By Ayomide Otitoju Fidelity Bank Plc has announced the successful completion of the first tranche of its equity capital raise through a combined Public Offer and Rights Issue, following the Central Bank of Nigeria’s (CBN) capital verification and the Securities and Exchange Commission’s (SEC) approval of the Basis of Allotment. The bank received 108,046 applications…
By Ayomide Otitoju Adron Homes and Properties, Nigeria’s premier real estate development company, is celebrating its 13th anniversary today, commemorating over a decade of achievements in the country’s real estate sector. Since its founding, Adron Homes has remained dedicated to providing both affordable and luxurious housing solutions, making homeownership a reality for Nigerians across all…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) has successfully reduced routine flaring of associated gas (AG) by 96% from the Anyala (OML 83) and Madu (OML 85) fields. This milestone was achieved through the implementation of an AG reinjection…
Diageo, the maker of Guinness stout and Johnnie Walker whisky, has scrapped a key sales growth target, citing economic uncertainty and trade tariffs imposed by former U.S. President Donald Trump. The British drinks giant, which also owns brands like Smirnoff vodka, Baileys liqueur, and Captain Morgan rum, has seen inflation-hit consumers opt for cheaper alternatives,…
OpenAI CEO Sam Altman signed a partnership deal with South Korean tech conglomerate Kakao on Tuesday as the U.S. artificial intelligence firm seeks to strengthen its global alliances in response to increasing competition from Chinese rival DeepSeek. Kakao, a dominant player in South Korea’s digital economy with holdings in online banking, ride-hailing, and messaging services,…
The Federal Government spends over ₦200 billion per month on electricity subsidies, with much of the support benefiting the wealthiest Nigerians rather than those in need, according to Olu Arowolo Verheijen, Special Adviser to the President on Energy. Verheijen made this known in a statement on Monday, emphasizing the need for a more targeted subsidy…
The Nigeria Civil Aviation Authority (NCAA) has summoned Kenya Airways’ acting station manager following a viral altercation between the airline’s staff and a Nigerian passenger, identified as Omisore, at Nairobi’s Jomo Kenyatta International Airport. Omisore, who was traveling from Manchester to Lagos via Nairobi, was reportedly denied boarding on the second leg of her journey,…
By Ayomide Otitoju Despite the global success of Nigerian cinema, children’s programming remains an underexplored sector in the creative industry, according to Niyi Akinmolayan, CEO of Anthill Studios. “Nigerian entertainment has demonstrated resilience, with strong box office performances and success on global platforms like Netflix and Amazon. Despite economic challenges, audience demand for Nigerian content…
By Ayomide Otitoju Fidelity Bank, a top-tier financial institution, is set to unveil its state-of-the-art SME Hub, a physical facility designed to support small businesses and creative entrepreneurs. The Fidelity SME Hub will feature training halls, meeting rooms, networking spaces, podcast rooms, and fully equipped music, photography, and content production studios. The initiative aligns with…
