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Hamzat Wins Lagos APC Governorship Ticket With Over 657,000 Votes

KEY POINTS Lagos Deputy Governor Kadri Obafemi Hamzat won the APC governorship primary with 657,917 votes ahead of the 2027 election. The APC described the exercise across Lagos’ 245 wards as peaceful, transparent, and credible. Hamzat thanked President Bola Tinubu and party leaders for...
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Court Extends Deadline for Political Parties, Cancels INEC May 10 Directive

KEY POINTS The Federal High Court nullified INEC’s May 10 deadline for submission of party membership registers ahead of the 2027 elections. Justice M.G. Umar ruled that INEC cannot shorten the 120-day timeline provided in the Electoral Act 2026. Political parties now have until...

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Dangote unveils multi-billion-dollar Olokola deep seaport on 10,000 hectares

Aliko Dangote's group has begun preliminary work on a 10,000-hectare deep seaport at Olokola, targeting exports, fertilizer shipments and Atlantic trade.
Business

AfDB approves $200m BoI facility to boost Nigeria’s industrial sector

AfDB approved a $200 million facility for Nigeria's Bank of Industry to boost SMEs, manufacturing and green industrialization, with women-led and youth businesses prioritized.
Business

Dangote lifts Ethiopia investment to $4billion, pledges African food security

Aliko Dangote raised his Ethiopia investment from $2.5 billion to over $4 billion, pledging that fertilizer plants will deliver food security across Africa.
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Nigeria’s Inflation Rate Climbs to 15.69% in April Despite Slower Food Price Growth

KEY POINTS Nigeria’s inflation rate rose slightly to 15.69% in April 2026 after the...
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Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
Business

Forex shock will swallow tariff cut on car prices, stakeholders warn

Nigerian car prices will not drop despite FG's tariff cut from 70 to 40 percent because forex, logistics and port costs dominate vehicle landing prices.
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LPG price set to hit N1,500/kg as depot stocks dry up

Nigerian cooking gas could rise to N1,500 per kilogram from N1,300 as depot stocks thin and only Dangote Refinery, Ardova and Navgas have supplies.
Business

Nigerian brewers post 117 percent profit jump in 2025

Nigeria's top four brewers grew combined profit 117 percent to N317.2 billion in 2025 on N2.8 trillion in revenue, driven by aggressive product re-pricing.
Business

Otedola scores N49.6bn paper gain as FirstHoldCo Q1 profit jumps 72 percent

Femi Otedola added N49.6 billion to his paper wealth as FirstHoldCo's stock jumped 10 percent on a 72 percent leap in Q1 profit.
Business

How Otedola’s bad-loan cleanup powered FirstHoldCo to $233m Q1 profit

FirstHoldCo's Q1 2026 profit jumped 72 percent to N321 billion, vindicating Femi Otedola's N830 billion bad-loan cleanup and lifting the bank above GTCO and Access.
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Sunbeth’s Owoyemi unveils cocoa, cashew plants for 2027

Olasunkanmi Owoyemi's Sunbeth Global Concepts will commission a 70,000-tonne cocoa plant and 80,000-tonne cashew facility in March 2027, deepening Nigeria's agro-processing capacity.
Business

Shell Q1 profit jumps 19 percent on Middle East war prices

Wael Sawan's Shell posted a 19 percent jump in first-quarter net profit to $5.69 billion as the Middle East war pushed global oil prices higher.
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Politics

Hamzat Wins Lagos APC Governorship Ticket With Over 657,000 Votes

KEY POINTS Lagos Deputy Governor Kadri Obafemi Hamzat won the APC governorship primary with...
News

Court Extends Deadline for Political Parties, Cancels INEC May 10 Directive

KEY POINTS The Federal High Court nullified INEC’s May 10 deadline for submission of...
News

Lagos Judiciary Mourns as Justice Josephine Oyefeso Dies at 65

KEY POINTS Lagos State High Court judge Josephine Efunkumbi Oyefeso has died at the...
News

APC Postpones Kwara Governorship Primary as Consensus Emerges for Seriki

KEY POINTS APC in Kwara State postponed its governorship primary from Thursday to Friday,...