Author: Ifetayo Adeniyi

CBN pumps $1.25bn into fuel import, others File Copy of CBN headquarters, Abuja The Central Bank of Nigeria has released a total sum of $1.259bn to oil sector players for the importation of petroleum products and other related items into the country. The amount released between the first three months of 2025 is against the backdrop of the insistence of marketers to continue fuel import despite the availability of petrol from Dangote Refinery. According to fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Petroleum marketers imported 69 per cent of the 21 billion litres of petrol…

FCMB Unveils Mutual Funds Access on Mobile App • FCMB empowers everyone to bank, invest, and grow wealth without limit. First City Monument Bank (FCMB), a subsidiary of FCMB Group Plc, has launched a new feature on its Mobile App that allows customers to open investment accounts and invest directly in mutual funds managed by FCMB Asset Management, the Group’s wealth creation arm. This development marks another significant step in FCMB Group’s ongoing digital transformation, a strategy focused on integrating all its business verticals into a single, full-service financial ecosystem that empowers customers to bank, invest, and grow wealth seamlessly.…

FIRS grows tax collection to N47.39tn Federal Inland Revenue Service … says borrowing is not a sign of weakness but economic strategy. The Federal Inland Revenue Service has achieved a record-breaking tax collection of N47.39tn between October 2023 and September 2025. This period is under the current leadership of the FIRS Chairman, Zacch Adedeji. President Bola Tinubu had approved the appointment of the tax chair on September 14, 2023. The tax agency exceeded its revenue target by 15 per cent, according to new performance figures. The data show that the service recorded sustained growth in both oil and non-oil revenue…

Osimhen leads score for Galatasaray, falling Goztepe to 3-1 Osimhen Victor Osimhen has scored again on Sunday, helping Galatasaray fight back to beat Goztepe 3–1 in a Turkish Super Lig clash at RAMS Park. The visitors stunned the home fans in the sixth minute when Efkan Bekiroğlu fired Göztepe ahead. But Galatasaray hit back through Osimhen, who pounced on a defensive error to draw level in the 19th minute, his third league goal of the season. Goztepe’s night worsened just before halftime as Malcom Bokele was sent off for a reckless challenge, tilting the momentum in Galatasaray’s favour. Osimhen almost…

Super Falcons back to training in Abeokuta A file photo of Super Falcons. | Credit: CAF Champions of the Women’s Africa Cup of Nations and 10-time winners, the Super Falcons, have resumed training at the MKO Abiola Sports Arena in Abeokuta on Sunday, ahead of the return leg of their final qualifying game for the 2026 WAFCON against the Benin Republic. Falcons after camping for almost a week in Lome, Togo, where they played the first leg, the Super Falcons arrived in Nigeria on Saturday via the Murtala Muhammed International Airport in Lagos, before settling in Abeokuta for the return…

OPay to empower youths at Futures Conference 2025 One year after launching its landmark N1.2 billion, 10-Year Scholarship Programme to support education and youth development, OPay is set to host the Empowering Futures Conference 2025 on October 31 at the Marriott Hotel, Ikeja. The conference will bring together stakeholders from academia, the private sector, and the media to reflect on the milestones achieved in the past year and discuss how greater collaboration can amplify the impact of social investments in Nigeria. Since its inception, OPay’s N1.2 billion Scholarship Programme has become a cornerstone of the company’s corporate social responsibility vision.…

Access Holdings Delivers ₦320.6 Billion Profit Before Tax in H1 2025 Access Holdings Plc (“the Group” or “the Company”) has delivered a profit before tax (PBT) of ₦320.6 billion for the half year ended June 30, 2025, a demonstration of its strategy, diversified growth model, and execution. Profit after tax (PAT) stood at ₦215.9 billion, underscoring the Group’s ability to consistently generate sustainable returns amid a challenging macroeconomic environment. Access Holdings recorded gross earnings of ₦2.5 trillion, a 13.8% increase from ₦2.2 trillion in H1 2024, supported by robust growth in interest income, which rose by 38.9% year-on-year to ₦2.0…

PINL expands oil and gas surveillance ‘pro bono’ Pipeline Infrastructure Nigeria Limited (PINL), yesterday, said it had expanded its operations ‘pro bono’ to include all oil and gas facilities in proximity to the Trans Niger Pipeline (TNP). It said that it decided to provide the free services in the interest of national development. General Manager, Community Relations and Stakeholder Engagement of PINL, Dr Akpos Mezeh, disclosed this while addressing stakeholders from host communities of the TNP in Bayelsa. He, therefore, called on stakeholders to scale up real-time information around these critical assets for optimum protection. He also disclosed that following…

U-17 W’ World Cup: Nigeria to combat Italy as knockout stage starts, defeats Samoa 4-0 The Flamingos Nigeria set to combat Italy as knockout stage starts, defeats Samoa 4-0 Megastar magazine reports that the knockout phase of the 2025 FIFA U-17 Women’s World Cup is set to kick off in Morocco, with Nigeria’s Flamingos drawn against Italy in one of the standout Round of 16 fixtures. The match is scheduled for Tuesday, October 28, at the Stade Olympique de Rabat, with kickoff at 8:00 p.m. Nigeria. Their qualification follows an emphatic 4–0 victory over Samoa in Rabat on Saturday. The…

Dangote Refinery announces expansion from 650,000 to 1.4 million barrels daily The Dangote Petroleum Refinery has announced plans to expand its capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, a move that will make it the largest refinery in the world upon completion. President of the Dangote Group, Alhaji Aliko Dangote, disclosed this during a press briefing in Lagos on Sunday. He said the expansion work would commence immediately and would position the refinery ahead of India’s Jamnagar Refinery, currently the world’s largest. “We are expanding the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4…