Business

Wema Bank has kicked off its 80th-anniversary celebration with the launch of its “80 Years of Spreading Love” Valentine campaign, running from February 1st to 28th, 2025. This campaign is the first in a series of exciting activities leading up to the bank’s grand 80th anniversary on May 2, 2025, …

  The family of the Baale of the Lotu community in the Ibeju-Lekki Local Government Area, Chief Jubril Adebayo Fatai who was brutally killed in a land dispute, has expressed frustration over the prolonged delay in the trial of the suspects involved in the shooting.   The family renewed their …

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 …

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 …

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 …

Nigeria’s non-oil export rose by 20.79 per cent in the value to $5.456bn in 2024, the Nigerian Export Promotion Council (NEPC) said. The figures rose above $4.5bn non-oil export recorded in 2023. The development was disclosed by the Executive Director of the Nigerian Export Promotion Council, Nonye Ayeni. Ayeni attributed …

Telecommunications giant, Globacom, has held a draw in Ibadan to select new winners in its ongoing loyalty reward promo, Festival of Joy. The event, which took place at the Challenge Office of Globacom, was attended by the media as well as a large gathering of walk-in customers, some of who …