First Bank Appoints Alebiosu Acting MD First Bank of Nigeria, one of the country’s oldest and most prestigious financial institutions, has made a sudden change in leadership with the appointment of Mr. Alebiosu as the acting Managing Director (MD), with effect from April 2024. The bank...

FG to Roll Out 2,700 CNG Buses, Tricycles Next Month The Presidency has said it is set to launch about 2,700 Compressed Natural Gas-powered buses and tricycles before May 29 when President Bola Tinubu turns one year in office. It said the federal government was set...

Nigerian Products will Add Value to your Markets - Tinubu Tells Korean Envoy President Bola Tinubu has said Nigeria's investment climate has been bolstered by critical new reforms, with an array of opportunities across sectors for investors. Speaking during the presentation of a letter of credence...

Nigeria's Economy May Drop to Fourth Largest in Africa – IMF Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations, International Monetary Fund forecasts show. The IMF’s World Economic Outlook as...

$30bn Required as Financial Institutes Partner to Provide 300m Africans Electricity The World Bank and African Development Bank (AfDB) have struck a partnership arrangement to boost access to electricity in Africa. The partnership, according to the lenders, would provide at least 300 million people in Africa...

Federation Account Gets N7.3tn in Six Months – RMAFC The Revenue Mobilization Allocation and Fiscal Commission has disclosed that a total sum of N7.3tn accrued into the Federation Account between July and December 2023, indicating an increased revenue inflow. It said the amount shared by the...