By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disclosed that it generated ₦5.89 trillion in operational revenue for April 2025 and made statutory payments totaling ₦4.22 trillion to the Federation Account between January and March. In its April 2025 Monthly Report Summary released on Thursday—marking the first official financial report under…
By Ayomide Otitoju Sterling Bank has unveiled a N2 billion scholarship programme aimed at supporting 600 young Nigerians studying in private universities, in what the bank described as the largest private sector investment in a single Nigerian tertiary institution. According to the bank’s CEO, Abubakar Suleiman, the initiative—under the Sterling Beyond Education programme—targets future leaders…
By Ayomide Otitoju Wema Bank, Nigeria’s oldest indigenous lender and pioneer of Africa’s first fully digital bank, ALAT, has received a significant boost in credit ratings from two leading international agencies, Fitch Ratings and Global Credit Ratings (GCR). Fitch upgraded Wema Bank’s National Long-Term Rating from ‘BBB(nga)’ to ‘A-(nga)’, while also revising its outlook from…
By Ayomide Otitoju Energy giant Shell has announced plans to expand its global liquefied natural gas (LNG) capacity by up to 12 million metric tons by the end of the decade, with Nigeria among the key countries expected to benefit from the investment. According to a Reuters report, the projects — also spanning the United…
By Ayomide Otitoju Kenya’s government on Thursday presented a carefully revised national budget to parliament, aiming to avoid a repeat of the violent protests that rocked the country last year following controversial tax hikes. The East African nation, often seen as a regional economic leader, has struggled with rising living costs, ballooning debt, and sluggish…
By Ayomide Otitoju Africa’s richest man and billionaire industrialist, Alhaji Aliko Dangote, is set to retire as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of a two-decade leadership that significantly shaped the company’s trajectory. According to a statement issued by the company and signed by its Company Secretary, Temitope Hassan,…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has issued a public warning over the activities of fraudsters impersonating its officials and soliciting money from unsuspecting investors under false pretenses. In a statement released on Monday, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, disclosed that the impostors have been demanding fees in exchange…
By Ayomide Otitoju Talks between Nigeria and Saudi Arabia’s state-owned oil giant, Aramco, over a proposed $5 billion oil-backed loan have reportedly stalled, as falling crude prices threaten the size and feasibility of the deal. According to a Reuters report citing four unnamed sources familiar with the negotiations, the slump in oil prices has cast…
By Ayomide Otitoju Airtel Nigeria marked World Environment Day 2025 with a series of environmental sustainability initiatives, kicking off with a seminar led by Dr. Hassan A. Sanuth, Director of Sanitation Services at the Lagos State Ministry of the Environment and Water Resources. The session emphasized the importance of individual responsibility in reducing plastic waste…
