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ADC Gains 10 Lawmakers as Wave of Defections Rocks House of Representatives Ahead of 2027

KEY POINTS ADC gained 10 lawmakers in the House of Representatives following defections from LP, PDP, and APC. Several other legislators switched to APC, Accord, LP, and APP across multiple states. Defecting lawmakers cited internal party crises as the main reason for their moves...
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Bauchi Governor Bala Mohammed Signals Possible Exit from PDP

KEY POINTS Bauchi Governor Bala Mohammed says he may leave the PDP, describing the party as “headless” amid internal crises. He met with ADC leaders and set up committees to evaluate options, including possible engagement with the APC. ADC’s Babachir Lawal welcomed the talks,...

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Business

Dangote Signs $400 Million XCMG Deal to Expand Refinery

Dangote signs a $400 million equipment deal with XCMG to accelerate refinery expansion and boost petrochemical and fertilizer production capacity in Nigeria.
Business

Flutterwave CEO Backs Terra Industries in $22 Million Funding

Terra Industries funding hits $34 million as Flutterwave CEO Olugbenga Agboola backs the Nigerian defense tech startup’s African and Saudi expansion plans.
Business

Abdul Samad Rabiu Climbs to Africa’s Fourth Richest

Abdul Samad Rabiu net worth reaches $11.3 billion, lifting the Nigerian industrialist to fourth richest in Africa on the Bloomberg Billionaires Index.
Business

Globacom Pledges N1 Billion to Lagos Security Trust Fund

Globacom commits N1 billion to the Lagos State Security Trust Fund to support surveillance expansion and emergency response improvements in Nigeria’s largest city.
Business

Eno Defends Akwa Ibom Oil Wells Claim

Governor Umo Eno defends Akwa Ibom oil wells ownership, citing Supreme Court rulings amid renewed Cross River revenue claims.
Business

Tinubu’s Reforms End FX Scarcity, Boost Investor Confidence — Elumelu

KEY POINTS Elumelu says Tinubu’s reforms and central bank policies have effectively ended Nigeria’s...
Business

Nigeria’s Rising Exports Boost Naira Stability

KEY POINTS Nigeria’s exports rose to 44.06 billion dollars in the first nine months...
Business

Conoil Profit Slumps 77 Percent as Finance Costs Surge

Conoil profit slump sees 77 percent drop in earnings as higher borrowing costs and weaker fuel sales squeeze margins in Nigeria’s retail fuel market.
Business

Otedola Applauds Dangote Refinery at Full Capacity

Femi Otedola hails Dangote Refinery full capacity milestone, saying 650,000 bpd output could transform Nigeria’s fuel supply and forex stability.
Business

Nigeria’s Capital Importation Surges 75% to $21 Billion in First Ten Months of 2025

KEY POINTS Nigeria’s capital importation soared to $21 billion in the first ten months...
Business

Aiteo Breaks New Ground in Libya as Benedict Peters Expands African Energy Footprint

KEY POINTS Aiteo has won a rare oil exploration license in Libya’s Murzuq Basin...
Business

UTM Offshore Targets 2026 Start for Nigeria FLNG Project

UTM Offshore says construction of the Nigeria FLNG project will start in 2026, unlocking offshore gas reserves with $5 billion in financing secured.
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Politics

ADC Gains 10 Lawmakers as Wave of Defections Rocks House of Representatives Ahead of 2027

KEY POINTS ADC gained 10 lawmakers in the House of Representatives following defections from...
News

Bauchi Governor Bala Mohammed Signals Possible Exit from PDP

KEY POINTS Bauchi Governor Bala Mohammed says he may leave the PDP, describing the...
News

Senate Approves Tinubu’s $6bn External Loan Request Within Hours

KEY POINTS The Senate approved President Tinubu’s $6 billion external loan request within three...
News

El-Rufai Returns to Kaduna Court After Mother’s Burial as Bail Hearing Resumes

KEY POINTS Nasir El-Rufai returned to the Kaduna State High Court after being temporarily...

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