By Ayomide Otitoju Fidelity Bank Plc has exceeded the ₦500 billion minimum capital requirement set by the Central Bank of Nigeria (CBN), following the successful completion of its recapitalisation programme ahead of the March 31, 2026 deadline. The lender achieved the milestone through a ₦259 billion private placement of ordinary shares, which was opened and…
The International Monetary Fund (IMF) has warned that up to $50 billion in emergency financing may be required to support countries facing balance-of-payments shocks, as worsening global food insecurity puts an estimated 45 million people at risk. The projection comes ahead of the 2026 World Bank and IMF Spring Meetings scheduled to begin on Monday,…
By Ayomide Otitoju At the Society of Petroleum Engineers Oloibiri Lecture and Energy Forum 2026 held at the PTDF Headquarters in Abuja, the Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, delivered a keynote address focused on strategies to achieve Nigeria’s three million barrels per day oil production target. Ojulari, who was…
By Ayomide Otitoju Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has warned that the country’s economy is experiencing a significant shock amid the global fallout from the ongoing Middle East crisis. In a statement issued on Monday by his Special Adviser on Media and Communications, Dr. Ogho Okiti, Edun said…
The United States Armed Forces has announced plans to begin a naval blockade of Iranian ports, following the collapse of high-level talks between United States and Iran in Pakistan. The decision was confirmed on Monday, with Donald Trump blaming Tehran’s refusal to abandon its nuclear ambitions for the breakdown in negotiations. The talks, held in…
By Ayomide Otitoju Former presidential aspirant under the Peoples Democratic Party (PDP), Mohammed Hayatu-Deen, has defected to the African Democratic Congress (ADC), citing concerns over insecurity, economic hardship, and what he described as a shrinking democratic space in Nigeria. In a statement issued on Sunday, Hayatu-Deen said his decision was driven by the need to…
By Ayomide Otitoju At the Society of Petroleum Engineers Oloibiri Lecture and Energy Forum 2026, the Chief Financial Officer of NNPC Limited, Adedapo Segun, has emphasised the importance of data-driven decision-making in guiding investment strategies. Speaking at a panel session themed “Capital Allocation beyond Brownfield vs. Greenfield: Data-driven investment decisions” in Abuja, Segun—represented by the…
By Ayomide Otitoju Union Berlin have appointed Marie-Louise Eta as head coach, making her the first female manager in Bundesliga history following the dismissal of Steffen Baumgart. Eta, 34, also becomes the first woman to lead a men’s team in the top flight of a major European league. Previously the Bundesliga’s first female assistant coach,…
By Ayomide Otitoju Popular Nigerian singer and songwriter, Kcee, has disclosed that repeated snubs by award organisers early in his career left him emotionally distressed and in tears. The Afrobeats artiste, formerly one half of the duo KC Presh, said the lack of industry recognition despite his efforts prompted him to stop placing importance on…
