Author: Ifetayo Adeniyi

As part of a sweeping, pan-African corporate reorganisation, MTN Group officially advanced its structural separation framework in Nigeria today. Following a successful shareholder vote at the Annual General Meeting, Nigeria now officially joins Ghana and Uganda in implementing the same structural separation on a phased, country-by-country basis. The telecommunications group, which indirectly owns 76.40% of MTN Nigeria, is actively pursuing its “Ambition 2030” strategy to become the continent’s leading Connectivity, Fintech, and Digital Infrastructure platform. The structural shift was officially approved at today’s AGM. The passed proposal outlines a shared ownership structure where a new financial holding company will be…

Manny Ita  – The Federal Government has unveiled a new partnership with private investors aimed at expanding the Lekki Free Trade Zone, with a strong focus on developing green energy manufacturing capacity. The initiative is part of a broader strategy to position Nigeria as a leading hub for sustainable industrialization in West Africa. According to officials, the expansion will prioritize the establishment of facilities dedicated to renewable energy technologies, including solar panel assembly, battery production, and other clean energy solutions. The move is expected to attract both local and international investors seeking to tap into the growing global demand for…

Elegbede Abiodun Says MoU has been sent to strengthen cooperation between the Nigeria Customs Service and the UAE Customs. The Comptroller-General of Customs, Bashir Adewale Adeniyi, on 29 April 2026 held a diplomatic engagement with the Embassy of the United Arab Emirates (UAE) in Abuja, where both parties reaffirmed their commitment to strengthening trade relations and customs cooperation between Nigeria and the UAE. During the engagement, the UAE Ambassador to Nigeria, His Excellency Salem Saeed, congratulated the CGC on his emergence as Chairman of the World Customs Organization (WCO), describing it as a proud achievement for Nigeria and Africa. He…

Manny Ita  – Nigeria Air has announced a significant expansion of its regional operations, adding three new West African capitals to its daily flight schedule in a move aimed at strengthening connectivity and boosting economic ties across the subregion. The development marks a strategic step in positioning Nigeria as a central aviation hub, with increased frequency and accessibility expected to support business travel, trade, and cultural exchange. Industry observers note that the expanded routes will not only improve passenger movement but also enhance cargo logistics, offering new opportunities for exporters and regional enterprises. The airline’s growing network reflects renewed efforts…

Manny Ita – A landmark exhibition celebrating contemporary West African sculpture has opened at the National Museum Lagos, drawing attention from artists, historians, and collectors across the continent and beyond. The retrospective showcases a wide range of sculptural works spanning decades, with a particular focus on innovation, identity, and the evolution of form in postcolonial West Africa. One of the most significant aspects of the exhibition is the inclusion of several “lost” pieces that were recently repatriated from European collections earlier this year. These works, many of which had been held in private galleries and institutions abroad for decades, are…

Nigeria’s economic ambitions, whether higher productivity, a more competitive private sector, or stronger household resilience, all eventually run through the same bottleneck: the quality of the country’s human capital. For a bank, that fact carries a quiet implication. The customers, entrepreneurs, and employees of the next two decades are sitting in classrooms today, and many of those classrooms are under-resourced. It is in that context that Union Bank of Nigeria has built its corporate social responsibility agenda around one of its major pillars – education. The thinking is not that a bank can fix Nigerian education, but that a bank…

Manny Ita  – The Nigerian music industry is witnessing a wave of excitement following the announcement of a new collaboration between legendary Jùjú maestro King Sunny Adé and fast-rising Afrobeats star Mavo. The partnership has ignited widespread conversation across social media, with fans and industry observers hailing it as a rare and powerful fusion of two distinct musical eras. On one hand is King Sunny Adé, a globally celebrated pioneer whose influence helped shape the international perception of Nigerian music through Jùjú and highlife. On the other is Mavo, a Gen Z sensation who has dominated airwaves throughout 2025 and…

NNPC Achieves Success In Completion Of River Niger Crossing For OB3 Gas Pipeline Elegbede Abiodun The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network. The successful crossing unlocks the full potential of the OB3 Pipeline, a strategic infrastructure designed to transport up to 2 billion standard cubic feet of gas per day, significantly strengthening energy availability, enhancing supply reliability, and accelerating national economic development. Executed approximately two kilometres beneath…

Elegbede Abiodun Stanbic IBTC Holdings Plc reported a profit after tax of N114.9 billion for the first quarter ended March 31, 2026, representing a 40.01 percent increase from N82.06 billion recorded in the corresponding period of 2025, supported by growth in interest and non-interest income. According to the audited result for the period ended March 31, 2026, the group’s profit before tax rose by 42.04 percent year-on-year to N165.3 billion from N116.4 billion, reflecting stronger revenue generation across core business lines despite pressure from rising funding costs. Interest income rose to N186.3 billion from N180.4 billion, driven primarily by loans…

Elegbede Abiodun NESCAFÉ, Nigeria’s leading coffee brand, is pleased to announce the launch of its nationwide Next Level Promo, running from April to June 2026. The campaign offers consumers over ₦80 million in cash and meaningful prizes that support entrepreneurial growth. During the campaign, consumers stand a chance to win cash, airtime, laptops, professional cameras, makeup kits, sewing machines, and access to exclusive masterclasses. Participation is simple: purchase any NESCAFÉ Original 3-in-1 promo pack from a participating store. Each pack contains a unique code. Dial *7022# and follow the prompts to enter your code for a chance to win. Winners…