Archives for July, 2025
FirstBank Retains Top Spot as Nigeria’s Best Bank for ESG At 2025 Euromoney Awards
BY NGOZI ONYEAKUSI Olusegun AlebiosuMD/CEO FirstBank FirstBank, the West African premier financial institution and financial inclusion services provider, has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance…
NNPCL suspends sale of refinery, exports 400,000mt of refined products
Nigeria has exported a total of 399, metric tonnes (mt) of refined petroleum products from the Port Harcourt Refining Company (PHRC) and the Warri Refining and Petrochemical Company (WRPC), as…
AGF, NCC seek synergy to tackle telecom sector challenges
NCC EVC , Maida The Federal Ministry of Justice and the Nigerian Communications Commission (NCC) yesterday stressed the need for synergy to address the problems confronting the telecom sector…
Seplat Energy’s H1 2025 Revenue Rises to N2.167 Trillion
… Declares US Cents Dividend Per Share for the Quarter BY NGOZI ONYEAKUSI Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian…
NAICOM Issues Guidelines for Insurtech Operations in Nigeria
BY NGOZI ONYEAKUSI CFI, NAICOM, Olusegun Omosehin The National Insurance Commission (NAICOM) has officially issued operational guidelines for Insurtech businesses in Nigeria, following extensive stakeholder consultation and engagement. The guidelines,…
Sterling HoldCo Delivers 157% Profit in 2025 Q2
BY NGOZI ONYEAKUSI … Discloses Plans to Launch a Public Offer Sterling Financial Holdings Company Plc has reported a 157% surge in profit-after-tax (PAT) in its unaudited results for…
Nigeria’s Port Harcourt Refinery Not for Sale—NNPC
The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the…
IMF Upgrades Nigeria’s 2025 Growth Outlook to 3.4%, 3.2% for 2026
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast upward, projecting a Gross Domestic Product (GDP) growth of per cent in 2025 and per cent in 2026. This…
Electricity consumers owe Discos N70bn in May — Report
Electricity consumers across Nigeria failed to pay in May 2025, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission. The 12 electricity distribution companies billed…
FIRS halts issuance of tax exemption certificates
The Federal Inland Revenue Service has discontinued the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-governmental organisations, and free zone entities. In a…
