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22/01/2025

IPMAN Pushes for Refinery Privatisation!

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to consider the privatisation of the country's refineries. National President Abubakar Shettima emphasizes that this step could significantly enhance the performance and efficiency of these facilities.

With capable organisations like independent petroleum marketers ready to take charge, there's potential for smoother operations and, as Shettima notes, a possible reduction in Premium Motor Spirit (PMS) pricing.

Read more at https://entrepreneurng.com/ipman-advocates-for-refinery-privatisation/

22/01/2025

Gold in Nigeria's Economy: ETFs vs. Physical Gold Trading!

Gold has long been more than just a precious metal in Nigeria; it represents wealth, security, and culture

In this article we are comparing Gold ETFs (Exchange-Traded Funds) and physical gold trading. As digital trading platforms rise in popularity, these modern investment methods are offering a convenient alternative to the traditional methods of storing gold bars and jewelry.

Read more at https://entrepreneurng.com/evaluating-gold-etfs-vs-physical-gold-trading-in-nigerias-economy/

22/01/2025

CBN Takes a Stand Against Naira Commoditisation!

Dr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has pledged to tackle the growing trend of buying and selling Naira notes, which has become a pressing issue across the country.

During his speech at the inaugural Stakeholders’ Conference of the Committee of Heads of Bank Operations (CHBO) in Lagos, Cardoso highlighted that this commoditisation represents a serious threat not only to the banking sector but also to the integrity of our currency.

Read more at https://entrepreneurng.com/cbn-vows-to-tackle-buying-selling-of-naira-notes/

22/01/2025

Petrol Prices Increased Across Nigeria!

The Nigerian National Petroleum Company Limited (NNPCL) has announced a price hike for petrol, setting new rates at ₦990 per litre in Abuja and ₦960 in Lagos. This change comes in response to the recent increase in the Dangote Petroleum Refinery's ex-depot pricing, which has jumped from ₦899 to ₦955 per litre.

Read more at https://entrepreneurng.com/nnpcl-increases-petrol-prices-to-%e2%82%a6990-in-abuja-%e2%82%a6960-in-lagos/

21/01/2025

The Nigeria Centre for Disease Control and Prevention (NCDC) has reported a concerning rise in Lassa fever, with 54 confirmed cases and 10 fatalities from 196 suspected cases between December 30, 2024, and January 5, 2025. The situation report highlights incidents across six states and twenty local government districts.

Read more at https://entrepreneurng.com/lassa-fever-nigeria-reports-10-deaths-54-confirmed-cases/

21/01/2025

BVN Enrollments Rise to 64.8 Million!

According to the latest report from the Nigeria Inter-Bank Settlement System (NIBSS), the number of Bank Verification Number (BVN) enrollments has increased by 2.1%, reaching 64.8 million this month! Therefore an increase of 1.33 million from the previous total of 63.47 million at the end of 2024.

Read more at https://entrepreneurng.com/bvn-enrollments-rise-2-1-to-64-8-million-nibss/

21/01/2025

Anthrax Outbreak in Zamfara

The Federal Ministry of Livestock Development has issued a warning to all Nigerians regarding an anthrax outbreak detected on a farm in Zamfara. Mr. Ben Goong, the Director of Information and Public Relations, announced the situation in Abuja.

Read more at https://entrepreneurng.com/fg-alerts-public-to-anthrax-outbreak-in-zamfara/

21/01/2025

The American Dream Will Soon Be Back” – Highlights from Trump’s Second Inauguration Speech!

During his second inaugural address, President Donald Trump expressed his belief that the American Dream is on the verge of a powerful resurgence!

In a 30-minute speech from the Capitol Rotunda, he pledged to kick off a “revolution of common sense” and launched an optimistic vision for a brighter future. Trump promised to usher in an “exciting new chapter of national achievement,” focusing on transformative changes to reverse what he views as previous setbacks.

Read more at https://entrepreneurng.com/the-american-dream-will-soon-be-back-full-text-of-donald-trumps-second-inauguration-speech/

20/01/2025

Donald Trump Sworn in for a Historic Second Term as 47th U.S. President!

Donald Trump was officially sworn in for his second term as President of the United States today! Standing beneath the iconic Rotunda of the U.S. Capitol, he took the oath of office with his mother’s Bible in hand, a powerful symbol of his journey.

Despite the bitterly cold weather leading to a smaller crowd, the atmosphere was charged with anticipation as Trump vowed to tackle key issues right away, focusing on immigration and culture wars.

Read more at https://entrepreneurng.com/donald-trump-sworn-in-for-historic-second-term-as-47th-u-s-president/

20/01/2025

Trump Advocates for 50% U.S. Ownership of TikTok!

U.S. President-elect Donald Trump announced that he envisions U.S. investors holding at least 50% ownership in TikTok, the popular Chinese-owned video app.

Speaking to supporters in Washington, Trump emphasized the significance of American involvement, saying, “TikTok is worth nothing, zero without an approval.” He believes that partnership with the U.S. would dramatically increase the app's value, turning it into a trillion-dollar opportunity!

Read more at https://entrepreneurng.com/trump-wants-50-u-s-ownership-of-tiktok/

20/01/2025

Libya Eyes Major Oil Production Boost to 2 Million Barrels Daily!

