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Caverton Q4 Revenue Slides Sharply as Losses Narrow Slightly

KEY POINTS Caverton’s fourth-quarter revenue fell to 3.74 billion naira from 13.11 billion naira in Q4 2024. Net loss narrowed slightly to 7.31 billion naira, with loss per share improving. Results reflect ongoing volatility and structural pressures in offshore logistics tied to oil and...
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Ogoni Group Demands Probe Into Alleged $300m Compensation Fund

KEY POINTS Ogoni group demands investigation into alleged diversion of a 300 million dollars compensation fund meant for community development. Peaceful protest held in Bori, with calls to stop alleged illegal oil exploration in Lekuma communities. Group threatens wider protests and issues 14-day ultimatum...

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Aisha Buhari: The Cabal Turned Buhari Against Me, Disrupted His Health Routine

Aisha Buhari claims aides turned her late husband against her and disrupted his nutrition, worsening his health while in office.
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Peter Obi: 80% Youth Unemployment Shows Leaders Have Failed Nigeria

Key Points Peter Obi links Nigeria’s 80% youth unemployment rate to leadership failure and...
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Workers Face Nigeria’s Worst Survival Crisis, NLC Says

Nigeria’s labour union says inflation, insecurity and weak wages have pushed workers into the harshest survival crisis the country has ever recorded
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CardinalStone Seeks $120 Million for West Africa SMEs

CardinalStone is raising a $120 million fund to invest in profitable SMEs across West Africa, betting on mid-market businesses as the region’s next growth engine
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Nigeria Pauses Sachet Alcohol Ban After SGF Directive

Nigeria has halted enforcement of the sachet alcohol ban after an SGF directive, pending consultations and a final government review.
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CBN Signals Higher Treasury Bill Rates After Bond Reset

Nigeria’s central bank prepares to lift Treasury bill rates after bond yields surge, signalling firmer monetary conditions and renewed focus on yield alignment.
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EEDC Blames Power Supply Drop on Gas Shortages

EEDC says gas constraints disrupted generation, forcing load shedding and reducing electricity supply across the South-East as grid operators work to restore stability.
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Trump Sues BBC for $10 Billion Over Edited Speech

Donald Trump sued the BBC for $10 billion, alleging an edited documentary misrepresented his January 6 speech and influenced the 2024 election
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Alakija Donates $23 Million Teaching Hospital to Osun University

Nigeria’s richest woman donates a $23 million teaching hospital to Osun State University, expanding medical training, specialist care, and healthcare infrastructure capacity
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Festive Season Pressure Sends Nigeria’s Inflation to Four-Month High

Nigeria’s November inflation climbed month-on-month as festive demand and insecurity lifted food prices, despite easing annual inflation trends.
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Dangote Lowers Petrol Prices, Fuel Importers Face Billions in Losses

Dangote’s petrol price cut has triggered a price war, cutting pump prices but causing huge losses for importers and fuel marketers.
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US Embassy Warns Nigerians of Permanent Bans Over Visa Fraud

The US Embassy in Abuja warns Nigerians that visa fraud, false claims or fake documents can result in permanent bans under US law.
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Business

Caverton Q4 Revenue Slides Sharply as Losses Narrow Slightly

KEY POINTS Caverton’s fourth-quarter revenue fell to 3.74 billion naira from 13.11 billion naira...
News

Ogoni Group Demands Probe Into Alleged $300m Compensation Fund

KEY POINTS Ogoni group demands investigation into alleged diversion of a 300 million dollars...
News

Abuja Singer Nanyah Dies After Snake Bite as Search for Anti-Venom Proves Unsuccessful

KEY POINTS Abuja-based singer Ifunanya “Nanyah” Nwangene died after a snake bite and difficulty...
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Nigerian Troops Kill Boko Haram Deputy Commander Abu Khalid, 10 Others in Borno Night Raid

KEY POINTS Nigerian troops killed Boko Haram deputy commander Abu Khalid and 10 other...

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