News & Updates

PZ Cussons Nigeria is looking to convert a $34.3 million debt to its parent group, PZ Cussons (Holdings) to equity. This will see the parent group increase its stake in PZ to 82.79 percent, from the current 73.27 percent. PZ Cussons, in its explanatory statement, disclosed that the outstanding loan from its parent group stands […]

The National Agency for Food and Drug Administration and Control (NAFDAC), Monday, February 10, 2025, raided EKUMI Drug Market in the Ariaria area of Aba, Abia State, where it discovered methamphetamine (Mpuru Mmiri), banned and some unregistered medicines in some shops in the market. Also discovered Monday, which was day-one of the raid, were Analgin […]

The Nigerian National Petroleum Company (NNPC) Limited through its subsidiary NNPC Gas Marketing Limited (NGML), has acquired a 15 percent equity stake in Starzs Gas Limited’s Compressed Natural Gas (CNG) mother station in Iwhrekan, Ughelli South Local Government Area of Delta State. The 2 million standard cubic feet per day (2mmscf/d) facility, estimated at over […]

Nigerians in Canada seeking job opportunities can find valuable career and employment information, targeted referrals and free resources in and around Calgary from community partners. This includes workshops, employment, and training programmes offered by various community organisations, non-profit agencies, colleges, private schools, businesses, and employer organisations. Here are some of them: Job fairs Mar 12| […]

Gov Sim Fubara (right); in a handshake with Orukwem Amadi-Oparaeli, Managing Director of Rivers State Waste Management Agency (left); during the swearing-in ceremonies … Demands innovative approaches that may generate income Gov Sim Fubara of Rivers State says the era of open waste dumping system is over. He has thus charged the new board he […]

In January 2025, African startups raised a record $289 million in funding, a 240% increase from $85 million in January 2024. This surge in investment makes January 2025 the second-best month for startup funding in six years, surpassed only by January 2022, when Africa’s funding boom reached its peak. The bulk of the funding, $262 […]

Sometime in 2017 or so when the Peoples Democratic Party (PDP) was embroiled in leadership tussle between Alhaji Alli Modu Sherrif and Alhaji Makarfi over the issue of who’s the authentic National Chairman of the party, it was the Supreme Court of Nigeria that settled the issue once and for all. Relative peace returned to […]

…plan food hubs to tackle inflation Governors of the six South-West states- Lagos, Ogun, Osun, Ekiti, Oyo and Ondo, on Thursday, agreed to set up a new joint security outfit to tackle new waves of insecurity in the region. There have been concerns in recent months over alleged movement of bandits and suspected terrorists from […]

…says M&A activity, licence downgrades likely among third-tier banks Fitch Ratings has said that Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements. The rating agency noted that the banks are generally on track to meet the end-of-first quarter (Q1) 2026 deadline. This is supporting a recovery in […]

Obiora Okonkwo, Founder and Chairman of United Nigeria Airlines on Wednesday said air passengers have recently become the biggest challenge of airline operators. “I can tell you that our biggest challenge as operators is the passengers. The passengers whom we strive day and night to service and please are the same people who will turn […]