By Ayomide Otitoju The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s headline inflation rate, which eased to 23.18% in February 2025, down from 24.48% recorded in January 2025. In its Consumer Price Index (CPI) report released on Monday, the NBS noted that the latest figure represents a decrease of 1.30 percentage…
By Ayomide Otitoju TAJBank, Nigeria’s leading non-interest bank, has announced plans to raise ₦20 billion through a Mudarabah Sukuk bond as part of efforts to strengthen its Additional Tier 1 capital. The bank’s Founder and Chief Executive Officer, Hamid Joda, disclosed this in a statement on Monday in Abuja, highlighting that the issuance is part…
By Ayomide Otitoju The President and Chief Executive of Dangote Industries Ltd., Alhaji Aliko Dangote, has announced the company’s readiness to return to the Olokola Free Trade Zone (OKFTZ) in Ogun Waterside Local Government Area to develop the largest seaport in Nigeria. Dangote also disclosed that the company has resumed construction of a 6-million-metric-ton-per-annum cement…
By Ayomide Otitoju Leading Nigerian financial institution, OPay, has extended its N1.2 billion 10-year scholarship scheme to students of Obafemi Awolowo University (OAU), Ile-Ife, making it the third beneficiary of the initiative in the country. In a statement, OPay reaffirmed its commitment to education and youth empowerment, emphasizing that the scholarship programme is designed to…
By Ayomide Otitoju MTN Nigeria has taken its ‘Go MAD’ (Make a Difference) campaign to Ibadan, inspiring individuals to drive positive change in their communities. The event, held at Cloud 7 Lounge, combined motivational stories, immersive virtual reality experiences, energetic DJ sets, dance performances, and interactive games, all reinforcing MTN’s commitment to digital empowerment and…
By Ayomide Otitoju Lagos State Government and Information Communication and Technology (ICT) experts have called on Nigerian youth to leverage Artificial Intelligence (AI) tools to address societal challenges. The appeal was made during the 2025 Commonwealth Day event organized by the Tantacom Group and the Commonwealth Youth Council (CYC) at the University of Lagos, Akoka….
By Ayomide Otitoju First Bank of Nigeria Limited has once again reaffirmed its leadership in the financial sector, securing the prestigious titles of Best SME Bank in Nigeria and Best SME Bank in Africa at the 2025 Asian Banker Awards. This marks the second consecutive year the bank has received these honors, further solidifying its…
By Ayomide Otitoju FirstBank has strongly refuted recent allegations of fraud linked to a lawsuit filed by Dr. Agbai Eke, emphasizing that the claims are baseless and misleading. In a statement addressing a publication by ThisDay Newspaper, Arise Television, and a circulating video on the matter, the bank clarified that its internal findings point to…
By Ayomide Otitoju The Nigerian Senate on Thursday passed a vote of confidence in Senate President Godswill Akpabio following a motion moved by Senate Leader Opeyemi Bamidele. The motion, raised under Orders 40 and 51, sought to clarify recent controversies surrounding the upper chamber while emphasizing the need for adherence to legislative rules and a…
