By Ayomide Otitoju Fidelity Bank Plc has reaffirmed its commitment to Nigeria’s economic diversification drive by strengthening the capacity of businesses and professionals to participate effectively in international trade. The bank recently hosted the 19th edition of its Export Management Programme (EMP) at Lagos Business School (LBS), Ajah, Lagos, bringing together entrepreneurs, industry professionals, regulators…
By Ayomide Otitoju The Federal Government and the Niger State Government have commenced the development of what is expected to be Nigeria’s largest solar-powered industrial project, marking a significant step in the country’s industrialisation and renewable energy agenda. The groundbreaking ceremony, held in Niger State, was attended by the Minister of Power, Joseph Tegbe; Minister…
By Ayomide Otitoju Lagos State Governor, Mr. Babajide Sanwo-Olu, has described Nigeria’s energy transition process as a critical step toward achieving energy security, noting that recent reforms granting states greater control over power generation and distribution will help address the country’s energy challenges. Sanwo-Olu made the remarks on Tuesday while speaking at the Under2 States…
By Ayomide Otitoju Dutch brewing giant Heineken has announced the appointment of Rafael Oliveira, formerly of coffee company JDE Peet’s, as its next chief executive officer, pending shareholder approval. Oliveira will succeed outgoing CEO Dolf van den Brink, who is set to leave the role in January after six years in charge, a period the…
By Ayomide Otitoju African insurance stakeholders are set to gather in Cotonou, Benin, from July 6 to 8, 2026, for the General Assembly on Insurance for All, a major continental event aimed at expanding insurance access and strengthening the sector’s contribution to economic and social development across Africa. The assembly, organized by the Federation of…
By Ayomide Otitoju Lagos State has formally joined the Under2 Coalition, the world’s largest network of states and regions committed to achieving net-zero emissions and building climate-resilient economies. Governor Babajide Sanwo-Olu signed a Memorandum of Understanding (MoU) with Climate Group on Monday in London during the 2026 London Climate Action Week, marking the state’s entry…
By Ayomide Otitoju Shareholders of Access Holdings Plc have expressed strong support for the company’s long-term value creation strategy, saying they remain confident in its earnings outlook as Nigeria’s largest financial services group continues its transition towards sustainable returns. Speaking at the company’s Annual General Meeting (AGM), shareholders said the group’s ongoing strategic shift from…
By Ayomide Otitoju Data from the Nigerian Foreign Exchange Market (NFEM) showed that the official exchange rate closed at about ₦1,363.41 per US dollar on Monday. At the prevailing rates, $100 exchanged for approximately ₦136,341 at the official window and around ₦140,000 in the parallel market. The gap between the official and parallel market rates…
By Ayomide Otitoju Lagos State Governor, Babajide Sanwo-Olu, has said Lagos is strategically positioned as Africa’s leading geoeconomic hub, driven by strengths in trade, infrastructure, finance, technology, and human capital. Speaking on Saturday at the Geo-Economic Optimization Summit Lagos 2026 organised by the Citadel School of Government in Oregun, Sanwo-Olu said geoeconomics now defines global…
