Growth in the Nigerian private sector continued to gain momentum during August as customer demand improved and inflationary pressures softened. Sharper increases in output and new orders were recorded, although rates of expansion in purchasing activity and employment eased. Meanwhile, business confidence softened but firms remained optimistic that output will …
Read More »A Deep Dive into Decadence: The journey of Emirates’ Caviar from source to sky
From Persia to Poland, Emirates selects and serves some of the world’s most premium Ossetra caviar for its First Class customers. With First Class flyers invited to savour unlimited amounts of the delicacy onboard, Emirates has noted an increase of more than 30% in caviar consumption, year on year. The …
Read More »DANGOTE CEMENT DONATES VEHICLES TO LASTMA, TRACE
… To Aid Traffic Management in Lagos, Ogun Leading Cement manufacturer, Dangote Cement Plc has donated Pick-Up vans to the traffic management agencies in Lagos and Ogun States in demonstration of its commitment to public safety, infrastructure support, and national development. Handing over the keys to the leaderships of Ogun …
Read More »GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion
Guaranty Trust Holding Company Plc (NGX: GTCO; LSE: GTCO), today announced that it has increased its investment in its wholly owned Banking subsidiary, Guaranty Trust Bank Limited (“GTBank”) to ₦504 billion through a rights issue subscription for 6,994,050,290 ordinary shares of fifty kobo each made by GTBank for a total …
Read More »Glo appreciates Nigerians for 22 years of support, patronage
Telecommunications giant, Globacom, has expressed appreciation to its customers across the country and beyond for their loyalty and trust over the past 22 years since it commenced operation in the country. In a thank you message to its customers, Globacom said, “22 years of Glo is a story of …
Read More »FIRSTBANK’S ₦1 TRILLION DIGITAL LOAN DISBURSEMENT MILESTONE AND THE NEW ERA OF INCLUSIVE LENDING IN NIGERIA
For decades, Nigeria’s credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals, guarantors, and endless paperwork, effectively shutting out a large portion of the population working in the informal economy. FirstBank’s digital lending model flipped the …
Read More »NNPC Boss Reveals Port Harcourt Refinery Lost N500m Monthly, Halts Rehabilitation Over Mounting Losses
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has disclosed that the Port Harcourt refinery was draining about N500 million monthly, forcing the company to suspend rehabilitation efforts. Ojulari made the revelation on Thursday in Abuja while receiving a delegation from …
Read More »Dangote Group to build 3 million metric tons, valued $2.5bn fertiliser plant in Ethiopia
…Will maintain 60% ownership Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group have announced the signing of a comprehensive shareholders’ agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia. Under the partnership structure, EIH will …
Read More »Dino Melaye in Tax Trouble: Court Summons Ex-Senator Over N500m Default
Former Senator Dino Melaye is once again in the spotlight—this time, not for his trademark theatrics, but for a weighty allegation of tax evasion. A Federal Capital Territory (FCT) Magistrate Court has summoned the former Kogi West lawmaker to appear before it on September 5, following a suit filed …
Read More »Access Holdings names Innocent Ike as new GMD/CEO
Access Holdings Plc has named Mr. Innocent Ike as its substantive group managing director/chief executive officer, effective August 29, 2025, following regulatory approval. The announcement comes just hours after Roosevelt Ogbonna stepped down from the company’s board in compliance with new corporate governance rules. In a statement …
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