By Ayomide Otitoju The Society of Energy Editors has called on the Ministry of Petroleum Resources, led by President Bola Tinubu, to address the uncertainty surrounding the tenure of Mallam Mele Kyari, Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC). Kyari recently turned 60, prompting speculation about his retirement in line with…
By Ayomide Otitoju Fidelity Bank Plc is capturing the spotlight on the Nigerian Exchange (NGX) as investors bet on the lender’s ability to sustain its earnings growth trajectory into 2025. The Tier-2 bank’s share price climbed steadily last week, reflecting heightened investor interest. By the close of trading on Friday, Fidelity Bank’s share price rose…
By Ayomide Otitoju Airtel Nigeria has unveiled its new Company-Owned-Company-Operated (COCO) retail store in Sangotedo, Lagos, as part of its commitment to delivering exceptional customer service and seamless retail experiences. The store was officially launched on Friday, January 24, 2025. The facility is designed to provide end-to-end support for customers, including instant SIM activation, bill…
By Ayomide Otitoju Zenith Bank Plc has announced the successful conclusion of its hybrid Rights Issue and Public Offer, raising a total of ₦350.4 billion. The bank disclosed this milestone in a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, following regulatory approvals from the Central Bank of Nigeria (CBN)…
By Ayomide Otitoju Former Anambra State Governor and Labour Party Presidential Candidate, Peter Obi, has reaffirmed his commitment to health, education, and poverty alleviation with a ₦25 million donation to the Immaculate Heart Sisters’ healthcare facility in Mmiata Anam, Anambra East Local Government Area. Obi, accompanied by philanthropist Prof. Michael Ozuah, presented the cheque during…
By Ayomide Otitoju In a groundbreaking move to elevate Nigeria’s creative economy, Design Week Lagos is teaming up with Ecobank Nigeria and the Ministry of Arts, Culture, Tourism, and Creative Economy to unveil the 2025 Design and Innovation Exhibition. This inaugural event is set to redefine Nigeria’s industrial and creative landscape, offering a platform to…
By Ayomide Otitoju FirstBank of Nigeria Limited, under its parent company FBNHoldings Plc, has set its sights on another decade of growth and transformation following impressive financial results. The bank reported a 125% year-on-year (Y/Y) growth in earnings per share (EPS) and a 165% increase in interest income to ₦1.63 trillion during the first nine…
By Ayomide Otitoju Zenith Bank, one of Africa’s foremost financial institutions, has reaffirmed its commitment to employee welfare with the promotion of more than 4,000 staff members and salary adjustments ranging from 20% to 30% across various grades. This landmark initiative, effective January 1, 2025, underscores the bank’s recognition of its workforce as its most…
The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, has hinted at a potential resignation amidst the ongoing controversy surrounding the proposed N580 billion budget for Nigerian airport runways. Kuku made the disclosure during an interview on Television Continental on Thursday evening, where she addressed pressing issues within the aviation sector….
