By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has announced the temporary shutdown of the Port Harcourt Refinery in Rivers State to facilitate a month-long maintenance operation, raising concerns about potential fuel shortages and price hikes nationwide. In an official statement released on Saturday by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, the…
By Ayomide Otitoju In celebration of International Women’s Day, the London Business School (LBS) Alumni Community Nigeria hosted a private brunch and fireside chat featuring Dr. Nneka Onyeali-Ikpe, Group Managing Director and CEO of Fidelity Bank Plc. Held in Lagos, the exclusive gathering brought together senior executives from finance, FMCG, and investment sectors for a…
By Ayomide Otitoju Real estate firm Adron Homes & Properties Ltd. has strongly denied allegations published by the Foundation for Investigative Journalism (FIJ) on May 22, 2025, accusing the company of failing to refund a client, Mr. Solomon Oludare Akinbo, after a land purchase in Ogun State. The report claims Mr. Akinbo made full payment…
By Ayomide Otitoju Japan’s inflation data released Friday revealed a staggering 98% year-on-year rise in rice prices last month, highlighting a growing crisis that is drawing public ire and complicating efforts by Prime Minister Shigeru Ishiba’s government to manage the economy. The sharp increase in rice prices—central to Japanese cuisine and culture—is largely attributed to…
By Ayomide Otitoju President Bola Tinubu has tasked the newly inaugurated Board of the Nigerian National Petroleum Company (NNPC) Limited with consolidating the achievements of his administration’s economic reforms, which have drawn both local and international praise for enhancing Nigeria’s economic competitiveness. Speaking at the inauguration ceremony held on Thursday at the State House in…
By Ayomide Otitoju After a sluggish week, Nigeria’s stock market witnessed a modest rally on Friday morning, driven by renewed investor interest in Fidelity Bank Plc shares. As of 11 a.m., the NGX All Share Index (ASI) rose by 0.19 percent to 109,385.94 points, buoyed by a 6.63 percent jump in Fidelity Bank’s share price…
By Ayomide Otitoju Wema Bank has reaffirmed its position as one of Nigeria’s most profitable and innovative financial institutions with a record-breaking financial performance in 2024, earning unanimous commendation from shareholders at its Annual General Meeting (AGM) held virtually on May 22, 2025. According to its 2024 Annual Report, the bank posted a 91.51% increase…
By Ayomide Otitoju The Managing Director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Ronald Adams, has called on Nigerian companies to position themselves for increased participation in offshore and shallow water oil and gas projects, citing massive potential for business growth and skills development. Adams, represented by SNEPCo’s Head of Supply Chain, Charles…
By Ayomide Otitoju The Federal Government is set to raise ₦300 billion from the domestic bond market in May 2025, as it continues to leverage local debt instruments to support economic reforms, sustain public financing, and maintain investor confidence. The fundraising plan, announced by the Debt Management Office (DMO) on Thursday, represents a 12.5 per…
