By Ayomide Otitoju The United States became a net exporter of crude oil to Nigeria for the first time in February and March 2025, according to a new report by the U.S. Energy Information Administration (EIA). The development marks a historic shift in the trade relationship between the two countries, with the U.S. typically importing…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has outlined a series of key achievements to mark the first 100 days in office of its new Group Chief Executive Officer, Engr. Bashir Bayo Ojulari. In a statement released via its social media platforms on Wednesday, the company credited Ojulari’s administration with major…
By Ayomide Otitoju Airtel Africa has introduced a groundbreaking AI-powered Spam Alert Service designed to combat the growing threat of mobile fraud and scam messages across the continent. With mobile phones increasingly used for communication, banking, and personal data storage, incidents of fraud through fake SMS, malicious links, and identity theft have surged, particularly in…
By Ayomide Otitoju Lafarge Africa Plc has reported a robust financial performance for the second quarter of 2025, with profit after tax soaring by 248% year-on-year to N84.03 billion. The cement and building solutions company posted revenue of N268.63 billion for the quarter, representing a 70% increase from N157.80 billion in Q2 2024. Operating profit…
By Ayomide Otitoju In a move to support Nigeria’s small and medium-sized enterprises (SMEs), Fidelity Bank Plc has unveiled a new empowerment initiative designed to equip entrepreneurs with digital tools to enhance business efficiency and competitiveness. Through the Fidelity SME Empowerment Program (FSEP), the bank will provide 100 selected entrepreneurs with a complete digital operations…
By Ayomide Otitoju Polaris Bank has reaffirmed its commitment to youth empowerment and grassroots development by supporting the 2025 edition of the Maracana Children’s Fest, benefiting more than 3,000 young people and families in Ajegunle, Lagos. The annual event, organized by the Nathaniel Idowu Foundation and held at the historic Maracana Stadium, brought together students,…
By Ayomide Otitoju Aliko Dangote, President/CEO of Dangote Industries Limited, has warned that Africa is becoming a dumping ground for substandard, often toxic petroleum products, as the continent continues to rely heavily on fuel imports due to insufficient refining capacity. Speaking at the West African Refined Fuel Conference in Abuja, Dangote revealed that his refinery…
By Ayomide Otitoju Ecobank Nigeria has reported strong financial performance for the first half of 2025, reflecting the impact of its ongoing transformation strategy aimed at driving revenue growth, improving asset quality, and enhancing operational efficiency. According to the bank’s financial results, revenue rose by 30% year-on-year to ₦113.7 billion, up from ₦87.6 billion in…
By Ayomide Otitoju Nigeria’s Gross Domestic Product (GDP) grew by 3.13% year-on-year in real terms in the first quarter of 2025, according to the National Bureau of Statistics (NBS), reflecting an improvement over the 2.27% growth recorded in Q1 2024. The NBS stated in its Q1 2025 GDP report that the expansion was driven mainly…
