Reps Investigate Alleged Abandoned N1.46bn Road Project in Kaduna

  THE House of Representatives Public Accounts Committee (PAC) on Tuesday, has opened investigation into alleged abandoned Gidanwaya-Guaran Dutse-Waman Rafi-Saminaka-Kano road project in Kaduna state worth N1.46 billion. The committee registered its displeasure during an investigative hearing on Tuesday in Abuja while quizzing the Permanent Secretary in the Federal Ministry …

Read More »

Senate Passes NDIC Bill to Safeguard Bank Depositors’ Fund

THE Senate on Tuesday at plenary passed  a bill to strengthen the capacity of  the Nigeria Deposit Insurance Corporation’s (NDIC) to safeguard depositors fund  and strengthen financial institutions in Nigeria. This followed adoption of report of Senate Committee on Banking, Insurance and other Financial Institutions on  the bill titled, “Nigeria …

Read More »

FirstBank Partners PCAF to Combat Climate Change

First Bank of Nigeria Ltd. has joined the Partnership for Carbon Accounting Financials (PCAF) to promote sustainable finance, combat climate change and advance sustainable socioeconomic development for the just transition. Ms Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications of the bank, diaclosed this in a statement on Tuesday in …

Read More »

Google Invests $5.8m to Boost AI And Cybersecurity Skills in Africa

GOOGLE has announced a significant new investment of $5.8 million to develop AI and cybersecurity skills across Africa, focusing on South Africa, Nigeria, and Kenya as primary beneficiaries. The tech giant’s latest commitment builds on its growing impact on South Africa’s digital economy, which, according to Google, generated an estimated …

Read More »

Moniepoint Becomes Unicorn With $110m to Expand Fintech

NIGERIA’S fintech firm Moniepoint has raised $110 million in fresh funding, backed by major investors including Google’s Africa Investment Fund, to accelerate its digital payments and banking services expansion across Africa. Announced on Tuesday, the funding also saw contributions from existing investors, London-based Development Partners International and private equity firm Lightrock, …

Read More »

AgDevCo’s $10m Investment Boosts Ghana’s Aquaculture Industry

SPECIALIST agriculture investor AgDevCo has announced a major investment of $10 million in Tropo Farms, Ghana’s leading tilapia producer and one of the largest aquaculture companies in sub-Saharan Africa. The long-term funding aims to enhance Ghana’s fish production capacity, providing a sustainable, high-quality alternative to wild-caught fish and reducing reliance …

Read More »