By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a profit after tax of ₦502 billion in November 2025, driven by improved gas production, full pipeline availability, and strong trading performance. Figures from the NNPC Monthly Financial and Operations Report for November 2025, released on Wednesday, showed that the national oil company…
By Ayomide Otitoju JMG, a leading provider of hybrid and integrated electromechanical energy solutions, has reaffirmed its commitment to delivering comfort, safety, and efficiency across residential, commercial, and industrial structures, while supporting a more sustainable and greener future. In a statement to mark the New Year, the company said it remains focused on its long-term…
BynAyomide Otitoju The Central Bank of Nigeria (CBN) has projected that the country’s external reserves will rise to $51.04 billion in 2026, up from $45 billion in 2025, according to its Macroeconomic Outlook for Nigeria, 2026, titled “Consolidating Macroeconomic Stability Amid Global Uncertainty”, published on Tuesday. The apex bank attributed the anticipated increase in reserves…
By Ayomide Otitoju Guaranty Trust Holding Company Plc (GTCO) has obtained approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to undertake a private placement of its ordinary shares, subject to the fulfilment of applicable conditions precedent and regulatory requirements. The financial holding company had earlier announced on August…
By Ayomide Otitoju Nigeria has reaffirmed its commitment to strengthening its strategic, bilateral trade and economic partnership with China, reflecting positively on the progress of relations between both countries throughout 2025. The reaffirmation follows the elevation of Nigeria–China relations to a Comprehensive Strategic Partnership, agreed by President Bola Ahmed Tinubu and Chinese President Xi Jinping…
By Ayomide Otitoju Seamfix, a provider of digital identity and biometric solutions for institutions in Africa and globally, has announced the launch of ePass, a digital passport renewal application developed in collaboration with the government of the Republic of Benin. The ePass application enables Beninese citizens living abroad to apply for and renew their international…
By Ayomide Otitoju The Central Bank of Egypt (CBE) and the African Export–Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to establish a pan-African Gold Bank aimed at formalising gold value chains, strengthening central bank reserves, and reducing Africa’s reliance on foreign refining and trading hubs. The MoU was signed by the Governor…
By Ayomide Otitoju Governor Chukwuma Charles Soludo has signed the 2026 Appropriation Bill into law, alongside three other key legislations, marking a significant step in Anambra State’s fiscal planning and governance. The signing ceremony took place at the Light House in Awka. The 2026 Appropriation Law sets the state’s budget at ₦766 billion, slightly higher…
By Ayomide Otitoju The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bashir Bayo Ojulari, has reaffirmed the company’s commitment to peace, dialogue, and responsible energy development in Ogoniland, describing the Federal Government’s renewed engagement as a “demonstration of hope” and a new beginning built on partnership and understanding. Ojulari…
