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Lagos, July 6, 2026 – Polaris Bank has reaffirmed its commitment to advancing ethical journalism and strengthening media professionalism with the successful hosting of the 12th edition of its Annual Media Capacity Seminar, themed “Rebuilding Trust and Reinventing Storytelling in the Age of AI.” The virtual seminar, held via Microsoft Teams, brought together more than 650 journalists, editors, publishers, media executives, and communication professionals from across Nigeria for engaging discussions on the future of journalism in an era increasingly shaped by artificial intelligence. With this year’s edition, Polaris Bank’s Annual …

Lagos, July 6, 2026 – Credit strength and financial performance do not always evolve in tandem. A company may report stable earnings, moderate leverage, and consistent cash flows, while underlying credit conditions are already shifting. Conversely, periods of weaker financial performance may reflect transitional industry pressures rather than a fundamental deterioration in credit quality. This divergence reflects an important feature of credit analysis: financial statements capture realised outcomes, while credit assessments incorporate expectations about how those outcomes are likely to evolve. Between the two sits the operating environment, and at …

Abuja, July 6, 2026 – The Federal Competition and Consumer Protection Commission (FCCPC) is to investigate big technology companies in Nigeria following allegations of anti-competitive practices, unlawful exploitation of news content, and other potentially unfair market conduct. Also to be investigated are Generative Artificial Intelligence (AI) platforms operating in Nigeria. The FCPCC disclosed this on Monday in a statement signed by Ondaje Ijagwu, its Director of Corporate Affairs It said the investigation is sequel to a directive from President Bola Ahmed Tinubu to FCCPC to look into a joint petition …

Lagos, July 6, 2026 – The Nigerian Meteorological Agency (NiMet) has warned Nigerians of the risk of flash flood in Lagos and some other states from July 1 to July 10. The agency, which gave the advisory in a statement, said widespread rainfall expected during the period could trigger flooding across 27 states as the country enters the peak of the rainy season. It said the persistent rainfall experienced in June had left soils across much of the country unable to absorb additional precipitation. “Following widespread rainfall recorded across many …

Lagos, July 6, 2026 – Tony Elumelu, the Chairman of UBA Group, is to retire from the Board of Directors of the bank on August 21, 2026. The bank has appointed Emmanuel Nnorom as a Non-Executive Director to replace him effective from August 21, 2026.. Alero Ladipo, the Group Head of Marketing and Corporate Communications in the bank, disclosed this in a statement on Monday. The statement said his retirement was approved at the bank’s board on Monday and is in line with the corporate governance guidelines of the Central …

Abuja, July 6, 2026 – The Federal Government on Monday held a closed-door meeting with representatives of Dangote Refinery and other petroleum marketers to check the current high prices of petrol in the country. The meeting was held at the headquarters of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Abuja. Those at the meeting included officials of the Federal Competition and Consumer Protection Commission (FCCPC), representatives of TotalEnergies, Eterna, Matrix Energy, the Depot and Petroleum Products Retailers Association of Nigeria (DPRP), Major Energy Marketers Association of Nigeria …

Singapore, July 6, 2026 – Oil prices were stable around pre-Iran war levels on Monday as Saudi Arabia slashed its ‌official selling prices and after OPEC+ agreed to further increase its output targets from August, while exports from key producers via the Strait of Hormuz are recovering. Brent crude futures fell 4 cents, or 0.06%, to $72.08 a barrel at 1322 GMT after ​settling 0.45% higher on Friday. U.S. West Texas Intermediate crude was at $68.62 a barrel, down 7 ​cents, or 0.1%. There was no settlement for WTI on Friday as …

….Seven OPEC+ members, including Saudi Arabia and Russia, to increase output by 188,000 barrels per day Vienna, July 6, 2026 – OPEC+ members have announced plans to boost oil production as energy markets show tentative signs of recovery amid the fallout of the US-Israel war on Iran. OPEC+ said that seven member countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman – would raise output by 188,000 barrels per day from August after officials held a virtual meeting to “review global market conditions and outlook”. The production boost …

Abuja, July 5, 2026 – The Federal Government has dismissed the allegation that it spent over ₦8 trillion outside the 2025 budget. Taiwo Oyedele, the Minister of Finance, dismissed the allegation in a statement on Sunday. He was reacting to media reports that the federal government spent over 2% of its GDP, estimated at over ₦8 trillion, outside the approved budget in 2025. The media reports were based on the IMF’s 2026 Article IV Consultation on Nigeria and comments by its representative in Nigeria. The minister said the allegation was …

Lagos, July 5, 2026 – Nigeria’s new Ambassador to Qatar, Professor Mahmood Yakubu, has presented his Letter of Credence to the Amir of Qatar, Sheikh Tamim bin Hamad Al-Thani.  During the ceremony on Thursday, July 2, 2026 at the Amiri Diwan, in Doha, Ambassador Yakubu, former Chairman of the Independent National Electoral Commission (INEC), inspected a Guard of Honour before a private audience with the Amir, who reaffirmed the longstanding and cordial relations between Nigeria and Qatar. The Qatari leader recalled the high-level visits between both countries and reiterated Qatar’s …