TMV Lauds Alake for Reviving Mining Sector

THE Tinubu Media Volunteers (TMV) on Monday applauded Mr Dele Alake, the Minister of Solid Minerals Development, for revolutionising the solid minerals sector in the country. Mr Chukwudi Enekwechi, the Chairman of TMV, said in a statement that the minister had succeeded in breathing life into an all-important sector that …

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Access Bank to Support MSMEs, Women With $100m Facility

ACCESS Bank Plc has secured a $100 million loan facility with a consortium of Development Finance Institutions (DFIs) led by the German DFI DEG – Deutsche Investitions – to support privately-owned MSMEs, small corporates, and family-owned businesses across Nigeria. Access Bank said the facility was secured to promote female entrepreneurship …

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Gunmen “abduct” Zeta-Web MD in Lagos Over “kingship Tussle”

GUNMEN suspected to be security operatives have reportedly abducted Chris Anaelechi Obasi, the managing director of Zeta-Web Nigeria, from his Lagos residence. The incident occurred on Wednesday around 8 pm. on Graceland estate in Ajah. Ada Francis, Obasi’s younger sibling, said on Friday that the gunmen lured the MD through …

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Senate Passes bill Mandating MDAs to Procure made-in-Nigeria Vehicles

THE Senate has approved the Local Automotive Industry Patronage Bill, 2025. The bill mandates all ministries, departments, and agencies (MDAs) to exclusively procure vehicles manufactured within Nigeria. The bill, sponsored by Senator Patrick Ndubueze (Imo North), aims to boost local automotive production, create jobs, and reduce dependency on imported vehicles. …

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Naira trades N1,598/$ at official market

THE naira ended the trading week on a positive note, recording a bullish close at the foreign exchange market on Friday, May 16, 2025. The naira appreciated to N1,598.72 against the United States dollar, reflecting a modest gain that suggests continued efforts to stabilise the local currency. According to figures …

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World Bank Backs Malawi Mega Dam

THE World Bank has approved a $350 million grant for the Mpatamanga Hydropower Storage Project, a landmark initiative expected to double Malawi’s hydropower capacity and extend electricity access to over one million households. The financing was confirmed in a statement issued late Thursday by the Bank, which described the project as a …

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