By Aymide Otitoju Nigeria and Ghana could face heightened economic pressures as a result of the escalating conflict between Iran and Israel, with rising oil prices and investor uncertainty threatening currency stability, foreign investment, and inflation, according to a new report by SBM Intelligence. In the report, titled The Escalating Iran-Israel Conflict and its Implications…
By Ayomide Otitoju The African Export-Import Bank (Afreximbank) has taken a central role in arranging a landmark $1.6 billion senior secured term loan facility for Suriname’s state-owned energy firm, Staatsolie Maatschappij Suriname N.V., marking a major milestone in the country’s push towards offshore oil production. Afreximbank served as global coordinator and joint mandated lead arranger…
By Ayomide Otitoju Dangote Petroleum Refinery has announced a nationwide initiative to distribute petrol and diesel at no cost to marketers, dealers, and large-scale users, beginning August 15, 2025. In a statement released on Sunday, the Lagos-based facility said the program is part of its broader strategy to ease logistics costs, enhance energy access, and…
By Ayomide Otitoju Leading telecommunications company, Airtel Nigeria, has concluded its 2025 World Environment Week activities with a large-scale market cleanup at Elegushi Model Market in Jakande, Lekki, Lagos, under the campaign theme “Ending Plastic Pollution.” The cleanup, which took place in collaboration with Ecobarter Company, a social enterprise promoting the circular economy, formed part…
By Ayomide Otitoju The Managing Director of Palmpay Limited, Mr. Chika Nwosu, may face imprisonment as the Federal High Court in Lagos prepares to hear a committal application accusing him of contempt in a ₦95 million cyber fraud case. The legal action, brought by PRO INTERNATIONAL CONCEPT through its counsel, Bayo Omotubora & Co., seeks…
By Ayomide Otitoju Zenith Bank Plc has become Nigeria’s most capitalized financial institution in terms of share capital and share premium, reaching a total of ₦614.65 billion—well above the ₦500 billion threshold set by the Central Bank of Nigeria (CBN) for banks with international licenses. The CBN in March 2024 directed all commercial banks with…
By Ayomide Otitoju Adron Homes and Properties Limited, a leading name in Nigeria’s real estate sector, made a striking appearance at the 2025 edition of the Ojude Oba Festival, reaffirming its dedication to cultural heritage and community development. Operating under the banner of the “House of Adron,” the company turned heads with a colourful display…
By Ayomide Otitoju Rite Foods Limited has reiterated its dedication to cultural preservation and community impact following its active participation in the 2025 edition of the Ojude Oba Festival, where it catered to over 21,000 guests. Speaking during the annual celebration at the Awujale Pavilion in Ijebu-Ode, the company’s Head of Corporate Affairs and Sustainability,…
By Ayomide Otitoju PremiumTrust Bank has strengthened its national footprint with the launch of a new branch in Osogbo, the capital of Osun State, bringing its total number of physical branches across Nigeria to 23. In a statement issued on Thursday, the bank emphasized that the opening aligns with its strategic goal to deepen financial…
