Author: Ifetayo Adeniyi

• Otedola’s combine shareholding has hit 9,277,792,037 shares, representing 21.95 per cent of the company. Chairman of First HoldCo Plc, Femi Otedola, yesterday announced a fresh acquisition of 706.13 million ordinary shares worth approximately N77.6 billion in a single transaction on the Nigerian Exchange Limited (NGX). The latest purchase further strengthens Otedola’s position in one of the Exchange’s strongest-performing banking stocks this year, with his combined shareholding now rising to 9,277,792,037 shares, representing 21.95 per cent of the company. A regulatory filing submitted to the Nigerian Exchange shows that Calvados Global Services Limited, a company related to the First HoldCo…

Dangote-Refinery * Says all unloaded gantry volumes would be repriced at the new rate. Fresh pressure is building on Nigeria’s downstream petroleum market as Dangote Petroleum Refinery yesterday resumed gantry loading of Premium Motor Spirit (PMS) in naira after a week-long suspension, but simultaneously raised its ex-depot price by N140 to N1,215 per litre, a move expected to trigger another round of pump price adjustments across the country. The hike, representing a 13.02% jump from the previous N1,075 per litre, comes barely one week after the refinery suspended truck loading and temporarily switched to dollar-denominated sales, a decision that disrupted…

US President Donald Trump United States President Donald Trump has lauded his Nigerian counterpart, Bola Tinubu, for his decisive leadership “on behalf of the Nigerian people to tackle the issues plaguing Nigeria, especially the violence affecting Christian communities.” Following a statement issued on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, Trump conveyed the commendation in a letter dated July 6, 2026. Trump disclosed in the letter that he had deployed US Special Operations Forces, including Navy SEAL Team 6, to train and support Nigeria’s military in the fight against terrorism. The US leader also described…

FirstBank, West Africa’s premier financial institution and leading provider of financial inclusion services, has been recognised as Nigeria’s Best Bank for Large Corporates and Nigeria’s Best Bank for Customer Experience at the prestigious Euromoney Awards for Excellence 2026, held recently in London.  The Euromoney Awards for Excellence are widely regarded as among the most coveted honours in the global banking industry. Winners emerge through a highly competitive selection process involving rigorous analysis of financial performance, innovation, customer impact, service delivery, and strategic execution. FirstBank’s recognition as Nigeria’s Best Bank for Large Corporates marks the third consecutive year it has received…

Peller and Jarvis. Photo credit: Instagram/Peller Nigerian content creators, Habeeb Hamzat, popularly known as Peller, and Amadou Elizabeth, also known as Jarvis, have shared their pre-wedding photographs ahead of their highly anticipated wedding scheduled for August 1. The couple posted the pictures on Instagram on Wednesday with the caption, “These are more than just pictures—they’re memories before the big day. “Our hearts are full, our smiles are real, and we’re counting down to forever. See you at the wedding.” Jarvis had spoken about their relationship during a recent interview on The Honest Brunch Podcast, where she said Peller had remained…

L-R: Prof. Joe Ezigbo, Founder, Falcon Corporation and Chairman of the Occasion; Chief Ven Onwughalu, husband of the awardee; Mrs. Amaka Onwughalu, Chairman, Fidelity Bank Plc; and Mr. Nosa Orumwense, Regional Bank Head, Imo, Fidelity Bank Plc, at the 5th Edition of the Anambra Man of the Year Awards, AMTY, where Mrs. Onwughalu was honoured as Woman of the Year, in Awka, Anambra State recently. Chairman of Fidelity Bank Plc, Mrs. Amaka Onwughalu, has been honoured as Woman of the Year at the 5th Edition of the Anambra Man of the Year Awards (AMTY) in recognition of her outstanding contributions…

The OGD Media Office has been inundated with enquiries regarding a purportedly leaked private conversation allegedly involving His Excellency, Otunba Gbenga Daniel, and a respected elder statesman. For the records, this Office became aware of the existence of the audio over six weeks ago, following attempts by its purveyors to deploy the maliciously doctored recording as an instrument of political blackmail, coercion, intimidation, and other criminal ends. The audio in circulation is a manipulated and deliberately doctored material, calculated to mislead the public, malign the reputation of His Excellency, and advance a premeditated political agenda. Accordingly, the appropriate law enforcement…

File: Petrol pump Petrol loading prices jump up across major private depots in Lagos on Tuesday with marketers paying up to N1,275 per litre. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, on Tuesday said that private depots have resumed selling petroleum products to marketers, dismissing fears of an imminent fuel scarcity. Although some filling stations did not dispense petrol on Monday and Tuesday, Ukadike said marketers were only being cautious because of the prevailing volatility in fuel prices, particularly amid the ongoing Middle East crisis. He explained that depot owners temporarily suspended loading…

* Dangote Industries Limited is a principal sponsor of the event’s 20th edition.  As efforts intensify to bridge Nigeria’s housing deficit, the Federal Government has reaffirmed its collaboration with Dangote Cement Plc and other industry stakeholders to drive affordable and inclusive housing, aligning with broader initiatives aimed at improving access to decent homes for low-income and informal-sector workers. This is even as Stakeholders at the 2026 Abuja International Housing Show (AIHS) praised Dangote Cement for its significant contribution to affordable housing and infrastructure development in Nigeria, describing the company as a key partner in efforts to bridge the nation’s housing…

NUPRC The Nigerian Upstream Petroleum Regulatory Commission on Tuesday announced 31 companies as winners of 37 oil and gas blocks under the 2025 Licensing Round, despite what the commission described as sustained threats and pressure mounted against members of its evaluation team before the conclusion of the exercise. The successful conclusion of the commercial bid conference marked the end of an eight-month licensing process, with the winning firms now required to pay their signature bonuses and satisfy other post-award conditions within 90 days or risk forfeiting the assets to reserve bidders. Speaking after the commercial bid conference in Abuja, the…