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...
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...
Nigeria’s finance minister says a joint security operation with the United States will strengthen stability, reassure investors and support continued economic growth.
Air Peace plans to move regional flights to daytime operations and expand Africa routes by early 2026 to improve connectivity and passenger convenience.
Folorunso Alakija says the $23 million teaching hospital she donated to Osun State University is a long-term investment in healthcare and medical education.
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.
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.
Chappal Energies closed $430 million in reserve-based loans, refinancing its Equinor Nigeria deal and strengthening long-term funding for African oil assets.
Nigeria’s sovereign wealth fund is evolving beyond savings, using capital and governance to fix structural gaps across healthcare, energy, innovation and housing.