Author: Ifetayo Adeniyi

As Citibank marks 40th anniversary in financial sector The Board of Directors and Ebru Pakcan, Citi Middle East & Africa Head As Citibank marks 40th anniversary in financial sector Citibank Nigeria Limited has marked its 40th anniversary, celebrating decades in the financial sector. On Sunday, the bank highlighted its journey from its foundation as Nigeria International Bank Limited to becoming a player in Nigeria’s banking landscape. The Chairman of the Board of Directors, Shamsuddeen Usman, said, “Citi has grown steadily, adapting to the evolving needs of its clients, embraced digital transformation, and expanded its services to meet the demands of…

Let’s be kind to Nigeria, please – ‘Nigeria is not finished patapata!’ National Flag of Nigeria Let’s be kind to Nigeria, please – ‘Nigeria is not finished patapata!’ “Nigeria is finished patapata!” Do you often hear that? I have observed over time that there are people who get excited by negative news concerning Nigeria. If the National Bureau of Statistics (NBS) reports that we have recorded a negative GDP growth rate or the economy is heading for a recession, they will be the first to share the news. If the NBS says unemployment and inflation rates have skyrocketed, they will…

NERC transfers Ogun electricity oversight to OGERC NERC NERC transfers Ogun electricity oversight to OGERC. The Nigerian Electricity Regulatory Commission has directed the transfer of the regulatory oversight of the electricity market in Ogun State to the Ogun State Electricity Regulatory Commission. The directive, according to NERC, via its X handle on Monday, owes to the state government’s compliance with the provisions of the Electricity Act 2023 (Amended). The Act requires that for the establishment of any intra-state electricity markets, the state must notify the commission of the processes involved, after which the NERC can give its authorisation. “In compliance…

Tinubu has lauded Warri refinery revamp President Bola Tinubu Tinubu has lauded Warri refinery revamp President Bola Tinubu has praised the re-opening of the Warri Refining and Petrochemical Company by the Nigerian National Petroleum Company Limited, describing it as a remarkable achievement in 2024 that has bolstered Nigerians’ confidence in his administration. The president highlighted the restart of the 125,000-barrel-per-day Warri refinery as a “noteworthy way to end the year,” reaffirming his administration’s commitment to restoring all four refineries in the country to full operational capacity. In a statement issued on Monday by his Special Adviser on Information and…

Warri refinery bounced back to life – NNPCL NNPC Group Chief Executive Officer, Mele Kyari Warri refinery bounced back to life, operation begins. Barely a month after the commencement of operations at the 60,000-barrel-per-day-old Port Harcourt Refinery, the Nigerian National Petroleum Company Limited has announced that the 125,000-barrel-per-day Warri Refining & Petrochemicals Company in Warri, Delta State, is now operational. This was disclosed by the NNPCL Group Chief Executive Officer, Mele Kyari, during a tour of the facility on Monday. A video posted by Channels TV on Monday showed Kyari addressing a tour team, which included the Chief Executive Officer…

LASTMA extends night-time traffic control measures Mr. Olalekan Bakare-Oki, General Manager of LASTMA LASTMA extends night-time traffic control measures. As new year celebrations gather momentum, the Lagos State Traffic Management Authority (LASTMA) has announced an expansion of its night-time traffic management and monitoring operations across key commercial zones, including Lekki-Ajah, Ikoyi, Victoria Island, and other high-traffic areas within the city. This strategic initiative is designed to ensure the uninterrupted flow of vehicular movement within these vital districts, particularly during the holiday season and the subsequent periods of heightened traffic. Mr. Olalekan Bakare-Oki, General Manager of LASTMA, who directly supervised the…

FCMB Group Plc raises ₦147.5 billion with 33% oversubscription at Successful Completion of its Public Offer FCMB Group Plc raises ₦147.5 billion with 33% oversubscription at Successful Completion of its Public Offer. FCMB Group Plc (“FCMB Group” or the “Group”), a leading financial services group, is pleased to announce the successful completion of its public offer, following the approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).The offer was oversubscribed by 33%, attracting 42,800 investors with 92% subscribing via more convenient digital channels such as the bank’s mobile app and ushering in over…

Fidelity Bank kicks off 2025 with Commitment to the Needs of Children with Special Cares, Unveils “Bundles of Joy” Fidelity Bank kicks off 2025 with Commitment to the Needs of Children with Special Cares, Unveils “Bundles of Joy” Fidelity Bank Plc, a leading financial institution, has introduced the “Bundles of Joy” initiative, a new program designed to support children with special needs and their families. The initiative focuses on creating inclusive spaces and activities for children aged 4 to 11 with conditions such as autism, Down syndrome, and cerebral palsy. It aims to address the challenges families face in…

For Nigeria subsidy removal, tax reforms implementation, W’Bank gives $1.5bn loan World Bank For Nigeria subsidy removal, tax reforms implementation, W’Bank gives $1.5bn loan For Nigeria subsidy removal, tax reforms implementation, W’Bank gives $1.5bn loan. World Bank, based in Washington has disbursed a $1.5 billion foreign loan to Nigeria as part of the federal government’s effort to implement fuel subsidy removal and tax reforms. This is according to the World Bank’s recent document on the progress of the loan. The loan had been spearheaded as part of the Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing initiative in…

Deputy Speaker, Kalu Claims ‘Tinubu, Only President That Remember Igbo After 54 Years’ Deputy Speaker, Benjamin Kalu Deputy Speaker, Kalu Claims ‘Tinubu, Only President That Remember Igbo After 54 Years’ Deputy Speaker of the House of Representatives, Benjamin Kalu, says President Bola Tinubu has shown commitment to Igbo people’s development, especially through the creation of the South East Development Commission (SEDC). Kalu spoke on Saturday during an empowerment programme organised by the lawmaker representing Ukwa east/Ukwa west federal constituency, Chris Nkwonta. Deputy Speaker, Kalu Claims ‘Tinubu, Only President That Remember Igbo After 54 Years.’ At the event which was held…