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Capital Market
The Central Bank of Nigeria (CBN) has projected that inflationary pressures in Nigeria will ease significantly before the end of 2026, expressing confidence that the economy is gradually returning to a disinflationary path that could eventually lead to single-digit inflation. Victor Oboh, Director of the Monetary Policy Department at the apex bank, made this disclosure ...
security
President Bola Tinubu has directed security agencies and relevant authorities to strengthen protection measures in schools located in high-risk areas across the country, following the abduction of schoolchildren in parts of Oyo and Borno states. In his Children’s Day message personally signed on Wednesday, President Tinubu said the Federal Government would intensify efforts to rescue ...
Politics
Former deputy senate president, Ovie Omo-Agege, has resigned from the All Progressives Congress (APC) after he was defeated in the recent senatorial primary election in Delta state. Omo-Agege, who announced his resignation in a statement issued on Wednesday by his media adviser, Sunday Areh, argued that recent developments within the party in the state made ...
News
President Bola Ahmed Tinubu has called on Nigerians to use the celebration of Eid-el-Kabir to deepen the values of tolerance, generosity, and peaceful coexistence. According to a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, the president made this remark after performing the congregational prayers at Dodan Barracks in Lagos on ...
Politics
A member of the House of Representatives, Abdulmumin Jibrin, has expressed confidence in President Bola Tinubu’s prospects ahead of the 2027 presidential election, arguing that a higher number of opposition contenders will ultimately strengthen the President’s re-election bid. Jibrin, who represents the Kiru/Bebeji Federal Constituency of Kano State, spoke on Tuesday during an appearance on ...
Digital Economy
…approve N100m remuneration for Board Chairman Shareholders of United Bank for Africa Plc have approved a reduction in the bank’s share capital and re-elected three non-executive directors. The approval was granted at the Bank’s 64th Annual General Meeting, which was held virtually in Lagos. During the meeting, shareholders okayed nine resolutions, comprising seven ordinary resolutions ...
News
President Bola Tinubu has asserted that Nigeria’s difficult phase of economic reforms is over, saying the sacrifices made by citizens over the last three years have begun to yield positive results for the economy and national security. In his Eid-el-Kabir message to the Muslim faithful in Nigeria and across the world, the President said his ...
Capital Market
Nigerian indigenous mining and exploration company, Multiverse Mining and Exploration Plc, has declared a final dividend of 15 kobo per 50 kobo ordinary share for the financial year ended December 31, 2025. The company disclosed this in a corporate notice dated May 22, 2026 and signed by the company secretary, Alabiqun Mahmud Bayo, who stated ...
Capital Market
Fidelity Bank Plc has announced the appointment of Dr. Jonathan Oniovosa Ososuakpor as a Non-Executive Director with immediate effect from May 22, 2026. In a press statement released on Monday, the Bank said the appointment had received approval from the Central Bank of Nigeria (CBN), while notices had also been communicated to the Securities and ...
Digital Economy
Nigeria’s gross domestic product (GDP) growth rate has slowed to 3.89 percent year-on-year in real terms in the first quarter (Q1) of 2026. This was contained in the latest report released by the National Bureau of Statistics (NBS) on Monday. The figure represents a slight decline from the 4.07 per cent growth recorded in the ...
Oil & Gas
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has warned that soaring prices of cooking gas across the country could trigger fresh hardship for millions of households and small businesses. In a statement issued on Sunday, the association said the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has risen from ...
Politics
The National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, has expressed absolute confidence that the ruling party will secure a landslide victory in the 2027 general elections. Yilwatda stated this on Saturday in Dungun, Kanke Local Government Area of Plateau State, shortly after casting his vote in the party's nationwide presidential primary ...
Money market
Telecommunications giant Airtel Africa Plc has commenced a share buyback programme to repurchase up to one per cent of its issued share capital. The initiative is part of efforts to return cash to shareholders and strengthen capital allocation. In a statement issued on Friday, the company said the programme reflects confidence in the strength of ...
Business
The Centre for the Promotion of Private Enterprise (CPPE) has kicked against claims alleging that the Dangote Refinery possesses monopolistic tendencies. The think tank argued that Nigeria should focus on strengthening its local refining capacity instead of adopting policies that encourage large-scale fuel importation. In a statement issued on Sunday and signed by its Chief ...
News
The Centre for the Promotion of Private Enterprise (CPPE) has urged the federal government to strengthen its local refining capacity instead of adopting policies that encourage large-scale fuel importation. This is as the policy think-tank kicked against claims alleging that the Dangote Refinery possesses monopolistic tendencies. In a statement issued on Sunday and signed by ...
Aviation
The Nigerian Civil Aviation Authority (NCAA) has ordered the suspension of regulatory services to 11 domestic airlines over outstanding statutory payments owed to the aviation regulator. The airlines indicted for the debts include Air Peace Limited, Ibom Air Limited, Arik Air Limited, United Nigeria Airlines, Umza Air, NG Eagle, Max Air Limited, Caverton Helicopters, Overland ...
Politics
…as Osifo concedes defeat President Bola Ahmed Tinubu is set to formally receive the certificate of return and flag of the All Progressives Congress (APC) as the party’s presidential candidate for the 2027 general election. The presentation ceremony is scheduled to hold on Sunday at the Bola Ahmed Tinubu International Conference Centre in Abuja, following ...
Politics
The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has expressed confidence that the ruling party will secure a landslide victory in the 2027 general elections. Yilwatda stated this on Saturday in Dungun, Kanke Local Government Area of Plateau State, shortly after casting his vote in the ongoing presidential primary election of the ...
Politics
Some members of the All Progressives Congress (APC) were seen queuing on Saturday to receive money after participating in the party’s ongoing presidential primary election. The incident occurred at L.A. Nursery and Primary School in the Iba Local Council Development Area of Lagos State, where party members gathered to elect a presidential flag-bearer ahead of ...
Politics
Some members of the All Progressives Congress (APC) were seen queuing on Saturday to receive money after participating in the party’s ongoing presidential primary election. The incident occurred at L.A. Nursery and Primary School in the Iba Local Council Development Area of Lagos State, where party members gathered to elect a presidential flag-bearer ahead of ...
