By Ayomide Otitoju Fidelity Bank Plc has donated more than 2,000 food packs to residents of Abeokuta, Ogun State, through its Fidelity Food Bank Initiative as part of efforts to support vulnerable households and alleviate hunger. The distribution exercise was held at St. Peter and Paul Catholic Cathedral, Itesi, Adatan, Abeokuta, under the bank’s corporate…
By Ayomide Otitoju The Federal Government has commissioned upgraded transmission substations at Ijora and Apapa in Lagos, adding 208 megawatts of bulk transmission capacity to the national grid. The projects were commissioned on Monday as part of efforts by the administration of President Bola Ahmed Tinubu to address longstanding transmission constraints and improve electricity supply….
By Ayomide Otitoju Zenith Bank Plc is set to host the 10th edition of its International Trade Seminar on Non-Oil Export on Tuesday, August 25, 2026, with stakeholders expected to explore strategies for boosting Nigeria’s non-oil export sector. The virtual seminar, themed “Unlocking Value and Harnessing Growth in Non-Oil Export,” will bring together policymakers, regulators,…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has handed over 399 seized rifles and other firearm components to the Office of the National Security Adviser (NSA), Nuhu Ribadu, as part of efforts to curb illegal arms proliferation in Nigeria. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Monday, saying the service had completed…
By Ayomide Otitoju Rite Foods Limited, through its BIGI Carbonated Soft Drinks and Fearless Energy Drink brands, has partnered with Soundcity OnTour to take music, entertainment and talent discovery to 20 tertiary institutions across Nigeria. The 2026 campus tour has completed activations at 14 institutions, with six more campuses scheduled as the nationwide programme continues…
By Ayomide Otitoju The NBS said the July figure represented a 0.48 percentage-point decrease from the previous month. On a month-on-month basis, headline inflation stood at 1.57 per cent in July, down from 1.66 per cent in June. The bureau said the decline indicated that the average price level increased at a slower rate in…
By Ayomide Otitoju The Tegbe Foundation has concluded its #JTstrikesDiamond Empowerment Initiative, providing financial support to 60 small businesses and social enterprises across Oyo State. The initiative, which was largely targeted at youth-led enterprises, saw each beneficiary receive grants ranging from ₦100,000 to ₦500,000. The foundation held a closing ceremony in Ibadan to mark the…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Extractive Industries Transparency Initiative (EITI) have pledged to strengthen cooperation on transparency, deeper disclosures and compliance with global EITI standards. The commitment followed a recent visit by EITI Africa Country Director, Gilbert Makore, to the NNPC Towers as part of the ongoing…
By Ayomide Otitoju The proposed 1.5 per cent stamp duty on virtual asset transactions in Nigeria has sparked debate over whether the levy will make cryptocurrency transactions more expensive and push users towards alternative channels. However, Bidemi Oke, a crypto industry professional, argues that the bigger concern is not simply the size of the levy…
