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INEC Sets February 21 for Rivers Bye Elections

KEY POINTS • INEC schedules Rivers State bye elections for February 21, 2026• Vacancies arose from a resignation and a death in the state assembly• Polls follow months of political crisis and federal intervention Nigeria’s electoral commission has fixed February 21, 2026 as the date for...

Rivers Lawmakers Loyal to Wike Defect to APC in Major Shake Up

KEY POINTS • Two Rivers senators defect from PDP to APC during Senate plenary• Six Rivers House of Representatives members also join the ruling party• Senate leaders dismiss fears of Nigeria sliding into a one party systeM Nigeria’s ruling party tightened its grip on the National...

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Nigeria Secures $500 Million for Solar Manufacturing

Nigeria secures $500 million to boost solar manufacturing, aiming to expand renewable capacity and export locally made panels across Africa

Otedola Donates ₦4bn for Augustine University Engineering Block

Femi Otedola donates ₦4 billion to build a state-of-the-art electrical and electronics engineering block at Augustine University.

GTCO Q3 Profit Before Tax Rises 39 Percent to N299.9 Billion

GTCO reports a 39 percent year-on-year rise in Q3 profit before tax to N299.9 billion, driven by solid core income growth and strong asset performance.

OpenAI Plans $1 Trillion IPO, Expands Rapidly

OpenAI, with Adebayo Ogunlesi on its board, is reportedly preparing for a $1 trillion IPO by 2026 to finance global AI expansion.

Abubakar Isa Appeals Court Ruling Over Teleology Shares

Alhaji Abubakar Isa challenges the Federal High Court’s ruling over the alleged illegal transfer of 43 million Teleology shares.

Access Holdings Profit Falls 23 Percent Despite Rise in Earnings

Access Holdings reports higher revenue but a 23 percent profit fall in H1 2025, hit by weaker forex gains and rising impairment charges.

Abdul Samad Rabiu Nears $10 Billion Mark as BUA Stocks Surge

Abdul Samad Rabiu’s fortune climbs to $9.2 billion, powered by soaring BUA Foods and BUA Cement shares, rising dividends, and a stronger naira.

Nigeria Imposes $11.5 Passenger Security Levy Starting December

Nigeria’s NCAA introduces a $11.5 APIS levy from December 1, adding to air travel costs and drawing industry criticism over multiple taxation.

NIPCO to Acquire 19 Percent Stake in Savannah Energy

NIPCO Plc will acquire a 19 percent stake in Savannah Energy Plc, strengthening the Kansagra family’s position in Nigeria’s growing gas sector.

Aradel Raises ND Western Stake to 81.7 Percent

Aradel boosts its stake in ND Western to 81.67 percent, reinforcing its upstream dominance and expanding its role in Nigeria’s oil and gas industry.

Nigeria Approves $1 Billion to Modernize Lagos Seaports

Nigeria has approved $1 billion to modernize the Apapa and Tin Can Island ports, a major step in its maritime reform plan led by the Chagoury Group’s ITB Nigeria.

Presco Profit Doubles on Strong Palm Oil Demand

Presco Plc reported over 100 percent profit growth in nine months, driven by strong palm oil demand, higher output, and improved efficiency.

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INEC Sets February 21 for Rivers Bye Elections

KEY POINTS • INEC schedules Rivers State bye elections for February 21, 2026• Vacancies arose...

Rivers Lawmakers Loyal to Wike Defect to APC in Major Shake Up

KEY POINTS • Two Rivers senators defect from PDP to APC during Senate plenary• Six...

Economic Hardship Debate Deepens As Radda Says FG Controls 52% Of Federation Revenue

Governor Dikko Radda says the Federal Government controls most federation revenue and should share responsibility for Nigeria’s economic hardship.

NBA, Atiku Call For Suspension Of New Tax Laws Over Alleged Gazette Alterations

The NBA and Atiku Abubakar are demanding suspension of Nigeria’s new tax laws over alleged post-passage alterations.