Business
Innoson Vehicles Launches Nigeria’s First Electric Car

Innoson Vehicles has successfully produced the first made-in-Nigeria electric car at their manufacturing plant in Nnewi, Anambra State. This groundbreaking achievement marks a significant milestone for the country’s automotive industry, showcasing Nigeria’s growing capacity for innovation. An amateur video capturing a test drive of the electric vehicle has surfaced, generating excitement and interest in the future of locally produced sustainable transportation. Innoson’s accomplishment positions Nigeria on the map in the global shift towards eco-friendly vehicles.
Business
Ecobank Announces $250M Capital Boost at Annual General Meeting in Togo

Ecobank Group is reportedly set to raise up to $250 million through an Additional Tier 1 (AT1) capital offering in order to strengthen the bank’s capital base.
This was revealed during the company’s annual general meeting held in Togo on the 29th of May, 2025. According to the meeting, the bank stated that the conversion price for the shares will be based on the higher of the prevailing exchange rate and the floor price of $0.02 per ordinary share.
The speaker stated “As we cast our eyes into the future and reimagine all possibilities—rising competition from banks, fintechs, and non-bank financial institutions, as well as factors such as geopolitics, regulations, and capital markets—we cannot afford complacency.”
Business
CBN Assures Nigerian Stakeholders of the Banking Sector Stability and Deposit Security

The Central Bank of Nigeria (CBN) recently assured stakeholders about the state of the banking sector in Nigeria, stating that the banking sector can still be trusted and is secure.
The assurance was shared in a statement signed by Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN. In the statement, it was emphasized that stakeholders should disregard any negative news concerning the banking sector, as such reports are misleading.
The CBN also highlighted the security of the deposits entrusted to it, stating, “There is no reason for the public to worry about the security of their deposits.” The extent of the measures and security in place was also emphasized by the director in the statement.
Business
“Aliko Dangote is Nigeria’s Biggest Debtor” – Dr. Cosmos Maduka Claims

Nigerian Businessman Dr. Cosmos Maduka analyzes popular Billionaire, Aliko Dangote and describes him as the biggest debtor in Nigeria.
The businessman highlighted the fact that people who seem to have the most money are often the largest debtors.
“The number one debtor in Nigeria is Aliko Dangote. He’s the wealthiest man in Africa. The number one debtor in the world is the United States of America and you call them the richest in the world.”
“As you admire all of those things, it’s all credit. It’s all about credit. So you should leverage on loan, but you have to have a good structure that will support that loan.”
-
Sport8 hours ago
Karpin Says Super Eagles is Still Strong Even Without Osimhen and Lookman
-
Sport7 hours ago
Alan Shearer Says Ronaldo Will Decide When to Retire Not Portugal or Any Club
-
Sport7 hours ago
Dembele Named UEFA Champions League Player of the Season
-
Entertainment6 hours ago
“ I Must Have a Daughter – Regina Daniels Reveals Her Heart’s Desire
-
Entertainment6 hours ago
Don’t Worry About Marriage – DJ Cuppy Tells Single Women in Their 30s
-
Entertainment5 hours ago
VeryDarkMan Slams Movie Based on His Life, Calls It ‘Cringeworthy’ And Claims The Story Is Wrong
-
Entertainment5 hours ago
Rihanna’s Father Ronald Fenty Passes Away at 70 After Illness