Access Bank and its top officials are involved in two legal actions arising from disputes over a loan. At the heart of the face-off is a property owned by Gbolahan Obanikoro—the son of prominent Lagos politician Musiliu Obanikoro—used as ...
Read More »Wema Bank unveils 80th Anniversary Identity
In preparation for its 80th anniversary, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has unveiled the identity for its 80th anniversary celebration. Set for Friday, May 2nd, 2025, this grand anniversary ...
Read More »Dangote refinery exports jet fuel to Saudi Aramco
The Dangote refinery says it has sold two cargoes of aviation fuel to Saudi Aramco, the national oil company of Saudi Arabia. A statement from the Lekki-based firm on Wednesday stated that the President of the Dangote Group, Alhaji ...
Read More »Lokpobiri decries abandoned refinery project in N’Delta, vows revival
Lokpobiri decries abandoned refinery project in N’Delta, vows revival Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has condemned the long-standing abandonment of the Brass Modern Refinery project in Bayelsa State, calling it “unacceptable.” During an ...
Read More »Retired generals connive with foreigners to steal solid minerals – Oshiomhole
Adams Oshiomhole, chairman of the Senate Committee on Interior, has doubled down on his allegation that some retired military generals, in connivance with foreigners, are stealing Nigeria’s solid minerals Oshiomhole clarified his initial claim on Arise TV’s Prime Time ...
Read More »Govt releases power tariff hike guidelines for Discos
As controversies trailed the purported electricity tariff hike by the Federal Government, the Nigerian Electricity Regulatory Commission has issued regulations on the procedure for tariff reviews. The latest order, signed by NERC Chairman, Sanusi Garba, stated that pursuant to ...
Read More »Marketers may dump NNPCL as price war with Dangote rages
Some oil marketers are beginning to change the logo of the Nigerian National Petroleum Company Limited on their filling stations, as the dealers dump the franchise deals with NNPCL due to the stiff competition in the prices of refined ...
Read More »JEZCO GROUP: YET ANOTHER REMARKABLE FEAT AS JEZCO OPENS A NEW FUEL STATION IN AWKA
JEZCO GROUP: YET ANOTHER REMARKABLE FEAT AS JEZCO OPENS A NEW FUEL STATION IN AWKA . . .Gives Free Fuel And Engine Oil To Numerous Drivers Who Attended The Event In a bold move to spread wider, expand its ...
Read More »Elon Musk shuts down USAID
Elon Musk and President Donald Trump shut down the embattled government agency tasked with humanitarian relief overseas after they agreed the organization was ‘beyond repair’ The billionaire ‘first buddy’ led a civilian review of the federal government with Trump’s ...
Read More »Teni wins $50,000 payout from Arsenal’s 5-1 victory against City
Teni is over the moon after winning a staggering $50,000 from her $25,000 stake on the Arsenal vs Manchester City match. Arsenal’s impressive 5-1 win over Manchester City doubled Teni’s initial stake, leaving her with a hefty payout. Teni ...
Read More »FG plans fresh electricity tariff hike
The Federal Government says Nigerians should brace up for fresh electricity tariffs in months. President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, said this in an interview in Dar es Salaam, Tanzania, according to Bloomberg. Verheijen was in ...
Read More »Trump to enforce tariff hikes on Canada, Mexico, China from Feb 1
President Donald Trump will impose tariffs Saturday on the three largest US trading partners – Canada, Mexico and China – the White House said, sparking concern for global trade. Trump has reiterated plans for 25 percent tariffs on neighbors ...
Read More »Trump threatens BRICS with 100% tariffs if they replace dollar
US President Donald Trump, on Thursday, threatened the BRICS group of emerging economies with 100 per cent tariffs if they move away from the US dollar as an international means of payment. “The idea that the BRICS countries are ...
Read More »FBN Holdings earnings rise by 113% to N3.3tn
FBN Holdings grew its gross earnings by 113 per cent to N3.33tn in the 2024 financial year. This was indicated in the group’s unaudited financial statement published on Thursday via the platform of the Nigerian Exchange Limited. FBN Holdings ...
Read More »Burst aircraft tyre: FG suspends Max Air, examines other airlines
The Federal Government, through the Nigeria Civil Aviation Authority, has announced the suspension of operations by Max Air following Tuesday night’s incident involving the airline’s aircraft in Kano. It also announced on Wednesday that it had commenced organisational risk ...
Read More »NESG Appoints Wole Adeniyi, Mohamad Darwish, and Olusegun Alebiosu as Board Members
NESG Appoints Wole Adeniyi, Mohamad Darwish, and Olusegun Alebiosu as Board Members The Nigerian Economic Summit Group (NESG) has announced the appointment of three leaders, Mr Wole Adeniyi, Mr Mohamad Darwish, and Mr Olusegun Alebiosu, to its board ...
Read More »Oyo has enabling environment for tech companies to thrive – Makinde
The Oyo State governor, Seyi Makinde, has stated that his administration has done a number of things to create an enabling environment for technology-oriented companies and others to thrive in the state. Makinde stated this at the weekend while ...
Read More »Marketers may dump Dangote fuel as imported petrol costs N922/litre
•Imported PMS landing cost now cheaper than Dangote’s price as dealers import 76.84m litres in two days Oil marketers have revealed that the landing cost of Premium Motor Spirit (petrol) as of Friday was N922.65 per litre. Dealers said ...
Read More »Against all Odds, FirstBank Eyes Another Decade of Growth
Against all Odds, FirstBank Eyes Another Decade of Growth By Geoff Iyatse In the first nine months of last year, the earnings per share (EPS) of FBNHoldings Plc, the parent company of First Bank of Nigeria Limited ...
Read More »Ekiti monarch laments poor telecom services, questions tariff hike
Former Chairman of Ekiti State Council of Traditional Rulers and the Alawe of Ilawe Ekiti, Adebanji Alabi, has cautioned telecommunications service providers against ripping off Nigerians with tariff increases without commensurate good services. Alabi, who bemoaned the poor services ...
Read More »Trump backs TikTok sale to Musk, Ellison, seeks 50% for US
US President Donald Trump has said he is open to the owner of Tesla and the platform X, Elon Musk, buying TikTok. TikTok was recently banned in the United States because of national security concerns linked to its Chinese ...
Read More »FirstBank’s FirstGem: Redefining Women’s Empowerment in Nigeria
FirstBank’s FirstGem: Redefining Women’s Empowerment in Nigeria By Tosin Ajayi The story of women’s contribution to Nigeria’s economy is as old as the nation itself. It is no secret that women are the largest untapped source of ...
Read More »WEMA BANK ANNOUNCES FINAL TRANCHE OF CAPITAL RAISE EXERCISE
WEMA BANK ANNOUNCES FINAL TRANCHE OF CAPITAL RAISE EXERCISE …Set to raise additional N200 billion in combination of Rights & Special Placement to complete CBN recapitalization requirement. Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully ...
Read More »NLC demands power minister’s resignation over grid collapse
The Nigerian Labour Congress has called for the resignation of the Minister of Power, Adebayo Adelabu, over the repeated collapse of the national power grid. In a statement late Tuesday night by the NLC President, Joe Ajaero, the union ...
Read More »MTN raises N42.2bn in commercial paper issuance
MTN Nigeria Communications Plc has successfully raised N42.2bn through its Series 15 and 16 Commercial Paper issuance under the company’s N250bn Commercial Paper Issuance Programme. In a recent disclosure to the Nigerian Exchange Limited by the company secretary, Uto ...
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