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Army Confirms ISWAP Attack on Magumeri Base, Says Two Soldiers Were Killed

KEY POINTS The Nigerian Army confirmed that ISWAP fighters attacked the Magumeri military base in Borno State. The military said two soldiers were killed, while several terrorists were allegedly neutralised during the clash. Security sources claimed the insurgents overwhelmed parts of the base and...

May 8, 2026

News

Outrage in Delta Community as Residents Accuse Police of Freeing Murder Suspect

KEY POINTS Residents of Ewulu community accused police of releasing a murder suspect linked to a deadly land dispute. The suspect, Emeka Anukwu, allegedly shot and killed a community member during a meeting over alleged fraudulent land sales. Community members expressed outrage after the...

May 8, 2026

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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.

May 7, 2026

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.

May 6, 2026

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.

May 6, 2026

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.

May 4, 2026

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.

May 4, 2026

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.

April 30, 2026

Business

Dangote crosses $30 billion on Forbes list for first time

Forbes has valued Aliko Dangote at $30.3 billion for the first time as his now operational Lagos refinery closes the gap with Bloomberg's wealth tracker.

April 29, 2026

Business

3MTT Impact Challenge Announces Winners Driving Real Solutions Across Nigeria

Nigeria's 3MTT programme has announced winners of its inaugural National Impact Challenge, spotlighting digital fellows solving real-world problems across all 36 states.

April 28, 2026

Business

Rabiu tells Tutu Foundation fellows Africa’s greatness is built one day at a time

BUA Group founder Abdul Samad Rabiu urged young African leaders at the Tutu Legacy Foundation in Cape Town to build Africa's greatness intentionally.

April 28, 2026

Business

Nigerian investors gain N5.5 trillion as banks, industrial stocks rally

KEY POINTS Nigerian stock investors gained 5.5 trillion naira last week as the All-Share...

April 27, 2026

Business

Dangote offers to build East Africa a refinery matching his Lagos plant

Aliko Dangote has offered to build a refinery in Tanzania matching his 650,000-barrel-per-day Lagos plant, with Kenya and Uganda already in talks on the project.

April 24, 2026

Business

Otedola’s FirstHoldCo surges 32 percent to lead Nigerian bank stocks

Femi Otedola's FirstHoldCo has surged 32 percent in a month to leave GTCO, Zenith, Access and UBA behind as Nigeria's best-performing tier-one bank stock.

April 23, 2026