Author: Ifetayo Adeniyi

FG Supports Rebuilding Lagos Airport, 6 Other Aviation Projects Keyamo/Credut: Arise FG Supports Rebuilding Lagos Airport, 6 Other Aviation Projects The Federal Government has given consent for ₦920 billion overhaul of the Lagos aviation hub, alongside six other major projects as President Bola Tinubu turned the spotlight of his Renewed Hope Infrastructure Development Fund on the aviation sector. Minister of Aviation and Aerospace Development, Festus Keyamo disclosed this to State House Correspondents after Thursday’s Federal Executive Council (FEC) meeting. Keyamo described the approvals as “a landmark intervention” that will modernise critical infrastructure across Nigeria’s airports. “Today, it was the turn…

Wema Bank Releases unaudited results for H1 2025, Profit Before Tax climbs 231% to N101.2billion Wema Bank Plc, Nigeria’s oldest indigenous bank, most resilient and pioneer of Africa’s first fully digital bank, ALAT, has released its unaudited consolidated financial statements for the half-year period ended June 30, 2025, to the Nigerian Exchange Group (NGX). On track to set an unprecedented benchmark, Wema Bank’s H1 2025 Unaudited Financial Results reported remarkable financial upturns including a Profit Before Tax (PBT) of ₦101.2 billion, representing a 231% increase compared to ₦30.55 billion recorded in the corresponding period of H1 2024. The Bank’s Gross…

Sterling HoldCo Delivers 157% Profit Growth in Half-Year 2025 … Plans to Launch a Public Offer Yemi Odubiyi, Group Chief Executive Officer, Sterling Financial Holdings Company Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the Group”) has reported a 157% year-on-year surge in profit-after-tax (PAT) in its unaudited results for the half-year ended June 30, 2025, demonstrating continued momentum in revenue growth, operational efficiency, and capital position. The Group’s PAT reached ₦41.78 billion, up from ₦16.26 billion in the same period last year. Earnings per share rose significantly to 89 Kobo from 56 Kobo, reflecting a consistent increment in value…

Aiyedatiwa’s victory in Ondo guber poll stands – Appeal Court Lucky Aiyedatiwa …dismissing PDP’s appeal. The Akure Division of the Court of Appeal in Ondo State on Thursday upheld the election of the Ondo State Governor, Lucky Aiyedatiwa, as the winner of the November 16, 2024, governorship election conducted by the Independent National Electoral Commission. The three-member panel of the Appeal court led by Justice Yargata Nimpar unanimously ruled in Aiyedatiwa’s favour. It affirmed the decision of the lower Ondo State Governorship Election Petition Tribunal which earlier validated the governor’s victory in the November 16, 2024 election. The Court of…

Custom CG Adeniyi’s tenure lengthened Comptroller General of the NCS, Mr Adewale Adeniyi The Presidency has announced that President Bola Tinubu has increased the tenure of the Comptroller-General of the Nigeria Customs Service, Mr. Bashir Adewale Adeniyi on Thursday. The tenure of the CG of Customs which is due to expire on August 31, 2025, now extends by one year. The Presidency, in a statement by the presidential spokesman, Bayo Onanuga, said that the extension, approved by Tinubu, will enable Mr. Adeniyi to consolidate ongoing reforms and complete critical initiatives of the administration. The statement listed the reforms to include…

Dino Melaye withdraws membership from PDP Dino Melaye …Melaye humbly bows out citing lack of capacity. Former Kogi West senator, Dino Melaye, has resigned from the Peoples Democratic Party (PDP), attributing his decision to what he described as the party’s lack of capacity to offer credible leadership or address Nigeria’s pressing political challenges. In a letter dated July 4, 2025, and addressed to the PDP chairman in Ward 1, Aiyetoro Gbede, Ijumu Local Government Area of Kogi State, Melaye announced his immediate withdrawal from all party activities. The letter was made public on Thursday via his official X account. “I…

FCMB, WENA empower 150 women entrepreneurs SheVentures, the women-banking arm of First City Monument Bank (FCMB), has signed a strategic partnership with the Women Enterprise Alliance (WENA) to support the growth and sustainability of women-led businesses in the North Central geopolitical zone. The official signing ceremony, which took place at the Women Enterprise Alliance head office in the Federal Capital Territory, marked the beginning of a high-impact collaboration designed to empower over 150 women-led small and medium-sized enterprises (SMEs) across local, state and regional levels, through access to finance, market opportunities, capacity building and enterprise development. As part of the…

‎NNPC will not sell Port Harcourt refinery Group CEO NNPC Ltd, Bashir Bayo / CREDIT: NNPCL ‎NNPC will not sell Port Harcourt refinery ‎‎The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant. ‎Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, made the announcement during a company-wide town hall meeting at the NNPC Towers in Abuja, ending weeks of speculation over the future of the country’s most prominent state-owned refining asset. ‎A statement by the company management on Wednesday…

Early Exit Package 2024, not after Northerners – CBN Governor of the Central Bank of Nigeria, Olayemi Cardoso | Credit: CBN Early Exit Package 2024, not after Northerners – CBN The Central Bank of Nigeria has reiterated that its Early Exit Package implemented in 2024 was entirely voluntary and not to target or destabilise Northerners working in the apex bank. The Bank’s Deputy Governor on Economic Policy, Muhammad Abdullahi, restated this on Wednesday in Kaduna at a two-day Interactive Session on Government-Citizens Engagement, organised by the Sir Ahmadu Bello Memorial Foundation. Speaking during plenary on Governance and Economy, Abdullahi said…

FG, in two months, attracts $791.49m CNG investments FG, in two months, attracts $791.49m CNG investments Nigeria’s drive to deepen the adoption of Compressed Natural Gas as an alternative transport fuel has taken a further step, with the Federal Government attracting over $791.49m in investments between May and June 2025. It has also ramped up its push for compressed natural gas adoption in the transport sector, mobilising over $980m in investments and deploying more than 100,000 CNG kits within 12 months as part of the Presidential CNG Initiative. This was disclosed in a document obtained from the Presidential Initiative on…