New Telegraph

…Real Heroes Left In The Cool, Sule Lamido

…Real Heroes Left In The Cool, Sule Lamido

Erstwhile Jigawa State Governor Sule Lamido says the real and actual heroes of June 12 have been left in the cold despite the sacrifices they made to return the country to civil rule. In his…

Dangote Set To Retire As Chairman, DSR

Dangote Sugar Refinery Plc (DSR) has announced that its Chairman, Alhaji Aliko Dangote, will retire from the Board effective June 16. The announcement, made through a corporate disclosure to the Nigerian Exchange Ltd., stated that…

Fitch, GCR, Upgrade Wema Bank’s Rating, Confirm Outlook Positive, Stable

Further giving credence to its capacity for long-term sustainability in the African banking ecosystem, credit rating agencies, Fitch and GCR, have both upgraded the ratings of Wema Bank, Nigeria’s oldest indigenous bank, most innovative bank…

Sterling Bank Launches N2bn Private University Scholarship For Nigerian Youth

Sterling Bank Launches N2bn Private University Scholarship For Nigerian Youth

Nigeria’s most forward looking financial institution, Sterling Bank, has announced an over N2 billion commitment for fully-funded private university scholarships for young Nigerians. Unveiled on Democracy Day, the initiative titled Beyond Edu- cation, represents a…

NAICOM To Ring-Fence Annuity Business With Supplementary Guidelines

NAICOM To Ring-Fence Annuity Business With Supplementary Guidelines

The National Insurance Commission (NAICOM) in a bid to totally ringfenced Retiree Life Annuity (RLA) funds, will soon issue comprehensive supplementary guidelines. The Managing Director NSIA Insurance Limited, Moruf Apampa, who is also a member…

Deutsche Bank Warns of Rising US Corporate Defaults Despite Elevated Rates

Deutsche Bank Warns of Rising US Corporate Defaults Despite Elevated Rates

United States corporate borrowers, particularly those at the lower rungs of the credit spectrum, are heading into turbulent waters as Deutsche Bank warns of a fresh wave of defaults fueled by unrelenting interest rate pressures…

MAN: Manufacturing Sector Recovering Amid Sustained Reforms

MAN: Manufacturing Sector Recovering Amid Sustained Reforms

Dr Sam Olawoye, Chairman, Manufacturers Association of Nigeria (MAN) for Oyo, Osun, Ondo, and Ekiti, says the manufacturing sector is gradually recovering from recent economic shocks. He made this known in an interview with the…

AI Breathes New Life Into Africa’s Declining Oilfields

AI Breathes New Life Into Africa’s Declining Oilfields

Reports have indicated that Nigeria and other key oil and gas countries in the African continent have shown that their mature oilfields are experiencing a renaissance as artificial intelligence (AI) is at the heart of…

Fitch, GCR Upgrade Wema Bank’s National Ratings

Fitch, GCR Upgrade Wema Bank’s National Ratings

Wema Bank has received rating upgrades from two leading credit rating agencies, Fitch and GCR, in recognition of its strong performance and resilience amid industry challenges. Fitch Ratings upgraded the bank’s National Long-Term Rating to…

Aliko Dangote To Bow Out As Chairman Of Dangote Sugar Refinery

Aliko Dangote To Bow Out As Chairman Of Dangote Sugar Refinery

In a major leadership transition, Dangote Sugar Refinery Plc (DSR) has announced the retirement of its founder and Chairman, Aliko Dangote, from the Board, effective June 16, 2025. The announcement was made in a regulatory…