The New Zealand government has announced changes to the Active Investor Plus (AIP) visa, which will come into effect on April 1st, 2025.The updated visa introduces two new investment categories (Growth and Balanced); structured to attract high-net-worth investors and enhance the country’s economic growth.The changes outlined by New Zealand are intended to boost foreign investment in the country’s economy. DAAD Scholarship cites that the government’s intention is to provide more flexibility for potential investor migrants.Economic Growth Minister Nicola Willis, noted the critical role that foreign investment can play in stimulating the economy and creating jobs for New Zealanders.“Foreign investment has…
Author: Oladi Samuel
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Governor Nasir Idris of Kebbi State says his administration has attracted over N330 billion in foreign investment as part of its commitment to developing tourism and preserving cultural heritage in the state.Idris made this statement on Saturday at the 2025 Rigata Annual Cultural Festival in Yauri Local Government Area of the state.He emphasized the administration’s commitment to preserving cultural heritage, describing the Rigata festival as more than just a celebration but a testament to Kebbi’s rich history, vibrant culture, and the unity of its people.“This festival showcases the beauty of our traditions, the strength of our community, and the spirit…
The African Union has elected Mahamoud Ali Youssouf of Djibouti as the new Chairperson of the AU Commission, just 24 hours after launching its own credit rating agency, the African Credit Rating Agency (AfCRA).Youssouf defeated Odinga Odinga of Kenya in the fourth round of voting. He will succeed Moussa Faki Mahamat of Chad, who served two terms of four years each.Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, remarked that Youssouf’s victory surprised Odinga, who had been expected to win.Onanuga noted that Odinga spent three out of his five allotted minutes discussing the history of Pan-Africanism…
The National Association of Nigerian Students (NANS) has strongly protested its exclusion from the board of the Nigerian Education Loan Fund (NELFUND).In the letter dated February 13, 2025, and titled ‘Final Demand for Student Representation in the Scheduled NELFUND Board’ addressed to the Managing Director of NELFUND, Akintunde Sawyerr, and the Board Chairman, Jim Ovia, described the exclusion as “completely unacceptable.”NANS President, Lucky Emonefe, insisted on the immediate inclusion of a student representative in the board meeting, warning of severe consequences if their demand was ignored.Emonefe likened the exclusion of students from the NELFUND board to “shaving a man’s head…
The Federal Government has announced plans to integrate advanced technologies into Nigeria’s aviation sector to enhance efficiency, passenger experience, and air safety.Minister of Aviation and Aerospace Development, Festus Keyamo, made this disclosure on Saturday in Abuja during the 25th-anniversary symposium of the Nigeria Civil Aviation Authority (NCAA).The symposium, themed “Human Capital Development: Upskilling the Next Generation of Aviators,” focused on the future of the aviation industry.Keyamo, represented by the ministry’s Permanent Secretary, Dr. Ibrahim Kana, emphasized the role of technology in shaping the aviation sector.He stated that these advancements would contribute to economic growth while ensuring a safer and more…
The Transmission Company of Nigeria has refuted claims of national grid collapse this month, noting that there has been no grid collapse in 2025.In a statement signed by the management of the TCN, the company described reports of the purported recent collapse of the national grid as false and mischievous.“The Transmission Company of Nigeria hereby notes that the report making the rounds about the occurrence of two National Grid Collapses within the year 2025 is mischievous and misleading to the Nigerian populace. “We hereby appeal to the general public to disregard this and other inaccurate reports on events and status of…
Nigerian Breweries Plc reported a post-tax loss of N144.8 billion for FY 2024, as detailed in its full-year audited financial report released on the NGX on February 14, 2025.This figure represents a 36.3% increase in post-tax loss compared to the previous year when the company reported a loss of N106.3 billion.However, the company achieved remarkable growth in its full-year revenue, soaring by 80.8% year-over-year to reach N1.08 trillion, up from N599.6 billion reported in the prior year.In response to the challenges that affected net profit and to fortify the company’s financial position, Nigerian Breweries, with the backing of its shareholders,…
The board of OpenAI, the creator of ChatGPT, has rejected a $97.4 billion unsolicited bid from a consortium led by billionaire Elon Musk, stating that the startup is not for sale and that any future offer would be disingenuous.The bid marks Musk’s latest attempt to influence the direction of the company he co-founded with OpenAI CEO Sam Altman but later left in 2019.“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition. Any potential reorganization of OpenAI will strengthen our nonprofit and its mission to ensure AGI benefits all of humanity,”…
The Comptroller General of the Nigeria Customs Service (NCS), Bashir Adeniyi, has announced that the newly launched Authorised Economic Operator (AEO) program will significantly enhance trade facilitation both within Nigeria and across the globe.Adeniyi made this declaration during the official inauguration of the programme in Lagos on Friday night.According to Adeniyi, the AEO initiative reflects the evolving nature of customs-business relationships, driven by the dynamic demands of international trade and the increasing need for secure and efficient supply chains.He explained that the AEO program, as defined by the World Customs Organisation (WCO), certifies entities involved in the international movement of…
Leading financial media platform Nairametrics is set to launch the inaugural Nairametrics Capital Market Choice Awards in the second quarter of 2025.The Awards are set to recognize exemplary performance and outstanding contributions to Nigeria’s capital market.The upcoming awards will recognise and celebrate the outstanding contributions of key market participants—including operators, regulators, investors, and other stakeholders—who have played pivotal roles in advancing the growth and stability of the capital market throughout 2024.Beyond being a celebration, the maiden awards will shine a spotlight on the individuals and institutions that are at the forefront of driving value creation, promoting governance, and fostering innovation within…