By Ayomide Otitoju Nigeria’s Dangote Refinery has increased exports of petrol and urea to African markets facing supply disruptions linked to the ongoing Iran conflict, its founder Aliko Dangote said on Monday. Dangote noted that the 650,000-barrel-per-day facility has helped cushion the impact of the crisis both domestically and across the continent. Speaking during a…
By Ayomide Otitoju The leadership of Fidelity Bank Plc recently convened a high-level strategic meeting with executives from the Aviation Financing Group and industry consultants at the bank’s corporate headquarters in Lagos. The meeting, chaired by the Managing Director and Chief Executive Officer, Nneka Onyeali-Ikpe, focused on exploring collaborative opportunities within the aviation sector. Discussions…
By Ayomide Otitoju The National Bureau of Statistics (NBS) has disclosed that Nigeria’s agricultural sector drew $167.25 million in capital importation in 2025, reflecting periods of fluctuating investor confidence throughout the year. According to the Q4 2025 Capital Importation report, the sector attracted $24.15 million in Q1, surged to $67.24 million in Q2, dipped to…
By Ayomide Otitoju The Naira opened Monday’s session at the Nigerian Foreign Exchange Market (NFEM) with marginal gains, trading at ₦1,377.80 per Dollar, slightly stronger than the ₦1,380.79 recorded at the close of last week. Trading activity in the official window, supported by the Electronic Foreign Exchange Matching System (EFEMS), remains robust, with the platform…
By Ayomide Otitoju The National Onion Producers, Processors and Marketers Association of Nigeria (NOPPMAN) has announced an immediate suspension of onion exports to Ghana following a fresh trade dispute between Nigerian and Ghanaian traders. Aliyu Maitamasamu, NOPPMAN’s National President, made the announcement at a press conference in Sokoto, citing reports of harassment and alleged seizure…
By Ayomide Otitoju Wema Bank has unveiled a new jingle to herald the next phase of its digital banking platform, ALAT, tagged “ALAT: The Evolution.” The jingle, described as vibrant and engaging, is designed to reflect a smarter and more seamless banking experience, aligning with the platform’s enhanced features and refreshed user interface. According to…
By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Ltd. has reiterated its commitment to national development following its participation in the launch of the National Community Food Bank Trust Fund and the inauguration of its Board of Trustees at the Presidential Villa, Abuja. The programme, an initiative of First Lady Senator Oluremi Tinubu, aims…
By Ayomide Otitoju Access Bank Plc is facing scrutiny after Lagos State authorities accused its Oniru, Victoria Island head office of discharging untreated wastewater into public drainage systems, violating environmental laws. The allegation was confirmed by Tokunbo Wahab, who said the Lagos State Wastewater Management Office (LSWMO) visited the bank following a whistleblower complaint. Officials…
By Ayomide Otitoju Investigations into the operations of Union Bank of Nigeria have revealed widespread financial misconduct by its former directors and owners, resulting in billions of dollars in losses and threatening the bank’s stability. According to investigators, the former leadership concealed over ₦250 billion in losses, improperly added a $300 million foreign loan to…
