temitope adebayo, Author at DAILY TIMES Nigeria

Oyetola Appoints Adenike Iyelolu as New Registrar of Ships

temitope adebayo 20 November 2025 0

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has approved the appointment of Barr. Adenike Iyelolu as the new Registrar of Ships for the Nigerian Maritime Administration and Safety Agency (NIMASA). Her appointment, which takes effect immediately, followed the recommendation of

News

FG accelerates digital trade overhaul as Single Window testing begins

temitope adebayo 20 November 2025 0

The Federal Government has moved closer to delivering a fully digital, integrated and cost-saving trade system as it commenced User Acceptance Testing of the National Single Window with sector stakeholders ahead of the platform’s scheduled take-off in March 2026. The testing, led by technology provider CrimsonLogic, exposed each participating agency to system navigation,

Business

Nigeria’s Reserves Hit $46.7bn, Offering Over 10 Months’ Import Cover

temitope adebayo 19 November 2025 0

Nigeria’s external reserves have climbed to $46.7 billion as of 14 November 2025, the highest level since 2018. The reserve build‑up gives the country more than 10 months’ worth of import cover, signalling a markedly improved external balance. CBN Governor Yemi Cardoso, represented by Deputy Governor Dr Muhammad Abdullahi, disclosed the figure at the opening of the CBN’s

News

13-Year-Old Wins UBA Essay Competition, Takes N10m Grant

temitope adebayo 19 November 2025 0

A 13-year-old Senior Secondary School Two student, Seth Ebunoluwa of Igando Community Senior High School, Lagos, has won the 2025 United Bank for Africa National Essay Competition, becoming the first male student to claim the top position in eight years. He received an educational grant of N10 million after emerging as the best among 12 […]

News

Unity Bank MD Urges Youths to Build Lifelong Savings Habit

temitope adebayo 19 November 2025 0

The Managing Director/Chief Executive Officer of Unity Bank Plc, Mr Ebenezer Kolawole, has called on young Nigerians to adopt savings as a lifelong discipline capable of building financial stability and long-term resilience. Mr Kolawole delivered the message to students of Alvana Model Secondary School, Owerri, Imo State, during a financial literacy session held to mark

Business

Amid Rising Prices, Nigerians Flock to Discounted Products

temitope adebayo 19 November 2025 0

As inflation continues to bite, Nigerians are increasingly turning to promotional sales and discounted products to stretch household budgets, checks by The Daily Times reveal. End-of-year promotions, price cuts, and “up to 80 per cent off” deals are no longer mere marketing tactics but essential survival strategies for millions of consumers facing rising prices of staples

Business

NGX Loses N110bn as Investor Sentiment Weakens

temitope adebayo 19 November 2025 0

The Nigerian Exchange (NGX) shed over ₦110 billion on Monday as investor sentiment weakened, dragging the year-to-date return down to 40.86 per cent. The All-Share Index slipped by 173.26 basis points to close at 144,986.51, while market capitalisation fell by ₦110.19 billion, settling at ₦92.21 trillion, reflecting cautious trading amid continued uncertainty over the

Business

Nigerian Breweries Posts N1.04trn Revenue in 9 Months

temitope adebayo 26 October 2025 0

Nigerian Breweries Plc, the nation’s leading brewing company, has reported a remarkable Group Revenue of N1.04 trillion for the nine months ended September 30, 2025, a 48% increase from the N703 billion recorded in the same period of 2024. According to the unaudited financial results released on the NGX portal, the company’s Cost of Sales […]

Business Top Stories

Equities Market Rebounds as ASI Adds 0.31%, Investors Gain N279bn

temitope adebayo 26 September 2025 0

The Nigerian Exchange (NGX) closed positively on Thursday, reversing losses from the previous session as the All-Share Index (ASI) advanced 0.31 per cent to settle at 141,149.04 points. The rally lifted year-to-date returns to 37.14 per cent from 36.72 per cent previously, while market capitalisation added N279.37 billion to close at N89.34 trillion. The upturn […]

Business

Stanbic IBTC Launches InvestBeta Season 2, Offers N2m Investment Prizes

temitope adebayo 26 September 2025 0

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings Plc, has launched Season 2 of its financial literacy game show, InvestBeta, with the premiere episode now streaming on the Stanbic IBTC Group’s official YouTube channel. The second season kicked off with heightened excitement as three contestants battled through three competitive rounds, rapid questions,

