The National Credit Guarantee Company Limited (“NCGC” or the “Company”) is set to commence operations on 01 July 2025, as a specialised financial institution established to unlock access to credit and drive inclusive economic growth across Nigeria’s real economy. With an initial capital commitment of ₦100 billion, recently announced by President Bola Ahmed Tinubu, the NCGC is positioned to reshape how Micro, Small and Medium Enterprises (MSMEs), manufacturers, and strategic sectors access much-needed financing. For decades, Nigerian businesses especially micro, small and medium scale enterprises have faced significant challenges accessing loans due to collateral barriers and high-risk perception. NCGC is…
Author: Abimbola Ogunaike
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By Segun AdeleyeThe second year has gone since Asiwaju Bola Tinubu was sworn in as the President of Nigeria, which translates to half of his tenure already spent!At the first anniversary, the thinking in some quarters was that one year was too short to access the performance of any government. But now that it’s half of the tenure and behind the scene networking for him to return for the second term is in full gear, a comprehensive assessment should better be done now by anyone that cares or never.Surprisingly, there is no meeting point between the two opinions on the…
The Innovative Media Partners Cooperative Multipurpose Society (IMPCMS) has announced its formal take-off. The President of IMPCMS and Publisher of The Eagle Online, Dotun Oladipo, made the announcement in a statement issued on Wednesday, 11 June, 2025. According to Oladipo, the formal commencement of activities followed the completion of all registration formalities and opening of a bank account. According to the statement, this also followed the approval of the Executive Committee of the IMPCMS, which now has the full compliments of members. Apart from Oladipo, other members of the Executive Committee include: Ugomma Cookey, a member of the Board of…
Today, I celebrate Prince Sam Amuka-Pemu, iconic journalist and publisher of Vanguard newspaper, on his 90th birthday. Fondly called Uncle Sam, Amuka-Pemu started his career at the Daily Times. Then, he co-founded The Punch with the late accountant Chief Olu Aboderin. After parting ways with Aboderin, he set up the Vanguard newspaper in 1984, which became one of Nigeria’s most influential newspapers under his leadership. Mr. Amuka-Pemu has devoted most of his life to journalism. It is to his credit and managerial acumen that Vanguard is alive today, 41 years after its founding, despite the crisis in the media industry.…
By Dare Ojepe As we mark two years since President Bola Tinubu assumed office, it is essential to evaluate his administration’s impact on Nigeria’s youth, a vital segment of the nation’s future. From the lens of students and young professionals, several initiatives and policies stand out, particularly the introduction of student loans, grants for technical education students, and the composition of his cabinet. Student Loan Initiative: Bridging the Education Finance Gap With NELFUND One of the most anticipated moves by President Tinubu has been the successful execution of the student loan scheme (NELFUND) aimed at increasing access to higher education.…
Israeli Prime Minister, Benjamin Netanyahu’s right-wing coalition survived a major political test on Thursday after the Knesset rejected an opposition-led bid to dissolve parliament and trigger early elections, AFP reported. The motion was defeated by a vote of 61 to 53 in the 120-seat legislature, despite speculation that some ultra-Orthodox members of Netanyahu’s coalition might back the move over disagreements on military service exemptions. The opposition, made up largely of centrist and left-wing factions, had hoped to exploit growing divisions within the coalition, particularly over a contentious draft law addressing exemptions for ultra-Orthodox men from compulsory military service. However, while…
The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has advocated for the need for strong collaboration with all stakeholders, including the security agencies and members of the community, to tackle the challenge of smuggling and illicit drugs importation. Adeniyi stated that the Nigeria Customs Service is also deploying technology to tackle smuggling and manage goods in transit from the Republic of Benin to Nigeria. The CG, who disclosed this on Wednesday, 11 June, 2025 during a working visit to the Ogun 11 Area Command in Abeokuta.explained that one of his cardinal programmes when he assumed office is anchored on…
A London-bound passenger plane crashed Thursday, 12 June, 2025 in India’s western city of Ahmedabad with 242 on board, aviation officials said in what the airline called a “tragic accident”. Air India’s flight 171, a Boeing 787-8 Dreamliner, which was bound for London Gatwick crashed shortly after takeoff, officials said. India’s Aviation Minister said he was “shocked and devastated” by the crash in Ahmedabad, where an AFP journalist saw thick plumes of black smoke over the airport. India’s civil aviation authority said “there were 242 person on board” including two pilots and 10 cabin crew. The Air India plane issued…
Aliko Dangote has retired as Chairman of the Board of Dangote Sugar Refinery Plc, bringing an end to a 20-year leadership of the company The company’s secretary, Temitope Hassan, who made this disclosure through a statement issued on Wednesday, 11 June , 2025, His retirement takes effect from June 16, 2025. The statement also announced the appointment of Mr. Arnold Ekpe, a seasoned banker as replacement for the departing multibillionaire businessman Dangote, who has been at the helm of leadership since 2005, is credited with steering Dangote Sugar into a market leader in Nigeria’s sugar industry, overseeing major expansion projects…
The world most followed TikToker, Khaby Lame, has been deported from the United States. The TikToker, with over 160 million followers, was arrested and detained in Las Vegas by the US Immigration and Customs Enforcement, ICE, on June Friday, 6 June, 2025. According to ICE, the 25 year old Italian-Senegalese was arrested at Harry Reid International Airport for overstaying after entering the country on April 30. Confirming the detention, the agency in an official statement revealed that the TikToker who has exited the country was granted “a voluntary departure order” after “overstaying the terms of his visa”. As at the…