By Ayomide Otitoju In a business landscape where longevity is rare, FirstHoldCo Plc (formerly FBN Holdings Plc) has demonstrated remarkable resilience, thriving for over 130 years in an environment where many enterprises struggle to survive beyond a decade. The financial services giant, one of Africa’s largest, has reinforced its commitment to Environmental, Social, and Governance…
By Ayomide Otitoju Senator Natasha Akpoti-Uduaghan has filed a defamation lawsuit against Senate President Godswill Akpabio following a dispute over the reassignment of her Senate seat. The controversy arose after a reshuffle in the Senate, triggered by opposition lawmakers defecting to the majority wing. Reports indicate that Akpoti-Uduaghan objected to the relocation of her seat,…
By Ayomide Otitoju Nigerian workers may now be spending up to 10% of the newly approved N70,000 minimum wage on data subscriptions following a recent tariff hike under the administration of President Bola Tinubu. The federal government approved a 50% increase in data tariffs after telecommunications companies cited rising operational costs as the justification for…
By Ayomide Otitoju Retail lender Unity Bank Plc has reported gross earnings of N59.3 billion for the financial year ended December 31, 2023, reflecting a 3.84% year-on-year growth. In its audited financial statement submitted to the Nigerian Exchange Group (NGX), the bank recorded improvements across key performance indicators, including a 23% surge in customer deposits…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has directed importers, customs agents, and other stakeholders to recapture their import declarations following the cancellation of the 4% Free-on-Board (FOB) charge on imports. In a statement issued by the National Public Relations Officer, Assistant Comptroller Abdullahi Maiwada, on behalf of the Comptroller-General of Customs, Bashir Adewale…
Regional blocs in eastern and southern Africa have appointed former leaders from Ethiopia, Kenya, and Nigeria to oversee peace efforts in the Democratic Republic of Congo (DRC) as fighting escalates in the country’s volatile east. The East African Community (EAC) and Southern African Development Community (SADC) have intensified diplomatic efforts in recent weeks to address…
By Ayomide Otitoju Nigeria’s Gross Domestic Product (GDP) grew by 3.84% in the fourth quarter of 2024, according to a report released by the National Bureau of Statistics (NBS) on Tuesday. This marks an improvement from the 3.46% growth recorded in Q3 2024 and the 3.46% reported in Q4 2023. Services Sector Leads GDP GrowthThe…
By Ayomide Otitoju The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has dismissed former Vice President Yemi Osinbajo’s characterization of former military President Ibrahim Babangida as Tinubu’s tormentor. The remark was made by Osinbajo last week at the public presentation of Babangida’s autobiography, “A Journey in Service”, held at the…
By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Shipping has entered into a new joint venture with Stena Bulk and Caverton Marine Limited to transform Nigeria’s maritime transportation. The partnership, announced Tuesday by NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, follows an agreement signed in London last week. The venture will establish a new…
