Category: Nigeria news
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Ibadan Zone Shareholders’ Association Elects New Executives
The Ibadan Zone Shareholders’ Association (IBZA) has appointed new leadership to guide the organization for the upcoming term. Mr. Gilbert Ayoola, a seasoned shareholder advocate and former General Secretary, was elected Chairman during the association’s 31st to 33rd annual general meetings held in Ibadan. The newly elected executives, serving the zone that covers Ekiti, Kwara,
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IMF Warns Banks’ Debt Risks Rise as Governments Tap Domestic Loans
The International Monetary Fund (IMF) has flagged increasing debt risks for banks as governments across Sub-Saharan Africa turn to domestic borrowing. In its report, “Sub-Saharan Africa: Steady Growth Amid Fiscal Challenges,” IMF African Department Director Abebe Selassie highlighted that rising government debt in banks’ portfolios could heighten financial vulnerability. Selassie urged governments, including Nigeria, to
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Nigerian Operations Drive Jumia’s Q3 Turnaround
Jumia has reported strong financial results for the third quarter ending September 30, 2025, fueled primarily by its Nigerian operations. The e-commerce giant recorded a 25% increase in revenue, reaching $45.6 million compared to $36.4 million in the same period last year. Gross merchandise value (GMV) also rose 21% to $197.2 million, with Jumia Nigeria
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FG Ready to Fund Modular Refineries, Says Petroleum Minister Lokpobiri
The Federal Government is set to support the development of modular refineries as a strategy to curb crude oil pipeline vandalism, according to the Minister of Petroleum Resources (Oil), Senator Heineken Lokpobiri. During a weekend visit to the ongoing Ebenco Global Link Limited modular refinery in Koko, Delta State, Lokpobiri urged illegal refiners to consider
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Eleganza Launches Nationwide Strategy to Expand Market Reach
Eleganza Industries Limited has unveiled a renewed strategy aimed at increasing accessibility to its products across Nigeria, while creating structured opportunities for distributors, retailers, and contract manufacturing partners. The Lagos-based conglomerate, renowned for its wide range of household products and commitment to quality Nigerian craftsmanship, says the initiative is part of its ongoing effort to
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ÀKÀTÈ: Ini Moses Ushers in a New Era for Edo Cinema
The Edo film scene is undergoing a cultural and cinematic revival with the release of ÀKÀTÈ, directed by acclaimed filmmaker Ini Moses. The film is making waves across Nigerian cinemas, celebrated for its rich cultural storytelling and dynamic cast. ÀKÀTÈ brings together one of the most culturally diverse ensembles in recent Edo filmmaking history, marking
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Black Fab Drops New Album ‘I Like Am’
Nigerian Afrobeats artist Black Fab has returned with his latest album, “I Like Am,” a house-infused, feel-good collection designed for Lagos living rooms, rooftop speakers, and late-night party vibes. The project draws inspiration from Black Fab’s preferred downtime—relaxing at home, immersing himself in house playlists, and soaking in the vibrant energy of Lagos house parties.
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DJ Brightstar to Host Christmas Youth Football Tournament in Akwa Ibom
Popular disc jockey DJ Brightstar is set to organize a Christmas Youth Tournament in Akwa Ibom this December, continuing his commitment to youth development in his home communities. The initiative follows earlier football competitions he held during the Easter period in Ikot Eyen Imoh and Ikot Ubo Akama, which drew young participants, community leaders, and
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Q3 2025: Fidelity Bank Reports 33% Growth in Interest Income, 47% Jump in Fee Revenue
Fidelity Bank Plc has recorded strong financial performance in the third quarter ended September 30, 2025, with significant growth across its key income streams. According to the bank’s unaudited financial statements published on the Nigerian Exchange Group (NGX) portal on November 21, Gross Earnings for Q3 2025 stood at ₦366.1 billion, up 8 percent from
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Unilorin Kicks Off Golden Jubilee with Health Walk
The University of Ilorin (Unilorin) has officially launched activities to mark its 50th anniversary with a lively Anniversary Health Walk, attracting a large turnout of staff, students, alumni, and friends of the institution. Flagging off the event at the university’s Main Gate on Monday, Vice Chancellor Prof. Wahab Olasupo Egbewole, SAN, lauded the university community
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