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Court Orders INEC to Deregister ADC, Four Other Parties

KEY POINTS A Federal High Court in Abuja has ordered INEC to deregister the ADC, APP, Action Alliance, Accord Party and Zenith Labour Party. The plaintiffs argued that the parties failed to meet constitutional electoral performance requirements in the 2023 elections and subsequent by-elections. ...

June 16, 2026

News

Federal Government Resumes Mass Trial of Terrorism Suspects in Abuja

KEY POINTS The Federal Government has resumed a new phase of mass trials for suspected terrorists in Abuja involving multiple judges and courtrooms. Defendants are facing charges of terrorism, financing terrorism, and aiding insurgent activities, with legal aid provided to indigent suspects. Authorities say...

June 16, 2026

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Business

Afreximbank Backs Nigerian Trader’s Shift Into Gas Infrastructure

Afreximbank has provided $64 million in financing to support Levene Energy’s entry into Nigeria’s gas infrastructure through an Axxela-linked acquisition.

January 10, 2026

Business

CBN Sees Nigeria Petrol Prices Rising Toward ₦950 in 2026

Nigeria’s central bank says petrol prices could average about ₦950 per litre in 2026, reflecting oil price assumptions, exchange rate trends and refining capacity.

January 10, 2026

Business

Wale Tinubu Recalls Axxela Bet That Delivered Outsized Returns

Wale Tinubu recalls how a ₦1 million Axxela investment evolved into a $300 million-plus business, highlighting patience and long-term capital in Nigeria’s energy sector.

January 9, 2026

Business

Dangote’s Fortune Tops $30 Billion as 2026 Rally Begins

Aliko Dangote starts 2026 with a $410 million gain, lifting his net worth to $30.4 billion as cement shares extend a strong rally.

January 9, 2026

Business

Tinubu Hails NGX Crossing ₦100 Trillion as Investor Confidence Returns to Nigeria

KEY POINTS NGX market value has crossed ₦100 trillion, a historic first for Nigeria ...

January 9, 2026

Business

Togo, Niger, Benin Owe Nigeria $17.8 Million for Cross Border Power Supply

KEY POINTS Togo, Niger and Benin owe Nigeria a combined $17.8 million for electricity...

January 9, 2026

Business

Heirs Technologies Gains NRS Approval to Help Nigerian Firms Meet E Invoicing Rules

KEY POINTS Heirs Technologies is now accredited by the Nigeria Revenue Service as an...

January 8, 2026

Business

Standard Chartered Meets CBN N200bn Capital Rule Ahead of March 2026 Deadline

KEY POINTS Standard Chartered Bank Nigeria met the CBN N200bn capital requirement in November...

January 8, 2026

Business

SIFAX Sets Tech-Driven Push for 2026 Expansion

SIFAX Group is entering 2026 with a technology-led strategy focused on execution, efficiency and expanding its logistics and financial services footprint across West Africa.

January 8, 2026

Business

Dangote Refinery Warns of Steep Petrol Price Surge

Dangote Refinery says petrol prices could hit ₦1,400 per litre without domestic refining, warning that heavy import reliance leaves Nigeria exposed to sharp fuel cost swings.

January 8, 2026

Business

Nigeria’s New Tax Regime Spares Bank Balances, says CITN

Nigeria’s new tax regime does not tax bank balances, applying only limited stamp duty on transfers while expanding protections for low-income earners, officials say.

January 7, 2026

Business

AA Rano Unveils Nigeria’s First Unmanned Fuel Stations

AA Rano is introducing Nigeria’s first automated fuel stations, enabling 24-hour self-service fueling and digital payments through locally developed technology.

January 7, 2026