Author: Ifetayo Adeniyi

Elegbede Abiodun Promasidor Nigeria and Cowbell win three major industry awards, including Dairy Brand of the Year and CSR recognition at ADVAN Awards Promasidor Nigeria, a leading fast-moving consumer goods company, has secured triple industry recognition, strengthening its position in Nigeria’s dairy and consumer goods sector. The company was named Outstanding Dairy Company of the Year at the Industry Awards, while its flagship brand, Cowbell, emerged as Dairy Brand of the Year. Promasidor Nigeria also received a Corporate Social Responsibility award at the Advertisers Association of Nigeria (ADVAN) Awards for Marketing Excellence, in recognition of its community-driven initiatives across the…

Confederation of African Football. Photo: CAF The Confederation of African Football, Confederation of African Football, says it has added new regulations following the controversy that overshadowed the Africa Cup of Nations 2025 final in Morocco, with president Patrice Motsepe admitting that “deficiencies” in officiating and match management contributed to the chaotic ending. The final, held in Rabat, saw Senegal initially declared champions after a 1–0 extra-time win over Morocco. However, the result was later overturned by a CAF appeal board, with the title awarded to Morocco following disciplinary rulings tied to Senegal’s protest walk-off after a late VAR penalty decision.…

Manny Ita  – WhatsApp has unveiled a new “Incognito Chat” feature designed to keep conversations with Meta AI private and inaccessible even to the company itself. The new mode creates temporary AI conversations that are not stored and automatically disappear after users exit the session, offering stronger privacy protections for sensitive discussions involving personal, financial, health or work-related information. According to WhatsApp, the feature extends end-to-end encryption to specialised AI-processing servers powered by AMD and Nvidia hardware, ensuring that messages are processed securely without Meta being able to read or access user conversations. Meta said the system anonymises user interactions…

Manny Ita  – Nigerian billionaire businessman Femi Otedola has increased his stake in First HoldCo Plc after acquiring shares valued at approximately ₦43.41 billion on the Nigerian Exchange. The latest acquisition involved the purchase of 549.5 million shares at an average price of ₦79 per unit, significantly strengthening Otedola’s influence in the financial institution where he currently serves as chairman. Following the transaction, Otedola’s total holdings in First HoldCo rose from 8.05 billion shares to about 8.60 billion shares, increasing his ownership stake from 18.12% to 19.35% of the company’s outstanding shares. The development makes him the second-largest shareholder in…

Elegbede Abiodun The Federal Government and the World Bank in partnership have introduced a fresh $65 million funding phase of the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) project aimed at benefiting more than 24,000 Nigerians through professional training and institutional capacity development. The initiative, coordinated by the National Universities Commission, is designed to boost procurement systems, environmental management and social standards across public and private institutions, while promoting transparency, accountability and sustainable development practices nationwide. Executive Secretary of the Commission, Abdullahi Ribadu, disclosed this in Abuja during the signing of performance contracts for the additional SPESSE financing. He…

Manny Ita  – The Director-General of Nigeria’s Securities and Exchange Commission, Emomotimi Agama, has announced that artificial intelligence, real-time data analytics and technology-driven regulation will become central to the future of investing in Nigeria’s capital market. Speaking at the FSDH Investor Conference 2026 in Lagos, Agama said the era of “intelligent investing” has already arrived, stressing that access to quality data and financial intelligence will increasingly matter more than the amount of capital investors hold. According to the SEC boss, the Commission is pursuing major reforms including T+1 settlement cycles, digital asset regulation and frameworks for tokenised securities as part…

A Federal High Court in Abuja has sentenced former Minister of Power, Saleh Mamman, to 75 years imprisonment over a ₦33.8 billion fraud case. Justice James Omotosho delivered the judgment on Wednesday, handing down separate sentences on multiple counts, which cumulatively amount to 75 years behind bars. The court ruled that the jail terms will run consecutively and stated that the sentence would begin from the date Mamman is arrested. Justice Omotosho also directed all security agencies, including Interpol, to arrest the former minister wherever he is found. In addition, the court ordered that all funds and properties recovered from…

Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos. The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a differentiated suite of solutions designed to enable business expansion and long-term value creation. Receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at…

Alex Ekubo Nollywood has been thrown into mourning with the report of the death of popular actor Alex Ekubo, with colleagues expressing shock and deep sorrow over the tragic loss. The news of his passing was confirmed on Tuesday by fellow actors, sparking an outpouring of tributes across social media. Sharing on her Instagram story, famous Actress Funke Akindele wrote, “Hmmmmmm. Rest in peace, Alex. I tried to reach out to see you one more time but guess you knew best. May your kind soul, rest in peace, Alex. ‘Ore mi like you fondly called, me, I will always remember…

Nigeria at the 2026 African Cycling Champs. Photo: Instagra Nigeria have clinched a total of 16 medals at the 2026 Confederation of African Cycling Para-Track and Track African Championships in Abuja. The championship, staged at the Moshood Abiola National Stadium Velodrome, brought together elite cyclists from across the continent, including Egypt, Kenya, South Africa, Algeria and hosts Nigeria. After two days of competition, Nigeria lead the medals table with nine gold, five silver and two bronze medals, placing them ahead of several of Africa’s traditional cycling powerhouses. Egypt sit in second place with 14 medals, while Kenya occupy third with…