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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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Cardoso: Nigeria’s Economy Can Take Middle East Shocks

CBN Governor Olayemi Cardoso says two years of reforms have positioned Nigeria to withstand shocks from the US-Iran conflict, with reserves now above $50 billion.
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Fear Spreads in Ondo’s Akure North as Kidnappers Target Farmers, Residents Flee Homes

Rising kidnappings and shootings in Ondo’s Akure North force residents to flee homes as authorities promise tougher action against criminals.
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Boko Haram Suspects Attack Borno Settlement, Kill Herder and Rustle 1,400 Sheep

Suspected Boko Haram fighters attacked a nomadic settlement in Borno, killing one herder, injuring another and rustling about 1,400 sheep.
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Afenifere Criticizes Electoral Act 2026 for Removing Forged Certificate as Ground to Challenge Elections

Afenifere says the Electoral Act 2026 shields candidates with forged certificates and weakens legal grounds for challenging election results.
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Nigeria Transporters, Commuters Decry Rising Fuel Prices Amid Middle East War

Transporters and commuters say high petrol prices are worsening hardship, despite reports that Dangote Refinery has reduced its gantry price.
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Tinubu Nominates Former SEC DG Lamido Yuguda as CBN Deputy Governor

KEY POINTS President Bola Ahmed Tinubu has nominated former SEC Director-General Lamido Abubakar Yuguda...
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Senate Confirms Taiwo Oyedele as Minister of State for Finance

KEY POINTS The Nigerian Senate confirmed Taiwo Oyedele as Minister of State for Finance...
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Makoko Residents Reject Relocation Plan to Epe After Demolition

KEY POINTS Residents of Makoko, Oko-Agbon and Sogunro rejected the Lagos Assembly’s proposal to...
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Kano Governor Yusuf Removes Head of Service Abdullahi Musa

KEY POINTS Kano State Governor Abba Kabir Yusuf has removed Head of Service Abdullahi...
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Kwara Gives Garri Machines to Rural Women Farmers

Kwara State has handed over industrial garri processing machines to rural women in Owode Oja, fulfilling a promise Governor AbdulRazaq made in August 2025.
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Nigeria’s Debt Service Payments Drop 38 Percent in January

Nigeria's debt service payments fell 38.5 percent year-on-year to $405.3 million in January 2026, according to CBN data.
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UNILAG Rejects ASUU Strike, Says Exams Will Hold

UNILAG management rejected ASUU's strike action Wednesday and vowed semester exams would proceed despite lecturers walking out over unpaid salary components.
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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.