By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Ltd. has reported ₦4.335 trillion in revenue and ₦462 billion profit after tax for May 2026, highlighting strong operational performance across its energy value chain. According to the company’s Monthly Report Summary for May 2026, cumulative statutory payments from January to May 2026 stood at ₦4.858 trillion, while upstream pipeline availability reached 98 per cent during…
By Ayomide Otitoju Fidelity Bank Plc has provided food relief to more than 1,000 Internally Displaced Persons (IDPs) in Mangu Local Government Area of Plateau State through its Fidelity Food Bank Initiative, as part of efforts to combat hunger and support vulnerable communities. The humanitarian outreach, carried out in partnership with the Plateau State Sustainable…
By Ayomide Otitoju Zenith Bank Plc has emerged as Africa’s Best Bank and Nigeria’s Best Bank at the 2026 Euromoney Awards for Excellence, reinforcing its position as one of the continent’s leading financial institutions. The awards were presented on July 16, 2026, at The Peninsula London Hotel. Zenith Bank retained the Nigeria’s Best Bank title…
Britain’s annual inflation rate fell more than expected to 2.6 per cent in June, driven largely by lower petrol and diesel prices, according to official figures released on Wednesday. Data from the Office for National Statistics (ONS) showed the Consumer Prices Index (CPI) rose by 2.6 per cent in the 12 months to June, down…
By Ayomide Otitoju First HoldCo Plc has reported a strong financial performance for the first half of 2026, posting gross earnings of ₦1.93 trillion and a profit before tax (PBT) of ₦653.5 billion, reflecting significant growth across its banking and non-banking businesses. The group’s unaudited results for the six months ended June 30, 2026, showed…
By Ayomide Otitoju FirstBank has been named Nigeria’s Best Bank for Large Corporates and Nigeria’s Best Bank for Customer Experience at the Euromoney Awards for Excellence 2026 held in London. The awards recognise outstanding performance in the global banking industry, with winners selected through a rigorous assessment of financial performance, innovation, customer impact, service delivery…
By Ayomide Otitoju JMG Limited has reaffirmed its commitment to the growth of Nigeria’s heating, ventilation, air conditioning and refrigeration (HVACR) industry by sponsoring the inauguration of the new President of the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), Nigeria Chapter, Engr. Olatinwo Olatunde Lookman. The inauguration ceremony, held on July 16, brought…
By Ayomide Otitoju Chairman of Fidelity Bank Plc, Mrs. Amaka Onwughalu, has been named Woman of the Year at the 5th edition of the Anambra Man of the Year Awards (AMTY) in recognition of her contributions to Nigeria’s banking industry, corporate governance, leadership and public service. The award was presented during a ceremony held at…
By Ayomide Otitoju The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent, maintaining the benchmark interest rate following its 306th meeting in Abuja. CBN Governor Olayemi Cardoso announced the decision on Tuesday after the two-day meeting held on July 20 and…
