Business

Chairman of First HoldCo Plc, Mr. Femi Otedola has said the group, and its subsidiaries will become the global standard for financial services in Nigeria and across the globe. He spoke at First HoldCo’s 13th annual general meeting (AGM) on Thursday in Lagos. The mogul, describing the vision as “simple, but bold”, said his team intends to build a group…

Dangote Petroleum Refinery & Petrochemicals has announced another reduction of N15 in the price of its high-quality Premium Motor Spirit (PMS) or petrol to N875 per litre. As a result of this reduction, Nigerians will now purchase the product at the following prices: N875 per litre in Lagos; N885 per litre in the South West; N895 per litre in the…

The National Orientation Agency (NOA) has commenced talks with WEMA Bank to collaborate on the National Identity Project, a government-approved campaign aimed at strengthening national values and promoting attitudinal change among Nigerians. During a strategic meeting held in Abuja, NOA Director General, Mallam Lanre Issa-Onilu, outlined the agency’s renewed focus on value reorientation, driven by the newly introduced 7-for-7 National…

By Kunle Sanni Vice President Kashim Shettima has commended billionaire industrialist Aliko Dangote for prioritising national development over personal profit through his $19 billion investment in Nigeria’s oil refining sector. Speaking at the Taraba International Investment Summit in Jalingo on Wednesday, Shettima noted that if Dangote had invested the same amount in global tech giants like Amazon, Google, or Microsoft,…

The Managing Director/Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), Mr Bamanga Usman Jada, has pointed out that cooperation with Lagos State is crucial to fulfilling OGFZA’s mission of enhancing the ease of doing business and drawing foreign direct investment into Nigeria’s industrial and energy corridors. The OGFZA boss spoke as part of a federal government…

Access Bank Plc has once again emerged as Nigeria’s most valuable brand, securing the top position for the fourth consecutive year in the latest “Nigeria 25 2025” ranking by Brand Finance, the world’s leading brand valuation consultancy. This achievement reaffirms Access Bank’s sustained brand leadership and its impact on the financial landscape through innovation, customer-centricity, and strategic growth. The 2025…

Nigeria’s power sector continues to grapple with serious challenges on the distribution front, threatening to undermine recent improvements in electricity generation and transmission, according to Minister of Power Bayo Adelabu. Speaking at a senate committee retreat, Adelabu criticized the electricity distribution companies (DisCos) for failing to meet performance expectations and frustrating efforts to deliver stable power to consumers. Despite a…

 The Chairman Aliko Dangote Foundation and President/Chief Executive, Dangote Industries Limited, Aliko Dangote has been named in the inaugural 2025 TIME100 Philanthropy list, which recognises the 100 most influential leaders shaping the future of philanthropy across the world. Dangote is the only Nigerian on this distinguished list.  The prestigious list, published by TIME Magazine on Tuesday, features Aliko Dangote, whose…

The equities market section of the Nigeran Exchange Limited (NGX) on Tuesday rebounded as the overall capitalization gained N21 billion following buying interest in Nestle Nigeria Plc and 30 others. This is as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at conclusion of its 300th meeting retained the MPR at 27.50 per cent, maintained the…

The  Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to retain its Monetary  Policy Rate at 27.50 per cent with an asymmetric corridor at +500basis points/-100basis points.  For the second meeting in 2025, the members have voted to retain interest rate or MPR at 27.50 per cent in a move to tackle inflation rate…