By Ayomide Otitoju As the festive season unfolds, Nigeria’s hospitality sector is stepping into the spotlight, drawing attention to its immense potential and the critical role of training in unlocking it. For travelers, a seamless service experience—marked by warm welcomes, efficient check-ins, and well-prepared accommodations—defines the essence of hospitality. Yet in Nigeria, these moments remain…
By Ayomide Otitoju Guaranty Trust Bank (GTBank), one of Nigeria’s leading tier-1 banks, has obtained a Federal High Court order to recover ₦1.9 billion erroneously credited to customer accounts during a system migration in late October 2024. The mishap occurred between October 28 and 29, when the bank transitioned its core banking platform from Basis…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) and officials from Bauchi and Gombe states have expressed differing opinions regarding the status of oil exploration at the Kolmani Integrated Oil Field, located in Barambu village, Alkaleri Local Government Area of Bauchi State. Government officials from the two states have criticized the lack of…
By Ayomide Otitoju World food commodity prices declined by 2.1% in 2024 compared to the previous year, according to the UN Food and Agriculture Organization (FAO). The FAO’s overall Food Price Index averaged 122.0 points in 2024, 2.6 points lower than in 2023. Despite the annual decline, food prices saw an upward trend over the…
By Ayomide Otitoju MTN Nigeria’s CEO, Karl Toriola, revealed that telecommunications companies in Nigeria are collectively proposing a 100% tariff increase to the government, citing rising operational costs, inflation, and naira devaluation as key factors making the increase essential for the survival of the industry. Speaking on Trust Africa News’ Sunrise Daily on Friday, Toriola…
By Ayomide Otitoju The grand finale of the third edition of the Stanbic IBTC Pension Managers’ FUZE Talent Show, themed “Light It Up,” concluded recently in Lagos, with winners announced across various creative categories. The event, organized by Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, showcased talents in music, dance, fashion, and…
By Ayomide Otitoju Jaiz Bank Plc has forecasted gross earnings of N26.3 billion for the first quarter of 2025, spanning January to March. The earnings projection, disclosed in its financial forecast submitted to the Nigerian Exchange Limited on Monday, highlights robust expectations across key revenue streams. The bank estimates that financing and investment income will…
Sterling Financial Holdings Company Plc has announced projections for its first-quarter performance in 2025, forecasting gross earnings of N121.81 billion. In a notice submitted to the Nigerian Exchange Limited, the company detailed an expected interest income of N89.27 billion against interest expenses of N34.82 billion, resulting in net revenue from funds of N54.45 billion. The…
By Ayomide Otitoju The festive season in Nigeria, a time of vibrant celebrations and cultural expression, was elevated this year by FirstBank’s DecemberIssaVybe initiative, featuring the much-anticipated concert by The Cavemen. Held on Friday, December 27, 2024, at Muri Okunola Park, Lagos, the event showcased the unique blend of highlife, soul, and folk music that…
