By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has announced a significant recovery in national crude oil production, rising from a historic low of 960,000 barrels per day (bpd) in 2022 to an average of 1.71 million bpd, with peak output reaching 1.84 million bpd in 2025. The improvement is attributed to the…
By Ayomide Oitoju Wema Bank has released its audited financial results for the 2025 financial year, reporting strong growth across key performance indicators, including a Profit Before Tax (PBT) of ₦221.9 billion and total assets exceeding ₦5 trillion. The bank’s PBT more than doubled from ₦102.5 billion in 2024, representing a 116.4 per cent increase….
By Ayomide Otitoju Reputation is increasingly becoming a critical determinant of success in the financial technology (fintech) sector, according to industry expert John Kokome, who describes it as a form of “real currency” shaping growth, investment, and customer loyalty. In a rapidly evolving ecosystem defined by innovation and speed, Kokome noted that reputation has moved…
By Ayomide Otitoju As Easter approaches, Jamara Home is inviting Nigerians to upgrade their living spaces with its new “Rise & Shine Easter” campaign, running from April 7 to April 27, 2026. The promotion offers a wide range of home appliances—including TVs, fridges, freezers, washing machines, air conditioners, and power solutions—designed to enhance everyday living….
By Ayomide Otitoju MTN Nigeria has announced the commencement of applications for the 2026 edition of its Media Innovation Programme (MIP), expanding the cohort size to 25 fellows from 20 in previous editions. The increase, according to the company, is symbolic of its 25th anniversary and reflects its sustained commitment to strengthening Nigeria’s media ecosystem…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited has commenced the export of its newly introduced crude grade, Cawthorne, in a move aimed at boosting Nigeria’s oil production and expanding its range of globally competitive export streams. The company confirmed that the maiden cargo of 950,000 barrels was loaded on April 5, 2026, aboard…
By Ayomide Otitoju The Board of Directors of the African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to shield African and Caribbean economies, financial institutions, and corporates from the fallout of the escalating Middle East conflict. The conflict, which intensified on 28 February 2026, has disrupted global markets, with…
By Ayomide Otitoju Egypt and Italian energy giant Eni on Tuesday announced a significant natural gas discovery off Egypt’s Mediterranean coast, as the country grapples with energy supply challenges linked to the ongoing regional conflict involving the United States, Israel, and Iran. In a joint statement, the company said preliminary estimates indicate reserves of about…
By Ayomide Otitoju Eterna Plc has reported a profit before tax of ₦7.27 billion for the full year ended December 31, 2025, according to its audited financial results. The company also recorded revenue of ₦302.37 billion during the period, while profit after tax stood at ₦2.92 billion. Earnings per share was reported at ₦2.24, reflecting…
