ITFC and Egypt Sign $1.5 Billion Trade Finance Agreement to Boost Energy, Food Security, and SMEs

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed its 2025 annual work program with the Arab Republic of Egypt, securing $1.5 billion in funding.

LG Electronics Wins Big at CES 2025, Announces Cutting-Edge Products for Nigeria

LG Electronics has reinforced its status as a global technology leader by earning over 100 prestigious awards at CES 2025. Celebrated for groundbreaking innovations across multiple categories, LG continues to push the boundaries of technology with consumer-focused solutions that set new industry standards.

MTN Nigeria Gains as Investors Bet on Telecom Stock Ahead of Earnings

MTN Nigeria Plc saw an uptick in the equities market on Monday as investors ramped up interest in the telecom stock ahead of its Q4 2024 earnings report. Data from the Nigerian Exchange (NGX) revealed that the stock climbed 1.24% to close at N253.1, with over 2.8 million shares traded.

Federal Government to Overhaul Bank of Agriculture for Economic Growth

The Federal Government has reiterated its commitment to restructuring and recapitalizing the Bank of Agriculture (BoA) as part of broader efforts to strengthen the economy and improve food security.

Afriland Properties Appoints Azubike Emodi as New MD/CEO

Afriland Properties Plc has appointed Azubike Emodi as its new Managing Director (MD) and Chief Executive Officer (CEO).

African Union and AFRIMA Strengthen Ties with Formal Partnership Agreement

On Wednesday, January 29, 2025, the African Union (AU) and the All-Africa Music Awards (AFRIMA) solidified their long-standing partnership by signing a Memorandum of Understanding (MoU) that reinforces their shared commitment to advancing Africa’s creative and cultural industries, particularly in music.

LG Smart TV Owners to Receive Major webOS Upgrade, Bringing a Fresh Experience to Older Models

LG Electronics (LG) is rolling out its latest webOS smart TV upgrade, transforming older LG 4K and 8K Smart TVs into cutting-edge home entertainment hubs.

CBN Extends Forex Sales to Bureau de Change Operators Until May 30

The Central Bank of Nigeria (CBN) has extended the deadline for foreign exchange (FX) sales to Bureau de Change (BDC) operators by four months, moving the initial January 31 deadline to May 30.

Arsenal, Bayern, and PSG Urged to End ‘Visit Rwanda’ Sponsorship Amid DRC Conflict

The Democratic Republic of Congo (DRC) has called on Arsenal, Bayern Munich, and Paris Saint-Germain (PSG) to terminate their sponsorship deals with Visit Rwanda, citing Rwanda’s alleged role in the escalating violence in eastern DRC.

Naira Declines by 1.4% Against Dollar, Trades at 1,₦495.60

The Naira depreciated at the official market on Monday, closing at ₦1,495.60 per dollar, marking a 1.4% decline from the previous trading day.

Verdant Capital Hybrid Fund Invests $2 Million in UsPlus to Boost SME Financing in South Africa

Verdant Capital has announced the completion of its fifth investment through the Verdant Capital Hybrid Fund, injecting $2 million in mezzanine financing into UsPlus Limited, a South African financial services provider specializing in invoice factoring. 

USAID Website Suspended Amid Trump Administration’s Foreign Aid Freeze

The US Agency for International Development (USAID) website unexpectedly went offline on Saturday, raising concerns over the Trump administration’s ongoing freeze on foreign aid and efforts to restructure the agency. The digital blackout follows reports of widespread program suspensions, staff furloughs, and mounting uncertainty about USAID’s future. Critics warn that these actions could weaken US diplomatic influence, disrupt global humanitarian efforts, and endanger millions of vulnerable people worldwide.

Oando Reports N4.1 Trillion Revenue and N65.5 Billion Profit After Tax in FY 2024, Setting Stage for 2025 Growth

Oando PLC, Africa’s leading integrated energy company listed on the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), has announced a strong financial performance for Full Year (FY) 2024, with revenue surging by 45% to N4.1 trillion, compared to N2.9 trillion in FY 2023. The company also posted a 9% increase in profit after tax (PAT) to N65.5 billion, demonstrating resilience and strategic growth amid industry challenges.

67th GRAMMY Awards Unite Music Community for Los Angeles Wildfire Relief and First Responder Tribute

...Telecast Showcases Fundraising Efforts, Local Business Recovery, and Honors Firefighters 

The 67th Annual GRAMMY Awards went beyond celebrating music’s biggest night, using its platform to support Los Angeles wildfire relief efforts and honour the bravery of first responders. The telecast paid tribute to the resilience of Angelenos, featuring special guests including firefighters and students from schools affected by the fires.

First Trustees to Host 7th Annual Islamic Estate Planning Clinic in Abuja

First Trustees Limited, a subsidiary of FBN Holdings Plc and a leading provider of bespoke trust solutions, is set to host its 7th Annual Islamic Estate Planning Clinic on February 15, 2025, in Abuja.

WAEC Exams Remain Free in Lagos, TCC Requirement Stands - LIRS

The Lagos State Internal Revenue Service (LIRS) has reaffirmed that the West African Examinations Council (WAEC) registration remains free for Senior Secondary School (SS3) students in state-funded schools under the Lagos State Government’s free education policy. This initiative, part of the THEMES PLUS agenda, aligns with the government’s broader commitment to providing essential public services, including affordable housing, healthcare, transportation, youth empowerment, and improved infrastructure.