Wema Bank is once again redefining the future of banking with the upgraded version of ALAT scheduled to go live in January, 2026. Tagged ALAT: The Evolution, the upgraded version of ALAT will once again set the standard on the next chapter in the banking industry. With ALAT: The …
Read More »SIFAX Group Opens 2026 with Innovation-Driven Growth Plan
SIFAX Group has opened the 2026 business year with a strong declaration of intent, unveiling an innovation-driven growth plan aimed at strengthening operations, deepening technology adoption, and expanding its footprint across West Africa. The Chairman of the Group, Dr. Taiwo Afolabi, made this known in his New Year message to …
Read More »FirstHoldCo Announces FirstBank Has Met ₦500 Billion Regulatory Capital Requirement
-Shareholders commit to future injection of more capital to the Groups’ other subsidiaries First HoldCo Plc (“FirstHoldCo” or “the Group”) has announced that its commercial banking subsidiary, First Bank of Nigeria (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion. This milestone was …
Read More »Dangote Refinery Dismisses Shutdown Claims, maintains 50 million Litres PMS Daily Output
… Reaffirms N699 Gantry Price as Marketers Lift Over 48 million Litres on Sunday …Blasts Fuel Importers for Spreading Falsehoods and Exploiting Nigerians Dangote Petroleum Refinery has categorically rejected a circulating report claiming the refinery is shutting down for maintenance, describing the story as false and misleading. In a statement …
Read More »Why 2026 Must Be the Year Nigeria’s Economy Works for All
BY BLAISE UDUNZE As the new economic year begins in Nigeria, statements and policies emanating from government officials’ corridors project cautious optimism. One of the official narratives that expresses renewal of hope and confidence is the projection from the Central Bank of Nigeria (CBN) that the economy is expected to …
Read More »CIG Motors Terminates Executive Director Jubril Arogundade Over Financial Misappropriation and Abuse of Authority, Refers Case to EFCC
CIG Motors Co. Ltd has announced the immediate termination of the appointment of its Executive Director, Jubril Arogundade(@JubrilofLagos), following internal investigations that uncovered issues relating to financial misappropriation and abuse of authority. In a statement made available to Nairametrics, the company said the decision followed a period of suspension and …
Read More »Stanbic IBTC Bank Nigeria PMI®: Further marked expansion of business activity at end of 2025
The Nigerian private sector remained in growth territory at the end of 2025 as improvements in customer demand fed through to higher new orders, output and purchasing activity. Employment also increased, but the rate of job creation remained marginal. Inflationary pressures picked up modestly in December but remained generally close …
Read More »FirstBank Hosts Nigeria Economic Outlook 2026, Leads Conversation on Economic Growth
FirstBank, West Africa’s premier financial institution and financial inclusion service provider is pleased to announce the Nigeria Economic Outlook 2026 scheduled to hold on Tuesday, 6 January 2025. The theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth” Nigeria Economic Outlook is …
Read More »Fidelity Bank appoints Onwughalu as Chairman following completion of Chike-Obi’s tenure
Tier one lender, Fidelity Bank Plc, has announced the completion of the tenure of Mr. Mustafa Chike-Obi as Chairman of its Board of Directors effective December 31, 2025, and the appointment of Mrs. Amaka Onwughalu as the new Chairman of the Board, effective January 1, 2026. The board …
Read More »Sokoto Vows To Ensure Due Process In Public Procurement
The Sokoto State Government has reaffirmed its commitment to strict compliance with public procurement standards and due process in the award of contracts, as part of efforts to ensure value for money and strengthen the fight against corruption. The newly posted Executive Secretary of the State Bureau for Public Procurement, …
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