Mr. Soji Maurice-Diya, Chief Executive Officer of NatCom Development & Investment Limited (trading as ntel), says the company remains bullish about its market comeback in Q1 2026, unveiling a renewed strategy to fill what he describes as “innovation gaps” in Nigeria’s telecoms ecosystem. Speaking during the Technology Times Thought Leadership …
Read More »Pinnick denies misappropriation $1.2m stadium fund
A former President of the Nigerian Football Federation (NFF), Amaju Pinnick, has rejected allegations of financial mismanagement surrounding the FIFA Goal Project in Kebbi State, calling the controversy a misunderstanding. The clarification comes amid public concern over a photo shared by FIFA on social media showing the Kebbi Stadium …
Read More »President Tinubu Signs Instrument of Clemency And Pardons, Moves Secretariat of Prerogative of Mercy Commitee To Justice Ministry
President Bola Ahmed Tinubu, GCFR, has executed the relevant instruments of release to complete the process of formally exercising his constitutional power of prerogative of mercy to grant pardon and clemency to specific individuals who were earlier convicted for various offences. Following consultations with the Council of State and public …
Read More »Lotus Bank Battles 45 Banks Over N1.3bn Lost To ‘System Failure’
In a desperate move to recover a whooping sum of N1,133,808,604.31, fraudulently removed by some customers, Lotus Bank has dragged 45 banks in Nigeria before a Federal High Court Lagos. Lotus bank, in its motion on notice filed before the Court confirmed that the money was removed on July 20, …
Read More »‘₦2.7bn Fraud’: Court adjourns Hadi Sirika’s trial till Dec 9
Justice S.C. Oriji of the Federal Capital Territory (FCT) High Court, Maitama, has adjourned till December 9, 2025, the adoption of written addresses by the prosecution and defence counsel in the trial within trial of former Minister of Aviation, Hadi Abubakar Sirika. Sirika is being prosecuted alongside his daughter, Fatima …
Read More »EFCC arraigns businessman, firms for alleged N1.07bn diesel supply fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned a Lagos-based businessman, Ajayi Olushola, along with his companies, Hola-Jayu Nigeria Limited and Mozann Global Merchants Limited, over an alleged N1.07 billion fraud involving the supply of Automotive Gas Oil (AGO). Mr Olushola and his firm appeared on Tuesday before the …
Read More »Stanbic IBTC reaffirms commitment to agriculture through partnership with BATN Foundation at Lagos Farm Fair
Stanbic IBTC Bank reaffirmed its dedication to Nigeria’s agricultural sector at the Lagos Farm Fair 2025, held on 16 October 2025 in Ikeja, Lagos. Organised by the British American Tobacco Nigeria Foundation, in collaboration with the Lagos State Ministry of Agriculture and Food Systems, the event coincided with World Food …
Read More »Nestlé Nigeria 2025 Nine Months Results: Growth, Momentum and Sustained profitability
Nestlé Nigeria PLC has announced strong financial results in its 9-Month report, driven by high growth. Key highlights for January to September 2025 Results : Revenue Growth: Nestlé Nigeria PLC saw a robust 33% increase in revenue, totaling N884.5 billion compared to 9M of 2024. Operating Profit: The operating profit grew to …
Read More »Ernest Azudialu-Obiejesi in trouble as banks seize Nestoil over $1bn debt
Ernest Azudialu-Obiejesi and Nestoil Towers Ernest Azudialu-Obiejesi, Nigerian oil magnate is currently facing hard times as a consortium of Nigerian banks has seized his Nestoil Towers, over an alleged estimated $1 billion debt. The move followed a Federal High Court order issued on October 22, 2025, granting a Mareva injunction—an asset-freeze order—empowering First Trustees Limited and …
Read More »Euro Climbs to $1.1653 Amidst US Dollar Selling
EUR/USD rose for the fifth day, nearing its 1.1660-1.1670 in 100 days as markets experienced heavy dollar selling. Investors dumped the greenback in anticipation of a US Fed rate cut. The euro strengthened for the fourth consecutive session yesterday, the longest advance in a couple of months. The pair gains …
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