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Issues of the Moment
Recently, Oladepo Caleb Olugbenga, the overall best graduating student of Ladoke Akintola University of Technology (LAUTECH), sparked a heated online debate after attributing his academic success to the Nigerian Education Loan Fund (NELFUND). What began as an innocuous expression of gratitude quickly ignited a firestorm on social media, with critics scrutinizing the scheme’s long-term implications ...
Energy
The Transmission Company of Nigeria (TCN) has taken delivery of two power transformers as the ongoing rehabilitation of the Amuwo 132/33kV Transmission Substation progresses. In a statement released on Monday, TCN’s General Manager of Public Affairs, Ndidi Mbah, confirmed that two 60MVA power transformers have been delivered to the site. She noted that the units are set ...
Money market
Shareholders of Lafarge Africa Plc have approved a major corporate rebranding that will see the company renamed HBM Nigeria Plc. This ias the shareholders also approved a final dividend payout of ₦96.65 billion for the 2025 financial year. These resolutions were passed at the company’s 67th Annual General Meeting (AGM) held in Lagos, where investors ...
Capital Market
...as Mustafa Bello is appointed new chairman Jim Ovia has officially retired as Chairman from the Board of Zenith Bank Plc. This was revealed in a corporate notice by the Bank on Tuesday. Jim Ovia who founded the Bank steps down after completing the mandatory 12-year tenure permitted under corporate governance guidelines for financial holding companies, ...
News
United Bank for Africa (UBA) Plc has announced the retirement of Erelu Angela Adebayo as a Non-Executive Director, ending an eight-year tenure on the board of Africa’s leading commercial bank. In a notice signed by the UBA Group company Secretary, Bili Odum, the Bank said Adebayo, who joined the board in August 2018, provided distinguished ...
Business
Shareholders of MTN Nigeria Communications Plc have approved a final dividend of ₦314.93 billion for the 2025 financial year, alongside a proposed structural separation of the business. The decisions were reached at the company’s Annual General Meeting (AGM) held virtually on April 30, 2026, where members endorsed a payout of ₦15 per ordinary share. This ...
Money market
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called for sweeping reforms to streamline Nigeria’s investment processes against bureaucratic bottlenecks to enhance Nigeria’s attractiveness to both domestic and foreign investors. This call was made during a courtesy visit by a delegation by the RMAFC led by Enefe Ekene, Chairman of the Commission’s Investment Monitoring ...
Crime
United Bank for Africa (UBA) Plc has dismissed as false, defamatory, and malicious claims alleging that its group chairman, Tony Elumelu, has divorced his wife. An X (formerly Twitter) user had claimed that the business mogul divorced his wife after a purported DNA test showed that his seven children did not belong to him. In ...
Energy
The Dangote Group has denied reports alleging a purported rift between its President, Aliko Dangote, and the Chairman of the United Bank for Africa (UBA) Plc, Tony Elumelu. A post by one Oghneminehhhhh on X (formerly Twitter) had claimed that Dangote revealed that he was financially incapacitated when building the Lagos refinery in 2021. The ...
News
The Nigeria Revenue Service (NRS) has launched a next-generation tax administration platform dubbed Rev360. In a statement issued on Thursday, April 30, in Abuja, the agency said the platform represents a critical milestone in modernising Nigeria’s tax ecosystem, shifting from largely manual and fragmented processes to a fully integrated, intelligent, and taxpayer-centric system. According to ...
Africa
Founder of My Growth Fund Venture Partners, Vusi Thembekwayo, has rejected narratives portraying South Africans as xenophobic, urging African nations to prioritise economic unity over divisive rhetoric. By Damilare AdeleyeThembekwayo spoke on May 2, 2026, at The Platform Nigeria 2026, the annual Workers’ Day event convened by Poju Oyemade.Addressing xenophobia claims, the South African investor ...
Business
Guaranty Trust Holding Company Plc (GTCO) has approved a final dividend payout of N429.83 billion for the 2025 financial year, alongside key board appointments. The approval was granted during its 5th Annual General Meeting (AGM) held virtually on April 28, 2026. At the meeting, shareholders endorsed a final dividend of N11.76 per 50 kobo ordinary ...
Capital Market
Abbey Mortgage Bank PLC has unveiled plans to pay shareholders a final dividend of 12 Kobo for every 50 Kobo share held for the financial year ended December 31, 2025. The announcement was made on Thursday through a corporate actions notice signed by the Company Secretary, Geoff Amaghereonu, and made available on the Nigerian Exchange ...
Money market
Fidelity Bank Plc has announced the retirement of Mrs. Morohunke Bammeke as an Independent Non-Executive Director following the successful completion of her tenure on the bank’s board. In a press release issued on Thursday, the Company Secretary, Ezinwa Unuigboje, formally notified NGX Regulation Limited and the investing public of the transition. The bank disclosed that ...
Money market
Abbey Mortgage Bank PLC has announced plans to pay shareholders a final dividend of 12 Kobo for every 50 Kobo share held for the financial year ended December 31, 2025. The bank announced this Thursday in a Corporate actions notice signed by Company Secretary, Geoff Amaghereonu, and obtained on the Nigerian Exchange Limited. The dividend, ...
Energy
President Bola Tinubu has appointed Rilwan Lanre Babalola as Special Adviser on Power and Chairman of a newly established Presidential Task Force on Power Sector Reset and Restoration, in a move aimed at accelerating reforms across Nigeria’s electricity industry. The appointment, announced in a statement signed by the special adviser to the president on information ...
Issues of the Moment
The Nigeria Police Force is back in the spotlight not for a major breakthrough in national security, but for a brutal atrocity. Controversy has erupted following the extrajudicial killing of a 28-year-old suspect, Mene Ogidi, in Effurun, Delta State. The victim had visited the Effurun main park on Sapele Road to collect a waybill, which ...
Issues of the Moment
The Nigerian Police Force is once again under intense scrutiny following the extrajudicial killing of 28-year-old Mene Ogidi in Effurun, Delta State. The incident, which occurred at the Effurun main park, has reignited a national conversation regarding the persistence of police brutality and the culture of impunity within the force. According to reports, the victim ...
Economy
Dangote Cement Plc has reported a strong financial performance for the first quarter of 2026, with profit after tax rising to N321.1 billion. In its financial statement released on Wednesday, the company recorded revenue of N1.198 trillion for the three months ended March 31, 2026, up from N994.7 billion in the corresponding period of 2025. ...
Politics
Nigerian Ambassadors and High commissioners-designate have been rewarded with lands in Abuja by President Bola Ahmed Tinubu. This was disclosed on Wednesday by the Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Wednesday when he played host to the envoys led by the Permanent Secretary of the Ministry of Foreign Affairs, Dunoma Umar Ahmed. ...
