By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) is considering selling off its refineries in Port Harcourt, Warri, and Kaduna following persistent challenges in their rehabilitation efforts, the company’s Group Chief Executive Officer, Bayo Ojulari, has revealed. Ojulari disclosed this during an interview with Bloomberg on the sidelines of the 9th OPEC International…
By Ayomide Otitoju In a continued push toward national digital transformation, Airtel Nigeria has convened top executives in the Banking, Financial Services, and Insurance (BFSI) as well as utilities sectors for a high-level, two-day workshop aimed at co-developing technology-driven solutions tailored to critical economic sectors. Held from July 8 to 9, 2025, at the Lagos…
By Ayomide Otitoju Nigeria’s digital frontier has received a boost as telecommunications giant Globacom unveiled three innovative digital services—Animation World Promo, Sport Brain, and Treasure Spin—designed to enrich the subscriber experience through education, entertainment, and rewards. In a statement released on Monday in Lagos, Globacom said the new services reflect its continued commitment to delivering…
By Ayomide Otitoju Union Bank of Nigeria has reaffirmed its commitment to national development by partnering with the maiden International Civil Service Conference, held on June 25–26, 2025, at the Eagle Square Arena in Abuja. Themed “Rejuvenate, Innovate & Accelerate”, the high-level gathering brought together civil servants, policymakers, and development experts to advance discussions on…
By Ayomide Otitoju In a move set to further ease the cost of fuel for Nigerians, the Dangote Refinery has announced a fresh reduction in the ex-depot price of Premium Motor Spirit (PMS) from ₦840 to ₦820 per litre, effective immediately. This marks the second reduction within a week, following an earlier cut from ₦880…
By Ayomide Otitoju In a significant humanitarian effort, Fidelity Bank Plc has provided essential relief materials—including mattresses and food items—to more than 2,000 internally displaced persons (IDPs) affected by recent violence in Yelwata, Benue State. The donation was made at the Ultra-Modern International Market IDP Camp in Makurdi, in collaboration with the Abbasid Charity Foundation,…
By Ayomide Otitoju The Aliko Dangote Foundation has commenced the distribution of 10,000 bags of rice, each weighing 10 kilograms, to vulnerable groups, persons with disabilities, and the less privileged in Bayelsa State, as part of its ongoing National Food Intervention Programme. The exercise was officially flagged off in Yenagoa, the state capital, with the…
By Ayomide Otitoju The Nigeria Customs Service (NCS), Kano/Jigawa Area Command, has intercepted over ₦653.9 million worth of undeclared foreign currency at Mallam Aminu Kano International Airport (MAKIA), marking a major breakthrough in the fight against illicit financial flows. The seizure, which involved three suspects, was formally announced on Monday, July 8, 2025, during a…
By Ayomide Otitoju Stanbic IBTC Holdings PLC has announced the successful completion of its N148.7 billion Rights Issue, surpassing the Central Bank of Nigeria’s (CBN) N200 billion recapitalisation threshold for national banks. The transaction, which recorded a remarkable 21.9% oversubscription, reflects strong investor confidence in the institution’s strategic direction and financial strength. The Rights Issue,…