By Ayomide Otitoju Nigerian agritech startups supported by First City Monument Bank (FCMB) are preparing to expand into other African markets as the bank seeks to scale homegrown agricultural technology solutions across the continent. FCMB disclosed this in its AgriTech Alumni Impact Report, highlighting ventures such as AgroCist and Crop2Cash as examples of startups with…
By Ayomde Otitoju The Dangote Petroleum Refinery has increased the price of Automotive Gas Oil (AGO), commonly known as diesel, by ₦100 per litre, raising its gantry price from ₦1,570 to ₦1,670 per litre. The new price takes effect from midnight on Friday, August 21, representing a 6.4 per cent increase. The adjustment comes after…
By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu has reaffirmed his administration’s commitment to ending persistent blackouts and achieving 24-hour electricity supply across the state. Sanwo-Olu said the Lagos State Government would work with key stakeholders to increase available electricity supply to about 3,500 megawatts (MW) through coordinated efforts in generation, transmission, distribution and metering….
By Ayomide Otitoju Fidelity Bank Plc has distributed essential food items to more than 1,000 families in Kogi State through its Fidelity Food Bank Initiative as part of efforts to tackle food insecurity and support vulnerable households. The outreach, held at the Youth Centre in Lokoja, is part of the bank’s broader Corporate Social Responsibility…
By Ayomide Otitoju Gombe State Governor Muhammadu Inuwa Yahaya has approved an additional ₦148.762 million monthly subvention for Gombe State University (GSU) to avert an impending strike by the institution’s Academic Staff Union of Universities (ASUU) chapter. The intervention follows a 14-day strike ultimatum issued by ASUU-GSU on August 11, 2026, over unpaid salary arrears,…
By Ayomide Otitoju FirstBank has launched a nationwide Pensioners Roadshow to raise awareness among eligible legacy pensioners about the bank’s approved Pension Settlement Framework. The roadshow, which will run from August 18 to September 3, 2026, is aimed at providing pensioners with information about the framework and addressing concerns surrounding its implementation. The Pension Settlement…
By Ayomide Otitoju FirstBank will host the inaugural public lecture of the Samuel Asabia Professorial Chair in Business Ethics and Governance at the University of Lagos on September 3, 2026. The lecture, themed “Business Ethics and the Future of Nigeria’s Economy,” will bring together academics, students, business leaders, entrepreneurs, policymakers and other stakeholders to examine…
By Ayomide Otitoju The Federal Government has commissioned upgraded transmission infrastructure at Alausa and Lekki in Lagos, adding a combined 272 megawatts (MW) of bulk power capacity to two of the state’s major economic corridors. Minister of Power Joseph Tegbe commissioned the projects on Tuesday as part of the government’s efforts to strengthen Nigeria’s transmission…
Meta knowingly exploited children by designing Instagram and Facebook features to encourage addictive use, prosecutors told a federal court on Tuesday as the social media giant faced trial over allegations that its platforms deliberately targeted young users. The case has been described by experts as a potential “big tobacco moment” for the technology industry. A…
