By Ayomide Otitoju MTN Group President and CEO Ralph Mupita has revealed plans to reduce the Group’s shareholding in MTN Nigeria from 76 percent to 65 percent through a public offer—once the unit returns to profitability and resumes dividend payments. Speaking during an editors’ roundtable this week, Mupita reiterated the Group’s long-standing commitment to enhancing…
By Ayomide Otitoju In a groundbreaking shift within Nigeria’s banking landscape, Sterling Bank has announced the removal of transfer fees on its digital banking platform, OneBank, becoming the first major Nigerian bank to eliminate charges on customer transactions made through its app. “This is not a gimmick. This is the future. And it starts now,”…
By Ayomide Otitoju Nigeria’s economy is showing signs of recovery as the Central Bank of Nigeria (CBN) has reported a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year — a sharp turnaround from consecutive deficits of $3.34 billion in 2023 and $3.32 billion in 2022. In a statement released Wednesday,…
By Ayomide Otitoju Jim Ovia, CFR, Founder and Chairman of Zenith Bank Plc, has been conferred with the prestigious Freedom of the City of London, one of the oldest and most respected civic honours in the United Kingdom. The distinguished ceremony took place at the Mansion House, City of London, celebrating Mr. Ovia’s remarkable contributions…
By Ayomide Otitoju Speaking at an energy conference in Cape Town on Monday, Afreximbank Executive Vice-President Kanayo Awani said the initiative is a step toward energy self-sufficiency for the continent. “The time has come for Africa to take control of its energy destiny,” Awani declared. “This facility will support the importation of key refined products…
By Ayomide Otitoju Moniepoint, one of Nigeria’s leading fintech companies, has unveiled the DreamDevs Bootcamp, a bold initiative designed to equip the next generation of African tech professionals with in-demand skills and hands-on industry experience. The program targets recent graduates with a foundation in programming, aiming to fill critical gaps in the global and local…
By AAyomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) is nearing the final stage of its long-awaited Initial Public Offering (IPO), marking a significant step toward fulfilling the provisions of the Petroleum Industry Act (PIA) of 2021. The move positions Nigeria’s state-owned oil giant for a historic transition into a commercially driven, investor-attracting enterprise….
By Ayomide Otitoju As part of activities marking Global Money Week (GMW) 2025, Polaris Bank held a dynamic financial literacy session at NANA College, Warri, aimed at equipping students with essential money management skills, including saving, budgeting, and investing. The session, which attracted an enthusiastic audience of students and staff, was led by Mr. Andrew…
By Ayomide Otitoju Access Holdings Plc has issued a formal notice to the Nigerian Exchange Limited (NGX) and the investing public, indicating the possibility of a delay in the publication of its audited financial statements for the year ended December 31, 2024. The disclosure, made available through the NGX, follows an earlier announcement on February…
