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By Seun Ibiyemi Polaris Bank has reiterated its commitment to delivering exceptional customer experience as it concluded activities marking the 2025 edition of the global Customer Service Week themed “Mission: Possible.” The week-long celebration, which ran from Monday to Friday, October 10, featured a series of customer appreciation events and staff recognition initiatives across the ...
By Seun Ibiyemi BUA Foods Plc, a leading player in Nigeria’s fast-moving consumer goods (FMCG) sector, has sustained its impressive growth trajectory in the first half (H1) of 2025, buoyed by improved operational efficiency, disciplined cost management, and a resilient consumer market. As of June 30, 2025, the company’s market capitalisation stood at N8.26 trillion, ...
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has issued a cautionary note, asserting that persistent exchange rate volatility is actively eroding the real value of Nigeria's recent fiscal reform gains, despite a nominal surge in government revenues. This assessment comes in the CPPE's latest policy brief, "Nigeria’s Fiscal and Tax ...
Dangote Cement, a subsidiary of the Nigerian conglomerate founded by Aliko Dangote, has officially launched operations at its new cement plant in Attingué, in Côte d'Ivoire,approximately 30 kilometers from Abidjan. The announcement was made by the Managing Director of Dangote Cement Côte d'Ivoire, Serge Gbotta, during a press briefing held at Novotel Abidjan-Marcory. The state-of-the-art ...
By Seun Ibiyemi Nigerian businessman and philanthropist Tony Elumelu has called on investors in European countries not to be scared-off from investing in Africa, warning that the continent’s future could be shaped instead by China and Gulf nations if Europe remains passive. Elumelu, recognized as one of Africa’s wealthiest and most influential figures, amassed his fortune ...
Zenith Bank Plc, on Friday, October 10, 2025, made good on its promise as it paid a total interim dividend of N51.3 billion to its shareholders for the Half Year (H1) 2025, at N1.25 per share. This significant payout represents over 60% increase from the N31.4 billion paid in H1 2024, demonstrating the bank's commitment ...
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) and the Chartered Institute of Bankers of Nigeria (CIBN) have pledged to strengthen collaboration in addressing emerging issues in the country’s financial system, particularly in areas of digital banking, cybersecurity, and risk management. The Managing Director and Chief Executive Officer of NDIC, Mr. Thompson Oludare Sunday, ...
By Seun Ibiyemi The World Bank has projected that Nigeria’s debt as a share of its Gross Domestic Product (GDP) will decline in 2025, marking the first such reduction in over a decade. The Washington-based institution attributes this optimistic outlook to stronger economic growth and a more stable exchange rate. According to its latest Nigeria ...
Stanbic IBTC Pension Managers has officially launched the fourth edition of its FUZE Talent Show 2025, a nationwide platform dedicated to celebrating and promoting creativity among young Nigerians across the fields of music, dance, fashion, and technology. This year's edition, branded as "The Ultimate Show," aims to spotlight emerging talents and provide crucial empowerment for ...
The Emerging Tax Audit (OTA–ETA) team, a unit of the Federal Inland Revenue Service (FIRS), is celebrating Customer Service Week 2025 with a renewed commitment to the theme, “Mission Possible.” As a proud winner of the Outstanding Performance Award for both 2023 and 2024, the OTA–ETA team reaffirmed its dedication to the FIRS Management, stating ...
The former Governor of the Central Bank of Nigeria (CBN) and Emir of Kano, HRH Sanusi Muhammad Sanusi II, has thrown his support behind the CBN's monetary policies, asserting that the nation has been pulled back from the brink of total economic collapse. Speaking at the ongoing Nigerian Economic Summit Group (NESG) conference, the Emir ...
By Seun Ibiyemi Interbank rates experienced mixed movement last week despite a continued surplus of liquidity in Nigeria's money market, which remained robust at ₦6.12 trillion. This stability was maintained following significant Open Market Operations (OMO) activity by the Central Bank of Nigeria (CBN). The banking system's liquidity actually strengthened, rising by ₦204.69 billion to ...
