By Ayomide Otitoju As part of its ongoing Corporate Social Responsibility (CSR) efforts, Fidelity Bank Plc has distributed food packs to residents of the Federal Capital Territory (FCT) under its Fidelity Food Bank initiative. The outreach, which targeted seven underserved communities within the Mabushi district of Abuja, is part of the bank’s broader commitment to…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially ushered in a new era of leadership as Bayo Ojulari assumed office as the Group Chief Executive Officer (GCEO), succeeding Mele Kyari, who bowed out after years of service at the helm. The symbolic handover ceremony, held on Friday at the NNPC…
By Ayomide Otitoju In a bold move set to disrupt the ultra-competitive premium smartphone market, Infinix has unveiled its latest NOTE 50 Series, bringing top-tier engineering and design to consumers at a fraction of flagship prices. Priced just under $500, the series positions itself as a formidable alternative to industry heavyweights like Apple and Samsung….
By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Limited has secured a milestone crude export deal, marking a significant shift in the nation’s oil trading framework. The state-owned energy giant will deliver its first crude cargo on an ex-ship basis this April, in what is being described as a strategic breakthrough. According to shipping…
By Ayomide Otitoju The Chief Executive Officer of Ecobank Transnational Inc., Jeremy Awori, has called on African nations to intensify trade among themselves in response to the new tariff measures introduced by former U.S. President Donald Trump, warning that the continent could face serious economic setbacks if action is not taken swiftly. In an interview…
By Ayomide Otitoju The Central Bank of Nigeria (CBN) has injected $197.71 million into the foreign exchange market to shore up liquidity and ensure market stability, following recent global economic disruptions. The intervention, announced on Saturday by the Director of Financial Markets Department, Omolara Duke, comes amid rising concerns over new U.S. tariffs on Nigerian…
By Ayomide Otitoju The Women in Energy Network (WIEN) has raised concerns over the limited female representation on the newly reconstituted board of the Nigerian National Petroleum Company Limited (NNPC), following President Bola Tinubu’s recent appointments. In a statement issued Friday, WIEN President Eyono Fatai-Williams congratulated the appointees but criticized the fact that only one…
By Ayomide Otitoju First City Monument Bank (FCMB) has reported a profit before tax (PBT) of N111.9 billion for the year ended December 31, 2024, reflecting a 71% year-on-year increase, according to a corporate disclosure filed with the Nigerian Exchange Limited on Thursday. Despite a 56.6% decline in revaluation income and a 1.9% drop in…
By Ayomide Otitoju Following the remarkable success of its maiden edition, Ecobank Nigeria is set to host the second edition of its signature pop-up fashion and lifestyle marketplace, “Oja Oge by Ecobank,” from April 18 to 20, 2025. The highly anticipated three-day event will be held at the Ecobank Pan African Centre (EPAC) in Victoria…
