Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted cocaine consignments concealed in lipsticks and property title documents going to the United Kingdom and Saudi Arabia respectively. The illicit drug consignments were recovered from cargos being prepared for shipment at a courier company in Lagos on Thursday 3rd July 2025 by NDLEA officers…
Dangote Petroleum Refinery has been identified as crucial to reducing inflation in Nigeria, according to a report by the Financial Derivatives Company (FDC) Limited think tank. In its recently published Lagos Business School (LBS) Executive Breakfast Presentation for July, the think tank noted that Dangote Refinery has become the key mechanism for reducing petrol prices…
No fewer than 30 young entrepreneurs have been awarded a ₦16 million business grant by Unity Bank Plc during the latest edition of its flagship entrepreneurship development initiative, the Corpreneurship Challenge. The winners, budding entrepreneurs developing innovative solutions across various business value chains including fashion design, bag making, pastry making, event management, beauty, vegetable farming,…
Alimosho, the nation’s largest voting constituency, erupted in a spontaneous fun-fair on Wednesday, as a large crowd of residents joined Governor Babajide Sanwo-Olu to inaugurate infrastructure projects in the densely populated Lagos suburb. Sanwo-Olu commissioned the newly rehabilitated and upgraded 3.86km Abaranje Road in Igando-Ikotun Local Council Development Area (LCDA), bringing the much-anticipated traffic relief…
Diogo Jota Liverpool star Diogo Jota, aged 28, dies in a car accident, two weeks after his wedding day. The Portuguese forward was travelling in his Lamborghini with his younger brother Andre, 26, a fellow professional footballer who also died in the crash in the early hours of this morning. The tyre of the supercar,…
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 of cost pressures softening and…
Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07 trillion annually in fuel distribution costs.…
It was another historic milestone for pan-African investor Aliko Dangote and the Dangote Industries Limited over the weekend, as they garnered three prestigious accolades at the 15th annual Brand Africa 100 awards, held at the iconic Africa Hall in Addis Ababa, Ethiopia—the birthplace of the Organisation of African Unity (OAU), now the African Union (AU).…
A parcel of land in Obele-Oniwala community in Lawanson area of Surulere, which was previously used as a dumpsite, has now fully transformed to luxurious residential complex. Governor Babajide Sanwo-Olu turned around what appeared to be an eyesore in the community, overhauling the site to deliver a new set of decent homes for residents. The…
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, recently held its 13th Annual General Meeting (AGM), where it presented its audited financial statements for the year ended 31 December 2024. The AGM highlighted a year marked by strong financial growth, operational resilience, and continued execution of the Group’s long-term strategic priorities. According…