By Ayomide Otitoju Africa’s richest man and industrialist, Aliko Dangote, has stepped down as Chairman of the Board of Dangote Cement Plc, effective July 25, 2025, the company has announced. In a statement released by Group Chief Branding & Communications Officer, Anthony Chiejina, Dangote’s decision was attributed to his intention to focus on strategic sectors…
By Ayomide Otitoju Fidelity Bank Plc has launched the “Lighting Young Minds” initiative, donating 1,000 solar-powered school bags to public primary school pupils across Ogun State in a move aimed at improving educational access in underserved communities. The initiative was unveiled on July 4, 2025, at a special ceremony in Abeokuta, where Fidelity Bank CEO…
By Ayomide Otitoju Africa’s richest man and President of the Dangote Group, Aliko Dangote, has applauded President Bola Ahmed Tinubu for policies he says are restoring investor confidence and accelerating economic stability in Nigeria. Dangote made the remarks during the weekend while hosting the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, at the…
By Ayomide Otitoju Union Bank of Nigeria has concluded the fourth edition of its Save and Win Palli Promo, awarding ₦5 million each to three lucky customers in a grand finale held at the Bank’s headquarters in Marina, Lagos. Since its launch, the savings initiative has distributed over ₦330 million in cash and gift prizes…
By Ayomide Otitoju Nestlé reported a 10.3% decline in first-half net profit to 5.1 billion Swiss francs ($6.4 billion) on Tuesday, as weak consumer spending in China and high input costs continue to weigh on the Swiss food giant. While group sales dipped just 1.8% to 44.2 billion francs, the company attributed the decline largely…
By Ayomide Otitoju French media conglomerate Canal+ has received approval from South Africa’s Competition Tribunal to proceed with its proposed acquisition of MultiChoice Group, clearing the final regulatory hurdle in the multi-billion rand deal. The approval allows Canal+ to acquire Africa’s largest pay-TV company, which operates platforms such as DStv and GOtv. Canal+ had earlier…
By Ayomide Otitoju The Minister of Solid Minerals Development, Dr. Dele Alake, has lauded Dangote Cement Plc, Ibese Plant, for its continued investment in agricultural development and food security through its Farmers Empowerment Programme. Speaking at the 2025 edition of the programme in Ibese, the Minister—represented by Mines and Environment Compliance Officer (South-West), Mr. Mathew…
By Ayomide Otitoju Stanbic IBTC Bank, a member of Standard Bank Group, has emerged as a double winner at the Euromoney Awards for Excellence 2025, clinching titles for Best Bank for Securities Services and Best Bank for SMEs in Nigeria. The awards recognize Stanbic IBTC’s commitment to operational excellence and tailored financial services. The Securities…
By Ayomide Otitoju Fidelity Bank Plc has launched the Fidelity SME Empowerment Program (FSEP) to equip 100 growth-ready Nigerian small businesses with digital tools and operational support. The initiative was unveiled on July 23 at the bank’s SME Hub in Gbagada, Lagos. The program provides selected SMEs with ERPRev-enabled POS systems, inventory tools, branding support,…
