By Ayomide Otitoju Wema Bank Plc has been awarded the prestigious title of ‘Commercial Bank of the Year’ at the 2025 Nairametrics Capital Market Choice Awards (NCMC Awards), cementing its position as one of Nigeria’s leading financial institutions. The award was presented during a high-profile gala held on May 23 at the Civic Center, Lagos,…
By Ayomide Otitoju Zenith Bank Plc has once again solidified its position as a dominant force in Nigeria’s banking sector, emerging as the “Best Bank in Nigeria” at the 2025 Global Finance Best Banks Awards. This marks the fifth time in six years the bank is receiving the honour from the prestigious international financial publication….
By Ayomide Otitoju The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on Tuesday commissioned the first-ever Liquefied to Compressed Natural Gas (LCNG) hub in Nigeria’s North-East, marking a major milestone in the federal government’s Decade of Gas initiative. Speaking at the inauguration ceremony in Yola, Adamawa State, Ekpo described the project, developed by…
By Ayomide Otitoju The Federal Government has unveiled plans to import high-yield dairy cattle from Denmark as part of a broader initiative to cut down on the country’s $1.5 billion annual dairy import bill and double local milk production within five years. Minister of Livestock Development, Idi Maiha, announced the initiative on Monday, stating that…
By Ayomide Otitoju Nigeria’s oil and gas sector revenue soared by 70.49 per cent in February 2025 compared to the same period in 2024, despite a slight dip in crude oil production, according to the Central Bank of Nigeria’s (CBN) latest economic report. The CBN disclosed that the Federal Government earned ₦813.22 billion from petroleum…
By Ayomide Otitoju Abbey Mortgage Bank Plc has reported a 22.6 per cent increase in its profit after tax for the 2024 financial year, reaching ₦1.07 billion, up from ₦871.28 million recorded in 2023. The figures were disclosed at the bank’s 33rd Annual General Meeting, held recently in Lagos. According to the audited financial statements…
By Ayomide Otitoju Nigeria is accelerating plans to construct a $25 billion undersea gas pipeline that will supply natural gas to Europe, Vice President Kashim Shettima disclosed on Monday during a meeting with executives of Vitol Group at the Presidential Villa in Abuja. The Nigeria-Morocco Gas Pipeline project is designed to channel gas through the…
By Ayomide Otitoju Shell has loaded the maiden crude oil cargo from Nigeria’s newly completed onshore Otakikpo terminal, marking the start of exports from the $400 million facility developed by marginal field operator Green Energy International, according to a report by Argus on Monday. The Otakikpo terminal, situated in the OML 11 block southeast of…
By Ayomide Otitoju The Presidency has begun the process of settling ₦2 trillion out of the ₦4 trillion in legacy debts owed to electricity generation companies (GenCos) for power supplied to the national grid. This was disclosed by a representative of the Special Adviser to the President on Energy, Olu Verheijen, during a Nigerian Electricity…
