Jaiz Bank Reports N23.48bn Profit in 2024
By Oluwakemi Kindness Nigeria’s pioneer non-interest bank, Jaiz Bank Plc, has reported a profit after tax (PAT) of N23.48 billion for the full year ended December 31, 2024—representing a 108.99% increase from the N11.05 billion declared in 2023. The bank disclosed this in its audited financial results, noting a strong performance across key financial and […]
Reps Unveil Nutrition Summit to Tackle Food Crisis
By Oluwakemi Kindness The House of Representatives on Thursday announced a National Summit on Nutrition and Food Security aimed at finding lasting solutions to malnutrition and widespread food insecurity. The summit, themed “Curbing Malnutrition and Food Insecurity Through Effective Synergies,” is being positioned as a major step toward coordinated national action on nutrition and sustainable […]
NAICOM Grants Two New Licenses, Seeks Better Corporate Governance
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has handed over new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd. Commissioner for Insurance, Olusegun Ayo Omosehin, emphasized the Commission’s commitment to supporting the growth of insurance entities in the country, while ensuring strict compliance with regulatory requirements. According to a statement in Abuja on […]
IMF Projects 3.4% GDP Growth for Nigeria in 2025 Amid Reforms
By Oluwakemi Kindness The International Monetary Fund (IMF) has projected that Nigeria’s real Gross Domestic Product (GDP) will grow by 3.4% in 2025, driven by higher oil production, the launch of a new domestic refinery, and a robust services sector. This outlook is according to the IMF’s 2025 Article IV Consultation report, following the conclusion […]
Cameroonian George Elombi Named President of Afreximbank
By Oluwakemi Kindness Dr. George Elombi of Cameroon has been appointed President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), becoming the fourth person to hold the position since the Bank’s establishment. His appointment was ratified by shareholders during the 32nd Annual Afreximbank Meetings and associated events held in Abuja, […]
Adeniyi Takes Over as Chair of World Customs Organisation Council
By Oluwakemi Kindness The Comptroller-General of Nigeria’s Customs, CGC Adewale Adeniyi has been unanimously elected as Chairperson, World Customs Organisation (WCO) Council. His appointment into the highest decision-making body in global customs administration comes exactly two years after his historic appointment as the Comptroller-General of Customs by President Bol Tinubu The election was held during […]
Tinubu Hails PAPSS as Key to Africa’s Financial Independence
Honours Afreximbank’s Oramah with GCON at Annual Meeting in Abuja By Oluwakemi Kindness President Bola Tinubu has thrown his weight behind the Pan-African Payment and Settlement System (PAPSS), urging all African nations to adopt the platform to reduce dependence on foreign currencies and accelerate intra-African trade. He stated this on Friday at the 32nd […]
Tinubu Calls for Nationwide Mobilisation Against Drug Abuse
By Oluwakemi Kindness President Bola Ahmed Tinubu has called for collective national action against the scourge of substance abuse and illicit drug trafficking in Nigeria, stressing that the campaign must transcend government efforts and become a people-driven movement. The President made the remarks in a keynote address delivered on his behalf by the Secretary to […]
Invest at Home for Industrialisation, Dangote Tells Africans
By Oluwakemi Kindness Africa’s top industrialist, Aliko Dangote, says the continent must take a bold stand on economic self-reliance and industrialization, calling for an “Africa First” approach, similar to former U.S. President Donald Trump’s America First policy. Speaking at the ongoing Afreximbank conference at a session themed The Path to Making Africa Great Again, Dangote compared […]
Obasanjo Criticises African Leaders, Urges End to Aid Dependency
By Oluwakemi Kindness Former President, Olusegun Obasanjo has criticised many African leaders for lacking the basic understanding of economics required to govern effectively, warning that this ignorance continues to hinder development and deepen reliance on foreign aid. Obasanjo spoke on Thursday during a panel session at the 2025 Afreximbank Annual Meetings held in Abuja, Nigeria. […]