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…
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…
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…
The Management of NASCON Allied Industries Plc, has attributed significant growth in the dividend payout by 100 per cent to N2 per share and the company’s impressive run during the year, ending December 31, 2024, to the successful expansion of its market base. The aggressive expansion, according to the management, led to a significant increase…
A Federal High Court sitting in Lagos has adjourned the N12.3 billion loan controversy case involving the Chairman of Honeywell Group, Oba Otudeko, and three others, to June 11, 2025. Justice Chukwujekwu Aneke postponed the case to allow time for either a peaceful settlement or the formal arraignment of the suspects. The decision followed reports…
In commemoration of World Malaria Day 2025, Stanbic IBTC has launched a bold, multi-state initiative to curb the spread of malaria, Nigeria’s most prevalent vector-borne disease. The outreach, which began on 25 April – World Malaria Day, in Nchatancha, Enugu East Local Government Area (LGA), continued on 28 April in Okpanam, Oshimili North LGA, Delta…
In a bold move to redefine promotion of financial literacy, Nigeria’s retail lender, Unity Bank Plc, has unveiled GenFi, a new digital banking platform tailored to empower kids and teenagers between the ages of 8 and 18 with essential financial skills. The launch follows a report by the Central Bank of Nigeria, which found that only 38% of Nigerian…