By Ayomide Otitoju MTN Nigeria has partnered with CardCentre Nigeria Limited, a subsidiary of Chams HoldCo, to roll out eco-friendly SIM cards made entirely from biodegradable materials. The initiative, unveiled in Lagos, aims to reduce plastic waste in Nigeria and across West Africa. In a statement on Monday, the companies said the SIM cards are…
By Ayomide Otitoju Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN). The transaction, which began with the signing of a Share Sale Agreement in 2021, formally consolidates Titan Trust’s operations into Union Bank. The combined entity…
By Ayomide Otitoju Access Holdings Plc has appointed Mr. Innocent Ike as its substantive Group Managing Director/Chief Executive Officer, effective August 29, 2025, following regulatory approval. The announcement, contained in a statement signed by the company secretary, Sunday Ekwochi, came hours after Roosevelt Ogbonna resigned from the board in line with new corporate governance rules…
By Ayomide Otitoju FirstBank has announced that it has disbursed over ₦1 trillion in digital loans since the launch of its instant lending platform in 2019, marking a historic milestone in Nigeria’s financial services sector and redefining access to credit for millions. For decades, Nigeria’s credit system excluded a large segment of the population, especially…
By Ayomide otitoju Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, says Nigeria’s crude oil pipeline and terminal receipts have risen to nearly 100 per cent, following intensified security operations against crude theft and pipeline vandalism. Ojulari disclosed this on Monday at the 2025 African Chiefs of Defence Staff Summit,…
By Ayomide Otitoju The atmosphere at the Ondo State Specialist Hospital, Akure, was filled with relief and gratitude as the Glo Foundation, the corporate social responsibility arm of Globacom, paid the delivery costs of 35 women and distributed essential baby items, including diapers and relief materials. The initiative, warmly received by the beneficiaries, forms part…
By Ayomide Otitoju Polaris Bank Plc, in partnership with the Nigeria Conservation Foundation (NCF), has launched a tree-planting campaign in Rivers State to combat carbon emissions and promote sustainable environmental practices. The initiative was unveiled at Bodo City Girls Secondary School in Gokana Local Government Area, according to a statement from the bank. It marks…
By Ayomide Otitoju FCMB Group Plc has announced plans to raise equity capital as part of efforts to strengthen its financial base and support its regional and international growth strategy. In a notice filed with the Nigerian Exchange and communicated to stakeholders, the company disclosed that its Board of Directors, acting on shareholders’ approval at…
By Ayomide Otitoju Nigeria’s oil production climbed to an average of 1.71 million barrels of oil per day (bopd) in July 2025, according to fresh data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The output included 1.507 million bopd of crude oil and 204,864 bopd of condensates, marking a 9.9% increase from July…
