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 […]
FINANCE
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 […]
Nigeria’s banking sector is entering a decisive phase as the March 31, 2026 recapitalisation deadline set by the Central Bank of Nigeria (CBN) edges closer. With less than three months to go, a group of lenders is still under pressure to raise fresh capital, restructure, or pursue alternative options to […]
Ben Enamudu, the chairman of the Chartered Institute of Taxation of Nigeria, Abuja District, has refuted claims that Nigeria’s new tax system taxes bank balances, stating that the reforms are intended to protect low-income earners and that only specific electronic transfers are subject to a ₦50 stamp duty. […]