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Access Holdings, Coronation Group celebrate enduring Legacy of Nigerian Modernism
Access Holdings Plc and Coronation Group hosted a private reception at Tate Modern, London, to celebrate the enduring legacy of Nigerian Modernism, one of the most significant presentations of African art in the gallery’s recent programme. The Nigerian Modernism exhibition, in partnership with Tate Modern from October 10, 2025, to May 8, 2026, brought together nearly 300 works by more…
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NDIC takes over 46 revoked MfBs by CBN for liquidation
The Nigeria Deposit Insurance Corporation (NDIC) has formally taken over 46 Microfinance banks whose operating licences were revoked by the Central Bank of Nigeria (CBN), commencing the process of their liquidation and assuring depositors of the payment of insured deposits. The takeover follows the revocation of the licences by the CBN on July 1, 2026. Under Section 12(2) of the…
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At $51.04bn, Nigeria’s external reserves hit 17 years high
Nigeria’s external reserves climbed to $51.04 billion on June 18, 2026, marking their highest level in about 17 years as stronger foreign exchange inflows and improved market conditions continued to support the country’s reserve position. Checks on Central Bank of Nigeria (CBN) data showed that gross external reserves stood at $51.04 billion, the highest level since January 20, 2009, when…
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BREAKING: No casualties during fire incident at our Lagos branch, says Polaris Bank
The management of Polaris Bank has debunked a report of 37 persons feared dead in a fire incident that happened at its Broad street branch in Lagos, stressing that both staff and customers were evacuated from the building. Earlier on Thursday morning, a fire incident occurred at the lender Broad Street Branch in Lagos, originating from a customer’s vehicle parked…
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Nigeria’s petrol imports up by 59.5% in May 2026, says NMDPRA
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Nigeria’s petrol imports rebounded sharply in May 2026, rising by 59.5per cent from the previous month despite growing output from domestic refineries. The NMDPRA’s Midstream and Downstream Petroleum Statistics showed that average daily imports of Premium Motor Spirit (PMS) increased to 5.9 million litres per day in May from…
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PHOTO NEWS: Oluremi Tinubu commissions 10 intra-city roads, ICT centre in Benue
First Lady Oluremi Tinubu, on Tuesday commissioned 10 newly completed intra-city road projects covering about 11.5 kilometres in Makurdi, Benue State, as part of the state government’s Phase I Urban Renewal Programme. Speaking during the event, the First Lady described the projects as practical demonstrations of the Renewed Hope Agenda, noting that the roads would enhance mobility, improve security, stimulate…
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UBA foundation marks World environment day 2026 with tree-planting initiative in Lagos Schools
In commemoration of World Environment Day 2026, the UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa (UBA) Group, has reinforced its commitment to environmental sustainability through a tree-planting exercise at two of Lagos’ most historic educational institutions – King’s College, Lagos, and CMS Grammar School, Bariga. The exercise marks the commencement of the Foundation’s 2026 Tree…
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Shareholders of Seplat confirm Elumelu’s appointment as non-executive director
Shareholders have confirmed the appointment of Tony Elumelu, chairman of Heirs Energies, an indigenous oil and gas company, as a non-executive director of the board of Seplat Energy Plc. The appointment of Elumelu into the Seplat board was confirmed during the company’s 13th annual general meeting (AGM) on Wednesday in Lagos. During the AGM, the shareholders were asked to vote…
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CBN retains interest rate at 26.5%
The Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5per cent after the conclusion of the MPC’s 305th meeting in Abuja. CBN Governor Olayemi Cardoso announced the decision, noting that all other key monetary policy parameters were also left unchanged. The apex bank said the decision reflects a cautious approach aimed at maintaining macroeconomic stability amid…
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Zichis targets additional N540m monthly earning as animal feed capacity scales to 5TPH
Zichis Agro-Allied Industries Plc is ramping up production capacity and expanding its land bank, with the company’s animal feed production scaling up to five tonnes per hour, raking in additional N540 million in monthly revenue. According to the Executive Director, Finance & Strategies, Mr. Chris Ogbaisi, the recently upgraded 5-tonne-per-hour animal feed mill has commenced operations and is projected to…
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