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Anchor, a Nigerian banking-as-a-service (BaaS) provider, has secured $2.4 million in seed investment. Led by Goat Capital, the funding round saw participation from FoundersX, Rebel Fund, Y Combinator, and Byld Ventures. Anchor offers APIs, dashboards, and tools for developers to embed and build banking solutions, and it aims to provide personalised services and flexibility at a lower cost.
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has assured doctors employed by the FCT Administration (FCTA) that their concerns regarding the recent circular on retirement will be addressed. The FCTA recognizes the importance of retaining experienced doctors in the healthcare sector and aims to improve medical services in Abuja and beyond.
The Nigerian election tribunal is set to deliver its ruling on the presidential election petitions challenging Bola Tinubu's victory as Nigeria's president. The two main opponents, Atiku Abubakar and Peter Obi, have based their challenge on fraud claims. While observers expect Tinubu's win to be upheld, the outcome of the election has been labeled as fraudulent due to a malfunctioning technology and low voter turnout.
The Nigerian government has set a 30-day ultimatum for illegal miners to regularize their operations as part of a comprehensive transformation agenda for the mining sector. The move aims to create a more transparent and sustainable mining industry that contributes to economic growth and development. Minister of Solid Minerals, Dele Alake, made the announcement during a press conference in Abuja.
Nigeria's President Bola Tinubu has ordered the recall of all foreign ambassadors as part of his efforts to improve government services abroad. The decision comes after a careful assessment of Nigeria's consulates and embassies worldwide. The move aims to enhance efficiency and deliver high-quality services to Nigerians living abroad. However, the recall does not include the country's permanent representatives to the United Nations in Geneva and New York. Nigeria has diplomatic representatives in 94 countries, including Spain, Brazil, Cuba, Mexico, and Venezuela.
Nigerian Exchange Limited (NGX) has emphasized the importance of financial literacy and awareness in reducing the growing number of unclaimed dividends in the capital market. With efforts to tackle this issue facing obstacles, the NGX highlighted the need for retail investors to be informed about the unclaimed dividends they may have, especially those with legacy investments. In a recent webinar, the Divisional Head, Capital Markets, NGX, shared the procedures for processing outstanding dividends and retrieving unclaimed dividends, stressing the role of financial literacy in addressing this issue.
Nigerian Exchange Limited (NGX) believes that a combination of financial literacy and awareness can be key in reducing the growing number of unclaimed dividends in the Nigerian capital market. Despite efforts by the Securities and Exchange Commission (SEC) to address this issue, unclaimed dividends have risen to N190 billion. NGX recently held a retail investors webinar to educate shareholders on how to process outstanding dividends and reclaim their unclaimed dividends. The Exchange is dedicated to using technology to increase retail participation and make the market more accessible. SEC and other stakeholders are also committed to reducing unclaimed dividends to the barest minimum.
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has assured medical doctors under the FCT Administration that their welfare and concerns will be addressed. This follows the recent circular on the retirement tenure, which affected various sectors. The Minister promised to study the matter and collaborate with relevant stakeholders to find a resolution that benefits both the doctors and the healthcare system.
The Acting Comptroller-General of Customs, Bashir Adewale Adeniyi, has expressed commitment to improving the output of designated export processing terminals. This move aims to streamline the operations of Nigeria's seaports and decongest Lagos ports. The collaboration between the Nigeria Customs Service and the Nigerian Ports Authority is expected to enhance efficiency in the clearance of goods and facilitate the growth of international trade.
ActionAid Nigeria (AAN) has called on President Bola Ahmed Tinubu to incorporate clear and measurable indicators of achievement for each of his 8-point agenda. The organization commends Tinubu for his visionary leadership and emphasizes the need for transparent milestones to enhance accountability and public trust.
The Edo State Independent Electoral Commission (EDSIEC) has declared the Peoples Democratic Party (PDP) as the winner of the 18 local government chairmanship seats in the state. This announcement has faced criticism from the All Progressives Congress (APC) and the Labour Party (LP) who have described the exercise as a charade. Despite the protests, the Edo State governor, Godwin Obaseki, has hailed the outcome as a reflection of the people's wishes.
Delta State Governor, Rt. Hon. Sheriff Oborevwori, has announced that the state government is making efforts to connect rural communities with roads and other essential infrastructure. This initiative aims to curb rural-urban migration by bringing development and opportunities to these areas. The governor made this announcement while inspecting various completed and ongoing projects scheduled for inauguration to commemorate his administration's 100 days in office.
Nigerian President Bola Tinubu has ordered the immediate recall of Nigerian ambassadors from all countries around the world as part of a restructuring effort to enhance the efficiency of the country's foreign service. The move comes as Tinubu aims to improve service delivery to Nigerian citizens, residents, and potential visitors with a focus on world-class efficiency and quality.
Nigeria, the largest country in Africa, is considering joining the G20, a group of the world's most powerful economies. President Bola Tinubu will attend the G20 summit in India, seeking foreign investments and global capital to develop Nigeria's infrastructure. With a population of over 211 million and being the top oil exporter in Africa, Nigeria aims to strengthen its position as a key player in the global economy.
Nigeria is taking steps to diversify its economy and reduce its dependency on oil by setting up a state-backed corporation in the mining sector. The Nigerian Solid Minerals Corporation aims to attract foreign direct investment and leverage the country's attractive investment climate. This move comes as part of President Bola Tinubu's efforts to improve Nigeria's investment climate and draw global capital to develop infrastructure.
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