Author: Newsjaunts

By Gary Chomse, regional director, Central-Southern Africa at Vertiv As with all modern industries, the oil and gas sector globally is under pressure to embrace the critical convergence of information technology (IT) and operational technology (OT) systems to maximise efficiencies and productivities. This shift is equally important in Nigeria, where the oil and gas industry plays a pivotal role in the national economy. Oil production is a major source of income and a substantial contributor to the GDP of many African countries, and Nigeria remains consistently in the top spot as Africa’s largest producer of crude oil. In addition, it possesses…

As anticipation builds for the December festive season, Lagos is set to come alive once again with the return of the Nigeria Beer Festival, in dynamic partnership with the Lagos State Ministry of Tourism, Arts, and Culture. Slated for December 2025, this year’s edition promises to be bigger, bolder, and more exhilarating as it officially becomes a flagship event under the state’s much-celebrated Detty December lineup. The Nigeria Beer Festival is not just a celebration of beer, it is a vibrant showcase of Nigeria’s rich cultural heritage, brewing traditions, and community spirit. From craft and commercial brewers to music lovers…

In a time when many educational institutions have lost sight of their primary responsibility of shaping the next generation, Springfield Private School/Bosede Idehen International Academy (SPS/BIIA) is proud to stand out as a beacon of excellence, integrity, and innovation. With a unique American/Nigerian blended curriculum, SPS/BIIA provides children with access to international standards of education while remaining affordable and accessible to families in Alimosho and its environs. True to its slogan—“Building the Children of Today for Global Representation”—the school is committed to nurturing well-rounded, impactful leaders for the future. The school is fully equipped with modern facilities, including science laboratories,…

Tier-one lender Fidelity Bank Plc will host a high-profile panel session titled “Digital Railroads: Powering U.S.–Africa Commerce Through Fintech” at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) in Atlanta, USA. The session, scheduled for Friday, 19 September 2025, will explore how fintech is reshaping cross-border trade by enabling seamless payments, improving access to finance, and driving financial inclusion across Africa and the diaspora. The panel will bring together some of the brightest minds in digital finance including: Aisha N. Ahmad, CFA, Former Deputy Governor, Central Bank of Nigeria; Seyi Ebenezer, Founder of Payaza Africa, and a seasoned…

Lagos, Nigeria – September 11, 2025 – Interswitch Group, leading African technology company focused on creating solutions that enable individuals and communities prosper, recently hosted a delegation of Executive MBA students from the University of Cambridge Judge Business School (CJBS) at its headquarters in Victoria Island, Lagos. The delegation visited Interswitch as part of its student-led Nigeria Trek, to gain first-hand insights into the technology company’s 23-year journey of driving payment innovation and financial inclusion across Africa. The engagement spotlighted Interswitch’s evolution from a transaction switch to a diversified technology company, its role in building Africa’s digital payments infrastructure, and the…

LAGOS, NIGERIA – Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) announces completion of N150billion Rights IssuanceBank meets regulatory requirements for Commercial Bank with National AuthorizationN150billion Rights Issuance over-subscribedTotal Qualifying Capital now N214.7billion; above N200bn thresholdBank also concludes additional N50billion special placement. Awaiting regulatory approval Lagos, Nigeria – Wema Bank Plc (“the Bank”) announces the successful completion of its ₦150 billion Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission.This Rights Issue was undertaken in response…

As part of its commitment to improving lives and supporting communities, leading financial institution, Fidelity Bank Plc, has distributed food items in Ilaje and Ese-Odo Local Government Areas of Ondo State. Speaking during the donation event which took place at Igbokoda, Headquarters of Ilaje Local Government Area, the Regional Bank Head, Southwest 1, Fidelity Bank Plc, Mr. Folaranmi Jemirin, noted that the Fidelity Food Bank initiative was launched as part of the bank’s commitment to reducing hunger and providing relief for disadvantaged communities across Nigeria. “We are honored to be in Ondo State to continue this impactful initiative, and we…

Lagos, Nigeria: Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “theGroup”) has sustained its growth momentum, projecting gross earnings of N149.27 billion for the fourth quarter ending December 31, 2025. This projection builds onthe Group’s performance in the first half of the year, when profit after tax rose by157 percent, gross earnings climbed 39.7 percent to N212.61 billion, and earningsper share rose to 89 kobo from 56 kobo. Together, these results highlight a strongyear-to-date trajectory, reinforcing profitability and boosting investor confidence in the Group’s long-term outlook. According to the filing on the Nigerian Exchange, Sterling HoldCo expects interestincome of N116.73…

(Lagos, Nigeria) – Mediacraft Associates, a leading communications and public relations agency, has been named ‘Most Outstanding Corporate Reputation Management Firm Nigeria 2025’ by the World Business Outlook Awards. This is in recognition of the agency’s outstanding work in strategic communications and brand storytelling. The grand annual ceremony and presentaton will take place on November 8, 2025 in Pullman Bangkok King Power, Thailand The award celebrates Mediacraft’s ability to deliver measurable impact for its clients through creative campaigns, innovative media strategies, and a deep commitment to shaping meaningful narratives. Commenting on the award, Mediacraft CEO, John Ehiguese said: “This recognition is a testament to the passion, creativity, and…

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has launched the African Trade and Distribution Company (ATDC) to catalyse large scale trade in raw materials, minerals and value-added products from across Africa.  Afreximbank, through the Fund for Export Development in Africa (FEDA), established ATDC in collaboration with Arise Integrated Industrial Platforms (Arise IIP), Equitane DMCC and the African Continental Free Trade Area (AfCFTA) Secretariat. The new entity has already secured a US$1 billion funding pledge from Afreximbank to invest in aggregation of value-added goods, support logistics and distribution networks as well as financing its subsidiaries’ business operations. The President and Chairman of the…