Nigeria, China’s Global Governance Initiative

Business Top Stories

Nigeria Backs China’s Global Governance Plan, Targets $22bn Trade Growth

temitope adebayo 26 September 2025 0

Nigeria has endorsed China’s Global Governance Initiative (GGI), tying the move to accelerating economic opportunities, trade expansion, and infrastructure financing critical to Africa’s largest economy. The endorsement, delivered in Abuja by the Director General of the Nigeria–China Strategic Partnership (NCSP), Mr Joseph Tegbe, on behalf of President Bola Ahmed Tinubu,

Business

Otedola Expands First Holdco Stake with N2.01bn Share Purchase

temitope adebayo 26 September 2025 0

First Holdco Chairman, Femi Otedola, has strengthened his position in Nigeria’s oldest listed financial institution with fresh acquisitions worth ₦2.01 billion, boosting both his direct and indirect stakes in the group. A regulatory filing to the Nigerian Exchange (NGX) on Thursday confirmed that Otedola bought 39,313,379 units at ₦31 per share, valued at ₦1.21 billion,

Money

NIBSS Orders PTSPs to Recertify Ahead of CBN Geotagging Deadline

temitope adebayo 25 September 2025 0

The Nigeria Interbank Settlement System (NIBSS) has directed Payment Terminal Service Providers (PTSPs) to begin recertification ahead of the Central Bank of Nigeria’s (CBN) October 31, 2025, deadline for the geotagging and geofencing of all point-of-sale (PoS) terminals nationwide. NIBSS, which oversees interbank settlements, electronic funds transfer, and terminal

Money

FirstBank Unveils Inclusive Banking Services for Physically Challenged Customers

temitope adebayo 25 September 2025 0

FirstBank, Nigeria’s premier financial institution, is set to roll out specialised financial services designed to meet the needs of blind, partially sighted, and physically challenged customers across its operations. The initiative, part of the bank’s broader financial inclusion strategy, underscores its commitment to diversity, equal opportunity, and accessible banking.

Money

Rite Foods Invests In Energy Tech to Cut Emissions, Safeguard Environment

temitope adebayo 25 September 2025 0

Rite Foods Limited has intensified its investment in energy technology to accelerate the reduction of greenhouse gas emissions across its operations, reaffirming its commitment to sustainable manufacturing and environmental protection. The company pledged during a news conference at its Energy Centre in Ososa, Ogun State, to mark this year’s World Ozone Day. General

Transportation

Smuggled Cars, Soaring Costs Push Auto Sector to the Brink

temitope adebayo 20 September 2025 0

Nigeria’s automobile industry is reeling under the twin pressures of surging vehicle importation and unrelenting inflation, with stakeholders warning that the country’s dream of building a sustainable automotive hub is on the verge of collapse. Despite more than a decade of government policies aimed at boosting local production through tariffs, incentives, and assembly

Transport

How Crippling Policy Gaps Threaten Nigeria’s Auto Industry Future

temitope adebayo 20 September 2025 0

Nigeria’s automotive industry was once envisioned as a symbol of industrial pride, a sector that could create jobs, conserve scarce foreign exchange, and boost national competitiveness. That vision was given structure through the National Automotive Industry Development Plan (NAIDP), first rolled out in 2013/2014 and renewed in 2023 with fresh promises for the next decade.

Money

FCMB, Truecaller Partner to Boost Customer Trust, Digital Security

temitope adebayo 17 September 2025 0

First City Monument Bank (FCMB) has entered into a strategic partnership with Truecaller, the global trusted communication platform, to strengthen customer engagement and safeguard transactions against rising fraud and impersonation in Nigeria’s financial sector. Under the arrangement, FCMB will deploy Truecaller’s Customer Experience Solution and Branded Caller ID,

Business

Naira Appreciates to N1484 as Reserves Rise to $41.8bn

temitope adebayo 17 September 2025 0

The naira appreciated to N1484 per dollar on Tuesday at the Nigerian Foreign Exchange Market (NFEM) after breaking a key psychological barrier earlier in the week. During intraday trading, the local currency touched N1479 before closing slightly weaker at N1485, according to data released by the Central Bank of Nigeria (CBN). The sustained rebound at […]

Money

ICSAN Conference Pushes AI Integration in Governance

temitope adebayo 17 September 2025 0

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has urged stakeholders to embrace artificial intelligence (AI) as a tool for excellence and innovation in governance rather than viewing it as a threat to jobs. Speaking at a pre-conference briefing ahead of ICSAN’s 49th Annual Conference, Vice President Francis Olawale said AI should be […]

Trending