By BLAISE UDUNZE Nigeria’s banking sector has entered a season of reckoning. Eight of the nation’s biggest banks have collectively booked N1.96 trillion in impairment charges in just the first nine months of 2025 which represents a staggering 49 percent increase from the N1.32 trillion recorded in the same period of 2024. …
Read More »Stanbic IBTC Pension Managers supports ART X Lagos 2025 to celebrate African creativity
As West Africa’s leading art fair, ART X Lagos, marks its 10th anniversary themed Imagining Otherwise, No Matter the Tide, Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, celebrates its ongoing belief in the power of art to spark dialogue, deepen knowledge, and strengthen community through its sponsorship of this year’s fair. …
Read More »Lagride Launches Low-Cost Omni to Disrupt Korope Transport in Lagos with Safer, Smarter, and Air-Conditioned Rides for Individuals, Offices, Churches, and Communities
Lagos’ leading smart mobility platform has launched the Lagride Omni, a low-cost, air-conditioned shared-ride service designed for offices, churches, schools, and large groups. The Omni represents a major step forward in modernising group transportation across the city, offering a safer, cleaner, and more coordinated alternative to the traditional Korope minibuses …
Read More »N8bn Fraud: Court sentences banker to one year’s imprisonment
The judge Rahman Oshodi delivered the judgement on Wednesday after the banker changed his plea from not guilty to guilty. The Lagos State Special Offences Court in Ikeja has sentenced a banker, Samuel Asiegbu, to one year’s imprisonment without an option of fine for his role in an alleged N8.56 …
Read More »Senate Uncovers $303bn Crude Oil Theft, Orders Further Probe
The Nigerian Senate has uncovered large-scale financial discrepancies in the oil sector, revealing that about $303 billion was allegedly stolen from local and international crude oil transactions. The revelation came through the Senate Committee on Investigating Incessant and Nefarious Acts of Crude Oil Theft in the Niger Delta, which said …
Read More »DANGOTE SHOWCASES PRODUCTS, INNOVATIONS AT LAGOS TRADE FAIR
…unveils New 100g, 25kg Dangote Sugar Packs As part of its strategies to boost market share and deepen customers’ loyalty, the Pan-African Conglomerate, Dangote Industries Limited (DIL) and companies under the Group are set to headline the Lagos International Trade Fair with arrays of products and innovations. The …
Read More »Nestlé Professional Celebrates International Chefs Day 2025 with Young Food Explorers
Nestlé Professional, in collaboration with the World Association of Chefs’ Societies (Worldchefs) and the Association of Professional Chefs Nigeria (APCN), joined chefs around the world to celebrate International Chefs Day 2025 under the inspiring theme “Food Explorers.” The event held on October 21, 2025, at Nestlé’s Sagamu Factory in Ogun …
Read More »Emirates profits jumps to $3.3B and maintains position as the world’s most profitable airline
The Emirates Group today announced a new record half-year financial performance, posting a profit before tax of US$ 3.3 billion for the first six months of 2025-26, making this the fourth consecutive year of record profitability for the half-year reporting period. After accounting for income tax charges, the Group’s profit …
Read More »Zest Receives Dual Honours at the 2025 MSME Finance and CEO Awards
Zest Payments is proud to announce that it has been honoured with two prestigious recognitions at the 2025 MSME Finance and CEO Awards, organized by the Africa Global Economic Forum. Zest emerged as the MSME Fintech Payment Platform of the Year, acknowledging the company’s innovation, reliability, and impact in driving seamless payments for …
Read More »Ambrosie Orjiako, Seplat co-founder, fraudulently hid assets over $220.3m debt – Court
Ambrosie Orjiako, co-founder and former chairman of Seplat Energy Plc is in fresh trouble as a court in the British Virgin Islands (BVI) has ruled that he fraudulently concealed assets to evade repayment of a $220.3 million debt owed to Access Bank. The enforcement order, delivered by Justice Abbas Mithani …
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