By Ayomide Otitoju Fidelity Bank Plc has reaffirmed its commitment to supporting the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSMEs), positioning itself as a strategic partner beyond traditional banking services. The commitment was restated by the bank’s management during a keynote address delivered by the Executive Director, South, Pamela Shodipo, at the…
By Ayomide Otitoju The Nigerian naira traded relatively stable against the United States dollar on Wednesday, June 10, 2026, across both the official and parallel foreign exchange markets. Data from the Central Bank of Nigeria exchange rate portal showed that the official rate at the Nigerian Foreign Exchange Market (NFEM) stood at approximately ₦1,360.55 per…
By Ayomide Otitoju Shell Nigeria Gas has identified the expansion of natural gas infrastructure and stronger support for gas distribution networks as critical measures for increasing natural gas utilisation across Nigeria. The company made the submission at the 2nd Business Forum of the Association of Local Distributors of Gas held in Abuja, where industry stakeholders…
By Ayomide Otitoju Africa’s largest financial institution, Standard Bank Group, has reaffirmed its commitment to supporting the growth of Dangote Industries Limited, pledging support for the planned listing of the Dangote Petroleum Refinery and future expansion projects across Africa. The commitment was made during a strategic visit by Standard Bank Group Chief Executive, Sim Tshabalala,…
By Ayomide Otitoju The International Air Transport Association has identified Nigeria as one of the most expensive countries in the world to operate an airline, citing high operational costs that continue to hinder the growth and sustainability of local carriers. Speaking at the IATA Annual General Meeting in Brazil, Kamil Al-Awadhi said airlines operating in…
By Ayomide Otitoju The Federal Ministry of Finance has approved payments to more than 1,240 contractors, providing immediate liquidity support to businesses and reaffirming the Federal Government’s commitment to meeting its financial obligations. The approval was granted by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, following a verification and reconciliation…
By Ayomide Otitoju When Joseph Olasunkanmi Tegbe appeared before the Senate for his confirmation screening on May 6, 2026, he delivered a message that resonated across Nigeria’s power sector: he would not make promises he could not keep. At a time when the electricity industry continues to grapple with chronic underperformance, liquidity constraints, infrastructure deficits,…
By Ayomide Otitoju The Sahara Group Foundation has commissioned a new Sahara Go Recycling Hub in Masaka, Nasarawa State, expanding access to structured recycling services in Northern Nigeria. The project, delivered in partnership with the Nasarawa State Waste Management Authority (NASWAMSA), is aimed at promoting community-based sustainability solutions and strengthening waste management efforts across the…
By Ayomide Otitoju Governor Babajide Sanwo-Olu of Lagos State, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, Co-Chair of the Lagos International Financial Centre (LIFC), Aigboje Aig-Imoukhuede, and Chief Executive Officer of Moniepoint Group, Tosin Eniolorunda, have been confirmed as keynote speakers for the third edition of the Invest Lagos Summit…
