Abuja, July 11, 2025 — In a landmark move to support Nigeria’s burgeoning creative industry, the United Kingdom, in partnership with Lagos-based investment firm Woodhall Capital, has launched a ₦1.5 billion Creative Sector Fund aimed at empowering local talents and enhancing Nigeria’s cultural exports globally. The fund, introduced under the UK-Nigeria Enhanced Trade and Investment
The Corporate Affairs Commission (CAC) has announced plans to upgrade its online company registration platform in a bid to ensure faster processing times and a more seamless experience for users across Nigeria. The move, which forms part of broader reforms aimed at strengthening the country’s ease of doing business framework, is expected to enhance service
Abuja, July 11, 2025 — As Nigerian banks increasingly adopt artificial intelligence (AI) to enhance financial services, experts have raised concerns over regulatory gaps, data privacy, and the potential exclusion of vulnerable customers. The rapid integration of AI-driven solutions such as chatbots, fraud detection systems, and credit scoring algorithms has sparked optimism within the financial
Lagos, July 11, 2025 — Africa’s richest man, Aliko Dangote, has expressed serious doubts about the future viability of Nigeria’s state‑owned refineries, warning that the facilities in Port Harcourt, Warri, and Kaduna may never function despite massive investments. Speaking on Thursday at the Dangote Petroleum Refinery in Lekki, during a visit by members of the
Vienna, Austria | July 11, 2025 — Group Chief Executive of Oando Plc, Mr. Wale Tinubu, has called on global energy leaders to ensure fairness and inclusivity in energy transitions by prioritising gas as a vital resource for Africa’s development. Tinubu made the appeal while speaking at the OPEC International Seminar held in Vienna, where
July 11, 2025 | Lagos — Guaranty Trust Holding Company Plc (GTCO), one of Nigeria’s most prominent financial institutions, has made history by completing a direct listing on the London Stock Exchange (LSE) — a significant feat for both the company and the country’s financial landscape. The milestone listing, which comes after months of regulatory
Lagos, July 11, 2025 — In a graceful celebration of leadership and transition, Seven-Up Bottling Company (SBC) hosted a grand farewell dinner in Lagos to honour the remarkable tenure of outgoing Managing Director and Chief Executive Officer, Ziad Maalouf, while officially welcoming Sari El-Khalil as the company’s new MD/CEO. The elegant evening brought together industry
Abuja, July 11, 2025 — In a strategic move to strengthen the capital base of Nigerian banks and reinforce financial system stability, the Central Bank of Nigeria (CBN) has announced the temporary suspension of the regulatory cap on Additional Tier 1 (AT1) capital, effective immediately until March 2026. The policy shift, revealed in a circular
July 11, 2025 The World Bank has called on African governments to urgently improve the delivery of essential public services such as education, healthcare, water, electricity, and digital infrastructure, emphasizing that sustainable and inclusive growth across the continent depends heavily on stronger service systems. This appeal was made on Thursday in a new report released
July 11, 2025 | Abuja — Dangote Petroleum Refinery has once again rebuffed the Federal Competition and Consumer Protection Commission’s (FCCPC) bid to join its ongoing lawsuit seeking N₦100 billion in damages against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other marketers over alleged unlawful fuel import licences. In a fresh ruling
