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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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Nigeria Military to Court-Martial Officers Over Alleged Coup Plot

Nigeria’s Defence Headquarters will court-martial 16 officers after an internal probe found cases to answer, including allegations linked to coup plotting.
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CBN Grants National Licenses to Major Fintech Players

The Central Bank of Nigeria has upgraded major fintechs to national licenses, formalising nationwide operations and imposing higher capital and compliance standards.
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Anambra Shuts Onitsha Main Market Over Sit-At-Home Defiance

Anambra State shut Onitsha Main Market for one week after traders defied the Monday sit-at-home order, escalating efforts to restore normal economic activity.
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NNPC, Chevron Confirm Hydrocarbon Discovery at Awodi-07 Well

NNPC confirmed hydrocarbons at Chevron Nigeria’s Awodi-07 well, calling the offshore Niger Delta discovery a milestone for their joint venture and Nigeria’s energy strategy.
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Customs Posts N7.28 Trillion Revenue in 2025, Exceeding Target

Customs Service said revenue reached N7.28 trillion in 2025, exceeding targets as reforms, digitalisation and stronger compliance lifted non-oil government income.
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Kano Governor Abba Yusuf Resigns from NNPP

KEY POINTS Kano Governor Abba Kabir Yusuf has formally resigned from the NNPP, citing...
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Peter Obi Faces Ruling Party Pressure As 2027 Race Nears

Ruling party steps up moves that may block Peter Obi’s path to 2027 as courts and party crises deepen nationwide.
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Tinubu Reviews Envoy Postings After Name Mix-up, Confirms Three Diplomatic Appointments

KEY POINTS President Tinubu has approved the posting of three ambassador-designates to France, the...
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Atiku Accuses Senate of Stalling Electoral Act Amendments, Warns 2027 Elections Are at Risk

KEY POINTS Atiku Abubakar has accused the Senate of delaying amendments to the Electoral...
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Rivers Chief Judge Declines Assembly Request to Probe Governor Fubara

KEY POINTS Rivers Chief Judge Simeon Amadi has declined to set up a probe...
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PAN Warns: Poor Health Budget Threatens Nigerian Kids’ Lives

Doctors warn low health budget harms Nigerian children, urging urgent care, better funding, and technology to improve child health outcomes.
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US Demands Action, FG Vows To Track Kaduna Bandits

177 Christians kidnapped in Kaduna spark US warning; FG acts, while communities demand locally driven forest security.
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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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