By Ayomide Otitoju President Bola Tinubu has lauded the resilience, brilliance, and indispensable contributions of Nigerian women as the world marks International Women’s Day 2025. In a statement issued on Saturday, Tinubu described women as the “strength” powering the nation, reaffirming his administration’s commitment to the Renewed Hope agenda. “You are the bedrock of our…
By Ayomide Otitoju FCMB Group Plc has projected a profit after tax of N36.6 billion for the second quarter ending June 30, 2025. According to the group’s earnings forecast, gross earnings are expected to reach N239.4 billion, with interest income projected at N209.1 billion. Interest expenses are estimated at N107.9 billion, leaving a net interest…
By Ayomide Otitoju Wema Bank Plc has announced plans to raise N149.3 billion through a rights issue, offering 14.29 billion ordinary shares at N10.45 per share. The bank, through its stockbrokers, Global Asset Management Nigeria Limited and Qualinvest Capital Limited, has submitted an application to the Nigerian Exchange Limited (NGX) for the approval and listing…
By Ayomide Otitoju Wema Bank, Nigeria’s leading innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has announced its plans and activities for Women’s Month in March 2025, reinforcing its commitment to gender equality and inclusion. A key highlight of the month-long celebration is the Wema Bank International Women’s Day (IWD) 2025…
By Ayomide Otitoju Union Bank, one of Nigeria’s leading financial institutions, has rewarded 452 UnionKorrect account holders with cash prizes totaling over ₦21 million in its latest draw, held at the bank’s Douglas Road Branch in Owerri, Imo State. The draw, which was conducted under the supervision of relevant regulatory bodies, saw winners emerge across…
By Ayomide Otitoju Zenith Bank Plc continues to demonstrate robust market performance and significant growth potential, with its market capitalization nearing ₦2 trillion, according to data from the Nigerian Exchange. Currently trading at ₦47 per share, the bank remains an attractive investment, drawing interest from foreign portfolio investors seeking value in the Nigerian equities market….
By Ayomide Otitoju The Transmission Company of Nigeria (TCN) has announced a new peak power generation of 5,801.84 megawatts (MW), marking another milestone in the nation’s electricity supply. In a statement issued on Wednesday, TCN said the achievement, recorded on March 4, 2025, at 21:15 hours, reflects steady progress in the power sector. The agency…
By Ayomide Otitoju NNPC Exploration and Production Limited (NEPL), a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), has announced plans to increase its daily crude oil production from 370,000 barrels to 550,000 barrels by 2027. Speaking at the Nigeria International Energy Summit (NIES) in Abuja, NEPL Managing Director Nicolas Foucart stated that achieving…
By Ayomide Otitoju Economic analyst Paul Alaje has described the ongoing price competition between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL) as a positive development that will curb excessive profits and drive down fuel costs for Nigerians. Speaking on Channels Television’s Politics Today on Tuesday, Alaje noted that in economic terms, the…
