Fitch Ratings has issued a warning that Union Bank of Nigeria (UBN) and other tier-3 banks in Nigeria may face mergers, acquisitions, or a downgrade of their licences due to difficulties in meeting the Central Bank of Nigeria’s (CBN) new paid-in capital requirements. The global credit rating agency in a …

… Donates N8bn to Presidential Library, Pledges N2bn Annually Until Completion The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has praised former Head of State, Gen. Ibrahim Badamasi Babangida, popularly known as IBB, for implementing policies that liberated the private sector in Nigeria during his regime. Dangote …

…He is a ‘global groundbreaker’, says Bandir   The Pan-African Conglomerate, Dangote Group has re-emphasized its commitment to sustainable practices in its operations across the nation. The declaration came against the background of its partnership with the Kaduna Chamber of Commerce and Industry (KADCCIMA) in the ongoing 2025 Kaduna International …

In 2024, the airline carried an average over 3,800 tonnes in and out of Africa every week, via 20 gateways   As the logistics industry comes together in Nairobi at Air Cargo Africa, Emirates SkyCargo reaffirms its near-four decade commitment to the continent. With an average of 3,820 tonnes carried …

Legislators in Lagos State have commended the Lagos State Internal Revenue Service (LIRS) for achieving an unprecedented milestone in revenue generation, surpassing ₦1 trillion. This landmark accomplishment positions LIRS as the first sub-national revenue agency in Nigeria to attain such a feat, reflecting its professionalism, efficiency, and commitment to transparent tax …

Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world. It would be recalled that Forbes ranked Aliko Dangote as the 144th richest person in the world in 2024 with $13.4 …

Fidelity Bank Plc, a leading financial institution, has once again demonstrated its unwavering commitment to enhancing its host communities’ lifestyles. Through its dedicated education Corporate Social Responsibility (CSR) pillar, the bank recently undertook significant projects aimed at promoting quality education delivery across the country. In Benin-City, Edo State, Fidelity Bank …

Olufemi Ajadi, a prominent chieftain of the New Nigeria People’s Party (NNPP), has expressed his profound sorrow over the passing of the leader of the Pan Niger Delta Forum, Edwin Clark, who departed this mortal coil at the age of 97. In a poignant statement released to the press on …

The artificial intelligence (AI) race took another leap forward on Monday as xAI, the AI company founded by Elon Musk, unveiled Grok 3, its latest chatbot model. Prior to the launch, Musk had boasted that Grok 3 would be the “smartest AI on Earth”. During a live demonstration on Monday, …

President Bola Tinubu said he is deeply saddened by the passing of Chief Edwin Clark, former federal commissioner of information and respected leader of the Pan-Niger Delta Forum (PANDEF). In a statement issued on Tuesday, the president noted that history will remember Chief Edwin Clark as a man who fought …