Category : Search result: N500 billion target


UBA Beats CBN's N500bn Capital Target Early

United Bank for Africa (UBA) has officially exceeded the Central Bank's N500bn capital requirement for international banks. The feat, achieved via a N178.3bn rights issue, positions UBA for expansion ahead of the March 2026 deadline. Read the full details

Nigeria's 2026 Telecoms Boom: Fibre & Satellite Lead

Nigeria's telecom sector shifts from 2025 consolidation to aggressive 2026 expansion, driven by massive fibre optic deployment and satellite connectivity to bridge the digital divide. Will it work?

Nigeria Misses 2025 Broadband Target, New Plan in Works

Nigeria falls short of its 70% broadband penetration goal for 2025, reaching only 50.58%. The NCC confirms a new five-year plan is underway, focusing on satellite technology to bridge the digital divide. Read more.

Area Boy Gifts N500 to Man Who Regularly Helps Him

A heartwarming story from Lagos where a street hustler, known as an 'area boy', surprised a man who regularly gifts him money with a parcel of N5 notes. See how Nigerians reacted to this festive gesture of appreciation.

FG Confirms Air Strikes on Terrorists in Northwest

The Federal Government confirms air strikes on terrorist targets in Nigeria's northwest. Minister Yusuf Tuggar details security cooperation with the US, emphasizing civilian protection.

SEEDAN Praises Tinubu's N50bn Seed Industry Fund

SEEDAN lauds President Tinubu for approving a N50 billion catalytic fund to strengthen Nigeria's seed sector, boost agribusiness, and enhance national food security. Learn how this impacts farmers.

Auditor-General Flags N288bn INEC Irregularities

The 2022 Auditor-General's report reveals N288 billion in financial irregularities within INEC from 2018-2019, citing procurement flaws and undocumented payments. Read the full details and calls for accountability.

Dangote Demands Retraction or Faces N100bn Suit

Aliko Dangote gives Kaduna businessman Kailani Mohammed 7 days to retract libellous publication accusing him of 'unclean business' or face a N100 billion lawsuit. Full details.

Dangote Issues N100bn Defamation Ultimatum

Aliko Dangote threatens a N100 billion lawsuit against Engr. Kailani Mohammed over alleged defamatory claims about his business past. The businessman has seven days to retract and apologize.

Actress Doris Ogala Arrested in Live Stream Drama

Nollywood actress Doris Ogala was reportedly taken into custody by police during a live interview. The arrest follows her N1 billion legal demand against Pastor Chris Okafor over a breached marriage promise.

Lord's Chosen Marks 23 Years, Pursues 10 Billion Soul Mandate

Pastor Lazarus Muoka leads The Lord's Chosen Charismatic Revival Movement in celebrating 23 years of ministry, driven by a divine vision to win 10 billion souls for heaven. Read about their anniversary retreat and global evangelism mission.

Musk Wins Appeal for $56 Billion Tesla Pay Package

A Delaware court has reversed a previous ruling, clearing the way for Tesla CEO Elon Musk to receive his contested $56 billion compensation. Get the full details on this landmark business decision.

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