Business

Stanley Ihedigbo Wema Bank Plc has strongly refuted what it described as false, misleading and unsubstantiated allegations published by the Nigeria Deposit Insurance Corporation (NDIC) concerning legacy transactions linked to the defunct Gulf Bank Plc and the sale of certain Banana Island properties in Lagos. In a detailed statement issued…

Michael Olumide FirstBank, West Africa’s premier financial institution and leading financial inclusion service provider, has confirmed the appointment of Olayinka Ijabiyi as the substantive Group Head, Marketing and Corporate Communications. According to the Marketing & Corporate Communications, James O Ashu, the appointment, which takes immediate effect, underscores the bank’s commitment…

Chinedum Ukaegbu All Farmers Association of Nigeria (AFAN) has raised fresh concerns over mounting challenges confronting the country’s agricultural sector, warning that insecurity, poor mechanisation, and the near collapse of extension services are severely undermining productivity and discouraging farmers nationwide. The Secretary General of AFAN, Otunba Dr Babafemi Oke, who…

Ahmed Aliyu Joda, Kano RBS & GROUPS has announced plans to establish a technology-driven marketing network designed to connect buyers, suppliers, and industry professionals across multiple sectors of Nigeria’s economy. The initiative, spearheaded by the organisation’s Business Diaspora and Development unit, aims to bridge long-standing gaps in market access, supply…

Tony Okoh, Uyo In a bid to strengthen food security and modernise farming, Akwa Ibom State Governor, Pastor Umo Eno, says the new Agricultural Equipment Leasing Facility will support farmers in adopting mechanised practices and improve access to affordable food. Gov Eno, who spoke during the commissioning of the Facility…

Stanley Ihedigbo Guaranty Trust Holding Company Plc (GTCO) has reported a Profit Before Tax (PBT) of ₦302.9 billion for the first quarter ended March 31, 2026, reflecting strong growth across its core earnings lines and continued balance sheet resilience. The Group disclosed this in its unaudited consolidated and separate financial…

Playtek Technologies Limited has announced plans to launch four new products aimed at transforming Africa’s rapidly growing digital advertising ecosystem, as the company positions itself to tap into a market valued at $4.4 billion. The products, scheduled for rollout in the third quarter of 2026, are designed to address long-standing…

Chinedum Ukaegbu Nigerian fashion house Mo’Afrique has taken a major step into large-scale garment production with the launch of its new umbrella brand, Modish, and the commissioning of a multi-million naira manufacturing facility in Abuja. The company also unveiled Modish Formals, a sub-brand focused on producing professional wear and uniforms,…

Stanley Ihedigbo Nigeria Deposit Insurance Corporation (NDIC) has commenced the final phase of winding down the operations of 89 failed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs), marking a significant step in the ongoing clean-up of Nigeria’s financial sector. The Corporation disclosed that the affected financial institutions had already…

L-R: Regional Bank Head, Southwest 1, Fidelity Bank Plc, Mr. Folaranmi Jemirin; Commissioner for Women Affairs and Social Development, Ogun State, Hon. Adijat Adeleye-Oladapo; Head, Women Banking, Fidelity Bank Plc, Mrs. Harriba Harry-Pepple; Local Government Education Authority (LGEA) Board Chairman, Ogun State, Hon. Oluwaseyi Oyekan; and one of the beneficiaries at…