In a desperate move to recover a whooping sum of N1,133,808,604.31, fraudulently removed by some customers, Lotus Bank has dragged 45 banks in Nigeria before a Federal High Court Lagos. Lotus bank, in its motion on notice filed before the Court confirmed that the money was removed on July 20, …

Justice S.C. Oriji of the Federal Capital Territory (FCT) High Court, Maitama, has adjourned till December 9, 2025, the adoption of written addresses by the prosecution and defence counsel in the trial within trial of former Minister of Aviation, Hadi Abubakar Sirika. Sirika is being prosecuted alongside his daughter, Fatima …

The Economic and Financial Crimes Commission (EFCC) has arraigned a Lagos-based businessman, Ajayi Olushola, along with his companies, Hola-Jayu Nigeria Limited and Mozann Global Merchants Limited, over an alleged N1.07 billion fraud involving the supply of Automotive Gas Oil (AGO). Mr Olushola and his firm appeared on Tuesday before the …

Stanbic IBTC Bank reaffirmed its dedication to Nigeria’s agricultural sector at the Lagos Farm Fair 2025, held on 16 October 2025 in Ikeja, Lagos. Organised by the British American Tobacco Nigeria Foundation, in collaboration with the Lagos State Ministry of Agriculture and Food Systems, the event coincided with World Food …

Nestlé Nigeria PLC has announced strong financial results in its 9-Month report, driven by high growth.  Key highlights for January to September 2025 Results : Revenue Growth: Nestlé Nigeria PLC saw a robust 33% increase in revenue, totaling N884.5 billion compared to 9M of 2024. Operating Profit: The operating profit grew to …

Ernest Azudialu-Obiejesi and Nestoil Towers Ernest Azudialu-Obiejesi, Nigerian oil magnate is currently facing hard times as a consortium of Nigerian banks has seized his Nestoil Towers, over an alleged estimated $1 billion debt. The move followed a Federal High Court order issued on October 22, 2025, granting a Mareva injunction—an asset-freeze order—empowering First Trustees Limited and …

EUR/USD rose for the fifth day, nearing its 1.1660-1.1670 in 100 days as markets experienced heavy dollar selling. Investors dumped the greenback in anticipation of a US Fed rate cut. The euro strengthened for the fourth consecutive session yesterday, the longest advance in a couple of months. The pair gains …

The massive leak reportedly exposed over 183 million email passwords. It also contains several passwords linked to Gmail accounts. A massive data breach has reportedly put millions of email users at risk, including accounts associated with Google’s Gmail. Troy Hunt, an Australian security researcher who runs the breach-notification site Have …

Dangote Cement Plc has announced robust financial results for the nine months ended September 30, 2025, showcasing a remarkable 164.8 per cent increase in earnings per suare (EPS), which rose from ₦16.55 to ₦43.80. This significant growth reflects the company’s strong operational performance and strategic expansion efforts. Group revenue climbed …

…….. Reports Profit Before Tax of ₦900.8billion  Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements as of September 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).   The Group posted profit before tax of ₦900.8billion …