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BOI appoints capital firm to manage $170.6m iDICE Fund for Nigerian Startups
Bank Of Industry (BOI) has appointed the Kuramo Capital Management as Fund Manager of the $170.6 million iDICE Fund. The iDICE Fund of Funds is a landmark investment vehicle aimed at expanding venture capital financing for technology and creative start-ups across…
NASENI launches community, skills empowerment scheme to drive human capital development
National Agency for Science and Engineering Infrastructure (NASENI) has launched a nationwide Community Empowerment and Skills Development Programme designed to equip young Nigerians and women with practical, market-driven skills for the modern economy. The ambitious initiative was officially flagged off in…
FG effects Green Tax, drops import tariff on 127 items to ease cost of living
Newly-introduced Green Tax policy of the federal government has effectively kicked off with the total exemption of import duty on electric (EVs) and compressed natural gas (CNG) powered vehicles. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele,…
Amid distribution shortfalls, DisCos recover N597.6bn electricity debts from customers
Amid erratic service supply to customers nationwide, the country’s electricity distribution companies (DisCos) have reported the second-highest quarterly revenue collection over the past five quarters, in the first quarter of 2026. According to data from the sector’s regulator, the revenue boost…
FG steps in to clear N39.63bn pension liabilities of 24,814 retirees
Federal Government, through the Pension Transitional Arrangement Directorate (PTAD) has disbursed N39.63 billion to clear outstanding pension liabilities for 24,814 eligible retirees under the Defined Benefit Scheme (DBS). PTAD completed the disbursement following a directive from the Minister of Finance…
Saudi Arabia to slash oil prices, as market edges to post- COVID-19 era
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the Strait of Hormuz and the oil supply increase from the region….
NRC suspends Kajola-Apapa train service from July 6
Nigerian Railway Corporation (NRC) has announced suspension of its Kajola-Apapa passenger train service for three weeks to enable it to carry out scheduled maintenance on locomotives and coaches. Managing Director/Chief Executive Officer of NRC, Dr Kayode Opeifa, who made this known…
FG draws fresh $1.25bn World Bank loan to finance job creation programme
World Bank has granted approval to a fresh $1.25 billion loan request by the Federal Government under its Nigeria Actions for Investment and Jobs Acceleration programme. The approval was confirmed in a statement made by the World Bank on Wednesday, along…
SMEDAN secures $12bn S/Korea commitment to establish skills acquisition facility
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has secured a $12 billion commitment from South Korea to establish a Skills Acquisition Centre in Abuja, as part of efforts to strengthen entrepreneurship and boost small businesses across Nigeria. This is…
Diezani: When spirited woman is caught in the web of power
Sopuruchi Onwuka The acquittal of former Petroleum Minister Diezani Alison-Madueke by a London jury after more than a decade of investigations and legal battles has reopened a larger conversation about one of the most consequential and controversial figures in the…
