By Ayomide Otitoju The Nigeria Customs Service (NCS), Kano/Jigawa Area Command, has intercepted over ₦653.9 million worth of undeclared foreign currency at Mallam Aminu Kano International Airport (MAKIA), marking a major breakthrough in the fight against illicit financial flows. The seizure, which involved three suspects, was formally announced on Monday, July 8, 2025, during a…
By Ayomide Otitoju Stanbic IBTC Holdings PLC has announced the successful completion of its N148.7 billion Rights Issue, surpassing the Central Bank of Nigeria’s (CBN) N200 billion recapitalisation threshold for national banks. The transaction, which recorded a remarkable 21.9% oversubscription, reflects strong investor confidence in the institution’s strategic direction and financial strength. The Rights Issue,…
By Ayomide Otitoju Access Bank PLC, in collaboration with Fifth Chukker and UNICEF, is set to host the 2025 edition of its flagship charity event—the Access Bank UK Charity Polo Day—on Saturday, July 12, at the prestigious Guards Polo Club, Windsor, United Kingdom. This annual event, which merges philanthropy with sophistication, aims to raise vital…
Aviation start-up VivaJets has reiterated the strategic role of private aviation in accelerating Africa’s energy transformation, particularly within the oil and gas industry. At the recently concluded Nigerian Oil and Gas (NOG) Energy Week in Abuja, where the firm participated as both sponsor and exhibitor, VivaJets executives argued that private aviation should no longer be…
By Ayomide Otitoju Jaiz Bank Plc, Nigeria’s leading non-interest financial institution, has announced the appointment of Ahmed Indimi and Nike Kolawole as Non-Executive Director and Independent Non-Executive Director, respectively, as part of efforts to enhance governance and strategic leadership. In a statement issued Sunday, the bank said both appointments reflect its commitment to aligning with…
Global equities advanced on Tuesday after U.S. President Donald Trump extended the deadline for his planned “Liberation Day” tariffs by three weeks, offering a temporary reprieve for several major trading partners as negotiations continue. With the original tariff deadline just days away, Trump announced a new cutoff date of August 1, giving nations additional time…
Samsung Electronics on Tuesday projected a 56% year-on-year decline in its second-quarter operating profit, attributing the sharp drop to U.S. restrictions on the export of advanced AI chips to China. In a regulatory filing, the South Korean tech giant said it expects operating profit for the April–June period to fall to 4.6 trillion won ($3.3…
By Ayomide Otitoju TotalEnergies has announced that its Ubeta gas field project in Nigeria has entered the execution phase, with an expected production capacity of 70,000 barrels per day (bpd) of gas and condensates by 2027 — a major boost to the country’s gas development drive. In a statement released Monday, the French energy company…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) has donated 35 hybrid Compressed Natural Gas (CNG)-powered buses to the Presidential Initiative on Compressed Natural Gas (Pi-CNG), reaffirming its commitment to Nigeria’s clean energy transition. The donation, announced on Monday during a handover ceremony at the NNPC Towers in Abuja, marks a significant…
