Johnson & Johnson to Invest $1 Billion in New Pennsylvania Cell Therapy Manufacturing Facility, Creating 500+ Jobs
Johnson & Johnson announced Feb. 18 that it will invest more than $1 billion to build a next-generation cell therapy manufacturing facility in Montgomery County, Pennsylvania, expanding its U.S. production capacity for advanced treatments targeting cancer and neurological and immune-related diseases. The new site, to be operated by subsidiary Janssen Biotech, will be located in […]
Meta CEO Mark Zuckerberg Testifies in Landmark Social Media Addiction Trial in Los Angeles
LOS ANGELES — Meta Platforms, Inc. Chief Executive Officer Mark Zuckerberg took the stand Wednesday in a closely watched social media addiction trial at the Los Angeles Superior Court, responding to allegations that the company engineered its platforms to maximize engagement among children despite awareness of potential mental health harms. The case centers on a […]
Naira records mixed sentiments against US dollar across official, black markets
The Nigerian Naira recorded mixed trends against the US dollar on Wednesday, with fluctuations observed across both official and parallel markets. While some windows showed slight gains, others experienced minor declines, reflecting market uncertainty. At the official interbank rate, the Naira remained relatively stable, trading within narrow margins, while the black market exhibited higher volatility […]
Trump Announces $36 Billion in Initial Projects Under $550 Billion U.S.–Japan Trade Deal
WASHINGTON—President Donald Trump on Feb. 17 announced the launch of three major infrastructure and energy projects totaling $36 billion, marking the first phase of a broader U.S.–Japan trade agreement that includes a $550 billion Japanese investment commitment to American manufacturing and energy development. In a post on Truth Social, Trump said the projects represent the […]
Gateway Mortgage Bank Limited secures ₦2.2bn MOFI fund to boost home ownership
Gateway Mortgage Bank Limited has secured ₦2.2 billion from the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) to support home ownership and mortgage access in Nigeria. The bank has begun disbursing funds to qualified applicants under the initiative. Acting Managing Director Ronke Akinleye said the fund targets individuals seeking structured mortgage financing, making […]
NEM Insurance bolsters women empowerment with ‘She Means Business’ 3.0
NEM Insurance Plc has launched the third edition of its ‘She Means Business’ contest, aimed at empowering female entrepreneurs across Nigeria. The initiative opened on February 16, 2026, and closes February 28, 2026, encouraging women to showcase their business ideas. Mrs. Mojisola Teluwo, General Manager of Corporate Services, said three outstanding participants will receive ₦250,000 […]
DMO to auction N800bn bonds at N1,000 per unit
The Debt Management Office has announced a public offer of three Federal Government bonds worth N800 billion, priced at N1,000 per unit. The offer includes a N400 billion bond at 17.95% interest maturing in 2032, alongside two others valued at N300 billion and N100 billion with yields close to 20 percent. According to the agency, […]
Why Ogun 2026 budget increased by 58 percent – Commissioner for Finance
The Ogun State government has explained the reason behind its sharp budget increase for 2026, saying the rise reflects strong economic growth and deliberate reforms. The Commissioner for Finance and Chief Economic Adviser, Dapo Okubadejo, stated during a media briefing in Abeokuta that the approved ₦1.669 trillion budget shows the state’s improving financial strength and […]
Recapitalization: What will happen to bank consumers after March 31 deadline – Ogunbunka
The president of the Bank Customers’ Association of Nigeria, Uju Ogunbunka, has reassured Nigerians that bank customers have nothing to fear as the recapitalization deadline set by the Central Bank of Nigeria approaches. Speaking during an interview, he said depositors’ funds remain safe even if some banks fail to meet the new capital requirements. Ogunbunka […]
Flutterwave most licensed non-bank entity globally, holds over 50 licenses – CEO Agboola
The Chief Executive Officer of Flutterwave, Olugbenga Agboola, has revealed that the company now holds more than 50 licences worldwide, making it one of the most licensed non-bank financial technology firms globally. He made the announcement while celebrating the firm’s 10th anniversary, reflecting on its journey from a startup tackling payment challenges in Africa to […]