BY BLAISE UDUNZE The Olayemi Cardoso-led Central Bank of Nigeria’s 24-month compliance timeline for the recapitalization of Nigeria’s banking system is about to conclude on March 31, 2026, which is framed as an unavoidable solution to systemic fragility, weak balance sheets, and the demands of a larger, more complex …
Read More »FIRST HOLDCO PLC – TAKING THE BULL BY THE HORN WITH A RECORD IMPAIRMENT CHARGE; GROWS GROSS EARNINGS TO N3.4 TRILLION FOR THE UNAUDITED FULL YEAR ENDED DECEMBER 31, 2025.
First HoldCo Plc has announced its unaudited financial results for the year ended 31 December 2025, reflecting a year of deliberate strategic actions aimed at strengthening its balance sheet, improving asset quality, and positioning the business for more resilient and sustainable growth amidst successful capital raise activities. As stated in …
Read More »WEMA BANK LAUNCHES “EVOLUTION OF LOVE” CAMPAIGN FOR VALENTINE’S DAY
…Offers celebrity performance for newly-weds and other gifts for singles, friends and couples* . Following the launch of “ALAT: The Evolution”, Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT, has launched its 2026 Valentine’s campaign tagged “Evolution of Love, powered by …
Read More »Three arrested in Kano over fake N75m bank alert for car purchase
The Kano State Police Command says it has arrested three suspects over the alleged purchase of a luxury vehicle using a fake bank transfer alert. The arrests were disclosed in a statement issued by Abdullahi Kiyawa, police spokesperson, on Friday. “Operatives of its Special Intervention Squad apprehended Ibrahim Tijjani, Jamilu …
Read More »Dangote, China’s XCMG Seal Strategic Partnership on Infrastructure, Mining and Green Equipment
The Pan-Africa Conglomerate, Dangote Industries Limited has entered into a strategic cooperation agreement with XCMG Construction Machinery Co. Ltd, one of China’s leading construction and mining equipment manufacturers, in a move aimed at strengthening infrastructure delivery, industrial capacity and green project development across Africa. Under the agreement, the two companies …
Read More »EFCC charges Muyiwa Akinyemi, Amangbo Stephen, 3 others over N4.3bn fraud
The Economic and Financial Crimes Commission (EFCC) has charged a commercial bank and four other defendants at the Ikeja Special Offences Court, Lagos over alleged a ₦4.3 billion fraud. The other defendants named in the charge include Muyiwa Akinyemi, Amangbo Stephen, Gesos Global Service Limited, and Fedat Global Limited. When …
Read More »Dangote Refinery Affirms Capacity to Supply 75m Litres of PMS, 25m Litres of Diesel, 20m Litres of Jet Fuel Daily
Dangote Petroleum Refinery has reaffirmed its capacity to supply fuel volumes significantly more than Nigeria’s estimated domestic consumption. The refinery said it can supply 75 million litres of Premium Motor Spirit (PMS) daily against an estimated national consumption of 50 million litres, alongside 25 million litres of Automotive Gas Oil …
Read More »Court upholds death sentences for five Offa robbery convicts
The Court of Appeal sitting in Ilorin, Kwara State, on Friday dismissed the appeals of five men convicted over the 2018 Offa bank robbery, upholding their death sentences. PUNCH Online reports that the appellate court, in a unanimous verdict delivered by Justices Ridwan Maiwada Abdullahi, Gabriel Kolawole, and Abdul Dogo, …
Read More »I’m ready to work with FG to tackle insecurity – Sunday Igboho
Sunday Adeyemo, the Yoruba youth activist known as Sunday Igboho, has declared his willingness to work with the federal government to address the country’s worsening security challenges. Adeyemo made the pledge in a statement issued on Friday after his return to Nigeria following nearly five years outside the country. He …
Read More »Respect local customs, NYSC DG advises corps members
Getting your Trinity Audio player ready… The Director-General of the National Youth Service Corps, Brigadier General Olakunle Nafiu, has advised corps members to respect local customs, stay committed, be resourceful, and be punctual at primary assignments and urging them to contribute to Nigeria’s socio-economic development. According to a post on …
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