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DSS Arraigns Ex-AGF Malami, Son Over Terrorism

KEY POINTS DSS has arraigned former AGF Abubakar Malami and his son on terrorism financing and illegal firearms possession charges. The defendants pleaded not guilty and were remanded in DSS custody after the court rejected their oral bail request. Malami is also facing separate...
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Court Shifts Ganduje Corruption Trial to April 15

KEY POINTS A Kano State High Court has adjourned the trial of former Kano State Governor Abdullahi Ganduje, his wife Hafsat Umar, their son Abdullahi Umar, and five other defendants to April 15 over alleged misappropriation and diversion of public funds. The defendants are...

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Business

Nigeria’s Crude Output Reaches 454 Million Barrels in Nine Months

Nigeria’s crude oil production reached 454.28 million barrels in nine months, driven by condensate output despite periodic disruptions and maintenance delays
Business

Foreign Investors Back Nigeria’s Reform-Driven Economic Outlook

Investors at a Washington forum back Nigeria’s economic reforms, citing stronger FX markets, record reserves, and sustainable growth targets.
Business

Stanbic IBTC Backs UAC’s Full Takeover of CHI Limited

Stanbic IBTC backs UAC’s CHI Limited acquisition in a landmark deal set to reshape Nigeria’s fast-moving consumer goods market.
Business

Transcorp Power Reports 38 Percent Revenue Jump

Transcorp Power posts 38 percent revenue growth and 17 percent profit rise, reflecting higher power generation, cost efficiency, and expanding asset base.
Business

Seplat Co-Founder Austin Avuru’s Stake Surges Past $200 Million

Austin Avuru’s Seplat stake climbs to $202 million as the energy firm’s shares rise 10%, lifting its market value to $2.4 billion.
Business

Peter Obi Slams “Inhumane” Demolitions, Urges Government

Peter Obi condemns inhumane demolitions across Nigeria, warning they worsen poverty and threaten the economic stability of millions.
Business

Abdul Samad Rabiu’s Net Worth Rises to $7.9 Billion

Abdul Samad Rabiu’s fortune climbs to $7.9 billion, lifted by the naira’s rebound and strong BUA Group performance.
Business

Afriland First Bank Wins Approval to Expand Across Central Africa

Afriland First Bank secures Cobac approval to expand into Congo, Chad, and the CAR, reinforcing its regional leadership and growth strategy.
Business

Tetracore Appoints Dayo Williams as MD to Boost Nigeria’s Gas and Clean Energy

Tetracore Energy Group has named Dayo Williams as Managing Director of its subsidiaries, strengthening the company's emphasis on domestic gas utilisation, the expansion of renewable energy, and regional energy transition, in alignment with Nigeria's industrialisation and energy security objectives
Business

TY Danjuma’s Family Office Narrows 2024 Loss

TY Danjuma’s family office narrowed its 2024 loss, keeping $114 million in assets while maintaining a cautious investment strategy.
Business

Sahara Group Targets 350,000-Barrel Output With New Oil Rigs

Sahara Group boosts oil production plans with new rigs, targeting 350,000 barrels daily under Tope Shonubi’s push for energy growth in Africa.
Business

Payaza Repays $13.9 Million Commercial Paper

Payaza completes $13.9 million repayment under its commercial paper plan, reinforcing investor trust and showing Nigeria’s fintech market maturity.
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DSS Arraigns Ex-AGF Malami, Son Over Terrorism

KEY POINTS DSS has arraigned former AGF Abubakar Malami and his son on terrorism...
News

Court Shifts Ganduje Corruption Trial to April 15

KEY POINTS A Kano State High Court has adjourned the trial of former Kano...
News

Senate Confirms Justice Joseph Oyewole as Supreme Court Justice

KEY POINTS Senate has confirmed Justice Joseph Oyewole as a Justice of the Supreme...
News

Senate Seeks Nationwide Emergency Response Framework After Abuja Singer’s Snakebite Death

KEY POINTS Senate urges FCTA and states to create coordinated emergency referral and response...

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