Author: Ogochukwu Ndubuisi

Credite Capital Declares N70m Dividend, Plans N1bn Capital Base Credite Capital Finance and Investment Ltd. has declared a N70 million dividend payout to shareholders, representing a 71 per cent increase over the previous payout. The company’s Managing Director, Mr Segun Ogunleye, announced this at its ninth Annual General Meeting (AGM) held in Lagos on Friday. Ogunleye said the dividend translated to 23 kobo per share, compared with 17 kobo declared in the previous financial year. “Today, we are declaring a N70 million dividend payout to our shareholders, representing 23 kobo per share. “This is higher compared with what we declared…

ACCI Advocates Creative Economy Zones Prof. Adesoji Adesugba, First Deputy President, Abuja Chambers of Commerce and Industry (ACCI), has advocated the creation of creative economic zones. Adesugba also urged improved financing and stronger copyright enforcement to boost Africa’s creative economy. This is contained in a statement issued by Mrs Olayemi John-Mensah, Media and Strategy Officer, Abuja Chamber of Commerce and Industry (ACCI), on Friday in Abuja. The statement had as its theme: “The Powered Africa: Creativity, Innovation and Transformation.” Adesugba, also Founder and Chairman of ACCI’s Business Entrepreneurship, Skills and Technology (BEST) Centre, said the measures would help African creators…

Nigeria Identifies Two Suspected Ebola Cases in North-East Says NCDC The Nigeria Centre for Disease Control and Prevention (NCDC) on Saturday said that Nigeria has identified two suspected cases of Ebola disease in the North-East region, with both individuals isolated as investigations and laboratory testing continue. The agency said in a post on its official X handle that the suspected cases are undergoing laboratory testing to determine whether they have Ebola disease, while health authorities have commenced contact identification and listing. The agency said that, however, the classification of the individuals as suspected cases does not mean they have been…

Abia has Repaid Over N90bn Debt in 3 years — Otti Gov. Alex Otti of Abia says his administration has repaid over N90 billion of the state’s N147.2 billion debt since he assumed office in 2023. Otti disclosed this during his monthly media chat, held at the Michael Okpara Auditorium, Umuahia, on Friday night. He said that his administration would always utilise the state’s resources effectively. The governor said that the Debt Management Office (DMO) put the state’s debt profile at N147.2 billion in the second quarter of 2023. According to him, the figure has dropped significantly to N48.6 billion…

Power Sector Privatisation Failed Due to Tariff, Process Abuses- Nnaji A former Minister of Power, Prof. Barth Nnaji, has identified tariff challenges, irregularities in the privatisation process and investors’ quest for quick returns as major factors responsible for the failure of Nigeria’s power sector privatisation. Nnaji, Chairman and Chief Executive Officer of Geometric Power, spoke at the third edition of the Lagos Country Club Business Forum on Friday evening in Lagos. The forum had the theme, “Energy Costs and Business Survival”. He said that one of the major challenges facing Distribution Companies (DisCos) was the failure of government to allow them…

Obasanjo Cautions Against Uncontrolled AI, Urges Local Solutions Former President Olusegun Obasanjo has warned against the dangers of uncontrolled Artificial Intelligence (AI), urging Nigeria to build the capacity to deploy the technology to address grassroots challenges. Obasanjo gave the warning on Friday in Abeokuta at the Ajibosin 3.0 Annual Symposium, themed: “Leveraging Artificial Intelligence to Solve Grassroots Problems and Accelerate National Development.” He said although he lacked technical knowledge of AI, its potential misuse underscored the need for Nigerians to understand and exercise control over the technology. “I don’t know too much technically about AI, I don’t. But I know…

2027: Atiku’s Son Unveils Plan for Tinubu’s Re-Election ​‌‍⁠‌‍⁠⁠‍‌‍Abba Abubakar, son of former Vice-President Atiku, on Friday unveiled his 2027 mobilisation plan in the six geo-political zones for the re-election of President Bola Tinubu. The former vice-president’s son, who is the founder and chairman of Haske Bola Tinubu Organisation (HBTO), a political mobilisation and support platform in Abuja at the All Progressives Congress (APC) National Secretariat, had earlier defected to the party. “Looking ahead, HBTO is preparing for an ambitious nationwide political mobilisation programme. “As part of this strategy, we intend to commence a two-million-man mobilisation march across Nigeria’s six…

FG Begins N50,000 Monthly Cash Relief Payment to Vulnerable Nigerians ​‌‍⁠‌‍⁠⁠‍‌‍‌‍Federal Government has commenced a monthly cash relief programme, offering N50,000 to vulnerable households to cushion the effects of rising living costs. The Minister of Humanitarian Affairs and Poverty Reduction, Dr Bernard Doro, announced this in a statement issued on Friday in Abuja. Doro said the National Emergency Relief and Stabilisation Intervention (NERSI) is a presidential initiative aimed at providing immediate financial support to millions of vulnerable Nigerians. He explained that the intervention was introduced in response to global food inflation and the rising cost of essential goods, which had…

Oil prices rose Friday after reports that US President Donald Trump had been briefed on options for military action against Iran renewed concerns about Middle East oil supplies.

The United Nations has called for annual global ecosystem restoration financing to rise to $ 296 billion by 2030 to reverse environmental degradation.