By Ayomide Otitoju Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has further increased his investment in the financial services group after a related company acquired 1.77 billion ordinary shares valued at ₦222.21 billion in a single transaction on the Nigerian Exchange (NGX). According to a share dealing notification dated July 30, 2026,…
By Ayomide Otitoju The Federal Government has described the Dangote Petroleum Refinery and Petrochemicals complex as a major pillar in Nigeria’s ambition to achieve a $1 trillion economy, pledging stronger collaboration with private investors to boost industrialisation, job creation and economic growth. Minister of State for Industry, Senator John Owan Enoh, stated this on Thursday…
By Ayomide Otitoju Zenith Bank Plc has strengthened its position as one of Africa’s leading financial institutions after posting a strong first-quarter 2026 performance, expanding its operations across the continent and earning top international recognition. The lender recently secured the prestigious Africa’s Best Bank and Nigeria’s Best Bank titles at the 2026 Euromoney Awards for…
By Ayomide Otitoju JMG Limited has commissioned an advanced hybrid solar power system at its Victoria Island branch in Lagos, marking another step in the company’s drive to provide reliable, sustainable and cost-effective energy solutions for businesses in Nigeria. The newly installed system integrates 66kWp of high-efficiency solar photovoltaic (PV) capacity, 80kW of hybrid inverter…
By Ayomide Otitoju MTN Nigeria, in partnership with the Worldwide Fund for Nature (WWF) through the Nigerian Conservation Foundation (NCF), the United Nations Development Programme (UNDP) Nigeria and Deloitte Nigeria, has launched the third edition of the Nigeria PachiPanda Challenge to promote innovative solutions to environmental challenges. The initiative, which forms part of MTN’s annual…
By Ayomide Otitoju Akwa Ibom State Governor Umo Eno has signed 14 Executive Bills into law, describing the legislative package as a major step towards strengthening governance, institutional reforms and the implementation of his administration’s ARISE Agenda. Governor Eno assented to the bills on Tuesday at the Executive Council Chambers, Government House, Uyo, saying the…
By Ayomide Otitoju Dangote Cement Plc has reaffirmed its commitment to sustainable business practices, environmental protection and responsible growth across Africa as the company continues to integrate sustainability into its operations. The company said its sustainability strategy focuses on reducing environmental impact, improving energy efficiency, promoting diversity and inclusion, supporting host communities and creating long-term…
By Ayomide Otitoju Ecobank Nigeria has launched Scaling Up, a business-focused podcast aimed at inspiring, educating and empowering entrepreneurs, founders, business leaders and emerging innovators across Africa. The bank said the podcast, which will be available on its official YouTube channel and other major digital streaming platforms, is designed to support businesses beyond financial services…
By Ayomide Otitoju Dangote Petroleum Refinery and Petrochemicals has secured $2.5 billion in fresh private equity investment to support the next phase of its expansion and strengthen its position in Africa’s downstream energy sector. The company announced on Thursday that the funds were raised through a private placement involving the issuance of approximately 3.7 trillion…
