news and current affairs.
Nigeria, UAE set to sign economic pact in Abu Dhabi
Nigeria and the UAE are finally locking down a major economic deal. Presidents Bola Tinubu and Mohammed bin Zayed will sign a Comprehensive Economic Partnership Agreement during a bilateral meeting. Foreign Minister Yusuf Tuggar explained that the deal aims to formalize ties and boost business confidence for investors from both nations. It provides mutual protection for companies operating in each country. The agreement specifically safeguards Nigerian businesses running operations in Dubai. It also addresses past investor worries about safety and predictability for Emirati capital flowing into Nigeria. Tuggar positioned the Abu Dhabi summit as a key platform for moving climate promises into actual projects. Nigeria's attendance...
NDIC declares ₦24.3 billion second dividend for Heritage Bank depositors
More cash is coming for Heritage Bank depositors who had over the insured limit. The Nigeria Deposit Insurance Corporation announced a second liquidation dividend totaling twenty-four point three billion naira. This payment goes to customers whose balances exceeded the five million naira coverage when the bank was shut down. The corporation clarified that this is not the final payment, with more expected as additional assets are sold. This follows an earlier dividend distribution of forty-six point six billion naira declared previously. The Central Bank of Nigeria had revoked the bank's operating licence, appointing the NDIC as liquidator. Since then, the corporation has worked on selling physical assets and recovering outstanding...
Nigerian entrepreneur fuels Uganda women-led investment push
A Nigerian diaspora guy is pushing Pan-African cash into Uganda. Dr. Odera Ozoka, an entrepreneur from the United States, is working to boost economic links between Nigeria and East Africa. He focuses on channeling investments toward women-owned businesses in the region. His efforts recently placed him alongside Uganda's Minister of Gender, Betty Amongi, on the campaign trail in Northern Uganda. The Ugandan ruling party appointed him to attract international investment. He highlighted the impressive work and enthusiasm seen at women-led businesses in areas like Lira. Through his collaboration, women entrepreneurs are gaining access to seed financing and loan schemes from groups like the National Social Security Fund and the World Bank...
Consumer group slams lax cocoa import rules
A consumer watchdog just called out Nigeria's broken import rules. The Centre for Consumer Concern alleges unfair competition for local cocoa and dairy producers due to lax regulations. They claim importers skip critical pre-shipment certification that domestic manufacturers must follow, creating an uneven playing field. The group links this to wider safety failures, referencing contaminated infant formula recalls globally. They argue these are not isolated cases but a pattern of weak enforcement and corporate negligence. This situation places shoppers at serious risk from non-compliant products entering the market. Their solution demands immediate action from the Federal Competition and Consumer Protection Commission. They want a...
How to recover from Detty December overspending
That post-holiday wallet wreck is real but fixable. Anyone who blew their budget during the festive season can recover without misery through some focused moves. Regaining financial control starts with a blunt assessment of the damage. Check all account balances and owed amounts to understand the starting point. Build a strict plan for immediate spending. Cover absolute necessities like housing, food, and transport first. Everything else waits. Avoid using credit cards to cover the shortfall, as that digs the hole deeper. Focus on paying down any existing debt from the period instead. Find quick ways to generate a little extra cash. Selling unused items or taking on small freelance gigs can boost the recovery effort. Every bit helps...
First HoldCo names new chairs across subsidiaries
First HoldCo is shaking up leadership across its subsidiary boards. The company placed new chairs and members at several non-banking units following approvals from regulators like the SEC. This move aims to boost governance and set up for long-term growth. Ebikabo Williams now chairs First Asset Management, bringing expertise from banking and capital markets. Her board includes Usman Dantata Jr., Binta Max Gbinije, and Alero Mobola Adollo. Over at FirstCap Limited, Yewande Amusan takes the chairman role. Her finance career covers both public and private work. Ahmed Indimi, Irene Akpofure, Adenike Kuti, and Zeal Akaraiwe join her on that board. First Securities Brokers, a top performer on the Nigerian Exchange, named John Akpeki as its...
Smriti Irani calls Kyunki co-stars 'Madcaps' in throwback post
Smriti Irani just called her former co-stars a bunch of lovable crazies. She reposted a throwback photo featuring key actresses from a classic television drama. The group played central characters in the original run of a massively popular family show. Its recent revival features Irani and Amar Upadhyay returning as the legendary couple Tulsi and Mihir. Several other original cast members have also rejoined the production. New actors have joined the ensemble for this second chapter. Early audience data suggests the reboot is performing strongly. It reportedly overtook a long-reigning program in the television ratings. The original series enjoyed an exceptionally lengthy broadcast period during its initial release. Fan demand once...
Kumar Sanu sings classic hit before Guru Premanand
Kumar Sanu performed for a spiritual leader at his ashram recently. The singer delivered one of his classic Bollywood songs directly to Guru Premanand Maharaj. Footage showed the religious figure listening with apparent warmth and affection. This visit follows other celebrities seeking blessings at the same location. Anushka Sharma and Virat Kohli previously made a similar pilgrimage. The veteran vocalist shares a long professional history with Shah Rukh Khan. He recalled singing for the actor at the very start of both their careers. Sanu listed numerous hit films featuring their collaborations over the decades. He described Khan as a man with a heart of gold. The singer's own catalog includes countless memorable romantic tracks. His...
Jodie Foster hits therapy couch after every film wrap
Jodie Foster needs therapy after every acting job wraps. The actress admits she works with obsessive dedication during filming. She then completely crashes into couch potato mode afterward. Foster describes a cyclical pattern of intense work followed by total shutdown. She feels lost without a structured routine between projects. This leads her into therapeutic sessions to reset herself. She prioritizes sleep and isolation while immersed in a character. Foster avoids news and social contact during those intense months. The accomplished performer openly adores taking lengthy afternoon naps. She considers a two-hour nap a perfect achievement. Foster believes her current work represents her career best.
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