July 2025 – Page 113

Customs Seizes $20,000, CFA Francs; Hands Over to EFCC

17.07.2025

The Nigeria Customs Service, Federal Operations Unit Zone A, has handed over undeclared $20,000 and 110,000 West African CFA Francs to officers of the Economic and Financial Crimes Commission. Announcing this in a statement on Wednesday, the Public Relations Officer of the command, Hussaini Abdullahi, described the interception as a significant breakthrough in the service’s...

UBA Launches AI-Powered Cross-Border Payment Platform

17.07.2025

United Bank for Africa Plc has announced a significant milestone in its digital banking journey with the enablement of its Artificial Intelligence chatbot, LEO, to facilitate cross-border payment transactions. This development, according to a statement from the bank, makes LEO the first AI-powered chatbot in Africa to offer cross-border payments, providing customers with a seamless...

AltBank & NCX Partner to Revolutionize Commodity Trading in

17.07.2025

The Alternative Bank has announced a strategic partnership with the Nigeria Commodity Exchange aimed at unlocking greater value across the agricultural value chain through a structured, finance-enabled commodities trading ecosystem. In a statement on Wednesday, the ethical lender said that at the heart of the partnership is a commitment to introduce electronic warehouse receipts as...

Nigeria to End Fish Imports, Boost Local Production

17.07.2025

The Minister of Marine and Blue Economy, Adegboyega Oyetola, looks to end Nigeria’s dependence on fish importation by aggressively boosting local fish production. Oyetola made this observation in a statement on Wednesday, signed by his media aide, Dr. Bolaji Akinola, during a high-level consultative meeting with fisheries cooperative groups in Abuja. The meeting, which was...

Nigeria Issues 867 Mining Licences in Q1 2025, Generating N6

17.07.2025

The Minister of Solid Minerals Development, Dele Alake, has urged African nations to take sovereign control of their natural resources by halting the export of raw minerals and prioritising domestic value addition through local processing and industrialisation. The minister said the continued export of unprocessed mineral resources deprives the continent of critical economic benefits, including...

Lagos Pushes for CNG Boats: Cleaner Waterways Ahead

17.07.2025

The Lagos State Waterways Authority has convened a strategic engagement meeting between the Presidential Initiative on Compressed Natural Gas, representatives of RIL Hydro Kraft Limited, promoters of CNG for Marine, boat operators, and other stakeholders across Lagos State on ways to adopt cleaner and more sustainable energy sources within the inland water transport sector. LASWA,...

Lions Club Chief Ajileye Awarded Honorary Doctorate

17.07.2025

European American University has conferred an honorary Doctor of Science degree in Business Management and Corporate Leadership on the President of the Lions Club, Abeokuta Branch, Chief Sunday Ajileye. The honorary degree recognises Chief Ajileye’s exceptional contributions to business growth and humanitarian service, particularly through his non-profit organisation, the SIB Foundation. Known for his passion...

Jumia Nigeria Appoints Temidayo Ojo as New CEO

17.07.2025

Jumia, Africa’s leading e-commerce platform, has appointed Temidayo Ojo as the new Chief Executive Officer of Jumia Nigeria, marking a significant leadership transition within the company. The appointment, announced on Monday, sees Mr. Ojo succeed Mr. Sunil Natraj, who led Jumia Nigeria through a period of economic and operational change, restoring growth and consumer confidence....

Henry Akinyele Installed as Rotary District 9111 Governor

17.07.2025

Rotary International has installed Rotarian Henry Akinyele as the second District Governor of Rotary District 9111 in a ceremony attended by dignitaries and leaders from across Nigeria. The event, tagged ‘the Royal Installation’, took place on Sunday at the Victoria Garden Event Centre, Alausa, Ikeja, Lagos, according to a statement issued on Tuesday. Former Governor...

Addosser MFB Aims for National License on 17th Anniversary

17.07.2025

Addosser Microfinance Bank has revealed that it has set its eyes on acquiring a national license and expanding its digital footprint as it marked its 17th anniversary. In a statement on Tuesday, the MfB said these were part of its future goals. Since its inception in 2008, Addosser said it had remained steadfast in its...