By Ayomide Otitoju The Managing Director of Palmpay Limited, Mr. Chika Nwosu, may face imprisonment as the Federal High Court in Lagos prepares to hear a committal application accusing him of contempt in a ₦95 million cyber fraud case. The legal action, brought by PRO INTERNATIONAL CONCEPT through its counsel, Bayo Omotubora & Co., seeks…
By Ayomide Otitoju Zenith Bank Plc has become Nigeria’s most capitalized financial institution in terms of share capital and share premium, reaching a total of ₦614.65 billion—well above the ₦500 billion threshold set by the Central Bank of Nigeria (CBN) for banks with international licenses. The CBN in March 2024 directed all commercial banks with…
By Ayomide Otitoju Israel has temporarily shut down all its diplomatic missions worldwide amid its ongoing military operations in Iran, the Ministry of Foreign Affairs announced Friday. The closure means consular services are currently unavailable to Israeli citizens abroad. In a statement, the ministry advised Israelis overseas to update their location via an online form…
By Ayomide Otitoju Adron Homes and Properties Limited, a leading name in Nigeria’s real estate sector, made a striking appearance at the 2025 edition of the Ojude Oba Festival, reaffirming its dedication to cultural heritage and community development. Operating under the banner of the “House of Adron,” the company turned heads with a colourful display…
By Ayomide Otitoju The Spanish Agency for International Development Cooperation (AECID) and the World Health Organization (WHO) have signed a new agreement formalizing a €5.25 million contribution from Spain to support critical WHO initiatives. Announced on Friday, the funding was welcomed by WHO Director-General Dr. Tedros Adhanom Ghebreyesus, who commended Spain for its continued support…
By Ayomide Otitoju Rite Foods Limited has reiterated its dedication to cultural preservation and community impact following its active participation in the 2025 edition of the Ojude Oba Festival, where it catered to over 21,000 guests. Speaking during the annual celebration at the Awujale Pavilion in Ijebu-Ode, the company’s Head of Corporate Affairs and Sustainability,…
By Ayomide Otitoju PremiumTrust Bank has strengthened its national footprint with the launch of a new branch in Osogbo, the capital of Osun State, bringing its total number of physical branches across Nigeria to 23. In a statement issued on Thursday, the bank emphasized that the opening aligns with its strategic goal to deepen financial…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disclosed that it generated ₦5.89 trillion in operational revenue for April 2025 and made statutory payments totaling ₦4.22 trillion to the Federation Account between January and March. In its April 2025 Monthly Report Summary released on Thursday—marking the first official financial report under…
By Ayomide Otitoju Sterling Bank has unveiled a N2 billion scholarship programme aimed at supporting 600 young Nigerians studying in private universities, in what the bank described as the largest private sector investment in a single Nigerian tertiary institution. According to the bank’s CEO, Abubakar Suleiman, the initiative—under the Sterling Beyond Education programme—targets future leaders…
