- Homeland News
Gov AbdulRazaq commiserates with ex-first lady father’s death
By Mosunmola Ayobami, Ilorin Kwara State Governor, AbdulRahman AbdulRazaq has extended his condolences to the Ojoras of Lagos on the death of their patriarch and foremost industrialist, Otunba Adekunle Ojora. The Governor specifically commiserated with Mrs Toyin Saraki, former First Lady of Kwara State, on the death of her father. His condolence message was contained in a statement signed by…
Read More » - Company Report
Dangote appoints MTN Group CEO Ralph Mupita to fertiliser board
Dangote Industries has appointed the Chief Executive Officer of MTN Group, Ralph Mupita, to the board of Dangote Fertiliser Limited. This is as the conglomerate accelerates plans to expand the business and list it on the Nigerian Exchange (NGX). The appointment was confirmed by the Managing Director of Dangote Fertiliser, Vishwajit Sinha, in an email response to enquiries from Bloomberg.…
Read More » - Economy
Tinubu’s economic reforms on track, strengthening political cohesion, says Bagudu
President Bola Tinubu’s ongoing economic reforms are progressing well and have the unusual outcome of strengthening political consensus in the country, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, said on Wednesday in Abuja. He spoke at a meeting with officials from the Agence Française de Développement (AFD) Microeconomic Risk Analysis Due Diligence Mission, led by its Country…
Read More » - Homeland News
Two LGAs declare 24-hour curfew over insecurity in Kwara State
By Mosunmola Ayobami, Ilorin Two local government area councils in Kwara state; Edu and Ifelodun LGAs, have separately, declared 24-hour curfew in their communities as part of security measures to tackle banditry and kidnapping. In separate statements by the authorities of the councils, there will be no human or vehicular traffic in the entire district within the period, saying that…
Read More » - Company Report
Unilever Nigeria grows profit by 103% to N30.74bn in 2025
Unilever Nigeria Plc in its unaudited financial statements for the year ended December 31, 2025 declared N30.74 billion profit after tax, about 103 per cent increase over N15.14billion posted in the audited year ended December 31, 2024. The household company on the Nigerian Exchange Limited (NGX) announced profit before tax to N51.8 billion in 2025, representing an increase of 129…
Read More » - Homeland News
Gov AbdulRazaq declares $35m Chinese investments in Kwara
By Mosunmola Ayobami, Ilorin Kwara State has recorded at least two foreign investments worth $35million, in what underscored Governor AbdulRahman AbdulRazaq’s drive for industrialization and economic growth in the state. Sun Qing Rong, team lead of the ER-KANG Company Limited, said the firm has since concluded and flagged off its $20million lithium factory, aligning with government’s policy to grow value…
Read More » - Business
Providus, Unity banks merger reaches final stage
The proposed merger between Providus and Unity banks has reached the final stage, with an official announcement expected soon. The merger is one of the three consolidations expected in early 2026 as tier-2 lenders scramble to meet the recapitalisation deadline set by the Central Bank of Nigeria (CBN). TheCable in a report stated that sources aware of the development —…
Read More » - Homeland News
Kwara leads APC e-registration in North central as party hails Gov Abdulrazaq’s multisectoral strides
By Mosunmola Ayobami, Ilorin Kwara State Governor AbdulRahman AbdulRazaq received the National Vice Chairman of the All Progressives Congress (APC) in North Central, Alhaji Muazu Bawa, on a working visit to the state. Bawa’s visit on Monday formed a part of his tour of the North Central States to monitor the ongoing e-registration of the party’s membership. The Governor, who…
Read More » - Business
CBN upgrades licences of Opay, Moniepoint, others to national status
The Central Bank of Nigeria (CBN) has officially upgraded the operating licences of several leading financial technology firms and microfinance banks (MFBs) to national status. The announcement was made by Yemi Solaja, director of the other financial institutions supervision department at the CBN, during the annual committee of Heads of Banks’ Operations (CHBOs) conference in Lagos. Solaja noted that the…
Read More » - Perspectives
Why Nigeria’s banks still on shaky ground with big profits, weak capital, by Blaise Udunze
Despite the fragile 2024 economy grappling with inflation, currency volatility, and weak growth, Nigeria’s banking industry was widely portrayed as successful and strong amid triumphal headlines. The figures appeared to signal strength, resilience, and superior management as the Tier-1 banks such as Access Bank, Zenith Bank, GTBank, UBA, and First Bank of Nigeria, collectively reported profits approaching, and in some…
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