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Dangote Loses $549 Million in Market Rout

Dangote net worth dropped below $29 billion after a $549 million cement market loss, though private assets continue to underpin his fortune.dangote-net-worth-market-loss-2025

Nigeria Faces Uproar Over Plan to Raise Politicians’ Pay

Nigeria political salary hike plan sparks fierce backlash as parties, civic groups, and religious leaders call it provocative and insensitive amid poverty and inflation.

Ooni’s Camp Dismisses Alaafin Ultimatum as Empty Threat

Ooni’s camp dismisses the Alaafin ultimatum as an empty threat, framing it as a relic of Yoruba monarchy’s fading influence.

Bandit Leader Bello Turji Signals Willingness to Lay Down Arms

Bello Turji signals willingness to surrender, but military denial raises doubts over Zamfara peace talks and fragile reconciliation efforts

Ex-NNPCL Spokesman Urges Tax Relief for Media

Femi Soneye urges government to provide tax relief and subsidies to sustain Nigerian media houses amid rising economic pressures.

Nenadi Usman Unveils Reform Agenda for Labour Party

Nenadi Usman unveils Labour Party reforms to rebuild internal structures, strengthen grassroots ties, and reposition the party ahead of Nigeria’s 2027 elections.

PenCom Blacklists Seven Mortgage Banks Over Housing Loan Breach

PenCom bars seven mortgage banks from Nigeria’s pension-backed housing loan scheme over compliance failures in equity contribution approvals

Oyebanji Reinstates Olatunbosun as Information Commissioner

Oyebanji recalls Olatunbosun as information commissioner in Ekiti, a week after cabinet dissolution, signaling stability and continuity in governance.

Ogun Urban Planners Warn of Strain from Population Boom

Ogun faces a population boom that outpaces infrastructure, leaving planners worried about strained towns, worsening traffic, and growing risks of urban collapse.

UN Ranks Nigeria 8th in Africa on Industrialisation Index

According to the UN Industrialisation Index, Nigeria is the 8th most industrialized country in Africa. Experts say that reforms in the oil and gas sectors are needed to boost manufacturing growth.

Shipping Snag Delays Dangote’s 4,000 CNG Truck Rollout

Dangote’s CNG truck rollout has been delayed by shipping bottlenecks from China, forcing a staggered delivery and sparking industry-wide negotiations

Umahi Says South-East Governors Back Tinubu in 2027

David Umahi insists all South-East governors support Tinubu’s 2027 bid, while positioning himself for the presidency when it rotates to the region.

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