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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
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Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.

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No Nigerian killed in S’Africa protests, Ojukwu says

Foreign Affairs Minister Bianca Odumegwu-Ojukwu says the recent anti-foreigner protests in South Africa claimed no Nigerian lives, though two citizens died in separate, unrelated incidents.
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Nigeria’s Economy Shows Strong Recovery After Years of Slow Growth

KEY POINTS Nigeria’s economy grew strongly between 2024 and 2025, marking its best performance...
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Kwara South Group Criticises Aid to Fulani Farmers Amid Rising Insecurity

KEY POINTS Kwara South Development Forum criticised the distribution of farm inputs to Fulani...
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Plateau Leaders Accuse Soldiers of Attacking Civilians and Destroying Homes in Mangu

KEY POINTS Plateau residents and Christian leaders accused soldiers of attacking civilians and destroying...
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Nigeria Calls in South African Envoy Over Attacks on Nigerians

KEY POINTS Nigeria summoned South Africa’s envoy over reported attacks on Nigerians during anti-foreigner...
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Plateau Youth Group Raises Alarm After Attack on Traditional Ruler’s Convoy

KEY POINTS A youth group condemned the reported attack on a Plateau monarch’s convoy...
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Tinubu Sets Off on France, Kenya, Rwanda Trip to Boost Investment and Partnerships

KEY POINTS President Tinubu will visit France, Kenya, and Rwanda from May 2, 2026. ...
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UNN Accused of Detaining Journalist Over Report on Bad Hostel Conditions

KEY POINTS A journalist was detained at UNN while reporting on poor hostel conditions. ...
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Army Admits Gaps in Story as Family Rejects ‘Crossfire’ Claim in NYSC Member’s Death

KEY POINTS A NYSC member was killed in Abuja, with the army first blaming...
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FG presses pre-2004 civil servants on pension verification

PenCom and the head of the civil service are pressing pre-2004 federal civil servants to complete a one-time online verification for their accrued pension rights.
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Waltersmith doubles refining capacity to 10,000 bpd

Abdulrazaq Isa's Waltersmith Petroman Oil has doubled its refining capacity to 10,000 barrels per day after completing a Phase 2 expansion in Imo State.
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Magaji urges FG to form farmer-herder prevention panel

AFAN President Mohammed Magaji has urged the Federal Government to set up a national committee to prevent farmer-herder clashes before they erupt across rural Nigeria.
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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
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Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.