Author: Ifetayo Adeniyi

Stanbic IBTC Bank meets CBN’s recapitalisation requirements StanbicIBTC Stanbic IBTC Bank meets CBN’s recapitalisation requirements Stanbic IBTC Bank said it has met the recapitalisation requirement of the Central Bank of Nigeria, CBN, following the successful conclusion the Rights Issue of its parent company, which raised N148.7 billion, with an oversubscription rate of 21.9% to achieve N181.4 billion. The parent company of the bank, Stanbic IBTC Holdings, in a statement stated that this strategic initiative not only ensures that its bank subsidiary meets the stringent recapitalisation requirements mandated by the CBN but also firmly secures a robust financial foundation geared towards…

FIRS unveils e-invoicing for large taxpayers, part of global best practices FIRS chairman, Zacch Adedeji FIRS unveils e-invoicing for large taxpayers, part of global best practices * Takes effect 1st August 2025. The Federal Inland Revenue Service (FIRS) has introduced the National e-invoicing regime for large taxpayers. The FIRS stated that the Electronic Fiscal System (EFS) will commence on August 1, 2025. The commencement of the National E-Invoicing Solution – the Merchant-Buyer model – with effect from August 1, 2025 is a strategic initiative designed to promote transparency, efficiency, and real-time visibility into business transactions across Nigeria. The Service stated…

U.S. allows only single-entry visa for Nigerians, drops validity to three months U.S. allows only single-entry visa for Nigerians, drops validity to three months The United States has announced a new visa regime for Nigeria and other countries. The new regime, according to a statement by the U.S. Embassy in Abuja, is effective from Tuesday 8 July 2025. From then, most non-immigrant and non-diplomatic visas issued to Nigerians will be single-entry visas with a three-month validity period. The change, the embassy said, is in line with its reciprocity policy. The new policy, the embassy however said, does not apply to…

Dangote Refinery drops Petrol price again by reduction of N20 Dangote Refinery • Alleviating economic pressures on Nigerian consumers. Dangote Refinery drops Petrol price again by reduction of N20 Dangote Petroleum Refinery has announced a further reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N840 to N820 per litre, effective immediately. Expert financial analysis. The decision, shared on Tuesday, July 8, 2025, through the refinery’s official X account, represents the second price cut within nine days, reflecting a deliberate strategy to ease fuel costs and stabilize Nigeria’s downstream petroleum market. This follows an…

INEC starts media accreditation, opens portal for by-elections INEC INEC starts media accreditation, opens portal for by-elections The Independent National Electoral Commission on Tuesday made public the commencement of online accreditation for journalists and media organisations intending to cover the upcoming by-elections scheduled for August 16, 2025. According to the commission via its poster, the accreditation portal was opened on Tuesday and will remain accessible until midnight on Thursday, July 31, 2025. Interested media organisations are required to submit their applications through the official INEC portal at https://imap.inecnigeria.org. INEC emphasised that late applications will not be considered, as the portal…

Mr Macaroni graduates from UK drama school with certificate Mr. Macaroni Mr Macaroni graduates from UK drama school with certificate Mr Macaroni graduates from UK drama school with certificate. Popular Nigerian comedian, actor, and content creator Adebowale Adedayo, widely known as Mr Macaroni, has added another feather to his cap as he graduates from the Royal Academy of Dramatic Art (RADA) in London. The skit-maker took to Instagram and X on Tuesday, July 8, 2025, to share the exciting news with fans and followers. He announced that he had successfully completed an Advanced Acting for Camera Course at the globally…

Davido, Lojay got RIAA certifications Davido Davido, Lojay got RIAA certifications Nigerian Afrobeats sensation Davido and Lojay have earned RIAA’s platinum certification for their track with Chris Brown ‘Sensational’. The song released in 2023 became a hit and has officially sold one million units in the United States. The track also earned multiple awards including the award for the Best Duo, Group, or Collaboration Contemporary and Best Music Video at the 2024 NAACP Awards. It was also nominated in 2024 for the Best music performance category.Best headphones deals Lojay and Davido performed on stage with Chris Brown at his sold-out…

Flutterwave returns to transfers from Europe to Africa after hiatus Flutterwave returns to transfers from Europe to Africa after hiatus Africa’s leading payment technology company, Flutterwave, has announced the resumption of Send App to Europe, a year after the service was paused. Flutterwave in June 2024 paused money transfers from the European Union (EU) using its Send App. It said the pause was due to maintenance. Europe is home to one of the largest and most vibrant African diaspora communities globally. According to the World Bank, remittance flows to low- and middle-income countries (LMICs) are set to reach $690 billion…

Pan-Afrikan Drum Festival 2025 Grand Finale Set For July 26 In Toronto Drums, Culture & Celebration: Pan-Afrikan Drum Festival 2025 Grand Finale Set For July 26 In Toronto “The drum is more than an instrument—it is a voice, a prayer to Spirit, the voice of the Earth speaking its heart.” Join us for the highly anticipated Grand Finale of the 2025 Pan-Afrikan Drum Festival, a spectacular celebration of rhythm, culture, and community! 📅 Date: Saturday, July 26, 2025 📍 Venue: Emerald Banquet Hall, 55 Guided Court, Etobicoke, Toronto ⏰ Time: Red Carpet at 5:00 PM | Main Event begins at…

Access Bank UK Hosts Charity Polo Day 2025 To Promote Inclusive Education Worldwide Access Bank PLC, in partnership with Fifth Chukker, and UNICEF, is set to host the Access Bank UK Charity Polo Day 2025 on Saturday, July 12 at the prestigious Guards Polo Club, Windsor, United Kingdom. The event brings together philanthropy, elegance, and global advocacy to raise funds for the education of underprivileged children in Nigeria. Roosevelt Ogbonna, Group Managing Director, Access Bank PLC. This annual charity event has become a hallmark of Access Bank’s enduring commitment to sustainable community development, particularly in inclusive education. Over the past…