Author: Ifetayo Adeniyi

Elegbede Abiodun “… The financial flexibility allowed the telco to double its capital expenditure from N443.5 billion in 2024 to a staggering N1 trillion over the last twelve months.” Following a year of financial recovery and massive infrastructure spending, Chief Financial Officer, MTN Nigeria, Modupe Kadri, has addressed the growing disconnect between the company’s record N1 trillion investment and the persistent ‘no coverage’ zones across the country. Speaking recently in an interview, Kadri provided a candid assessment of the telecommunications landscape, explaining that while the capital injection is unprecedented, the physical reality of network deployment requires a ‘gestation period’ that…

Elegbede Abiodun Finance Act 2020 requires public limited liability companies quoted on the Exchange to transfer any unclaimed dividend that has remained unclaimed for a period of not less than six years to the Unclaimed Dividend Trust Fund. Nestle Nigeria Plc and nine other companies listed on the Nigerian Exchange Limited (NGX) have declared N24.3 billion unclaimed dividend for the year ended December 31, 2025, about 26 per cent drop from N32.65 billion reported in 2024.  The other companies include: Dangote Cement Plc, MTN Nigeria Communication Plc, UAC of Nigeria, BUA Cement Plc, Lafarge Africa Plc, AXA Mansard Plc, Unilever…

Dangote Cement Dangote Cement Plc, Obajana, has graduated no fewer than 40 participants from its host communities following a comprehensive training programme in fish farming and entrepreneurship. The ceremony was attended by representatives of the Federal Government, the Kogi State Government, Industrial Training Fund (ITF), as well as traditional rulers and other key stakeholders. The beneficiaries, mostly women, were drawn from the host communities of Iwaa, Oyo, Obajana and Apata. This scheme builds on a series of previous community empowerment programmes, including training in poultry production, solar entrepreneurship, and fashion design. The plant director, Azad Nawabuddin, described the skills-acquisition programme…

Leading financial institution, Fidelity Bank Plc, is set to host a high-level virtual webinar focused on helping public institutions to strengthen revenue systems, improve fiscal transparency, and build smarter digital structures for collections, oversight, and accountability. Scheduled for Tuesday, March 24, 2026, the session, themed Digital Fiscal Transparency: Unlocking Sub-national Opportunities for International Partners, will bring together a cross-section of public sector leaders, development institutions, heads of parastatals and agencies, as well as financial experts to explore practical solutions for stronger public finance management. “As public institutions seek ways to improve internally generated revenue and strengthen public trust, there has…

Manny Ita  – Rising Afrobeats star Asake has opened up about the personal struggles behind his rise to fame, revealing how he navigated early resistance from his father while pursuing a career in music. Speaking in a recent interview, the singer recounted how his decision to follow his passion for music was initially met with disapproval at home, particularly during his teenage years when expectations around education and stability took precedence. He described the experience as challenging but formative, noting that it strengthened his resolve to succeed on his own terms. “My dad didn’t really support it at first,” he…

Manny Ita  – The final two cocoa farmers abducted in Ondo State have regained their freedom, bringing a wave of relief to local communities and stakeholders in the agricultural sector following weeks of anxiety over their safety. Police authorities in the state confirmed the development, stating that the victims were rescued through coordinated security operations that also led to the arrest of several suspects linked to the kidnapping. The operation marks the conclusion of efforts to secure the release of all farmers taken during the incident, which had heightened concerns about safety in farming communities. A spokesperson for the command…

File: CBN Building, Abuja The Central Bank of Nigeria has been announced the global “Central Bank of the Year” at the 2026 Central Banking Awards, following sweeping monetary and structural reforms that have helped stabilise the country’s economy after years of policy distortions. This was disclosed in a statement by the Central Banking Awards Committee which credited the apex bank’s policy reset and institutional reforms for restoring confidence in Nigeria’s financial system. According to the statement, the award reflects a decisive return to orthodox monetary policy, improved governance, and reforms that strengthened investor confidence and market stability. Nigeria’s economy had…

Manny Ita  – President Bola Ahmed Tinubu has commended Nigerian energy expert Damilola Ogunbiyi for becoming the first Nigerian to be honoured with the TIME Earth Awards, describing the recognition as a proud moment for the country and a testament to her contributions to global sustainable development. In a statement issued by the Presidency, Tinubu praised Ogunbiyi’s leadership in advancing clean energy access and her sustained efforts in driving the global transition towards renewable power, particularly in underserved and energy-poor communities. He noted that her work continues to place Nigeria at the forefront of international conversations on sustainability and climate…

Manny Ita  – Food prices across markets in Nigeria’s Federal Capital Territory have surged significantly, as rising fuel costs linked to the Middle East crisis continue to ripple through the economy, placing mounting pressure on households and small businesses. A market survey conducted by the News Agency of Nigeria across key trading hubs in Abuja indicates that the increase in the pump price of petroleum products has sharply elevated transportation and production costs, forcing traders to adjust prices upward in response to shrinking margins. At the Orange Market along the Abuja-Keffi road, a major bulk food distribution centre, traders reported…

President reaffirmed his administration’s commitment to investing in technology and equipment to defeat terrorism and other security threats across the country. President Bola Tinubu on Sunday in Lagos said Nigeria has secured French collaboration on military equipment and training following a phone call with French President Emmanuel Macron on Saturday. The President disclosed this during a meeting with state governors at his Ikoyi residence in Lagos, where he observed the Eid-el-Fitr holidays after returning from his two-day state visit to the United Kingdom. This is according to excerpts of the President’s address to the governors at the meeting made available…