Stanbic IBTC Bank has been honoured with the Best Trade Finance Bank in West Africa award at the Global Trade Review (GTR) Awards in London on 26 June 2025. This award recognises the bank’s exceptional performance in trade finance and its commitment to delivering innovative solutions. The GTR (Global Trade …
Read More »Climate Alert: NiMet Cautions Nigerians Over Rising Weather Extremes
The caution came during a one-day sensitization forum held in Abuja on Tuesday, targeting journalists and civil society organisations. The Nigerian Meteorological Agency (NiMet) has issued a fresh alert, warning Nigerians to brace for potential climate variability and extreme weather events that continue to pose significant risks across the country. …
Read More »Dangote Refinery reduces ex-depot price by N40 as more marketers join partnership deal
With assurance of a steady supply of petroleum products, more independent marketers have joined the growing list of distributors retailing Dangote Refinery’s high-quality petroleum products across the country. New marketers signed the partnership deal with Dangote Refinery just as the Refinery management announced a reduction in its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, …
Read More »FirstBank Unveils Advanced Facial Biometric Technology on FirstMobile for Seamless User Enrollment and Device Activation
FirstBank, the West Africa premier financial institution and financial inclusion services provider has launched an advanced facial biometric technology on its mobile banking application- FirstMobile, along with other exciting features that includes: Facial recognition sign-up and activation Virtual credit cards for secure online shopping Instant credit card activation Flexible salary …
Read More »NNPCL declares N1.05trn profit for May, remits N5.5trn to FG in 5 months
The Nigerian National Petroleum Company Limited (NNPCL) has declared a profit of N1.054 trillion for the month of May 2025 which indicates a 40% increase from the N748 billion it recorded in April. The oil company disclosed the figure in its Monthly Report Summary for May, released on Tuesday. It …
Read More »Premium Trust Bank official narrates how colleague offered him $7,000 bribe to hack bank’s system
An official of Premium Trust Bank, Ajayi Michael Folaseye, has narrated before a Federal High Court, Ikoyi, Lagos, how he turned down a $7,000 bribe offered by a colleague who sought unauthorized access to the bank’s internal systems. Folaseye, the first prosecution witness (PW1), testified in the ongoing trial of …
Read More »Stanbic IBTC Bank Nigeria PMI: Output growth slows but business confidence rises sharply
The Nigerian private sector remained in growth territory as the first half of 2025 drew to a close, and business confidence improved markedly in June. That said, rates of expansion in output, new orders and purchasing eased from May. Although rates of inflation remained relatively sharp, there were further signs …
Read More »Editor, Energy experts say Dangote’s initiative will reduce production costs, ease inflationary pressures, and stimulate economic growth
The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will …
Read More »SIFAX GROUP BOSS, TAIWO AFOLABI, CONGRATULATES ADEWALE ADENIYI ON HISTORIC ELECTION AS CHAIRPERSON OF WCO COUNCIL
SIFAX Group chairman, Dr Taiwo Afolabi, has congratulated Adewale Adeniyi MFR, the Comptroller-General of the Nigeria Customs Service, on his landmark election as Chairperson of the World Customs Organization (WCO) Council. In a letter personally signed, Dr Afolabi described Adeniyi’s emergence as a testament to his exemplary leadership, deep expertise …
Read More »Hunger: Aliko Dangote Foundation’s free rice excites host communities of Ibese, Itori, Ijebu-Igbo
…Describe the rice Distribution another Operation Feed the Nation Over 30 Host Communities to Dangote Cement Ibese Plant as well as those in Itori in Yewa North, Ewekoro local government aeras of Ogun State respectively were thrown into excitement as the Aliko Dangote Foundation, (ADF) extended its National Food Intervention …
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