Aradel Holdings just grabbed more control over a massive oil asset. The local energy outfit revealed that its subsidiary finished buying a forty percent stake in ND Western Limited from Petrolin Trading Ltd. This purchase lifts their total share from roughly forty-two percent up to nearly eighty-two percent. ND Western effectively becomes a sub-unit under the Aradel Energy Limited banner after passing every regulatory requirement.
This swap spikes their indirect grip on Renaissance Africa Energy Company Limited to over fifty-three percent. The entity holds a forty-five percent interest in OML 34 within the Western Niger Delta. It also keeps half the stock in the parent firm running the Renaissance Joint Venture.
Adegbite Falade claims...
Fidelity Bank just secured a massive bag to dodge regulatory hammers. The lender collected between two hundred fifty and two hundred seventy billion naira on December 31, 2025, via a private placement to satisfy Central Bank of Nigeria mandates. This fresh injection pushes qualifying capital well past the five hundred billion naira limit required for international operations. Existing funds stood at around three hundred six billion naira before this massive top-up. Sources claim high demand allowed the deal to close within twenty-four hours instead of the usual ten days allowed for such offers.
Subscriptions went exclusively to specific investors matching the corporate strategy. This pattern suggests participation from top-tier global...
Sam Obi snagged a major award for forcing honesty into broken systems. He received the Technology and Innovation prize at the CEOs Network Africa Awards through his platform SimplifiedIQ. The founder creates digital tools to strengthen integrity inside African assessment and compliance structures. This victory highlights his push to fix manual exams and slow certification workflows.
He insists the mission involves building defensible outcomes instead of only chasing speed. The startup provides tamper-proof testing with automated grading to prevent cheating disputes. It manages identity verification while scoring essays and coding challenges via machine logic. A special scanning tool converts paper scripts into digital data to bridge...
Airvend just snagged a shiny trophy for growing faster than weeds in the Nigerian market. BusinessDay placed the fintech outfit on its 2025 Top 100 SMEs roster. The Central Bank authorized them to move money through digital channels like Airpay and Airgate. They also handle airline ticketing and USSD codes for restless travelers.
Precious Chiedozie Ekezie calls the shots as Managing Director. He applies strict discipline learned at the Nigerian Navy Naval Dockyard. The executive holds an MBA from Nexford University with a focus on artificial intelligence. He previously started Madsuite Technologies, which grabbed attention via the Tony Elumelu Foundation.
Management chased down multiple licenses to work as a super-agent and terminal...
Boomers finally got their massive payout from the government vault. PTAD dropped nearly fifty-six billion naira in December 2025 to settle old debts for retirees under the Defined Benefits Scheme. Olugbenga Ajayi confirmed that the agency split the cash between regular monthly stipends and a huge chunk for back pay. This transfer clears outstanding obligations related to specific salary bumps and death benefits.
The breakdown shows Civil Service retirees grabbed the biggest slice at over sixteen billion naira. Defunct agencies took home fifteen billion, while parastatals received roughly half that amount. Customs and prison staff saw some funds flow their way alongside university workers. Next-of-kin collected close to three hundred...
FirstBank wants to explain why your wallet is empty with a fancy economic seminar. The financial giant plans to host the Nigeria Economic Outlook 2026 to help customers survive the current fiscal mess. This session intends to review the previous year while predicting what happens next for local businesses under the theme of mastering resilience. Olayinka Ijabiyi claims the meeting helps regular people make smart choices during financial chaos.
Yemi Kale from Afrexim Bank takes the stage to deliver the main keynote address. A heavy panel follows him to dissect the situation further using data and vibes. Big brains from PwC, Transaharan, and Lagos Business School will join the conversation. Niyi Yusuf and Cheta Nwanze are also grabbing...
Nigeria’s market watchdog just got big muscle to crush shady traders. The Securities and Exchange Commission intends to increase penalties significantly in 2026 since the Investments and Securities Act 2025 grants fresh authority. Director General Emomotimi Agama stated the agency will utilize these expanded legal rights to restore investor trust. He insists strict supervision is needed to guarantee market integrity.
Officials plan to target insider dealing and scam artists who steal from regular people. The regulator wants to enforce rules firmly without showing bias toward anyone involved in misconduct. Operations will shift online to quicken approvals while automating file submissions. This digital pivot aims to reduce friction...
Investors are simping hard for Dangote after his massive refinery finally stabilized local fuel prices. Shareholders praised the billionaire for dumping cash into domestic assets instead of hiding wealth offshore. Dr. Faruk Umar from the Association for the Advancement of Rights of Nigerian Shareholders claims the twenty billion dollar facility killed the recent petrol scarcity. He credited the tycoon for lowering transport costs and easing inflation during the holidays.
The group teamed up with Honeywell International Inc to crank output to over one million barrels daily. This deal aims to boost plastic and fertilizer production significantly for local industries. Umar believes these moves prove the industrialist actually cares about...
Afrinvest just slapped a fresh coat of paint on its investment app. They rebranded Optimus to PlutusNeo to signal a strategy shift toward digital wealth expansion. The tool originally dropped in 2022 to let regular people access managed funds through a phone screen. This pivot aims to build a connected ecosystem for everyday investors wanting to grow cash. It aligns with larger goals to add lending and payment features later.
Ayodeji Ebo claims this move positions the utility for long-term growth while supporting a wider audience. He serves as Managing Director for the updated service. Group boss Ike Chioke notes the company relies on three decades of market experience to guide these decisions. They want disciplined investing to reach...
