Presco PLC (Presco or the “Company”), has achieved a significant milestone with the successful issuance of its ₦82,896,000,000 7-year 23.75% senior unsecured fixed rate Series I Bonds under its ₦150 billion bond issuance programme (the “Transaction”) with the Securities and Exchange Commission (“SEC”). Stanbic IBTC Capital Limited (“Stanbic IBTC Capital”) acted as …

Rite Foods Limited, a leading indigenous manufacturer in the Food & Beverages sector, has partnered the Noble Association of Social and Resourceful Editors(NASRE) Foundation to provide support for ailing journalists and widows of deceased media practitioners in the country . This collaboration comes as part of NASRE’s ongoing efforts to …

A Federal High Court sitting in Ikoyi, Lagos, has reported ordered the final forfeiture of funds totalling N1,168,602,877.44, $392,818.01, and £35,070, recovered from a former employee of First Bank of Nigeria, Muiz Tijani Adeyinka, to the Federal Government of Nigeria. According to a statement on Tuesday by the Economic and …

Cool Financial Services, a Lagos State-based microfinance bank, has sued First City Monument Bank (FCMB) for allowing Goewe and Sons Ltd., one of its borrowers, to withdraw a N150 million loan sum from an account with an active freezing instruction. Goewe and Sons Ltd. is a merchandise company owned by …

… NESG says FG Must Support Domestic Industries to Achieve a $1 Trillion Economy   Dangote Petroleum Refinery recently achieved a significant milestone by successfully exporting two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a leading integrated oil and gas company globally. Saudi Aramco is the official Saudi Arabian Oil …

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced the opening of its ₦148.7 billion Rights Issue. The Rights Issue, which opened on 15 January 2025, and closes on 21 February 2025, offers existing shareholders the opportunity to subscribe to 2,944,772,083 Ordinary Shares of 50 kobo each …

  Insists Egbetokun’s tenure extension legal A socio-political group, the Citizens for Ethical Leadership & Law (CELL), has expressed support for the Police Service Commission’s (PSC) recent decision to retire senior police officers who have spent over 35 years in service or are above 60 years old, describing the move …

The nascent growth in the Nigerian private sector seen at the end of 2024 was sustained into the first month of 2025, with new orders and business activity each continuing to rise. Moreover, there was a large improvement in business confidence while firms expanded employment, purchasing and inventories. Although input …

Popular Nollywood actor, Timini Egbuson, has stirred conversations with his recent comments on the increasing monetization of romantic relationships by women. Speaking in an interview with TVC, Egbuson stated that many financially stable men do not place much value on relationships because they have unlimited options. He attributed this to …

Nollywood actress Etinosa Idemudia has once again criticized her colleague, Frederick Leonard, for what she describes as bad behaviour on set. In an Instagram post, Etinosa shared an incident where Leonard allegedly mistreated a script supervisor. According to her, the actress called the supervisor closer, then used the woman’s dress …