Author: Nationalmonitor

The $325 million debt package brings the Fund’s recent capital raises to $620 million, significantly surpassing its target of raising $500 million by the end of 2025. Since 2018, EAAIF has raised more than $1 billion in commitments across three debt raises.New funding fuels EAAIF’s plan to deploy over $1 billion to critical infrastructure projects in Africa and Asia by 2028.London, 20 May 2025: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has successfully raised $325 million in new debt facilities, bringing recent commitments to $620 million and exceeding…

World’s largest operator of international First Class travel continues to finesse the experience Emirates is the world’s largest operator of international First Class travel – offering 26,800 seats a week and the largest inventory of international First Class seats in the industry, entirely comprised of private suites. Emirates continues to refine its First Class ‘Fly Better’ experience, with an array of new enhancements for First Class customers; from keepsake menus to gloved service, luxurious lounge-inspired check in areas in Dubai, to the memorable ritual of unlimited caviar onboard. Finessing the finer details of hospitality and service, the latest enhancements onboard…

By Udeme Etukeyen Leading up to the recent superlative annual reports showcasing one of the most significant growth experienced by a Nigeria Financial Institution in recent years I was forced to ask “what is Fidelity Bank” doing right?My banking and financial sector experience got me digging deeper into the statistics of the report-Fidelity Bank recorded a substantial 210.0% growth in PBT, reaching N385.2 billion in FY 2024. Deposits increased by 47.9%, from N4.0 trillion in 2023FY to N5.9 trillion in 2024FY, Gross earnings shooting by 87.7% to N1,043.4 billion which was primarily caused by a 106.9% increase in interest and…

L-R: Executive Vice Chairman/ Chief Executive Officer, Nigerian Communications Commission (NCC), Dr. Aminu Maida and Ag. Director General, National Communications Authority (NCA), Ghana, Edmund Fianko, during a benchmarking visit of the NCC to the NCA in Ghana recently.

Dangote Petroleum Refinery & Petrochemicals reaffirms that, despite the fluctuations in global crude oil prices, it has consistently reduced the price of Premium Motor Spirit (PMS), commonly known as petrol.The company, in a release, signed its Group Chief Branding and Communications Officer, Anthony Chiejina said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.The decision, Dangote said, underscores its dedication to providing affordable, reliable, and high-quality petroleum products without compromising operational efficiency and sustainability.“Our approach aligns with the…

L-R: Permanent Secretary, Ministry of Women Affairs, Mrs. Maryam Chira Keshinro; Chairman, Senate Committee on NASENI, Sen. Francis Ezenwa Onyewuchi; EVC/CEO of NASENI, Mr. Khalil Suleiman Halilu; Mandate Secretary, Women Affairs Secretariat, FCTA, Dr. Adedayo Benjamins- Laniyi; Chairman of Presidential Implementation Committee on Technology Transfer, Dr. Mohammed Dahiru; and Executive Director, North and Public Sector, Fidelity Bank, Mr. Sufiyani Garba at the launch of DELT-Her proposal portal for female engineers at NASENI Headquarters, Abuja on Monday. The National Agency for Science and Engineering Infrastructure (NASENI) and the Presidential Implementation Committee on Technology Transfer (PICTT) said the Federal Government is committed…

In a bold vision for the future of Lagos’ transportation, Governor Babajide Sanwo-Olu has of visionary policies, strong community engagement, and unwavering political will to revolutionize mobility in Nigeria’s commercial hub. Speaking at the Global Transport Policy (GTP) Intermodal Transport System Annual Roundtable, the governor—represented by LAMATA Managing Director Dr. Abimbola Akinajo—highlighted the transformative efforts undertaken by cities such as Singapore, Tokyo, Amsterdam, and Bogotá in achieving efficient, sustainable transport systems. Lagos, he asserted, is taking cues from these global success stories, implementing a multimodal blueprint through LAMATA that integrates roads, rail, ferries, and pedestrian walkways into a seamless network.…

Nestlé Professional has reaffirmed its commitment to accelerating youth entrepreneurship, with a workshop in Lagos to upskill over 300 operators and attendants within its My Own Business (MYOWBU) program. MYOWBU is designed to empower young people across Central and West Africa by helping them establish sustainable careers in street vending. More than a vending initiative providing affordable beverage solutions such as NESCAFÉ and MILO enjoyed by millions of Nigerians every day, it is a sustainable means of livelihood for many young people seeking dignified work, financial independence, and a chance to build a better future. “We are excited to host…

Head Social Performance, Dangote Cement Ibese Plant, Ademola Ojolowo; HRM, Oba Gabriel Ogunyomi, Onimoto of Imoto; Vice-Chairman of Yewa North local Government, Hon. Joseph Ilori; Member, Ogun State House of Assembly, Hon. Adegoke Adeyanju Awoso; HRM. Oba Lukmon Kunoye, Olu of Imasayi and GM, HAM/Admin. Dangote Cement, Ibese Plant, Olugbemiga Aina, during the donation by Dangote Cement Ibese Plant of multi-million Electrical materials to reconnec 21 Host communities to national grid. …donates electrical materials for electricity restoration L-R, Head of Social Performance, Dangote Cement, Ibese Plant, Ademola Ojolowo; HRM, Oba Daniel Abayomi Salako, Aboro of Iboroland; Dangote Cement Ibese Plant Director,…

The Federal Government has announced the appointments of the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole; Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, Minister of Art, Culture, Tourism and Creative Economy, Hannatu Musawa; Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose as members of the oversight Committee constituted to see to the successful hosting of the 4th African Union MSME Forum slated for Abuja. The announcement was conveyed through a letter signed by the Deputy Chief of Staff to The President and Chairman of the committee, Senator Ibrahim Hadejia and issued on…