Billionaire industrialist Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, marking the end of a remarkable 20-year tenure that transformed the company into a dominant force in Nigeria’s sugar industry. His retirement takes effect on June 16, 2025. During his time at the helm, Dangote played a pivotal role in…
Contrary to reports being circulated that Nigeria’s leading commercial bank, Access Bank PLC is owing the Federal Capital Territory Administration ( FCTA) , it was exclusively gathered on Tuesday that the bank has reportedly paid its ground rent long before the sealing of properties accros the Federal Capital Territory. On Monday , a branch of the Bank in Abuja…
Nigeria is facing an unprecedented crisis as the rising cost of living continues to erode the quality of life for its citizens. The situation has become so dire that every trip to the market has turned into a “heart-pounding gamble”. The cost of living in Nigeria has increased drastically over the last few years, especially since the last presidential…
Analysts are sounding the alarm over the increasing array of bank charges in Nigeria, warning that these fees could undermine the country’s financial inclusion gains. The concerns come as the Central Bank of Nigeria (CBN) recently announced revised ATM withdrawal charges, set to take effect on March 1. Under the new policy, withdrawals from a customer’s own bank ATM…
Dr. Samuel Olugbenga O. Olusunle, Research Director of the National Agency for Science and Engineering Infrastructure (NASENI), has been conferred with the prestigious Fellow of Nigerian Mining and Geosciences Society (FNMGS). This honor comes as the society celebrates 64 years of existence.¹ The FNMGS, one of Nigeria’s oldest professional bodies, recognized Olusunle’s contributions to the growth and development of…
The Universal Service Provision Fund (USPF) of the Nigerian Communications Commission (NCC) has officially handed over the Emerging Technologies Centre (ETC) to the Ogun State Institute of Technology (OGITECH) in Igbesa, Ogun State.¹ The ETC, equipped with 100 desktop computers, emerging technology applications, bandwidth, and connectivity tools, aims to enhance the learning experience of students and provide a platform…
By Adewusi Adeyinka As the city of Lagos prepares to host the annual Access Bank Lagos City Marathon this weekend, February 15, 2025, the atmosphere is charged with anticipation, not just for the race itself, but for what it symbolizes this year. More than just a sporting event, the marathon has grown into a beacon of unity, economic vitality,…
The Nigerian Communications Commission (NCC), pursuant to its power under Section 108 of the Nigerian Communications Act, 2003 (NCA) to regulate and approve tariff rates and charges by telecommunications operators, will be granting approval for tariff adjustment requests by Network Operators in response to prevailing market conditions. The adjustment, capped at a maximum of 50 per cent of current…
The Nigeria Governors Forum (NGF) has announced its decision to endorse a reviewed version of the controversial Tax Reform Bills pending before the National Assembly. In the reviewed version, the sharing of VAT based on derivation has been slashed from 60 per cent as proposed in the original bill, to 30 per cent. The decision to endorse the bills…
The telecommunication operators in Nigeria said they made a proposal of 100 per cent tariff hike to the country regulator, the Nigerian Communications Commission (NCC) in their plea for hike in tariffs on services offered including voice, data and digital. MTN Chief Executive Officer, Karl Toriola, disclosed this on Thursday, when he featured on AriseTv to talk about some…
The All Progressives Congress (APC) Chairmanship candidate…
Ogun State Governor, Prince Dapo Abiodun, has…
