By Ayomide otitoju Zenith Bank Plc has reported a profit before tax of ₦625.63 billion for the half year ended June 30, 2025, on the back of strong growth in interest income and resilient asset quality. The Board approved an interim dividend of ₦1.25 per share, up 25 percent from the ₦1.00 declared in the…
By Ayomide Otitoju The African Export-Import Bank (Afreximbank), in partnership with the National Bank of Rwanda (BNR), will host the 2025 Afreximbank Compliance Forum (ACF2025) in Kigali from November 12–14, with a strong focus on how Artificial Intelligence (AI) is reshaping trade and compliance across Africa. Themed “Better Compliance – Better Trade: Embracing AI to…
By Ayomide Otitoju Dangote Petroleum Refinery has dismissed a request by the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) to raise petrol and diesel prices by ₦75 per litre, warning that such a move would push pump prices to as high as ₦950 for petrol and ₦1,090 for diesel in parts of the…
By Ayomide Otitoju Dangote Petroleum Refinery has accused the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) of demanding an annual subsidy of ₦1.505 trillion to enable its members to sell fuel at the same price as the refinery’s gantry. In a statement, the refinery said that although it makes products available to marketers…
By Ayomide Otitoju There was widespread jubilation on Wednesday, September 17, 2025, as Dangote Cement Plc’s Obajana Plant and the Jakura community signed a historic Community Development Agreement (CDA), paving the way for the implementation of mutually agreed social projects over the next five years. The agreement, one of several CDAs Dangote Cement has entered…
By Ayomide Otitoju Fidelity Bank Plc has announced a three-month extension of its flagship savings campaign, the Get Alert in Millions (GAIM) Season 6 promo, now set to run until November 30, 2025. The lender also increased the total cash rewards from ₦159 million to a record ₦189 million. The decision, the bank said, was…
By Ayomide Otitoju African Energy Week (AEW): Invest in African Energies will return to Cape Town from September 29 to October 3, bringing together more than 7,000 delegates for what is expected to be the event’s largest edition yet. Organised by the African Energy Chamber, the conference takes place at a pivotal moment for the…
By Ayomide Otitoju TotalEnergies has signed four Production Sharing Contracts (PSCs) for exploration blocks in Liberia, marking a major step in the country’s push to unlock its offshore oil and gas potential. The agreements, concluded under Liberia’s 2024 Direct Negotiation Licensing Round, cover Blocks LB-6, LB-11, LB-17 and LB-29 in the southern Liberia Basin. The…
By Ayomide Otitoju The African Development Bank Group (AfDB) has been named the new host of the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa NCA-CoP), reinforcing its leadership in integrating natural capital into climate-resilient development strategies across the continent. The Secretariat, previously hosted by the World Bank, will now be based…
