By Ayomide Otitoju Zenith Bank Plc, Nigeria’s largest lender by Tier-1 Capital, has assured shareholders and investors of its commitment to continued dividend payments, while also affirming its plan to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance regime by June 30, 2025. This assurance comes amid increased regulatory scrutiny of banks’ capital adequacy…
By Ayomide Otitoju Infinix has officially unveiled its latest SMART Series lineup—the SMART 10 Series—marking a significant step forward in delivering reliable, feature-rich smartphones tailored to everyday use. The new series, launched globally on Wednesday, is designed to offer enhanced usability, artificial intelligence (AI) integration, and long-lasting power, all wrapped in a sleek, durable build….
By Ayomide Otitoju Leadway Assurance Company Limited has announced a record-breaking ₦173.2 billion in insurance revenue for the financial year ending December 31, 2024—marking a 51% increase from ₦114.4 billion in 2023. The insurance giant also disclosed the settlement of ₦117 billion in claims, reinforcing its status as Nigeria’s top claims-paying insurer for the eighth…
By Ayomide Otitoju Pay-TV provider GOtv has announced a special customer reward initiative running from Monday, June 16 to Thursday, July 31, offering subscribers a free upgrade to the next viewing package upon renewal—at no extra cost. In a statement issued on Monday, GOtv revealed that customers will automatically enjoy access to more channels and…
By Ayomide Otitoju The Dangote Petroleum Refinery has announced a new distribution initiative aimed at reducing inflation, cutting fuel costs, and generating employment across Nigeria. The plan, unveiled in a statement on Tuesday, involves the free delivery of Premium Motor Spirit (PMS), diesel, and other petroleum products to major users, including petrol station operators, manufacturers,…
By Ayomide Otitoju Fidelity Bank Plc has strongly denied recent media allegations that its Managing Director, Mrs. Nneka Onyeali-Ikpe, paid ₦5 billion to evade detention by the Nigeria Police, describing the claim as “false, malicious, and intentionally misleading.” In a statement issued on Monday, the bank refuted a report published by Sahara Reporters under the…
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…