Libya as the National Oil Corporation (NOC) sets its sights on ramping up oil and gas output to 2 million barrels per day within the next three years! Currently producing around 1.41 million barrels, this ambitious goal will require an investment of $3-4 billion to secure the necessary funds for expansion.

Read more at https://entrepreneurng.com/libya-aims-to-boost-oil-and-gas-output-to-2-million-barrels-daily-within-three-years/

20/01/2025

Meet Fidelis Chidindu Nnamani - The digital trailblazer transforming Nigerian businesses!

Fidelis, the founder of Osisioma Computers, is revolutionizing operations with his expertise in graphics, web development, and AI. From AI-powered chatbots to innovative web-based management systems.

In an inspiring interview with Entrepreneurng, Fidelis shares his journey, the challenges, and triumphs of introducing digital transformation in Nigeria. He is not just solving problems but also shaping the future of tech in Nigeria and beyond.

Read the full interview here https://entrepreneurng.com/fidelis-nnamanis-smart-vision-leading-nigerias-digital-transformation-one-solution-at-a-time/

19/01/2025

Trump’s Meme Coin, $TRUMP, Soars to $21 Billion Market Valuation!

In a surprising turn of events, President-elect Donald Trump's new cryptocurrency, $TRUMP, has taken the market by storm!

Market Valuation: $21 Billion
Value Increase: Over 300% in just a few hours
Starting Value: $0.18
Peak Value: $21.51
Trade Volumes: Close to $1 Billion

Announced on Truth Social, the $TRUMP meme coin has captured the attention of the crypto community. Despite initial skepticism, official statements from Trump's verified accounts have confirmed the coin's legitimacy.

Read more at https://entrepreneurng.com/trumps-meme-coin-trump-market-valuation-reaches-21-billion-hours-after-launch/

19/01/2025

The Top Five Richest Africans in the USA

The African diaspora continues to shine in the USA, with remarkable success stories in business, entertainment, and beyond. Check out the top five richest Africans who have made significant strides and built impressive fortunes:

1. David Stewart - Net Worth: $3.7 billion
Founder of World Wide Technology (WWT), Stewart's tech enterprise serves major global clients. He’s celebrated for both his business acumen and philanthropic efforts.

2. Robert F. Smith - Net Worth: $8 billion
As the founder of Vista Equity Partners, Smith has made strategic investments in software and technology, solidifying his reputation in finance and social impact.

3. Michael Jordan - Net Worth: $2 billion
The legendary basketball player turned business mogul has lucrative deals with Nike and ownership of the Charlotte Hornets, expanding his influence beyond sports.

Read more at https://entrepreneurng.com/the-top-five-richest-africans-in-the-usa-video/

19/01/2025

Fuel Price Hikes Lead to Long Queues at Petrol Stations!

Major cities across Nigeria, including Lagos, Abuja and Port Harcourt, are witnessing long lines at filling stations following a significant spike in fuel prices. Many petrol stations have temporarily closed their doors as dealers navigate the situation and adjust pricing amid uncertainty.

Read more at https://entrepreneurng.com/fuel-price-increase-sparks-long-queues-at-petrol-stations/

19/01/2025

The Surprising Link Between Relationships and Health!

A Study published in Nature Human Behaviour unveils a connection between our social lives and our health! Researchers from the University of Cambridge and Fudan University analyzed blood samples from over 42,000 adults and found that those with stronger social relationships displayed distinct protein profiles linked to improved immune function.

Read more at https://entrepreneurng.com/causes-of-heart-disease-stroke-diabetes-risk-study/

18/01/2025

5 Reasons for Late Marriage: A Real Look at Modern Relationships!

Have you ever wondered why some committed couples choose to delay tying the knot, even after years of romance? Here are five compelling reasons why marriage may not be on the horizon for some couples this year:

1. Financial Instability: Many individuals prioritize achieving financial security before taking the plunge, wanting to avoid potential money struggles in their marriage.

2. Changing Perspectives: While marriage is seen as a beautiful bond, some view it as complex, outdated, or even unnecessary in today’s world.

Read more at https://entrepreneurng.com/5-reasons-for-late-marriage/

18/01/2025

Benefits of Onions with Alice!

Did you know that onions have been trusted for centuries to tackle ailments like headaches and coughs? Now, beautician Alice Robinson reveals that they are gaining recognition in the world of beauty too!

Alice shares a unique remedy for those dealing with thinning hair: create an onion hair masque by combining onion juice with 2 tsp of honey and leave it overnight. Apply it two to three times a week for best results!

Read more at https://entrepreneurng.com/alice-miraculous-benefits-of-onions/

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Fire Guts Fonex Petrol Station in Akwa Ibom! Tragedy struck early this morning as a massive fire engulfed the Fonex Petrol Station in Itam, Itu Local Government Area of Akwa Ibom State, destroying a truckload of Premium Motor Spirit (PMS). 🚒🚧 Firefighters from the state fire department, supported by police officers, arrived on the scene and worked tirelessly for hours to bring the blaze under control, although they were initially overwhelmed by the intensity of the flames. Motorists traveling on the Itam-Ikot Ada Idem route were quick to report the incident. Witness accounts reveal the fear and chaos that unfolded as the fire spread. Read more at https://entrepreneurng.com/fire-guts-fonex-petrol-station-in-akwa-ibom/ FonexPetrolStation #FireOutbreakakwaibom #EntrepreneurNg