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EFCC Arraigns Lagos Business Executive Over Alleged $680,000 Fraud

KEY POINTS EFCC arraigned Olalekan Adewoye and his companies for allegedly defrauding a German firm of over $680,000 in construction materials. The defendant pleaded not guilty and was granted continued administrative bail with strict conditions including passport and property document surrender. The case is...
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JAMB Releases 2025 UTME Results, Withholds Nearly 40,000 Over Suspected Malpractice

KEY POINTS JAMB released results for over 1.9 million 2025 UTME candidates but withheld 39,834 due to suspected exam malpractice. Only 0.63% of candidates scored above 300, while 78% scored below 200, sparking concerns over education quality. 80 suspects are under investigation, and 50...

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Business

NNPCL to Sell Shares Ahead of IPO

The Nigerian National Petroleum Company Limited continues its IPO preparations through partner recruitment for both IPO readiness and investor relations support before its capital market listing.
Business

UBA’s $19 Million Travel Spend: Justifiable Growth or Executive Extravagance?

KEY POINTS UBA’s $19 million travel spend in 2024 more than doubled from 2023,...
Business

DMO Raises N271.2 Billion at March Bond Auction

DMO raised N271.2 billion in its March 2025 bond auction, with overwhelming demand for the nine-year bond and unchanged coupon rates.
Business

Aviation Workers to Close Airports on March 31 Over Assault

Key Points The aviation unions announced their intention to close airports starting March 31,...
Business

9mobile Refutes Shutdown Rumours, Pledges Improved Services

KEY POINTS 9mobile has dismissed the network shutdown speculations because these claims lack basis...
Business

Nigeria Attracts $14billion, €250million Foreign Investments

Nigeria secures $14bn from India and €250m from the Netherlands, with a 300% oversubscription on Eurobonds and strategic MOUs with ten countries.
Business

MTN Group Faces Profit Slump Amid Naira Devaluation and Sudan Conflict

KEY POINTS MTN Group’s headline earnings per share dropped by 69% due to the...
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How Nigeria Rejected Binance’s $5 million Offer for Gambaryan’s Release

Nigeria rejected Binance's $5 million offer for Tigran Gambaryan’s release, demanding more data and a fair settlement to resolve legal issues.
Business

Nigeria’s Inflation Rate Drops to 23.18% in February 2025

KEY POINTS  Nigeria’s inflation rate dropped to 23.18% in February 2025, down from 24.48%...
Business

BIPC to Open CNG Conversion Centre in Makurdi

BIPC is set to open a CNG conversion centre at its remodeled Makurdi petrol station, providing CNG refueling and vehicle conversion services for a cleaner, cost-effective fuel alternative.
Business

NANS Rejects Telecom Tariff Hike, Threatens Nationwide Protest

KEY POINTS The governing body NANS opposes the telephone-rate growth since it creates undue...
Business

Africa’s Second-Largest City Economy is Lagos

Lagos has become Africa’s second-largest city economy, with its GDP hitting $259 billion. The state projects continued growth amid economic reforms and infrastructure investments.
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EFCC Arraigns Lagos Business Executive Over Alleged $680,000 Fraud

KEY POINTS EFCC arraigned Olalekan Adewoye and his companies for allegedly defrauding a German...
News

JAMB Releases 2025 UTME Results, Withholds Nearly 40,000 Over Suspected Malpractice

KEY POINTS JAMB released results for over 1.9 million 2025 UTME candidates but withheld...
News

Atiku Faces Uncertainty Over PDP as 2027 Looms

Despite internal strife, PDP remains Atiku’s most viable path to Aso Rock.
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Leo XIV Becomes First American Pope With Global Vision

Pope Leo XIV, formerly Cardinal Robert Prevost of Chicago, has become the first American pope. His path to the papacy is one of devotion, humility, and global service.

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