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Bauchi Government Mourns Permanent Secretary Who Died During 2026 Hajj in Saudi Arabia

KEY POINTS Shehu Yahaya Jalam died in Makkah, Saudi Arabia, after a brief illness while participating in the 2026 Hajj pilgrimage. The Bauchi State Government described him as a loyal and dedicated public servant who contributed significantly to state operations and Hajj coordination. Funeral...

Ex-Air Chief Sadique Abubakar Quits Politics, Leaves Party Membership Behind

KEY POINTS Former Chief of Air Staff Sadique Baba Abubakar has announced his full exit from active politics and political party membership. He declared he will no longer contest elections, describing Nigerian politics as “murky waters,” but pledged to continue supporting citizens informally. 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.

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.

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.

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.

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.

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.

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.

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.

Access Holdings: BOFIA rule, not earnings, paused dividend

Access Holdings said a BOFIA limit on its foreign banking subsidiaries, not weak earnings, paused 2025 dividend payments; CEO Innocent Ike pledged a resumption.

Dangote cement exports jump 71.6 percent, Q1 profit N421bn

Dangote's cement business posted a 71.6 percent jump in exports and 35 percent profit surge in Q1 2026, lifting African capacity to 55 million tonnes.

Elumelu firms link with MoMo PSB for cardless payments

United Bank for Africa, Heirs Holdings-backed Redtech and MoMo PSB launched a cardless payment partnership, enabling wallet payments across 55,000 RedPay terminals nationwide.

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.

Latest articles

Bauchi Government Mourns Permanent Secretary Who Died During 2026 Hajj in Saudi Arabia

KEY POINTS Shehu Yahaya Jalam died in Makkah, Saudi Arabia, after a brief illness...

Ex-Air Chief Sadique Abubakar Quits Politics, Leaves Party Membership Behind

KEY POINTS Former Chief of Air Staff Sadique Baba Abubakar has announced his full...

APC Senatorial Primaries: Ajimobi’s Brother, Kola-Daisi, Others Disqualified in Oyo Screening Shake-Up

KEY POINTS The APC in Oyo State disqualified several senatorial aspirants, including Ajimobi Wasiu...

Lagos Speaker Obasa Wins APC House of Reps Ticket Unopposed for Agege Seat

KEY POINTS Mudashiru Obasa secured the APC House of Representatives ticket for Agege federal...