Industry Efforts to Address Quality of Service Challenges are on Course The Nigerian Communications Commission (NCC) has noted recent public concerns regarding the quality of telecommunications services in parts of the country. The Commission recognises the frustration experienced by consumers when calls drop, internet speeds slow down, data services become unstable, or service disruptions affect daily activities. Telecommunications services are now central to how Nigerians work, learn, do business, access essential services, and stay c…
Julius Berger hosts world-class construction equipment Fair in Lagos Leading engineering construction company, Julius Berger Nigeria PLC; recently hosted a one-day, world-class construction equipment exhibition at its facility in Lekki-Ajah, Lagos. The event featured prominent industry players, including the Pan African Equipment Group, which showcased Komatsu machinery and construction equipment, as well as Sany Heavy Industry Co. Limited of China as well as truck crane specialists, XCMG, among others. Speaking to the media, the Head of Plant…
Promasidor Nigeria and Cowbell Earn Triple Industry Recognition Promasidor Nigeria, a leading player in Nigeria’s fast-moving consumer goods (FMCG) industry, has recorded another significant milestone with three major industry recognitions that further reinforce its leadership in the dairy and consumer goods sector. At the Industry Awards, Promasidor Nigeria was named “Outstanding Dairy Company of the Year,” while its flagship brand, Cowbell, won “Dairy Brand of the Year.” The company also received a Corporate Social Responsibility Award …
Polaris Bank Partners Cyclotron Club to Advance LiveWell Initiative and Promote Healthy Living Members of Cyclotron Club in the newly unveiled Polaris Bank co-branded cycling jersey, after a wellness ride held as part of the LiveWell by Polaris initiative in Lagos. Polaris Bank, Nigeria’s leading digital retail and commercial Bank institution, has announced a strategic partnership with Cyclotron Cycling Development Initiatives, otherwise known as Cyclotron Club, to advance LiveWell by Polaris, the Bank’s flagship wellness initiative designed t…
Union Bank Honoured by ASBON at Nigeria National SME Business Awards Lagos, Nigeria – Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos. The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a…
Execution Discipline Will Define Tegbe’s Agenda for Nigeria’s Power Sector When the Minister-Designate for Power, Joseph Olasunkanmi Tegbe, told the Nigerian Senate that there was “no quick fix” to Nigeria’s electricity crisis, the statement stood out for departing from the familiar rhetoric that has long shaped public conversations about the sector. In a country where ambitious declarations on power reform have often generated headlines faster than measurable outcomes, Tegbe’s remarks offered an early signal of a different leadership posture,…
Fidelity Bank’s liquidity position rises above N1trn on stronger cash holdings Fidelity Bank strengthened its liquidity position in the 2025 financial year as cash and cash equivalents rose by 87 percent to N1.32 trillion, reflecting improved cash buffers, stronger deposit mobilisation, and growth in interest-earning assets. The lender’s audited financial statement for the year ended December 31, 2025, showed that cash and cash equivalents increased from N707.45 billion in 2024, underscoring the bank’s stronger liquidity profile amid Nigeria’s…
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