FLASH: First HoldCo Denies Otedola, FG Involvement In N323.4bn Share Sale

First HoldCo Plc has officially denied reports linking its chairman, Femi Otedola, to the recent N323.4bn block sale of its shares, clarifying the actual parties involved in the transaction. In a statement signed by the First HoldCo’s Company Secretary, Adewale Arogundade, on Friday, the company addressed rumours circulating in the print and digital media about…

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Nigeria Now Produces Military-grade Bombs, Assault Rifles, Drones – Echefu

As Nigeria continues to battle threats from insurgency, banditry, and cross-border terrorism, a security expert, Dr. Bright Echefu, has disclosed that Nigeria now produces military-grade bombs, drones, and other advanced surveillance equipment locally. He attributed the development to deliberate government policies aimed at promoting indigenous solutions to national security challenges. Echefu, who is the Chairman…

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FG Partners NEPZA, Dangote Refinery To Slash Petrol Prices, Strengthen Naira 

The Nigeria Export Processing Zones Authority, the Federal Government’s One-Stop-Shop Committee on Crude Sales in Naira, and the Dangote Refinery and Petrochemicals Free Zone Enterprise have agreed to fast-track the implementation of a presidential directive aimed at achieving full energy security through the naira-denominated sale of crude to local refineries. The strategic alliance, forged on…

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APPLY: FG, Meta Launch 8-month AI Programme For Startups

Meta has partnered with the federal government to launch the Llama Impact Accelerator, an eight-month artificial intelligence (AI) programme aimed at supporting Nigerian startups. In a statement on Monday, Meta said the initiative is being executed in collaboration with the ministry of communications, innovation and digital economy (FMCIDE), the National Centre for Artificial Intelligence and…

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Financial Inclusion: FG Moves To Accelerate Cash Transfers To 15 Million Households

The federal government has commenced the implementation phase of its economic and financial inclusion strategy, which aims to improve access to economic opportunities for Nigerians. To this end, the government has established an inter-agency task force to address challenges delaying President Bola Tinubu’s approved conditional cash transfers to 15 million vulnerable households. Speaking yesterday, at…

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