By Ayomide Otitoju Wema Bank Plc (Bloomberg: Wema NL) has announced the successful completion of its second-tranche ₦50 billion Special Placement, which was fully subscribed, bringing the bank’s total qualifying capital to ₦264.87 billion—well above the Central Bank of Nigeria’s (CBN) ₦200 billion minimum capital requirement for commercial banks with national authorization. The latest capital…
By Ayomide Otitoju The Lagos State Government has restated its commitment to enhancing emergency preparedness and trauma response systems to minimize preventable deaths from road accidents. This reaffirmation came on Thursday during a symposium commemorating World Trauma Day 2025, themed “Reducing Needless Deaths on Our Roads: Everybody’s Responsibility,” held at the Lagos Chamber of Commerce…
A delegation from Japan Tobacco International (JTI) Nigeria has paid a courtesy visit to the Swiss Ambassador to Nigeria, His Excellency Patrick Feliz Egloff, at the Swiss Embassy in Abuja, aimed at strengthening diplomatic and corporate relations between both parties. By Ayomide Otitoju The JTI delegation comprised Vivian Ikem, Corporate Affairs & Communications Director; Mr. Abdallah Simba, General Manager; and Chioma Nwachuku,…
By Ayomide Otitoju The Federal Government and electricity generation companies (GenCos) have agreed on a comprehensive payment plan to settle outstanding debts under the Presidential PowerA statement released on Tuesday by the Special Adviser to the President on Energy, Olu jen, said the framework, approved by President Bola Tinubu, is designed to address structural bottlenecks…
By Ayomide Otitoju Governor Douye Diri of Bayelsa State has announced his resignation from the Peoples Democratic Party (PDP), deepening the crisis within Nigeria’s main opposition party. Diri made the announcement on Wednesday, October 15, 2025, during a meeting with top government officials at the Executive Council Chamber of the Bayelsa State Government House in…
By Ayomide Otitoju Former Ekiti State Governor Ayo Fayose has described Peter Obi, the Labour Party’s 2023 presidential candidate, as the only remaining opposition voice in Nigeria’s political landscape. Speaking on Politics Today on Channels Television on Wednesday, Fayose stated that despite Obi’s strong influence, no political figure or coalition would be able to defeat…
By Ayomide Otitoju Fearless Energy Drink, the bold and vibrant brand from Rite Foods Limited, has returned as the Exclusive Energy Drink Sponsor of Felabration 2025, the world-renowned festival celebrating the life, music, and legacy of Afrobeat legend Fela Anikulapo-Kuti. Themed “Shakara,” this year’s edition runs from October 13 to 19, 2025, at the New…
By Aytomide Ototoju Rite Foods Limited, Nigeria’s leading food and beverage company, has reiterated its commitment to building a sustainable food system as it joined the global community to commemorate World Food Day 2025, themed “Hand in Hand for Better Food and a Better Future.” Emphasizing responsible and sustainable production, the company noted that its…
By Ayomide Otitoju A new documentary is challenging long-held misconceptions about Africa’s pastoralists, portraying them not as marginalized relics of the past but as innovative leaders driving change across the continent’s drylands. Titled Charting New Futures in Africa’s Drylands, the film showcases stories from pastoralist communities in Kenya, Nigeria, and South Sudan—spotlighting their resilience, adaptability,…
