Author: Blessing Ajibuwa
Page: 4
Russian President Vladimir Putin has condemned recent strikes on Iran as “unprovoked” and “unjustified.” The comments came during a meeting with Iranian Foreign Minister Abbas Araghchi, amid escalating tensions in the region. Key Highlights – *Condemnation of Strikes*: Putin strongly condemned the strikes on Iran, calling them unprovoked and unjustified. – *Meeting with Iranian […]
The Bank of Industry (BOI) has launched its Sustainable Finance Framework to promote inclusive, climate-resilient growth and align its operations with global environmental, social, and governance (ESG) standards. The framework supports BOI’s 2025-2027 corporate strategy and emphasizes a triple-bottom-line approach focused on People, Planet, and Profit. Key Highlights – *Sustainable Finance Framework*: BOI’s new […]
The Lagos State Government has intensified its environmental enforcement by demolishing illegal structures at the Oko-Oba Abattoir in Agege. The abattoir was shut down indefinitely due to severe sanitation violations, including Oko-Oba meat handling and waste dumping. Key Highlights – *Demolition of Illegal Structures*: The Lagos State Government has demolished illegal structures at the […]
The Federal Airports Authority of Nigeria (FAAN) has announced plans to increase tariffs for service providers operating at its airports and phase out cash payments in favor of a fully automated, contactless payment system. This move aims to improve revenue generation and modernize the authority’s operations. Key Highlights – *Tariff Increase*: FAAN plans to […]
The United States has called on China to use its influence to stop Iran from closing the Strait of Hormuz, a vital waterway for global oil shipments. This appeal comes amid escalating tensions between the US and Iran, following US airstrikes on Iranian nuclear facilities. Key Highlights – *Strait of Hormuz*: A critical passage […]
Point of Sale (POS) terminals in Nigeria processed a staggering N223.27 trillion worth of transactions in 2024, more than doubling the N110.35 trillion recorded in 2023. This significant surge reflects a growing preference among Nigerians for POS platforms over traditional Automated Teller Machine (ATM) withdrawals. Key Highlights – *POS Transaction Value*: N223.27 trillion in […]
A proposed innovation bill in Lagos aims to create a centralized hub where tech entrepreneurs, universities, venture capitalists, and research labs collaborate to foster groundbreaking ideas. Modeled after Germany’s Fraunhofer Institute, the initiative would enable university graduates to experiment with innovative concepts while attracting funding from venture capitalists. Tubosun Alake, Lagos State Commissioner for Innovation, […]
The Bank of Industry (BOI) has launched its Sustainable Finance Framework, designed to drive inclusive and climate-resilient growth in Nigeria. This framework aligns with BOI’s 2025-2027 corporate strategy, prioritizing long-term development impact, environmental stewardship, social inclusion, and creating shared value. By supporting businesses committed to sustainable practices, the framework aims to unlock access to blended […]
Global manufacturers are reviving “tariff engineering” to reduce duties by altering product designs, materials, or dimensions. This legal strategy allows companies to bypass higher costs while staying compliant with trade regulations, reshaping how businesses navigate the global market. Key Highlights – *Tariff Optimization*: Companies are using tariff engineering to optimize their supply chains and […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has suspended its strike following the Lagos State Government’s commitment to negotiate the contentious N12,500 electronic call-up levy on tankers along the Lekki-Epe corridor. The strike was paused after the state agreed to engage IPMAN’s National Executive Committee and the Nigerian Association of Road Transport Owners (NARTO) […]
