BUSINESS

…Announces Expansion of Cement Production Capacity to 90 Million Tonnes BY ABU-SATAR HAMED LAGOS, NIGERIA – Dangote Cement Plc has rewarded its top distributors and customers with gifts and cash prizes valued at ₦15 billion, in recognition of their loyalty, resilience, and outstanding performance across the country. The appreciation was …

…Assures Nigerians on Price Stability, Listing of Refinery Stocks BY ABU-SATAR HAMED LAGOS, NIGERIA – Dangote Refinery has reaffirmed its commitment to supplying Nigerians with premium-quality petrol (PMS) that meets global standards, declaring that fuel scarcity is now a thing of the past following the removal of subsidy. The assurance …

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Independent Petroleum Marketers Association of Nigeria (IPMAN) has strongly opposed the continued importation of Premium Motor Spirit (PMS) into the country, insisting that local refining capacity should be prioritised. The association also dissociated itself from reports alleging that the increase in petrol imports …

BY ABUSATAR HAMED LAGOS, NIGERIA – First HoldCo Plc (“FirstHoldCo” or “the Group”) has announced that its flagship commercial banking subsidiary, First Bank of Nigeria Limited (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum regulatory capital requirement of ₦500 billion. The landmark achievement followed the successful execution …

…Blasts Fuel Importers for Spreading Falsehoods and Exploiting Nigerians BY ABU-SATAR HAMED LAGOS, NIGERIA – Dangote Petroleum Refinery has categorically dismissed a viral report alleging that the refinery is shutting down for maintenance, describing the claim as false, misleading, and a deliberate attempt to misinform the public. In a statement …

LAGOS, NIGERIA – In a direct response to the declining access to trained educators across Nigeria, The Alternative Bank (AltBank) partnered with the Busayo Ademuyiwa Foundation (BAF) to host the 2025 BAF Teachers’ Conference in Lagos. The concentrated, one-day intervention was designed to strengthen the capacity of frontline educators. The …

LAGOS, NIGERIA – Guaranty Trust Holding Company Plc (“GTCO” or the “Company”) has obtained the approvals of both the Central Bank of Nigeria (“CBN”) and the Securities and Exchange Commission to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory …

BY ABU-SATAR HAMED LAGOS, NIGERIA – Dangote Petroleum Refinery has introduced a special hotline for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS) at prices higher than the approved ₦739 per litre. The development reflected the refinery’s commitment to transparency, fair pricing, and …

…Offers 20% Discount for School Children Under 12, 15% for Lodgers at Yewa Frontier Hotel BY ABU-SATAR HAMED  ILARO-YEWA, OGUN STATE, NIGERIA – Yewaland has added a new leisure destination to its growing hospitality landscape with the opening of the Yewa Frontier Amusement Park, scheduled for Saturday, December 27, 2025, …

BY ABU-SATAR HAMED  ILARO-YEWA, OGUN STATE, NIGERIA – Ilaro-Yewa, the administrative headquarters of Ogun West, is gradually undergoing transformation in community development and hospitality infrastructure, driven largely by the initiatives of Chief Muftau Olabimtan, a community leader, traditional title -holder, and private-sector investor. In a recent special interview with Abu-Satar …