On the latest episode of In Good Company, we dissect the heated corporate standoff between General Hydrocarbon Limited (GHL) and First Bank Nigeria Holding (FBNH). Is this a clash of companies, or a battle of personalities? From boardroom drama to billion-dollar lawsuits, we explore the origins, the ripple effects on stakeholders, and what this means for the corporate and financial sectors. With insights from Nairametrics’ founder and CEO, we navigate the twists, timelines, and possible resolutions of this intense corporate battle.Watch the latest episode of In Good Company featuring Nairametrics CEO, Ugo Obi-Chukwu. This is a conversation you don’t want to…
Author: Oladi Samuel
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The Nigeria Immigration Service (NIS) has announced that it is currently conducting a system upgrade and maintenance on its passport portal for applicants within Nigeria.The update, which affects the portal for domestic applications, aims to improve the service for future use.The announcement was shared on the official X page of the Nigeria Immigration Service, where the agency informed the public about the ongoing maintenance and provided additional details about the process. According to the NIS, the upgrade is expected to be completed within 72 hours.Impact on domestic passport applications The system upgrade will affect passport applications within Nigeria, as the portal…
Vice President Kashim Shettima has departed Abuja to represent Nigeria at the 2025 Annual Meeting of the World Economic Forum (WEF) scheduled to take place in Davos, Switzerland.In a statement issued by Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications (Office of the Vice President), Shettima will engage in high-level discussions with global leaders, top business executives, and development partners to address pressing economic challenges and explore opportunities for collaboration.Vice President Shettima’s schedule includes a series of critical engagements. Among these is a workshop organized by the African Development Bank (AfDB) in collaboration with the World…
Africa’s tech ecosystem is one of the most dynamic and fast-evolving in the world. Valued at an estimated $480 billion, the continent’s digital landscape is rapidly transforming, fueled by a growing number of tech startups, investment opportunities, and innovations across industries like fintech, e-commerce, agritech, healthtech, and more.From Nairobi to Lagos and Cape Town, African startups have been attracting significant attention, contributing to the continent’s increasing share of global venture funding.In 2024, African startups raised $2.2 billion in equity, grants, and debt, marking a 25% decrease from the previous year when $2.9 billion was raised. Despite this dip, the ecosystem…
The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, has described the period before the removal of the petrol subsidy in Nigeria as one characterized by “window-dressed realities.”Speaking at The Platform, an annual event organized by Covenant Nation in Lagos, Oyedele outlined how previous subsidy regimes perpetuated economic distortions that gave Nigerians a false sense of financial stability.Oyedele argued that while subsidies made fuel, electricity, and other essentials appear affordable, they masked the unsustainable fiscal realities underpinning the Nigerian economy.“Removing subsidies is the best decision we made as a country. And we can now say…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has identified public sector corruption, particularly procurement and contract fraud, as Nigeria’s most pressing issue accounting for over 90 per cent of the country’s corruption and fraud cases.Olukoyede disclosed this during a meeting on Friday, January 17, 2025, with a delegation from the Bureau of Public Procurement (BPP), led by its newly-appointed Director General, Dr. Adebowale Adedokun.The meeting took place at the EFCC’s corporate headquarters.“In the EFCC, we handle both private and public sector fraud. And when it comes to the public sector, which is one of…
The Nigeria Centre for Disease Control and Prevention (NCDC) has confirmed 54 cases of Lassa fever recorded from December 30, 2024, to January 5, 2025, out of 196 suspected cases.The NCDC also reported 10 deaths, resulting in a Case Fatality Rate (CFR) of 18.5%, higher than the CFR of 11.3% recorded in the same period in 2024.According to the Lassa fever situation report obtained from the NCDC on Saturday, the cases cut across six states and 20 local government areas of the country.“Cumulatively in week 1, 2025, 10 deaths have been reported with a case fatality rate of 18.5% which…
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has urged the Nigerian government to intensify efforts to increase food production and lower food prices in the country. Dr. Adesina stated this during the inauguration of a soybean plant and refinery at the Called Servant to Service (CSS) Global Integrated Farms in Gora, Karu Local Government Area, Nasarawa State. He expressed concern over the rising cost of food and the hunger crisis in Nigeria, emphasizing the need for bold policies and programs to support local farmers and agribusinesses. “Accelerated efforts are needed to expand food production, lower the prices of food…
The Nigerian real estate sector is set to see significant growth in the coming 3-5 years, with affordable housing and luxury real estate emerging as the primary drivers.According to the BuyLetLive 2024 Nigeria Price Index Report, key players in the market—including agents, property managers, developers, investors, landlords, tenants, estate surveyors, valuers, and research analysts—identified these segments as having the most promising potential for growth.Affordable housing stands out as the biggest opportunity, with 60% of respondents pointing to it as the key growth area.This reflects the growing demand for affordable housing solutions in Nigeria, where the need for cost-effective housing continues…
Hungary has introduced new regulations for foreign workers with the release of Government Decree No. 450/2024, which came into effect on January 18th, 2025.The changes are intended to simplify the employment of foreign nationals, but they have raised questions among potential job seekers and businesses looking to hire foreign workers.The new regulations require job seekers from foreign countries to first check if their nation is included in Appendix 1 of the Government Decree. This list determines eligibility for a residence permit for the purpose of employment in Hungary.Eligibility criteria for work visas Starting January 18th, 2025, individuals wishing to work in…