President Bola Ahmed Tinubu has disclosed that a N200 billion fund specifically targeted at supporting Micro, Small, and Medium Enterprises (MSMEs) and local manufacturers will propel Nigeria's trillion-dollar economy ambition. Speaking at the 31st Nigerian Economic Summit (NES) in Abuja, Tinubu represented by Vice President Kashim Shettima, underscored the government's firm commitment to bold reforms aimed at unlocking ...
First City Monument Bank (FCMB) is marking Customer Service Week 2025 with a commitment to transforming everyday challenges into opportunities through personalized service and innovation. The global celebration, themed "Mission: Possible," runs from October 6 to 10. According to the Bank, the theme highlights its core belief that any goal is achievable with the right ...
By Seun Ibiyemi Operators of Point-of-Sale (PoS) machines risk getting a minimum fine of ₦20 million if they alter the ownership structure of their machines without securing prior approval from the apex bank. This was disclosed in the revised Guidelines for the Operations of Agent Banking in Nigeria, issued on October 6, 2025 by the Central Bank of Nigeria ...
By Denis Matthew, Abuja President Bola Tinubu has announced a significant surge in the Federal Government’s revenue collection, which climbed to ₦27.8 trillion as of August 2025. This achievement surpasses the annual revenue target of ₦18.32 trillion. The disclosure was made by Vice President Kassim Shettima, who represented the President at the 31st Nigerian Economic ...
Polaris Bank, in partnership with the Nigeria Conservation Foundation (NCF), has expanded its nationwide tree-planting campaign to three new locations: the Lekki Conservation Centre in Lagos State, the Federal University of Agriculture, Abeokuta (FUNAAB) in Ogun State, and Sardauna Memorial College in Kaduna State. The initiative, announced in a statement over the weekend, reflects the ...
...calls for policy to curb industrial actions in energy, transport, other sectors By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has called on the Federal Government to urgently create legal frameworks to protect investors and employers. This comes on the heel of the recent face-off between Dangote Refinery and PENGASSAN. In its latest policy ...
The Securities and Exchange Commission (SEC) has imposed a fine of N50.145 million on Stanbic IBTC Capital Limited for breaching regulatory requirements related to the Guaranty Trust Holding Company Plc (GTCO Plc) public offer of shares. Stanbic IBTC’s half-year 2025 financial results confirmed the fine was issued due to the firm’s failure to obtain SEC’s ...
By Seun IbiyemiInvestors in the Nigerian equities market gained a total of N1.1 trillion in the trading week that just ended, driven by a bullish sentiment that prevailed through all four trading sessions leading up to the Independence Day holiday. Data from the Nigerian Exchange Limited (NGX) showed that the market capitalisation increased to N91.1 ...
The Presidential Committee on Fiscal Policy and Tax Reforms says the new Capital Gains Tax (CGT) regime on shares is designed to reduce business risks, strengthen investor confidence, and create a fairer tax system. The Chairman of the committee, Mr Taiwo Oyedele, disclosed this during a virtual market engagement with the Nigerian Exchange Group (NGX) ...
Insolvency experts have called on banks and practitioners to align loan agreements and practices with the rescue provisions of the Companies and Allied Matters Act (CAMA) 2020. Mr Albert Folorunsho, the Vice President, Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), made the call at BRIPAN annual conference gala night on Friday in Lagos. ...
By Seun Ibiyemi The Independent Media and Policy Initiative (IMPI) has applauded the Central Bank of Nigeria’s (CBN) decision to reduce the Monetary Policy Rate (MPR) to 27 per cent, describing it as a bold step towards stimulating economic growth. On Wednesday, Dr. Omoniyi Akinsiju, the Chairman of IMPI, announced in a statement that the ...
