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Tinubu Government Orders Urgent Repairs on Cracking ₦16.7bn Mokwa Bridge Project After Public Outcry

KEY POINTS • Federal Government reportedly ordered emergency repairs after cracks appeared on the newly reconstructed Mokwa bridge project in Niger State. • Residents raised concerns over the quality of the project, alleging that a culvert was built instead of the promised 10-span bridge. • Contractors returned...
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Soldier Allegedly Shoots Senior Colleague Dead After Argument in Kano

KEY POINTS • A Nigerian soldier allegedly shot and killed a senior colleague during an altercation while both were on guard duty in Kano State. • Military sources said the suspect had recently returned from fighting Boko Haram insurgents in Borno State. • The incident has renewed...

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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.
Business

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.
Business

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.
Business

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.
Business

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.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
Business

Dangote pledges 95,000 jobs as refinery scales to 1.4m bpd

Aliko Dangote has pledged 95,000 skilled jobs as his Lagos refinery scales from 650,000 to 1.4 million barrels per day, set to overtake India's Jamnagar.
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Tinubu Government Orders Urgent Repairs on Cracking ₦16.7bn Mokwa Bridge Project After Public Outcry

KEY POINTS • Federal Government reportedly ordered emergency repairs after cracks appeared on the newly...
News

Soldier Allegedly Shoots Senior Colleague Dead After Argument in Kano

KEY POINTS • A Nigerian soldier allegedly shot and killed a senior colleague during an...
News

Gunmen Kill Two Customs Officers in Kebbi Community Attack

KEY POINTS • Two customs officers were killed during an attack by suspected Lakurawa terrorists...
News

Many Injured as Gunmen Attack Communities Near FUTO in Imo State

KEY POINTS • Several residents were injured after gunmen attacked communities in Owerri West Local...