Flobal Financial Services Limited, a leading player in the financial services sector, is pleased to announce the appointment of two distinguished professionals to its Board of Directors, following approval by the Central Bank of Nigeria. Joining the Board as Non-Executive Directors are Mr. Peter Erameh and Barrister Samuel Atarere. This[Read More…]
Business
Knight Frank H2 2025: Lagos Real Estate Stabilizes as Construction Rises
A new half-year real estate report released recently by Knight Frank Nigeria shows that easing inflation, stronger construction activity and rising industrial demand shaped the performance of the Lagos property market in the second half of 2025. The Lagos Market Update H2 2025, unveiled at a media briefing in Lagos,[Read More…]
Dangote Refinery Debunks Fuel Import Allegations; Reaffirms Commitment to Euro-Standard Quality
Dangote Petroleum Refinery & Petrochemicals (DPRP) has officially refuted recent claims suggesting the company imports finished petroleum products. The refinery described the allegations as false, misleading, and based on a fundamental misunderstanding of global refining operations. During a media briefing held at the facility on February 5, 2026, the Chief[Read More…]
Stanford Seed Transformation Network Nigeria Hosts New Year Hangout and Inducts New Cohort 15 in Lagos
The Stanford Seed Transformation Network, Nigeria officially kicked off the year with a high-impact event in Lagos on the 17th of January, 2026, combining its annual end-of-year celebration with the formal induction of Cohort 15 members. The event, themed “Connections That Count” brought together influential business leaders, founders, and stakeholders[Read More…]
FirstBank Introduces Exclusive 500-Seater Bleacher at Carnival Calabar & Festival 2025
FirstBank, West Africa’s premier financial institution and financial inclusion services provider, has officially announced its sponsorship of the Carnival Calabar & Festival 2025, unveiling a landmark addition set to redefine the carnival experience — the first-ever private premium seating area at the event. The highlight of FirstBank’s participation is the[Read More…]
FirstBank Powers Mainland Laffs 3.0 to Light Up Lagos
The Balmoral Convention Centre at the Sheraton in Ikeja underwent a remarkable transformation on Sunday December 7th 2025, becoming the epicenter of Lagos Mainland’s entertainment scene as the highly anticipated Legends Decemba/Mainland Laffs 3.0 event unfolded. This spectacular gathering, which brought together an exhilarating blend of comedy, music, dance, and[Read More…]
Nigerian Stock Market Opens November with N246 Billion Loss
The Nigerian stock market started the month of November on a bearish note, with heavy sell pressure leading to a significant drop in market capitalization. The overall market value shed N246 billion as 37 stocks, led by Aradel Holdings Plc, recorded losses. The benchmark All Share Index (ASI) declined by[Read More…]
NNPC Limited Plans to Boost Stake in Dangote Refinery to 20% Amid IPO Preparations
The Nigerian National Petroleum Company Limited (NNPC Ltd) today announced its intention to increase its equity stake in the $20 billion Dangote Petroleum Refinery to 20 per cent, up from its current 7.2 per cent holding. This strategic move aims to significantly strengthen Nigeria’s domestic refining capacity and reinforce national[Read More…]
Stanbic IBTC Reports Exceptional 52% Profit Growth Despite Balance Sheet Contraction in 9M 2025
Stanbic IBTC Holdings PLC (Stanbic IBTC or the Group) has announced a robust financial performance for the nine months ended September 30, 2025, demonstrating remarkable resilience and strategic agility in a challenging economic environment. The Group reported a stellar 52.3% increase in Profit After Tax (PAT), rising to \text{N278.5 billion}[Read More…]
Manufacturing Growth Continues as Credit Falls by N7.72tn
By Paul Onehi The Manufacturers Association of Nigeria (MAN) has reported that credit to the manufacturing sector declined by 9.5 per cent, falling to ₦7.72 trillion as of March 2025, compared to ₦8.53 trillion in December 2024. The association described the development as a setback to the sector’s fragile recovery,[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]