Author: Ifetayo Adeniyi

In parallel market, Naira appreciates to N1,512/$ In parallel market, Naira appreciates to N1,512/$. The Naira yesterday appreciated to N1,512 per dollar in the parallel market from N1,515 per dollar on Tuesday. However, the Naira depreciated to N1,505 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,505 per dollar from N1,502 per dollar on Tuesday, indicating N3 depreciation for the naira. Consequently, the margin between the parallel market and NFEM rate narrowed to N7 per dollar from N13 per…

Telecoms revenue to hit $1.1trn through 5G — PwC Telecoms revenue to hit $1.1trn through 5G. Global telecoms revenue is projected to reach $1.1 trillion by 2028, driven by fixed broadband and 5G subscriptions, despite mounting cost pressures and sluggish subscriber growth, PwC said in its Global Telecoms Outlook report. The report, released ahead of the Mobile World Congress in Barcelona, forecasts the telecoms industry’s revenue to grow at a compound annual growth rate of 2.9 per cent through 2028 — below inflation levels — as operators contend with rising costs, competition, and subdued subscriber expansion. Fixed broadband and mobile…

Sanwo-Olu grants FirstBank approval to build HQ in Eko Atlantic First Bank Headquarters Sanwo-Olu grants FirstBank approval to build HQ in Eko Atlantic The Governor of Lagos State, Babajide Sanwo-Olu, has presented a certificate of approval to FirstBank Group to commence construction of its eco-friendly headquarters in Eko Atlantic City. Sanwo-Olu made the presentation during his speech at the ground-breaking ceremony held on Wednesday. The bank has announced that it is constructing a 40-storey edifice, set to be the tallest building in Nigeria. It described the project as an engineering and environmental marvel, featuring technologically advanced, eco-friendly, and sophisticated construction…

Oyo use one-way tyre spikes to discourage traffic violations Oyo use one-way tyre spikes to discourage traffic violations The Oyo state government has installed one-way tyre spikes to deter motorists from driving against traffic, reinforcing its commitment to road safety and traffic regulation enforcement. The spike barrier was recently installed at Idi-Ape, Ibadan North East Local Government Area, drawing commendation from motorists. A viral video showcasing the functionality of the spikes demonstrated how they puncture the tyres of vehicles attempting to drive in the wrong direction. A source, speaking anonymously, revealed that the initiative is part of broader efforts to…

CBN Decides To Appoint 16 New Directors CBN Decides To Appoint 16 New Directors. The Central Bank of Nigeria (CBN) has appointed 16 directors effective March 3. The appointments were said to have been made to bolster the apex bank’s operations in a number of policy-driven, regulatory and supervisory capacities. The directors are Jide-Samuel Avbasowamen, director of the information technology department; Abdullahi Hamisu, director of the banking services department; Ojumu Adenike, director of the medical services department; and Makinde Olanrewaju, head of the procurement and support services department. In the financial department, CBN appointed Sike Ijeoma as director of…

Dangote, Burna Boy and Cecil Hammond break Ramadan fast Burna Boy, dressed in a stylish navy blue outfit, with Dangote Dangote, Burna Boy and Cecil Hammond break Ramadan fast Dangote, Burna Boy and Cecil Hammond break Ramadan fast. Billionaire businessman Aliko Dangote on Tuesday hosted Afrobeat star Burna Boy and music executive Cecil Hammond at his residence for Iftar, the evening meal that marks the breaking of the fast during Ramadan. Dangote, Burna Boy and Cecil Hammond break Ramadan fast.  A video from the gathering showed Burna Boy, dressed in a stylish navy blue outfit, warmly greeting Dangote and other…

Stanbic IBTC Stockbrokers reappointed as official Federal Government Stockbroker by DMO: A testament of competence and excellence In the dynamic and ever-evolving world of finance, competence remains a crucial currency. It is a defining factor that separates industry leaders from the rest. For Stanbic IBTC Stockbrokers, a subsidiary of Stanbic IBTC Holdings PLC, this competence has once again been recognised and rewarded, as the Debt Management Office (DMO) of Nigeria has reappointed the firm as the Government Stockbroker to the Federal Government of Nigeria. This prestigious reappointment underscores the firm’s unwavering commitment to excellence; consistency in delivering superior service; and…

I didn’t quit Nollywood because of Ibrahim Chatta – Apa Apa Nollywood actor Sanusi Izihaq, popularly known as Apa, has opened up about the challenges he has faced in the movie industry and the reason he is still in Nollywood today. Speaking on the Talk to B podcast with actress Biola Bayo, the former Continuity Manager-turned-actor credited fellow actor Ibrahim Chatta for preventing him from quitting acting. “Big shoutout to Ibrahim Chatta. I would have left Nollywood if not for him,” Apa revealed. He recalled an incident where a director, whom he had never worked with but who had only…

FirstBank Holds Groundbreaking Event For New 40-Storey Eco-friendly HQs In Lagos FirstBank Holds Groundbreaking Event For New 40-Storey Eco-friendly HQs In Lagos FirstBank of Nigeria Limited, West Africa’s premier bank and a key player in financial inclusion, will today (Wednesday) host the groundbreaking ceremony for its new, green-certified headquarters in Eko Atlantic City, Lagos. The 40-storey building, set to become the tallest structure in Nigeria, promises to be a technological and environmental marvel, with advanced, eco-friendly construction designed to set new benchmarks in Africa’s financial services sector. A statement on Wednesday signed by Olayinka Ijabiyi, Ag. Group Head, Marketing &…

RISIEC fixes August 9 for fresh Rivers LGA elections Justice Adolphus Enebeli RISIEC fixes August 9 for fresh Rivers LGA elections The Rivers State Independent Electoral Commission (RISIEC) has fixed August 9, 2025 to hold fresh local government elections following the Supreme Court’s judgement that sacked the local government chairmen and councilors. The Chairman of RSIEC, Justice Adolphus Enebeli (retd.), released the new date on Wednesday during a stakeholders’ meeting in Port Harcourt. Enebeli said the decision was in line with the last Friday’s Supreme Court judgment, which nullified the October 5, 2024, local government elections conducted by his commission.…