By Ayomide Otitoju The Senate has directed the Nigeria Customs Service (NCS) to raise its revenue target for 2025 from ₦6 trillion to ₦10 trillion, amid concerns over worsening smuggling activities and national security threats. Chairman of the Senate Committee on Customs, Senator Isah Jibrin, issued the directive on Monday during a budget defence session…
By Ayomide Otitoju Amazon has announced plans to invest £40 billion ($54 billion) in the United Kingdom over the next three years, a major boost for Prime Minister Keir Starmer’s efforts to revive the British economy. The investment, unveiled on Tuesday, was described by Starmer as “a massive vote of confidence in the UK as…
By Ayomide Otitoju As part of its ongoing commitment to local content enhancement and inclusive community development, Dangote Cement Plc., Ibese Plant, has concluded its 2025 annual capacity development training for representatives of its host communities. Themed “Engagement and Advocacy Skills: Critical Tools for Community Representatives,” the workshop was held with participants drawn from host…
By Ayomide Otitoju The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, OON, has encouraged women professionals to embrace mentorship, continuous learning, and collaboration as tools for achieving career growth and leadership success. She made the call during a Women’s Roundtable held at the Fidelity SME Hub in Gbagada, Lagos,…
By Ayomide Otitoju Fidelity Bank Plc has restated its commitment to community welfare through the donation of food and essential items to the Old People’s Home in Yaba, Lagos. The initiative was executed by the bank’s Nexus Inductees Class under its Fidelity Helping Hands Programme (FHHP), a flagship Corporate Social Responsibility (CSR) platform that enables…
By Ayomide Otitoju Femi Soneye, Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL), has stepped down from his role, citing the need to attend to personal and family responsibilities. In a personal statement released on Saturday, Soneye expressed gratitude for the support he received during his 20-month tenure, describing his time…
By Ayomide Otitoju The African Export-Import Bank (Afreximbank) has announced plans to secure multi-billion-dollar funding agreements during its 32nd Annual Meetings (AAM2025), scheduled for June 25–27 in Abuja. According to a statement by Vincent Musumba, Afreximbank’s Manager of Communications and Events, the event will serve as a platform for memoranda of understanding (MoUs), investment partnerships,…
By Ayomide otitoju Dutch brewer Heineken has announced a complete withdrawal of staff and loss of operational control in conflict-affected areas of eastern Democratic Republic of Congo (DRC), following increased rebel activity. The company, which owns four breweries through its Congo subsidiary Bralima, confirmed on Friday that its Bukavu and Goma facilities are no longer…
By Ayomide Otitoju Point of Sale (POS) terminals processed transactions worth ₦223.27 trillion in 2024, nearly doubling the ₦110.35 trillion recorded in 2023, as Nigerians increasingly embraced digital payments over cash withdrawals, data from the Central Bank of Nigeria (CBN) has revealed. According to figures from the apex bank’s quarterly statistical bulletin, POS transaction volume…
