On Tuesday, March 3, 2026, two bank employees, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, were charged by Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, in connection with a purported $306,667.81 and €50,250 fraud before Judge Ismaila Ijelu of the Lagos State High […]
FINANCE
Moruf Oseni; the Managing Director and Chief Executive Officer of Wema Bank, has declared March 4, 2026, as the official date of its 2026 IWD Grand Event. The global IWD 2026 theme, “Give To Gain,” served as the inspiration for this year’s celebration and the event will be held under […]
Ukandu E. Ukandu, Managing Director/CEO of FirstCap Limited, has reiterated that dependable payment structures remain the foundation of bankable gas and power projects in Nigeria. Speaking at the 2026 Lagos Energy Week hosted by the Society of Petroleum Engineers (SPE), Ukandu noted that despite various technical and regulatory considerations, revenue […]
L-R: Managing Director/CEO, One17 Financial Services, Ismail Rufai; Professor of Islamic Banking and Finance, Yobe State University, Prof. Adam Abubakar, Esq.; Managing Partner, The Metropolitan Law Firm, Ummahani Amin, Partner, The Metropolitan Law Firm, Barr. Mohammed Yunusa; and Head, Private Trust, First Trustees Limited, Rotimi Obende at the Islamic Estate […]
With a deal reached yesterday to purchase IHS Towers, the largest independent towers, operators, and developers of shared communication infrastructure worldwide, at an enterprise value of roughly $6.2 billion, MTN Group has regained its old telecom towers that it first sold to IHS Towers in a dramatic business turnabout. The […]
First Trustees Limited, a member of First HoldCo Plc., has announced Abuja as the host city for its 8th Islamic Estate Planning Clinic, scheduled for February 7, 2026. The clinic is aimed at deepening understanding of Islamic wealth transfer and estate planning, with a focus on helping individuals […]
FBNQuest Merchant Bank Limited has officially rebranded and will now operate under the name Quest Merchant Bank Limited, after securing all required corporate and regulatory approvals. The Bank explained that the change is strictly in name and does not affect its legal standing, ownership, management, or business operations. Quest Merchant […]
First Asset Management, a subsidiary of FirstHoldCo Plc, has recorded a significant milestone with the upgrade of its corporate rating to ‘AA’ from ‘AA-’ by independent rating agency DataPro, reflecting the firm’s strong fundamentals and sustained resilience within Nigeria’s asset management industry. The rating upgrade, disclosed in DataPro’s latest report, […]
In a significant move to protect the integrity of national policy and maintain public order, the Federal Ministry of Solid Minerals Development has formally stepped forward to debunk claims recently circulated by the Northern Elders Forum (NEF). The controversy stems from allegations made by the forum suggesting that the President […]
The World Bank upgraded its prediction for Nigeria’s economic growth to 4.4% for 2026 and 2027, saying on Tuesday, that the country’s economy is expected to develop at its quickest rate in over ten years. This was revealed in the World Bank’s most recent Global Economic Prospects report. The most […]