Nestlé Nigeria Opens Applications for 2026/2027 Community Scholarship Programme Nestlé Nigeria Plc has opened applications for its 2026/2027 Community Scholarship Programme, continuing its commitment to supporting young people in its host communities and helping students achieve their academic goals. Since its launch in 2020, the programme has supported more than 250 students, helping to reduce the financial challenges associated with education and creating opportunities for young Nigerians to succeed. The scholarship programme is designed spe…
Dangote Refinery Drops PMS to ₦1,165/Litre, Diesel to ₦1,570/Litre Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), effective Thursday 6th of August, thereby reaffirming its commitment to providing affordable, high-quality petroleum products to the Nigerian market. Under the new pricing structure, the refinery has reduced the ex-depot price of PMS to N1,165 per litre, down from N1,215 per litre, representing a reduction of N50 per litre. Similarly, the ex…
Dangote, Sinoma Sign $800 Million MOU to Expand Itori Cement Plant Capacity to 12 MTA …Expansion Project to Strengthen Nigeria's Position as a Major Cement Export Hub Dangote Industries Limited and Sinoma International Engineering Co., Ltd. have signed a landmark Memorandum of Understanding (MOU) valued over $800 million for the expansion of the Dangote Cement Plant in Itori, Ogun State, increasing its production capacity to 12 million metric tons per annum. The agreement was signed by the President of Dangote Group, Aliko Dangote, and the…
Okocha Stood Fearless And Reclaims Bragging Rights At Thrilling Chaos in The Ring Fearless Energy Drink, the flagship energy drink brand from Rite Foods Limited, powered one of Nigeria's biggest entertainment spectacles as the energy drink sponsor of the highly anticipated celebrity boxing rematch, Chaos in the Ring , where Nollywood actor and comedian Charles Okocha emerged victorious over street-pop star Habeeb Okikiola, popularly known as Portable. Held on Friday, July 31, 2026, at the Balmoral Convention Centre, Federal Palace Hotel, …
Nigerian Banks Remain Strong and Secure as Global Cyber Campaign Sweeps Across Sectors and Continents Nigerian By Adesegun Adeshi Gbenga Nigerian banks have moved swiftly to contain the effects of a sophisticated global cyber campaign sweeping across sectors and continents, with industry sources assuring the public that the nation’s financial system remains strong, resilient and secure. The campaign, described by analysts as one of the most coordinated waves of attacks in years, is neither peculiar to Nigeria nor limited t…
Rite Foods Blazes the Trail in Sustainability, Commits to Clean Energy Adoption, Community Growth Rite Foods Limited, Nigeria’s leading food and beverage company, has reaffirmed its commitment to sustainable business practices, recording significant progress in environmental stewardship, cleaner energy adoption and community investment as it continues to embed sustainability at the heart of its operations. From Left: Mr Godfrey Ojo, Head, Internal Audit; Mrs Oluyemi Lawal-Daki, Head, Legal Services & Company Secretary; Mr Ekuma Eze, Head, …
Dangote, Canada’s Prime Minister Discuss Investment Partnerships L-R: Prime Minister of Canada, Mark Carney, welcomes the President and Chief Executive of Dangote Group, Aliko Dangote, to his office in Canada during discussions on potential investment opportunities and strategic partnerships. President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has held discussions with Canada’s Prime Minister, Mark Carney, on opportunities to strengthen investment partnerships and deepen economic cooperation between Canada and Africa. …
Access Holdings Deepens Sustainable Finance Impact, Expanding Green Assets to ₦92.14 Billion while Cutting Operational Emissions by 28.47% 2025 Sustainability Report shows measurable progress in climate action, inclusive finance, gender-lens lending and community investment across the Group’s Pan-African footprint. Lagos, Nigeria – August 3, 2026: Access Holdings Plc has published its Sustainability Report for the year ended 31 December 2025 on the Nigerian Exchange Limited, demonstrating how the Group is translating sustainability commitments…
Jamara Home Rolls Out ‘Stay Dry, Shop Fly’ Rainy Season Shopping Campaign As Nigeria enters the peak of the rainy season, there's no better feeling than coming home to a space that's warm, comfortable, and effortlessly functional. To make that experience even more rewarding, Jamara Home , Nigeria's trusted destination for premium home appliances, electronics, and household essentials, is launching its "Stay Dry, Shop Fly" rainy season campaign. Running from August 4 to August 24, 2026 , the nationwide campaign…
Stanbic IBTC Bank Nigeria PMI®: Marked growth of new orders seen again in July Growth was maintained in the Nigerian private sector during July as firms again signalled a marked increase in new orders during the month. In turn, output and employment also rose, albeit modestly. Meanwhile, inflationary pressures softened The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI®). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. Stanb…
Sterling Financial Defies Banking-Sector Slide to Finish Among NGX's Top Gainers …Group's shares climb 7% as Banking Index falls 2.04% Lagos, Nigeria: Sterling Financial Holdings Company Plc bucked a sector-wide pullback on Thursday, as its shares rose 6.67% to ₦8.00 to rank among the best performers on the Nigerian Exchange (NGX). In contrast, the NGX Banking Index shed 2.04% and the wider market fell for a second straight session. Financial Holdings Company Plc pushed higher on Thursday even as the financial stocks it sits alongsid…
Fearless Energy Drink Throws Weight Behind ‘Chaos in the Ring’ Celebrity Fight The number-one energy drink, Fearless Energy Drink of Rite Foods Limited, is set to power the much-anticipated celebrity fight, dubbed “Chaos in the Ring,” between the popular singer Portable and the top actor and comedian Charles Okocha, on Friday, 31 st July, 2026. At today's press conference, anticipation for Chaos in the Ring reached new heights as celebrity fighters Habeeb Okikiola (Portable) and Charles Okocha (Mr Algorithm) came face-to-face in an i…
Dangote Refinery Critical to Nigerian’s $1 Trillion Economy Vision, Says FG … Hails Refinery as Symbol of Nigeria’s Industrial Renaissance … Dangote Says Manufacturing Is the Fastest Route to Jobs and Prosperity The Federal Government has described the Dangote Petroleum Refinery and Petrochemicals as a cornerstone of Nigeria’s ambition to build a $1 trillion economy, pledging deeper collaboration with the private sector to accelerate industrialisation, job creation and economic transformation. Minister of State for Industry, Senator John Owan …
JMG Commissions Advanced Hybrid Solar Power System at Its Victoria Island Branch JMG Limited has successfully commissioned an advanced hybrid solar power system at its Victoria Island Branch in Lagos, reinforcing the company's commitment to delivering reliable, sustainable and cost-efficient energy solutions for businesses across Nigeria. The installation combines 66kWp of high-efficiency solar photovoltaic (PV) generation, 80kW of hybrid inverter capacity, and 81.92kWh of lithium battery storage, creating a fully integrated energy platfo…
Sterling Financial Grows H1 2026 Profit 20% … Balance Sheet Nears ₦5 Trillion Lagos, Nigeria: Sterling Financial Holdings Company Plc ("Sterling Financial" or "the Group") today released its unaudited results for the half-year ended 30 June 2026, posting broad-based growth across key performance indices. The Group’s gross earnings rose 31.5% to ₦279.6 billion over the corresponding period in 2025, led by a 33.7% jump in interest income to ₦223.6 billion as the loan book expanded and asset yields improved. Net interest incom…
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