Author: Ifetayo Adeniyi

Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT, has released its FY 2025 Audited Financial Results, achieving record-breaking growth and unparalleled performance across several key metrics. Key figures include the doubling of the Bank’s Profit Before Tax (PBT) from ₦102.5bn in FY 2024 to ₦221.9bn, an impressive 116.4% increase. Profit After Tax (PAT) also surged by 125.4% from FY 2024’s ₦86.2bn to ₦194.5bn. Total assets also reached the 5 trillion mark, with the attainment of ₦5.07tn, a 41.5% increase from FY 2024’s ₦3.59tn, reflecting a growingly resilient balance sheet. Gross earnings…

The Independent National Electoral Commission records over 3.4 million new voters in the second phase of the Continuous Voter Registration exercise that’s ongoing nationwide.  Following the commission’s week 13 update released on Wednesday in Abuja, a total of 3,441,121 registrations have been completed as of April 3, covering both online pre-registrations and physical walk-ins. INEC declared that 2,068,384 citizens completed their registration online, while 1,372,737 others registered physically at designated centres across the country. State-by-state data showed that Jigawa recorded the highest number of registrants with 201,047, representing 5.84 per cent of the total. Lagos followed with 181,095, while Kano…

The Tertiary Education Trust Fund (TETFund) has reassured of its commitment to driving digital transformation in Nigeria’s tertiary education sector through its continuous support for the Blackboard Learning Management System (LMS). This strategic partnership is planned to revolutionise teaching and learning across over 280 public tertiary institutions in Nigeria. At a meeting with Anthology Blackboard representatives, TETFund emphasised the critical role of the LMS in enhancing student engagement, faculty adoption, and the overall quality of education. With over two million users benefiting from its features, the system has already proven its significant efficiency. One of the highlights of the meeting…

The Nigerian National Petroleum Company Limited has said Nigeria’s crude oil production has increased from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, with a peak of 1.84 million barrels per day in 2025, following intensified pipeline security measures in the Niger Delta. The Group Chief Executive Officer of the company, Bashir Bayo Ojulari, disclosed this at the Parliamentary Roundtable on the State of Pipeline Security held at the National Assembly in Abuja on Wednesday. According to a statement by the NNPC spokesman, Andy Odeh, on Wednesday, Ojulari maintained…

Manny Ita  – UK-based Nigerian fashion designer Quwiyat Lawal is attracting international recognition for her innovative approach to African textiles through her latest collection, “Sisi Sewing.” The collection is being celebrated for redefining how traditional Nigerian fabrics can be adapted into contemporary corporate wear suitable for global audiences. Lawal’s work blends indigenous materials such as Ankara and adire with modern tailoring techniques, creating outfits that align with professional dress standards while preserving cultural identity. Her designs challenge long-held perceptions that traditional African prints are limited to ceremonial or casual use, instead positioning them as viable options for formal and business…

Manny Ita  – A fresh wave of tension has erupted in Nigeria’s music scene following reports of an alleged physical confrontation involving Burna Boy and DJ Tunez at a high-profile party in Lagos. The incident, which quickly gained traction on social media, has sparked widespread reactions from fans and industry insiders, reigniting conversations around rivalries within the Afrobeats space. According to circulating accounts, tensions reportedly flared during the event, leading to a brief altercation between Burna Boy and DJ Tunez, who is known to be a close associate of Wizkid. While details remain unconfirmed and no official statements have been…

Manny Ita  – The World Bank has revised Nigeria’s economic growth projection for 2026 downward to 4.1 percent, citing persistent structural challenges that continue to weigh on key sectors of the economy. The new estimate represents a slight drop from the earlier forecast of 4.4 percent, reflecting concerns about the pace and sustainability of the country’s economic recovery. According to the updated outlook, Nigeria’s growth will continue to be driven largely by the services sector, particularly in areas such as information and communications technology and financial services. These sectors have shown resilience and expansion in recent years, supported by increasing…

Manny Ita  – Authorities in Akwa Ibom State have launched an investigation into the death of a 12-year-old student following allegations of bullying at a school in the state. The incident has raised concerns among residents, parents, and education stakeholders, prompting calls for a thorough and transparent inquiry into the circumstances surrounding the tragedy. Preliminary accounts suggest that the student may have been subjected to persistent bullying prior to the incident, although officials have yet to confirm the exact cause of death. School authorities are expected to cooperate with law enforcement agencies as part of efforts to establish what transpired…

Manny Ita  – Motorists across parts of Lagos have been advised to expect partial road closures and traffic diversions today as the state government rolls out a series of infrastructure inaugurations. The affected areas include Ikeja, Ojota, and Victoria Island, all of which are key commercial and residential hubs known for heavy daily traffic. Authorities say the temporary restrictions are necessary to ensure smooth coordination and public safety during the commissioning of major projects, including the newly completed Opebi-Mende Link Bridge. The bridge is expected to significantly ease traffic congestion by providing a direct connection between Opebi in Ikeja and…

Manny Ita  – Nigeria’s Federal Government has approved a significant increase in funding for the reintegration of former militants, with the allocation rising by ₦50 billion to a total of ₦115 billion under the 2026 budget framework. The decision, approved by Bola Ahmed Tinubu, represents a major boost to the Presidential Amnesty Programme aimed at stabilising the Niger Delta region. Budget documents show that the new allocation marks a sharp increase from the ₦65 billion previously earmarked for the programme in recent years, reflecting a substantial expansion in government commitment to post-conflict rehabilitation efforts. The Presidential Amnesty Programme, introduced in…