Author: Ifetayo Adeniyi

Agusto & Co. Affirms Abbey Mortgage Bank’s ‘A3’ Rating, Reinforces Its Position As A Stable And Reliable Financial Institution Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A3’ rating assigned to Abbey Mortgage Bank by reinforcing its position as a stable and reliable financial institution in Nigeria. According to Agusto & Co., Abbey’s stable outlook is supported by its low leverage, steady financial fundamentals, and strong focus on operational efficiency, amid a challenging macroeconomic environment. This is evidenced by a decline in its non-performing loan (NPL) ratio, driven by recoveries from legacy exposures and continued improvements in credit…

CIG Group, Owners of GAC Motors, Join Forces with Davido to Bring Afrobeats Home With The Five Alive City Tour Davido with the GAC S8 One of Africa’s biggest Afrobeats artists, Davido, is bringing the sound home with the Five Alive Tour, a groundbreaking nationwide campaign across Akwa Ibom, Adamawa, Enugu, Ibadan and Lagos. It marks one of the first times that a member of Afrobeats’ “Big Three” is touring Nigeria at full scale, not as a stop between international shows but as a deliberate celebration of local fans, cities and culture. Partnering with GAC Motor Nigeria, powered by CIG…

First Bank unveils 2025 CR&S Week to empower communities, protect planet Segun Alebiosu, Chief Executive Officer of First Bank First Bank has announced the commencement of its 2025 Corporate Responsibility and Sustainability (CR&S) Week, slated to hold from 27 October to 1 November, 2025. Now in its ninth edition, the annual CR&S Week represents a major milestone in the Bank’s long-standing commitment to community empowerment, environmental protection, and alignment with the United Nations Sustainable Development Goals (SDGs). Anchored on the Bank’s signature initiative, ‘Start Performing Acts of Random Kindness’ (SPARK), the 2025 CR&S Week will focus on fostering a culture…

Airtel Africa Foundation Partners With The ITU, RISA & Cisco To Boost Digital Skills Development In Rwanda Airtel Africa Foundation has partnered on a Joint Initiative with the International Telecommunication Union (ITU), Rwanda Information Society Authority (RISA) and Cisco on capacity and digital skills development, under the Digital Transformation Centres (DTC) Initiative. This partnership aims to bridge the digital divide and promote digital inclusion by providing free Internet connectivity and digital skills training to underserved communities in Rwanda, in connection with the advancement of the 2030 Agenda for Sustainable Development. ITU will provide digital skills training content to the DTCs…

Stanbic IBTC Bank Rewards 78 Savers With ₦16 Million In Sixth Monthly And Second Quarterly Draws L-R: Oladunni Fatai, winner; Bidemi Iziomoh, winner; Emmanuel Aihevba, Head, Personal Clients, Stanbic IBTC Bank; Francis Goma, winner; and Odion Oyelowo, Surveillance and Investigation, Federal Competition and Consumer Protection Commission (FCCPC) SouthWest Zone, during the Reward4Saving Promo 4.0 second quarterly draw cheque presentation, recently held in Lagos. Stanbic IBTC Bank remains committed to putting smiles on the faces of its customers by enhancing their financial well-being. At the bank’s recent Reward4Saving Season 4 Promo combined draw, 78 savers emerged as joint winners of ₦16…

Pastor Adeboye visits Uma Ukpai’s family, calls him ‘true general’ General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, has expressed deep sorrow over the passing of renowned evangelist, Reverend Uma Ukpai, describing him as “a true general in the army of God” and “a man of unshakable faith.” Adeboye, in an emotional tribute shared on his official social media pages, revealed that he visited the late cleric’s residence earlier today to console the family. “Earlier today, I paid a condolence visit to the residence of my dear friend and brother, Reverend Umai Ukpai, who…

FIFPro 2025: Football’s finest compete for coveted world XI Spots Fifpro Football fans around the world now know the names of the 26 players shortlisted for the 2025 FIFPro Men’s World XI, as the global players’ union officially released the list on Monday. The annual award celebrates the very best footballers on the planet, as voted by their fellow professionals. Players from every continent participated in the voting process, making the FIFPro World XI one of the most respected recognitions in football. This year’s shortlist features a blend of established superstars and exciting young talents who have shone for both…

Paul Biya of Cameroon re-elected for eighth term Cameroon President Paul Biya • Biya is the second president of Cameroon since independence. Cameroon’s President Paul Biya, 92, has been re-elected for an eighth term with 53.7 percent of the vote, according to official results announced by the Constitutional Council on Monday. Rival candidate and former government minister Issa Tchiroma Bakary came second with 35.2 percent, the council said. Chiroma had claimed victory against the incumbent two days after the October 12 election and called for demonstrations. Four people were killed on Sunday in clashes between security forces and supporters of…

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.…