BY BLAISE UDUNZE In barely two weeks, Nigeria’s banking sector will once again be at a historic turning point. As the deadline for the latest recapitalisation exercise approaches on March 31, 2026 with no fewer than 31 banks having met the new capital rule, leaving out two that are reportedly awaiting verification. As exercise progresses and draws…
Seven persons have been arraigned before the Special Offences (Mobile) Court sitting in Ikeja Magisterial District for allegedly assaulting enforcement operatives of the Lagos Waste Management Authority (LAWMA) during an environmental enforcement operation. The defendants, Olamilekan Abdullahi (21), Akeem Olamilekan (24), Frank Tom (25), Sakiru Jamiu (20), Emmanuel Abiodun (41), Olarewanju Onyowale (35) and Taiwo…
President Bola Ahmed Tinubu on Wednesday reiterated his firm commitment to sustaining democracy and the rule of law in Nigeria as a lasting legacy. He said the unity and stability of the country rest on the pillars of good governance and assured that his administration will uphold these principles for posterity. According to a statement…
BY BLAISE UDUNZE The past recurring conflicts on other continents and the current developments in the Middle East are a clear reminder to the world that energy markets are deeply linked to conflict and uncertainty, as experienced across the globe today. The rise in geopolitical tensions with Iran, Israel, and the United States has led…
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, March 9, 2026, adjourned indefinitely (sine die) the trial of Fred Ajudua over an alleged $1,043,000 fraud. Ajudua is standing trial for allegedly defrauding a Palestinian , Zad Abu Zalaf, of the sum of $1,043,000 (One Million, Forty-Three Thousand U.S.…
To commemorate World Engineering Day for Sustainable Development 2026, JMG Limited, Nigeria’s leading provider of integrated electro-mechanical solutions, hosted engineering students from the University of Lagos (UNILAG) for an educational tour of the company’s JMG and Jamara production facility in Gbagada Lagos, giving them firsthand exposure to modern engineering innovation in action. The visit aligned with…
The management of Dangote Petroleum Refinery has announced a major reduction in the prices of Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (AGO), also known as diesel. This strategic adjustment is aimed at easing the financial burden on consumers and supporting broader economic stability across Nigeria. Under the new pricing…
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group recorded profit before tax of ₦600.9billion on the back of strong performance on core earning lines of…
Aliko Dangote, President of the Dangote Group, on Monday revealed that his resolve to take thousands of Nigerians off the unemployment market remains intact, noting that his companies will continue to employ Nigerians and contribute to further reducing the country’s unemployment rate. Speaking to the media in his Refinery complex on Monday, Dangote said…
In a milestone move for digital banking, Stanbic IBTC Holdings PLC (“Stanbic IBTC”), an end-to-end financial institution in Nigeria, is set to revolutionize digital financial transactions through the launch of its enhanced mobile app 3.0 tagged ‘APPbility’. This platform aims to transform the digital financial landscape across Nigeria. APPbility builds upon the foundation set by…