Latest News

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…

Read more...

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…

Read more...

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…

Read more...

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…

Read more...

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…

Read more...

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.…

Read more...

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…

Read more...

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…

Read more...

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…

Read more...

Nigerian singer Kingsley Okonkwo, popularly known as Kcee, has shared the secret to his enduring success in the music industry. Speaking on the Selah Meditate podcast, the Limpopo crooner explained that while some artists get discouraged when their songs don’t perform well, he responds by releasing more music. According to him, this increases the likelihood…

Read more...