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Business
...NIMASA has done well — Comrade Bunu The Maritime Workers Union of Nigeria (MWUN) has thrown its full weight behind Nigeria’s campaign to rejoin Category C of the International Maritime Organization (IMO) Council, praising the Nigerian Maritime Administration and Safety Agency (NIMASA) for its transformative strides in maritime safety and governance. In a statement released ...
Energy
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a profit after tax of N748 billion and total revenue of N5.891 trillion for April 2025, according to its latest monthly performance report released on Thursday. The state-owned energy firm confirmed that it made statutory payments totalling N4.225 trillion between January and March this year. ...
News
The Managing Director of National Inland Waterways Authority (NIWA) Mr Bola Oyebamiji FCIB, has bagged the "Icon of Diligence in Service Award by the Exposure Media at the 2025 annual lecture and award presentation of Exposure Media in commemoration with the 26 years of un-interrupted democracy in Nigeria held at the Nigeria National Merit Award ...
Energy
...NSCDC, TCN collaborate to address threats to power installations in Jigawa The Transmission Company of Nigeria (TCN) has commenced the construction of a turn-in-turn-out (TITO) connection along the 330kV Jos–Bauchi–Gombe transmission line. In a statement issued on Wednesday in Abuja by Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs, the project was intended to connect ...
Capital Market
In furtherance of its long-standing commitment to education and youth development, leading financial institution, Fidelity Bank Plc, has donated a wide range of relief and academic materials to Government Junior Secondary School, Elekahia, Port Harcourt, Rivers State. The donation was made possible by the unwavering dedication and generosity of a class of newly inducted staff, ...
Business
The Nigerian Railway Corporation (NRC) has pledged to take serious actions against illegal mining activities causing damage to rail tracks. The Managing Director of the corporation, Mr Kayode Opeifa, gave the warning while speaking with newsmen on Wednesday in Jebba, on the sidelines of an inspection tour of rail tracks in Mokwa, Niger. The NRC ...
News
The Office of the Attorney General of the Federation (AGF) and Minister of Justice has officially clarified the reasons behind the discontinuation of criminal charges against Dr. Nneka Onyeali-Ikpe, the Managing Director and Chief Executive Officer of Fidelity Bank Plc. In a statement issued by Kamarudeen Ogundele, Special Assistant to the President on Communication and ...
News
The Central Bank of Nigeria (CBN) has denied reports claiming it extended the recapitalisation deadline for Bureau De Change (BDC) operators to 31 December. In a statement on Wednesday, Mrs Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN, described the report as false and misleading, advising the public to disregard it. She ...
Energy
Amid ongoing conversations around a proposed crude-for-loan arrangement with Saudi oil giant Aramco, the federal government has said that it remains committed to deploying innovative and fiscally responsible financing strategies to optimise Nigeria’s oil assets, enhance external liquidity, and strengthen macroeconomic stability. In a statement issued on Wednesday, the Federal Ministry of Finance addressed recent ...
News
…I did not disrupt Air Peace flight operations — Oshiomhole A heated confrontation between Nigerian Senator Adams Oshiomhole and Air Peace disrupted passenger movement at Murtala Muhammed International Airport, Lagos, on Wednesday, following a dispute over a missed flight. The clash, which occurred at Terminal 1, saw tensions escalate after the senator was denied boarding, ...
News
The Managing Director of National Inland Waterways Authority (NIWA) Mr Bola Oyebamiji FCIB, has bagged the "Icon of Diligence in Service Award by the Exposure Media at the 2025 annual lecture and award presentation of Exposure Media in commemoration with the 26 years of un-interrupted democracy in Nigeria held at the Nigeria National Merit Award ...
Money market
African Export-Import Bank (Afreximbank) on Tuesday issued a statement on a recent Fitch Ratings report, saying it operates under very high standards of financial transparency. “The Bank’s financial reporting strictly adheres to International Financial Reporting Standards (IFRS), including IFRS 9. This standard governs the classification and staging of loan performance, including the treatment of non-performing ...
Money market
The Central Bank of Nigeria (CBN) has extended the recapitalisation deadline of the Bureau De Change (BDC) operators to December 31, 2025. This was discovered in a group chart of the BDCs, following the expiration of the second deadline for the recapitalisation exercise given by the CBN on June 3, 2025. The CBN had initially ...
Business
The Federal Government is exploring increased cooperation in blue economy development, marine conservation, and capacity building across West and Central Africa. The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola stated this on Monday in a statement signed by his Special Adviser, Bolaji Akinola. Recall that Oyetola is representing President Bola Tinubu at the United ...
Business
The Nigerian Railway Corporation (NRC) has said that the rail transport on Warri-Itakpe (WITS) corridor is safe and operational. The Ag. Deputy Director, Public Relations, NRC, Mr Callistus Unyimadu, said this, in a statement , on Monday in Lagos. “The attention of the NRC has been drawn to a widely circulated social media massage warning ...
Breaking News
The Nigerian Railway Corporation (NRC) has said that the rail transport on Warri-Itakpe (WITS) corridor is safe and operational. The Ag. Deputy Director, Public Relations, NRC, Mr Callistus Unyimadu, said this, in a statement, on Monday in Lagos. “The attention of the NRC has been drawn to a widely circulated social media massage warning the ...
Maritime
Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, joined world leaders and global dignitaries on Sunday 8th June 2025 at the Blue Economy and Finance Forum in Monaco. The special event, held ahead of the United Nations (UN) Oceans Conference in Nice, France, was hosted by Prince Albert II of Monaco. Held at the ...
Breaking News
The Federal Government has announced that the elimination of petrol subsidies under President Bola Tinubu’s administration has saved the country over $84 billion in just two years, paving the way for sweeping infrastructure development and financial recovery. This was revealed in a newly released policy brief titled “Two Years Later: Key Benefits of Subsidy Removal” ...
Breaking News
In a decisive push to strengthen Nigeria’s domestic economy and curb reliance on foreign goods, President Bola Ahmed Tinubu, in May 2025, signed into effect the Renewed Hope Nigeria First policy, a mandate requiring all federal Ministries, Departments, and Agencies (MDAs) to prioritize Nigerian-made goods and services in public procurement. Described by officials as a ...
Breaking News
The Nigerian Railway Corporation (NRC) has announced an increasing demand for its services following the introduction of an extra trip on Thursday, ahead of the Sallah celebration. The Managing Director of NRC, Dr Kayode Opeifa, said this in a statement made available to newsmen in Lagos. The statement was signed by Mr Callistus Unyimadu, Acting ...