its broader …
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FG Launches Reform Plan, Deploys Special Teams to Underperforming Discos
The Federal Government has begun a pilot programme to restructure underperforming electricity distribution companies (Discos) in a bid to overhaul Nigeria’s struggling power distribution sector. This marks the most decisive …
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Customs Agents Kick as French Shipping Firm CMA/CGM Imposes $100 Surcharge on Nigeria-Bound Cargoes
Licensed customs agents in Nigeria have raised serious concerns following the introduction of a $100 Peak Season Surcharge by French shipping giant CMA/CGM on all twenty-foot equivalent unit (TEU) containers …
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UM6P Hosts DeepTech Summit, Spotlights Africa’s Innovation Strength
The University Mohammed VI Polytechnic (UM6P) in Morocco has once again positioned itself as a centre for innovation in Africa, following the successful hosting of the second edition of the …
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CBN Tightens Forex Rules as Naira Faces Pressure, Speculators Struggle
The Central Bank of Nigeria (CBN) is now taking tougher actions in the foreign exchange market, aiming to stop speculators and bring more stability to the naira. These fresh efforts …
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PiggyVest vs Cowrywise vs FairMoney: Which Savings App Is Best for Nigerians in 2025?
In an era where financial stability is paramount, and the economic landscape of Nigeria continues to evolve, the way we save and manage our money has undergone a significant transformation. …
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The Role of AI in Writing: A Comparison of ChatGPT, Jasper, and Grammarly for African Professionals and Creators
The increasing use of digital platforms across Africa has led to a greater need for well-written content. From social media to business documents, clear and effective communication is essential. Artificial …