Category: Nigeria news
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Fidelity Bank Surpasses N500 Billion Capital with One-Day Private Placement
Fidelity Bank Plc has successfully raised N250–N270 billion through a private placement, boosting its qualifying capital above the N500 billion minimum required by the Central Bank of Nigeria (CBN) for banks with international authorisation. The placement, executed on December 31, 2025, saw overwhelming demand, enabling the bank to close the offer in a single day—a
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Airvend Recognized Among Nigeria’s Fastest Growing SMEs
Airvend Payment Services Limited, a Central Bank of Nigeria-licensed fintech company, has been named one of the 2025 BusinessDay Top 100 Fastest Growing Small and Medium Enterprises (SMEs) in Nigeria. The recognition highlights the company’s growth, innovation, and relevance in the financial services sector. Airvend provides digital payment solutions through platforms such as Airvend, Airpay,
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Shareholders Laud Dangote’s Transformational Impact on Nigeria’s Economy
Shareholders have commended Alhaji Aliko Dangote, President of the Dangote Group, for his sustained investment in Nigeria, highlighting the profound economic impact on ordinary citizens. They described his journey from a trading and importation business to Africa’s largest indigenous manufacturer and petroleum refiner as a testament to patriotism, dedication, and commitment to the nation. Far
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Pastor Adeboye Mocks Failed AFCON Prophecy About Ademola Lookman, Urges Believers to Exercise Discernment
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has sparked conversation on prophecy and spiritual discernment after humorously recounting a failed prediction linked to Nigeria’s AFCON 2025 campaign. Speaking at RCCG’s Redemption City, Adeboye advised worshippers to be cautious when interpreting spiritual declarations, warning against the rise of so-called
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NASS Rejects Gazetted Versions of Tax Laws Amid Discrepancies
The National Assembly (NASS) has disowned the versions of four tax laws currently circulating, stating that they were not officially approved in the form in which they were gazetted. According to a statement from the Assembly, the gazetted copies contain discrepancies that conflict with the official votes and proceedings recorded during the legislative process. NASS
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Afrinvest Rebrands Digital Investment Platform to PlutusNeo
Afrinvest has announced the rebranding of its digital investment platform, formerly known as Optimus by Afrinvest, to PlutusNeo by Afrinvest, signaling a major step in the firm’s digital growth strategy aimed at expanding access to wealth creation. Launched in 2022, the platform was designed to give individuals secure, easy access to Afrinvest-managed investment products through
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Nigeria’s Shrimp Market Set to Hit $1.12 Billion by 2033
Nigeria’s shrimp industry is showing strong growth potential as early-stage aquaculture investments complement traditional industrial trawling, positioning the sector as one of the country’s most promising non-oil agricultural exports. Research by Deep Market Insights indicates that the Nigerian shrimp market, valued at $682.35 million in 2024, is projected to reach $1.12 billion by 2033. The
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Timini Egbuson, Dakore Egbuson-Akande Mourn Father’s Passing
Nollywood actor and producer Timini Egbuson has announced the death of his father, sharing the news on his official Instagram page on Sunday. In his post, Timini expressed his grief and reflection, writing:“Didn’t think I’ll start the year saying this… Rest in peace Dad. So much left unsaid, but I’ll keep making you proud.” Timini
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Showbiz Stars to Watch in 2026
As 2026 kicks off, several Nigerian actors, musicians, and creatives are set to make waves in entertainment. While some names are already familiar, others are emerging talents destined to leave a mark across film, music, and streaming platforms. Fola (Folarin Odunlami) – A breakout star of 2025, Fola gained national attention with his album Catharsis,
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Sheikh Gumi Denies Being Targeted in Sokoto Airstrikes
Kaduna-based Islamic cleric, Sheikh Ahmad Gumi, has dismissed claims that he was a target during recent U.S. airstrikes on terrorist camps in Sokoto State. Gumi explained that the reports stemmed from a viral video taken out of context, in which he spoke about previous threats to his life, specifically from Boko Haram in 2012. He
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