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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.

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Egbin Power Plant shuts after diver dies in pump accident

Egbin Power Plc has shut down its 1,320-megawatt plant after a contracted diver died during underwater pump repairs in the plant's lagoon water system.
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Tinubu Sacks NMDPRA CEO, Nominates Former Dangote Executive Rabiu Umar as Replacement

KEY POINTS Tinubu removed NMDPRA CEO Saidu Mohammed just four months after his appointment. ...
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PRP Welcomes Baba-Ahmed, Hails Move as Boost for National Renewal Agenda

KEY POINTS PRP has welcomed former Labour Party vice-presidential candidate Yusuf Datti Baba-Ahmed into...
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Violence Erupts in Niger Community Land Dispute as Armed Attack Leaves One Dead

KEY POINTS Armed attacks linked to a land dispute in Niger State left one...
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Bandits Kill Political Aspirant’s Brother in Katsina Night Attack

KEY POINTS Bandits killed the brother of a political aspirant during a night attack...
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Yobe Community Forced to Use Classroom as Hospital

KEY POINTS Lewe Primary Health Care centre in Yobe has been abandoned for over...
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Concern Grows as Social Media Critic ‘Justice Crack’ Goes Missing After Abuja Meeting

KEY POINTS Social media critic Justice Mark Chidiebere went missing in Abuja after attending...
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Labour Party Elects Nenadi Usman as National Chair Ahead of 2027 Elections

KEY POINTS Nenadi Usman has been elected as National Chairman of the Labour Party...
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Reps Approve Tinubu’s $516 Million Loan for Sokoto–Badagry Super Highway

KEY POINTS The House of Representatives approved President Tinubu’s $516.3 million loan request from...
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Tinubu Leads 2027 Race as Faleke Picks Up APC Presidential Nomination Form

KEY POINTS President Bola Tinubu is the first to obtain the APC presidential nomination...
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APC Aspirant Ajose Accuses Hamzat of Avoiding Primaries, Rejects Consensus Push

KEY POINTS Ajose rejects the APC’s consensus plan, insisting all aspirants must agree before...
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ISWAP Claims Deadly Attack on Adamawa Community That Killed Dozens

KEY POINTS ISWAP claimed responsibility for an attack in Adamawa that killed at least...
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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.