By Ayomide Otitoju Dangote Petroleum Refinery and Petrochemicals has reiterated its commitment to reducing the price of Premium Motor Spirit (PMS), commonly known as petrol, despite fluctuations in global crude oil prices. In a statement signed by Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, the company emphasised its resolve to…
By Ayomide Otitoju Nigeria is set to begin the rollout of a N3.3 trillion nationwide digital infrastructure project in the fourth quarter of 2025, the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has announced. Speaking in a statement released Monday during an interview for an upcoming State House documentary marking President Bola…
By Ayomide Otitoju The Transmission Company of Nigeria (TCN) has mobilised three contractors to commence reconstruction of three high-voltage towers that collapsed earlier in May along the 330kV Kainji-Birnin Kebbi transmission line. In a statement issued Monday, the company said each contractor has been assigned one tower in what it described as a “strategic deployment”…
By Ayomide Otitoju Honda Motor Co. has announced a significant reduction in its planned investment for electric vehicle (EV) production, citing sluggish global demand, and will instead ramp up its focus on hybrid vehicles. CEO Toshihiro Mibe confirmed on Monday that the automaker has revised its electrification and software investment target down to 7 trillion…
By Ayomide Otitoju In a landmark move to secure sustainable financing for global health, World Health Organization (WHO) Member States have approved a 20% increase in assessed contributions—mandatory membership dues—as they endorsed the Organization’s $4.2 billion budget for the 2026–2027 biennium. This marks the second consecutive 20% increase in membership dues, following a similar adjustment…
By Ayomide Otitoju The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has retained all key monetary policy parameters, including the benchmark interest rate, in a bid to consolidate recent economic gains and contain inflationary pressures. The decision was announced by the CBN Governor, Olayemi Cardoso, at the conclusion of the committee’s 300th meeting held…
By Ayomide Otitoju Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has reported robust financial results for the year ended December 31, 2024, at its 13th Annual General Meeting (AGM), reinforcing its status as one of Nigeria’s leading financial institutions. The Group recorded a 78.26% increase in net interest income, which rose…
By Ayomide Otitoju Despite ongoing media reports surrounding a Supreme Court ruling involving defunct FSB International Bank and Sagecom Concepts Limited, in which Fidelity Bank Plc is named as a judgment debtor, legal experts caution that the matter remains sub judice, with a court order restricting public commentary. While some outlets have raised questions about…
By Ayomide Otitoju Shareholders of Access Holdings Plc have approved a total dividend payout of ₦125.29 billion for the 2024 financial year, representing a 67% increase from the ₦74.6 billion distributed in 2023. The approval was confirmed during the company’s 3rd Annual General Meeting (AGM) held in Lagos, following a regulatory filing with the Nigerian…
