Category: Business

First Bank of Nigeria Limited (FirstBank), Nigeria’s premier and leading financial inclusion services provider, has announced the launch of the Verve Flash Promo, a special initiative rewarding customers with free Verve cards. The campaign, which commenced on 6 October 2025, and will run until 30 January 2026, is exclusively targeted at FirstBank customers whose ATM cards have expired. The free cards will be issued daily to 131 customers on a first-come, first-served basis across the Bank’s branches, nationwide. FirstBank’s unwavering commitment to convenience, accessibility, and customer satisfaction. Speaking on the…

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Police have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after a consortium of lenders placed the oil and gas company under receivership over a reported $1 billion debt. A Federal High Court sitting in Lagos, presided over by Justice D. I. Dipeolu, issued a Mareva injunction on October 22, 2025, authorising First Trustees and its subsidiary, FBNQuest Merchant Bank, to take over the company’s assets pending the determination of the substantive suit. The order was granted against Nestoil Limited, its affiliate Neconde Energy Limited, and…

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As nominations close for WES 2025 Awards for Outstanding Economic Impacts Top industry leaders and policymakers are set to converge at the WorldStage Economic Summit (WES) 2025 to address one of Nigeria’s most persistent challenges — low productivity. The summit, themed “Tackling the Issue of Low Productivity in Nigeria,” will hold on Friday, November 21, 2025, at The Event Centre, Nigerian Exchange Limited, 2/4 Customs Street, Lagos, starting at 10 a.m. According to the organisers, World Stage Limited, a research- and technology-driven firm focused on Africa’s economic advancement, confirmed that…

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FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is proud to announce the commencement of its 2025 Corporate Responsibility and Sustainability (CR&S) Week, scheduled to hold from 27 October – 1 November 2025. Now in its ninth year, the annual event is a reflection of the Bank’s commitment to community empowerment, environmental stewardship, and the advancement of the United Nations Sustainable Development Goals (SDGs). Through the ‘Start Performing Acts of Random Kindness’ (SPARK) initiative, FirstBank continues to build on its legacy of sowing seeds…

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FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its flagship digital banking platform, the LIT app, enabling customers to make instant, secure, and local currency-based cross-border payments across Africa. PAPSS, developed by the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables instant, low-cost payments in local currencies between African countries. Speaking on the integration, the Group Executive, e-Business and Retail Products…

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The Lagos State Signage and Advertisement Agency (LASAA) recently welcomed a high-powered delegation from the house committee on environment of the Lagos State House of Assembly, led by its Chairman, Honourable Shabi Rasheed Adekola. The visit served as a statutory oversight function, providing a critical platform for detailed engagement on the agency’s performance and regulatory adherence. The LASAA management team, headed by the Managing Director/CEO, Prince Fatiu Akiolu, engaged the Committee in extensive discussions that spanned the agency’s activities, its performance metrics and compliance with regulatory responsibilities. The meeting fostered…

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Africa’s agricultural rebirth gathers momentum as Agriculture Summit Africa (ASA) 2025, the continent’s foremost platform for advancing sustainable and inclusive agricultural transformation, returns under the bold theme ‘Survival of the Greenest: Reclaiming Africa’s Food Destiny’. Scheduled for November 6–7, 2025, at the Transcorp Hilton, Abuja, ASA 2025 is set to spotlight financing pathways to drive sustainable growth in the agricultural sector. Now in its eighth year and convened by Sterling Bank, the summit will bring together policymakers, agribusiness leaders, investors, and innovators from across Africa and beyond to explore innovative…

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