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MTNN Shareholders Approve N152bn Fintech Restructuring Deal

Shareholders of MTN Nigeria have approved restructuring of the company’s fintech operations with the transfer of majority ownership of its digital financial services businesses to its parent company, MTN Group, in a transaction worth N152.06 billion. The approval was granted on Thursday at the company’s Annual General Meeting (AGM) in …

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Tinubu appoints Babalola Power Adviser, Taskforce Chairman

President Bola Tinubu has appointed Mr Rilwan Babalola as Special Adviser on Power and Chairman of the newly constituted Presidential Taskforce on Power Sector Reset and Restoration. This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga, on Thursday in Abuja. The president also redesignated the Office …

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NEPC trains SMEs, MSMEs in Kano to Boost Export Readiness

The Nigeria Export Promotion Council (NEPC) says it is committed to building the capacity of Small and Medium Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs) to make them export-ready. Hajiya Amina Abdulmalik, North West Regional Coordinator of Nigerian Export Promotion Council (NEPC), stated this on Thursday in Kano …

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Stock market rakes in N5.6trn gain, market cap hits N152trn

The Nigerian stock market closed on a bullish note on Wednesday, recording a gain of N5.554 trillion for investors at the end of the trading session. The rally was driven by increased investor interest in high- and mid-cap stocks, including Airtel Africa, Zichis Agro Allied Industries, UAC of Nigeria, CAP, …

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Workers’ Day: FG declares Friday, Public as Holiday

The Federal Government has declared Friday as public holiday to enable workers celebrate International Workers’ Day. The Minister of Interior, Dr Olubunmi Tunji-Ojo, made the announced on behalf of the Federal Government. This is contained in a statement by the ministry’s Permanent Secretary, Magdalene Ajani, on Wednesday in Abuja. Tunji-Ojo …

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Tinubu Endorses Hamzat as Lagos APC Consensus Governorship Candidate

President Bola Tinubu has endorsed Lagos State Deputy Governor, Dr Obafemi Hamzat, as the consensus governorship candidate of the All Progressives Congress (APC), for the 2027 election. Tinubu gave the endorsement on Wednesday after a meeting with members of the Governance Advisory Council (GAC) of the Lagos APC at the …

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Tinubu Appoints Odumegwu-Ojukwu Foreign Affairs Minister

President Bola Tinubu has appointed Mrs Bianca Odumegwu-Ojukwu as Minister of Foreign Affairs, following the resignation of Amb. Yusuf Tuggar. This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga, on Wednesday in Abuja. Tuggar had resigned to participate in the 2027 general elections. Odumegwu-Ojukwu previously served …

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