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Court Finds Former Power Minister Saleh Mamman Guilty in N33.8bn Fraud Case

KEY POINTS Former Power Minister Saleh Mamman was convicted on 12 counts of fraud and money laundering involving ₦33.8 billion. The court found that funds meant for major hydroelectric power projects were diverted through Bureau de Change operators. Mamman was absent during judgment, leading...

May 8, 2026

News

Tinubu Reassigns Fani-Kayode to South Africa After Germany Posting Controversy

KEY POINTS Femi Fani-Kayode has been reassigned from Germany to South Africa as Nigeria’s High Commissioner. He denied claims that Germany rejected his appointment, saying he personally requested the redeployment. Fani-Kayode threatened legal action against media outlets that reported the alleged rejection story. Former Aviation...

May 8, 2026

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Business

Nigeria Assures Investors About Market After US Backed Strike

Nigeria’s finance minister says a joint security operation with the United States will strengthen stability, reassure investors and support continued economic growth.

December 29, 2025

Business

Air Peace To Shift Regional Flights To Daytime Operations In 2026

Air Peace plans to move regional flights to daytime operations and expand Africa routes by early 2026 to improve connectivity and passenger convenience.

December 27, 2025

Business

Anthony Joshua’s Payday Brings Massive Tax hit after Miami Fight

Anthony Joshua’s biggest fight payday delivered global headlines and a huge tax bill, cutting deep into his earnings from the Miami bout.

December 24, 2025

Business

Motorists Urge Dangote Refinery to Expand Cheap Petrol Outlets

Drivers in Abuja urge Dangote Refinery to expand affordable petrol outlets after limited MRS stations hinder access to N739 per litre fuel.

December 24, 2025

Business

Alakija Gives $23 Million Teaching Hospital to Osun University

Folorunso Alakija says the $23 million teaching hospital she donated to Osun State University is a long-term investment in healthcare and medical education.

December 23, 2025

Business

Zenith Bank Rally Lifts Jim Ovia’s Stake by $13 Million

A fresh rally in Zenith Bank shares has added more than $13 million to Jim Ovia’s stake, underlining renewed confidence in Nigeria’s banking sector.

December 23, 2025

Business

Ladi Jadesimi’s Aradel Stake Loses $5.9 Million as Shares Slide

A recent decline in Aradel Holdings Plc shares shaved nearly $6 million off the market value of chairman Ladi Jadesimi’s stake, highlighting shifting sentiment in Nigeria’s energy stocks.

December 22, 2025

Business

Flutterwave CEO Signals Path to Profit After Cost Reset

KEY POINTS Flutterwave profitability is now in sight after cost cuts and margin gains. ...

December 22, 2025

Business

Chappal Energies Secures $430 Million Financing to Refinance

Chappal Energies closed $430 million in reserve-based loans, refinancing its Equinor Nigeria deal and strengthening long-term funding for African oil assets.

December 20, 2025

Business

FCMB Wins Shareholder Backing for $274 Million Capital Raise

FCMB shareholders approved a major capital raise, strengthening buffers as Nigeria’s banking regulator tightens requirements ahead of 2026.

December 20, 2025

Business

Nigerian-Linked Investor Battles Zambia Regulator Over Stake

A Nigerian-linked firm says a settled share purchase vanished after Zambia’s central bank refused recognition and liquidated the lender.

December 19, 2025

Business

NSIA Redefines Mandate With Systems-Building Push

Nigeria’s sovereign wealth fund is evolving beyond savings, using capital and governance to fix structural gaps across healthcare, energy, innovation and housing.

December 19, 2025