By Ayomide Otitoju To commemorate the 2025 International Day of Education, Airtel Nigeria organized a nationwide essay competition, showcasing the creativity and talent of primary school pupils across its adopted schools. The initiative, held under Airtel’s Employee Volunteer Scheme (EVS), underscores the telecommunications company’s commitment to fostering academic excellence and empowering young learners. Open to…
US President Donald Trump, in his first major address to global leaders since returning to the White House, warned businesses on Thursday to manufacture in the United States or face tariffs. Speaking remotely to the World Economic Forum in Davos, Switzerland, Trump underscored his administration’s renewed focus on economic protectionism and trade reform. “Come make…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has reported 179 incidents of crude oil theft and vandalism across the Niger Delta region in a single week, as part of its intensified efforts to combat the menace. The incidents, recorded between January 11 and 17, 2025, were highlighted in a video released by…
By Ayomide Otitoju Zenith Bank, one of Nigeria’s largest financial institutions, has elevated 4,165 employees in a sweeping restructuring exercise aimed at rewarding exceptional performance and optimizing its workforce, sources familiar with the development revealed on Thursday. The promotions, which took place between last Friday and Monday, are part of a broader strategy to align…
By Ayomide Otitoju Wema Bank has announced plans to raise N200 billion as part of its final tranche in an ongoing recapitalization exercise, ensuring compliance with the Central Bank of Nigeria’s (CBN) updated capital requirements for commercial banks. In a statement issued on Wednesday, the bank disclosed that the funds would be raised through a…
By Ayomide Otitoju Women have long played a pivotal role in Nigeria’s economy, yet they remain one of the most underutilized resources in the nation’s quest for economic growth. Recognizing this gap, FirstBank introduced FirstGem, a trailblazing initiative aimed at empowering Nigerian women through financial inclusion, business support, and economic advancement. Launched in October 2016,…
By Ayomide Otitoju The Trade Union Congress (TUC) has firmly opposed the Federal Government’s proposed increase in Value Added Tax (VAT) rates from 7.5% to 10%, 12.5%, and eventually 15%, as outlined in one of the draft tax reform bills. In a statement on Tuesday, TUC President Festus Osifo argued that retaining the VAT rate…
By Ayomide Otitoju MTN Nigeria Communications Plc has announced the renewal and extension of its 800MHz spectrum licenses following approval from the Nigerian Communications Commission (NCC). The first 800MHz spectrum band license (Channel 1) has been renewed for an additional 10 years, effective January 1, 2025, and will now run until December 31, 2034. In…
By Ayomide Otitoju Stanbic IBTC Holdings Plc has announced that 27% of the N148.71 billion proceeds from its ongoing rights issue will be dedicated to supporting its business and commercial banking operations. This strategic move is designed to drive the growth of small and medium-sized enterprises (SMEs) and commercial businesses, particularly in the general commerce…
