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PHOTO NEWS: Governor Adeleke casts vote in Ede
Osun State Governor Ademola Adeleke, has cast his vote at his polling unit in Ward 2, Unit 9, Abodunge Sagba, Ede North Local Government Area. Adeleke arrived at the polling unit on Saturday to participate in the Osun State governorship election, in which he is seeking re-election. The governor was accompanied by supporters and other party officials as he exercised…
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Nigeria, China deepen health partnership on medical technology
Nigeria and China are set to deepen cooperation in healthcare, particularly in medical technology, hospital development, diagnostics, digital health, artificial intelligence, workforce development and local manufacturing. The Minister of State for Health and Social Welfare, Iziaq Salako, stated this on Friday while delivering Nigeria’s ministerial remarks at the 32nd China International Medical Equipment Exhibition and Scientific Conference (China-HOSPEQ 2026) at…
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If OPay is going public, Nigeria should be on the ticket, by Shola Akande
If Bloomberg’s reporting proves correct, OPay could ring a bell in New York before the end of the year. The payments company, built on Nigerian consumers, Nigerian agents and Nigerian transactions, has reportedly engaged Citigroup, Deutsche Bank and JPMorgan for a potential United States listing targeting a valuation of around $4 billion. That would be good news. It would be…
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GTBank increases international spending limit on naira card by 566.7% to $40,000
The Guaranty Trust Bank (GTBank) has increased the quarterly international spending limit on its naira cards to $40,000. The latest limit represents a 566.7 percent increase from the $6,000 limit in May and 100 percent increase compared to the $20,000 limit as at August 10. The lender announced the increase in an email to customers on Tuesday. “Dear Customer, The…
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Geregu Power fails to redeem N40.09bn bond payments
Geregu Power Plc has defaulted on the eighth coupon or interest payment and fourth bullet principal repayment of its N40.09 billion series one senior unsecured bond. This is contained in an updated listing status published by FMDQ Securities Exchange, seen on Sunday. The bond, which was issued on July 28, 2022, has a seven-year tenor and is scheduled to mature…
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Nestlé Nigeria opens applications for community scholarship programme
Nestlé Nigeria Plc has opened applications for its 2026/2027 Community Scholarship Programme, continuing its commitment to supporting young people in its host communities and helping students achieve their academic goals. Since its launch in 2020, the programme has supported more than 250 students, helping to reduce the financial challenges associated with education and creating opportunities for young Nigerians to succeed.…
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Heirs Insurance Group poised for leadership in post-recapitalisation insurance era
Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has met the National Insurance Commission’s (NAICOM) recapitalisation requirements, with both Heirs General Insurance and Heirs Life Assurance included on the Commission’s list of insurance companies that have satisfied the revised minimum capital requirements. This development follows the conclusion of National Insurance Commission’s (NAICOM) landmark recapitalisation programme, which will reshape Nigeria’s insurance landscape…
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Access Holdings expands green assets to N92.14bn, cuts operational emissions by 28.47%
Access Holdings Plc has published its Sustainability Report for the year ended 31 December 2025 on the Nigerian Exchange Limited, demonstrating how the Group is translating sustainability commitments into measurable business, environmental and social outcomes. The report shows a green asset portfolio of N92.14 billion, a 28.47 per cent reduction in operational greenhouse gas emissions against its 2022 baseline and…
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First Holdco’s market cap crosses N6trn
First HoldCo Plc’s market capitalisation has climbed above N6 trillion after its shares rallied to a fresh high on the Nigerian Exchange (NGX). The latest record further cements the company’s position as Nigeria’s most valuable listed banking group. The lender’s shares rose by 5.48 per cent to N136.65 — an all-time high record in 52 weeks of trading activity. The…
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H1 2026: Dangote Cement declares 34% increase in profit before tax to N560.22bn
Dangote Cement Plc on Thursday announced its half year ended June 30, 2026 with profit before tax (PBT) that gained 34 per ent to N560.22 billion, supported by strong operating performance and significantly lower finance costs. However, the benefit to earnings was moderated by a tax charge of N242.79 billion, translating to an effective tax rate of 43.3per cent, resulting…
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