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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up to our free breaking news emailsThe movie trailer begins with an outline of the iconic glasses worn by Mohandas Gandhi, the leader who helped India win independence from the British colonialists in 1947. In the backdrop of a devotional song that Gandhi loved, the outline slowly morphs into what appears like his face.Then, a raucous beat drops, followed by a rap song. A face is finally revealed: not Gandhi, but an…

The Head of the United State Embassy in Nigeria, David Greene, says the United States’ government has for over five years invested about $200 million in food security in Nigeria through its international development agency. The official made the disclosure Thursday while delivering his remarks during the launch of the US government’s Global Food Security Strategy Country Plan for Nigeria in Abuja. “USAID invested almost $200 million in agriculture over the last five years to improve food security and build…

A member of the Central Bank of Nigeria‘s Monetary Policy Committee (MPC), Murtala Sagagi, has highlighted the complex nature of Nigeria’s inflation challenges. According to him, mere monetary policy readjustments will have a limited impact on inflation rates without simultaneous efforts to tackle the underlying issues of insecurity and food shortages. According to his statement during the last MPC meeting held between 26 and 27 February, the country needs a comprehensive approach to tackle inflationary pressure.…

The PowerUp Initiatives for Electricity Rights (PowerUp Nigeria) has urged the Federal Executive Council (FEC) to revive the award of a N12.7 billion meter installation contract to De Haryor Global Services Limited. Adetayo Adegbemle, executive director of PowerUp Nigeria, made the call in a statement on Wednesday. PowerUp Nigeria is an electricity consumer rights and policy advocacy organization. The Nigerian government had earlier in the week announced the flag-off of a N40 billion mass metering project to end…

Moove, a mobility fintech startup, announced Tuesday it has raised $100 million in Series B funding. The round, led by Uber, includes contributions from its previous investor Mubadala, as well as new investors such as The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa. BofA Securities provided strategic financial guidance for the deal. The investment, according to the startup, will enable it to scale globally, extending its operations to 16 markets by the end of 2025.…

The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed in its latest report that a total of N10.143 trillion was shared among the federal government, states, and local government councils from the federation account as statutory revenue allocations in 2023. According to a statement released Tuesday by its spokesperson, Obiageli Onuorah, the disclosure aims to enhance public accountability in the country’s public finance. She said the Executive Secretary of NEITI, Orji Ogbonnanya, made this…

Consumer goods giant Unilever has announced plans to cut around 7,500 jobs globally as part of an overhaul aimed at saving around 684 million euros (869 million dollars) over the next three years. The Marmite-to-Dove soap firm said the jobs affected were largely office-based and that the move came as it looked to invest in technology to boost productivity and save money. The group said staff would be consulted about the cuts but did not reveal where they will be made. The jobs were expected to go over the next…

The Nigerian Communications Commission (NCC) said voice and data services affected by undersea cable cuts have been restored. The NCC said this in a statement signed by Reuben Muoka, the director of public affairs of the commission, on Monday. Last Thursday, Nigerians including telecommunications companies, banks, and media among others were hit by an internet outage as a result of damage to international undersea cables supplying them with connectivity. Confirming the incident, the NCC said the damage affected…

A group, under the auspices of the Ekiti Tax for Service, has demanded transparency in the implementation of the N1.4 billion earmarked for the Ekiti International Cargo Airport in the 2024 budget and other provisions in the appropriation. The Tax for Service policy group, which comprises the Nigerian Bar Association (NBA), Civil Society Organisations (CSOs), the Nigerian Union of Teachers (NUT), FIDA, artisans, hoteliers, market women, and traditional chiefs, among others, said that tax payment would not be…

Access Holdings has chosen Aigboje Aig-Imoukhuede as its chairman. He had served as the pioneer CEO of Access Bank, the group’s commercial banking division before it evolved into a holding company. He and Herbert Wigwe bought Access Bank in 2002 and transformed it into Nigeria’s biggest lender by market value. From the year of its acquisition to 2013, Mr Aig-Imoukhuede managed the bank, assisted by Mr Wigwe, the managing director of Access Holdings, who died in a chopper crash in the US last month aged 57.…