By Ayomide Otitoju TotalEnergies has announced the sale of its non-operated 12.5% interest in the Oil Mining Lease (OML) 118 Production Sharing Contract (PSC) to Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for $510 million. The transaction was confirmed in a statement by the company on Wednesday, disclosing that the deal involves its subsidiary,…
By Ayomide Otitoju Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has been ranked among Nigeria’s top 10 most valuable brands in the 2025 edition of the Brand Finance Nigeria 25 report. The Group recorded a remarkable 206% increase in brand value—one of the highest year-on-year growths in the Nigerian financial services…
By Ayomide Otitoju In a heartfelt gesture of encouragement and empowerment, Moruf Oseni, Managing Director and CEO of Wema Bank, has donated his one-day salary for May 27 to Chiderije Mbah, a 12-year-old who emerged as the winner of the bank’s 2025 Children’s Day 1-Day MD/CEO Initiative. The initiative, launched on May 21, 2025, called…
By Ayomide Otitoju As the Ileya (Sallah) season approaches, leading Nigerian real estate firm, Adron Homes, has launched its much-anticipated ILEYA/SALLAH PROMO, offering Nigerians a festive opportunity to secure property ownership at reduced rates. Blending culture, community, and investment, this year’s promo includes a 30% discount on all land purchases across over 40 estate locations…
By Ayomide Otitoju The NNPC/Heirs Energies JV OML 17 Host Communities Development Trust (HCDT) has launched a Free Medical Outreach Initiative to improve healthcare access for residents in the OML 17 area of Port Harcourt, Rivers State. The initiative spans 15 centres across communities including Umuechem, Igwuruta, Mgbodo-Alu, Eneka, Rumukurishi, Oyigbo, Iriebe, Umuebulu, Umuokwa, Odagwa,…
By Ayomide Otitoju Africa’s foremost industrialist, Aliko Dangote, and his conglomerate, Dangote Industries Limited, were honoured with three prestigious awards at the 15th annual Brand Africa 100 Awards held at the historic Africa Hall, headquarters of the African Union. Dangote Industries Limited was named the Most Admired African Brand following a comprehensive consumer-led survey conducted…
By Ayomide Otitoju Fidelity Bank Plc has been named the winner of the 2025 Development Bank of Nigeria (DBN) Innovation Award in the Deposit Money Bank (DMB) category, in recognition of its outstanding contributions to innovative financial solutions tailored for Micro, Small, and Medium Enterprises (MSMEs). The award was presented at the 2025 DBN Service…
By Ayomide Otitoju The Federal Government has set an ambitious new target to ramp up daily gas production to 12 billion cubic feet by the year 2030, as part of efforts to drive economic growth, industrialisation, and energy diversification. This was disclosed by the Special Adviser to the President on Energy, represented by Team Lead…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has recorded a historic revenue haul of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion generated during the same period in 2023, marking a significant milestone in Nigeria’s fiscal history. Comptroller-General of Customs, Bashir Adewale Adeniyi, attributed the dramatic increase to…
