Business

FirstBank proudly sponsored the recently held Canada-Africa Fintech Summit (CAFS 2025), which took place from August 5–8 at the Sheraton Centre in Downtown Toronto. Convened by Dr. Segun Aina, President of the African Fintech Network, CAFS 2025 was a landmark event that united fintech leaders, regulators, startups, and investors from …

  The Dangote Petroleum Refinery has firmly dismissed recent reports alleging a shutdown of its operations, reassuring the public and market stakeholders that its activities remain fully active and stable. In an official statement by the Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery’s management categorically denied claims …

The Nigeria Customs Service (NCS) on Thursday addressed concerns raised by importers and licensed customs agents over recent delays in transmitting Product Certificates for Form M and the B’Odogwu platform. The service clarified that the glitch did not exempt the SONCAP procedure required for PAAR processing. Assistant Comptroller of Customs …

Nigeria’s crude oil production has reached a major milestone, peaking at 1.8 million barrels per day (MMBOPD) in July 2025, a development that was attributed partly to enhanced surveillance and stability efforts along the Eastern Corridor of the Trans Niger Pipeline. The Pipeline Infrastructure Nigeria Ltd’s (PINL) mandate is to …

A high court in the federal capital territory (FCT) has ordered Bright Echefu, managing director of Telcom Satellites Limited (TStv), to pay $1.42 million and N938 million debt to Kabiru Tanimu Turaki, a former minister of special duties. In a judgment dated July 7 and seen by TheCable, Justice Bello …

A litre of petrol is selling for as high as N1,700 as fuel scarcity has hit residents of Benue state following the petrol tankers’ protest over unfulfilled compensation Several filling stations are closed, and black market operators have taken advantage of the situation to hike prices The sudden shutdown has …

Stanbic IBTC Bank has successfully enhanced the financial well-being of 148 savers by distributing ₦23 million in the recent May and June draws of its Reward4Saving Season 4 promo. The second and third monthly draws, along with the inaugural quarterly draw of 2025, have had a positive impact on individuals across Nigeria. This initiative continues to transform everyday …

Egbin Power Plc, Ikeja Electric Plc (IE) and First Independent Power Limited (FIPL) have refuted false media reports sourced from misleading advertorials published in This Day Newspapers on August 6, 2025, alleging the appointment of “Kunle Ogunba Esq. SAN” as Receiver/Manager over the entities. The management of the power companies …

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, has been awarded the prestigious title of “Best Investment Bank in Nigeria 2025” at the Global Banking and Finance Awards. This distinguished recognition underscores the institution’s dedication to delivering world-class investment banking solutions that foster sustainable growth and generate long-term value …

In a bold move that cements its position as a digital trailblazer on the continent, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has launched the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its AI-powered chatbot, LEO. With this milestone, UBA becomes the first financial …