By Ayomide Otitoju The Board of Directors of the African Development Bank Group (AfDB) has approved $75 million in financing to support Nyanza Light Metals Pty Ltd (Nyanza), a South Africa-based company, in a major push to advance industrialization and local value addition across Africa’s titanium sector. The funding will enable the development of an…
By Ayomide Otitoju Coca-Cola Nigeria has officially launched its highly anticipated “Share A Coke” campaign in Lagos, turning the city into a hub of excitement and celebration on October 23, 2025. The event drew over 1,500 guests, including fans, influencers, and media personalities, for an evening filled with music, creativity, and shared joy. Guests personalized…
By Ayomide Otitoju Nestlé Nigeria Plc has reported strong financial performance for the nine months ended September 30, 2025, marking a solid return to profitability driven by significant revenue and operating income growth. According to the company’s unaudited results released on Wednesday, revenue rose by 33% year-on-year to ₦884.5 billion, up from ₦665.3 billion recorded…
By Ayomide Otitoju Fidelity Bank Plc has extended its flagship savings campaign, the Get Alert in Millions (GAIM) Season 6 promo, by three months, raising the total prize pool from ₦159 million to ₦189 million. The extension, announced in September 2025, reflects the bank’s commitment to strengthening financial inclusion, promoting savings culture, and rewarding customer…
By Ayomide Otitoju Guaranty Trust Holding Company Plc (GTCO) has released its unaudited consolidated and separate financial statements for the nine months ended September 30, 2025, to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE), posting a profit before tax (PBT) of ₦900.8 billion. The Group attributed the strong performance to growth…
U.S. chipmaker Nvidia will acquire a 2.9 percent stake in Finnish telecoms giant Nokia for $1 billion, the companies announced on Tuesday, sending Nokia’s shares soaring nearly 20 percent. The investment expands an existing strategic partnership between the two firms focused on developing Nokia’s 5G and 6G mobile network technologies using Nvidia’s advanced chips. “Nokia…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its commitment to revitalising and expanding downstream infrastructure across the country as part of efforts to strengthen collaboration and boost efficiency in the oil and gas sector. Group Chief Executive Officer, Engr. Bayo Ojulari, made this known on Monday during the opening…
By Ayomide Otitoju South Africa has lifted its long-standing moratorium on shale gas exploration, marking a pivotal moment in the country’s pursuit of energy independence and economic growth. After more than a decade of uncertainty, the move opens the door for exploration in the resource-rich Karoo Basin, which is estimated to hold up to 200…
By Ayomide Otitoju MTN Nigeria Communications Plc, in collaboration with the Worldwide Fund for Nature (WWF) through its local partner, the Nigerian Conservation Foundation (NCF), and the United Nations Development Programme (UNDP) Nigeria, has announced the shortlist of 100 young innovators for the second phase of the Nigeria PachiPanda Challenge. The initiative aims to foster…
