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By Damilare Adeleye Guaranty Trust Holding Company Plc (GTCO) has approved a final dividend payout of N429.83 billion for the 2025 financial year, alongside key board appointments. The approval was granted during its 5th Annual General Meeting (AGM) held virtually on April 28, 2026. At the meeting, shareholders endorsed a final dividend of N11.76 per ...
FirstBank has confirmed the appointment of Olayinka Ijabiyi as the substantive Group Head, Marketing and Corporate Communications. According to a statement from the Bank on Thursday, the appointment takes immediate effect and reinforces strong corporate governance at a pivotal point in the Bank’s growth and transformation journey. Olayinka Thomas Ijabiyi is a seasoned marketing and ...
Founder and Director of the Patrick Speech and Languages Centre, Mrs. Dotun Akande has called for a overhaul of Nigeria’s educational system, arguing that the current academic model fails to accommodate the unique needs of autistic children. Speaking as the keynote speaker at The Alternative Bank’s Maiden Autism Stakeholders Roundtable and Policy Dialogue, Akande emphasized ...
President Bola Ahmed Tinubu has reassigned Ms Olu Verheijen as the Special Adviser on Oil and Gas in a strategic move to restructure the energy sector. This is as the President also appointed Mr. Rilwan Lanre Babalola, a former Minister of Power, as the Special Adviser to the President on Power. To ensure clarity of ...
OPay, a leading fintech company in Nigeria, recently signed Memoranda of Understanding (MoUs) with four additional tertiary institutions in the country: Benue State Polytechnic, Ugbokolo, Benue State; Kogi State Polytechnic, Lokoja, Kogi State; Montgomery Polytechnic, Ikere Ekiti, Ekiti State; and Alex Ekwueme Federal University, Ndufu Alike Ikwo, Ebonyi State. This expansion is in line with ...
By Omobolaji Adekunle The Ogun State Agricultural and Multipurpose Credit Agency (OSAMCA) has disbursed loan facilities to 103 micro, small, and medium enterprises (MSMEs) in a move aimed at strengthening small businesses and supporting economic growth across the state. Speaking at the cheque presentation ceremony held in Oke-Mosan, Abeokuta, Permanent Secretary, Ministry of Industry, Trade ...
...as Union Bank, Polaris, Keystone Banks set sight on completing process President Bola Ahmed Tinubu has praised Olayemi Cardoso for leading reforms at the Central Bank of Nigeria (CBN), stating that his policies are helping rebuild the nation's economy for long-term growth. Speaking after the March 31, 2026, deadline for bank recapitalization, Tinubu described Cardoso ...
The Minister of Solid Minerals Development and Chairman of the Africa Minerals Strategy Group (AMSG), Dr Oladele Alake, has called for stronger regional cooperation among African nations to position the continent as a formidable force in global mineral supply chains. Speaking at the Kenya Mining Investment Conference and Exhibition 2026, Dr. Alake said Africa stands ...
The Nigerian capital market staged a robust recovery during the latest trading session, with the total market capitalization advancing by ₦3.2 trillion. The benchmark All-Share Index (ASI) surged by 2.24%, pushing the year-to-date return to an impressive 46.90% and signaling continued investor confidence in the nation's industrial and energy sectors. Trading metrics revealed a significant ...
Brent crude prices have climbed to 2.4% this week, trading above $111 per barrel. The 2.4% price spike in Brent crude is heavily influenced by the worsening security situation in the Middle East. According to available reports, the US-Iran negotiations have reached a stalemate, with Washington reportedly rejecting a proposal from Tehran to end the ...
Lagos state Governor, Mr. Babajide Sanwo-Olu, has been officially inducted as the Associate Member of the Chartered Institute of Stockbrokers (CIS). The Governor was inducted during an induction ceremony held at the Lagos House, Marina on Tuesday. The event was attended by members of the Chartered Institute of Stockbrokers and the Lagos State Executive Council, ...
A policy group, the Independent Media and Policy Initiative (IMPI) has said that the reform policies of the Tinubu administration are reclaiming economic growth. In a policy brief by its Chairman, Dr Omoniyi Akinsiju, the think tank argued that this shows that companies involved in the productive sector have adjusted to the new policy environment ...
The Registrar-General/CEO of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN, today inaugurated the National Working Group on Beneficial Ownership Information, describing it as “the engine of reforms for economic growth.” Inaugurating the group with three core mandates, the RG said beneficial ownership transparency goes beyond regulatory obligation. “It is the cornerstone of good ...
By Damilare Adeleye Shareholders of United Capital Plc have approved a final dividend of ₦12.6 billion for the 2025 financial year. The approval was part of the corporate governance resolutions passed at the company’s Annual General Meeting (AGM) held last Friday in Abuja. According to the resolutions, signed by the Group Company Secretary, Dr. Leo ...
The Nigerian equities market began its new extended trading hour regime on a bearish note this Monday, snapping an impressive 14-session rally as investors moved to lock in profits. The benchmark NGX All-Share Index (ASI) fell by 0.94%, closing at 223,602.29 points compared to Friday’s 225,722.49 points. This downturn resulted in a ₦1.37 trillion contraction ...
President Bola Tinubu has charged Nigeria’s newly appointed ambassadors and high commissioners to aggressively pursue foreign investments, strengthen strategic partnerships and reposition the country’s global image in line with evolving diplomatic realities. Speaking on Monday at the opening of an induction course for the envoys at the Ministry of Foreign Affairs in Abuja, the President ...
Fidelity Bank Plc has successfully crossed the ₦500 billion regulatory capital threshold following the Central Bank of Nigeria’s (CBN) verification of its recent private placement. While the exercise initially saw an oversubscription, the final verified results show a 87.7% successful subscription level amounting to ₦227.05 billion. The Bank had offered 14.8 billion ordinary shares at ...
United Bank for Africa (UBA) Plc has recorded a 11.8 percent growth in customer deposits for the the financial year ended December 31, 2025. According to the audited results released over the weekend, customer deposits grew to N27.2 trillion from N24.3 trillion in the previous year, underscoring continued customer confidence in the pan-African lender. Similarly, the Bank also posted a ...
By Damilare Adeleye Shareholders of Nigerian Breweries Plc have approved the appointment of three new directors and set the board's total remuneration at N233.7 million for the 2026 financial year. These were parts of resolutions passed at the company’s 80th Annual General Meeting (AGM) held in Victoria Island, Lagos, on April 23, 2026, where shareholders ...
By Damilare Adeleye The Deputy Governor, Corporate Services, Central Bank of Nigeria, Emem Usoro, has stated that the ongoing reforms implemented by the apex bank saved the country’s economy from disaster. This was just as she also highlighted the apex bank’s economic policies, noting that aligning monetary policy with fiscal reforms has stabilized the exchange ...
By Damilare Adeleye United Bank for Africa Plc has reported a 9.4 per cent increase in total assets to N33.2 trillion for the financial year ended December 31, 2025, up from N30.3 trillion in 2024. In its audited results released on the Nigerian Exchange Limited on Friday, the bank also recorded an 11.8 per cent ...
By Ejire Folakunmi Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has declared an end to years of economic stagnation, revealing that the nation's real GDP grew by 3.87% in 2025, marking the first time in nearly a decade that economic expansion has officially outpaced population growth. Speaking at a high-stakes interactive session with ...
Nigerian Breweries PLC has delivered a significant net profit rebound, successfully moving away from previous loss positions to a positive Profit After Tax in the first quarter of 2026. Operating profit grew by triple digits during the quarter, supported by healthy high-single-digit margins that reflect a more resilient business model. The earnings were largely influenced ...
