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Nigeria Cuts Petrol Imports as Local Refining Rises in December

KEY POINTS Petrol imports fell by 19 percent in December, while local refinery supply jumped by 64 percent. Total petrol supply averaged 74.2 million litres daily, up from November levels. Daily petrol consumption rose to a record 63.7 million litres, the highest in 2025. Nigeria...
Politics

Abia Obidient Group Denies Threat to Withdraw Support for Otti

Abia’s Obidient Movement says reports linking its support for Governor Alex Otti to ADC defection plans are false and misrepresent its position.

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First HoldCo Reports $1.7 Billion in Gross Earnings Under Otedola’s Leadership

First HoldCo, led by Femi Otedola, reports $1.7 billion in nine-month earnings as reforms strengthen assets and equity.
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Nigeria Recovers 90 Mining Sites, Generates N28 Billion in 2024

Nigeria recovered 90 mining sites and generated N28 billion in 2024, signalling a stronger policy focus on mining sector revenue and reform
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Delta Air Lines Launches Atlanta–Marrakech Route Expansion

Delta Air Lines opens a nonstop Atlanta–Marrakech route, expanding US–Africa connectivity and boosting tourism and trade between Morocco and the United States.
Business

Nigeria Secures $500 Million for Solar Manufacturing

Nigeria secures $500 million to boost solar manufacturing, aiming to expand renewable capacity and export locally made panels across Africa
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Fuel Tax Won’t Begin Until Naira Strengthens or Oil Price Falls — Oyedele

Oyedele says Nigeria will delay 5% fuel surcharge until naira appreciates or oil prices drop to avoid price hikes.
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Military Arrests 15 More Officers Over Alleged Coup Plot in Nigeria

Nigeria’s military detains 15 more officers over an alleged coup plot, with investigators linking funds to a former governor and minister.
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House Launches Probe Into Tax Deductions and Bank Charges

The House launches a probe into excessive tax deductions and bank charges as lawmakers move to ensure fairness in Nigeria’s financial system.
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Soludo’s Reward Promise Meant To Boost Voter Turnout, Not Buy Votes — Anambra Govt

Anambra government says Soludo’s reward plan for APGA canvassers aims to fight voter apathy, not buy votes.
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Adeleke Confident Of Re-election In 2026 Osun Governorship Race

Governor Ademola Adeleke says he’s confident of winning re-election in 2026, citing performance and widespread support in Osun State.
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Oando Profit Soars 164% to ₦210 Billion

Nigeria’s Oando plc recorded a 164 percent profit increase to ₦210 billion in nine months, powered by upstream growth.
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Dollar Trades Around ₦1,495 to Naira in Nigeria’s Parallel Market

The black market dollar to naira rate climbed near ₦1,495 today, mirroring persistent FX scarcity and rising importer demand.
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FG Begins ₦10 Million Support Fund for Tertiary Staff

The tertiary institution staff support fund begins nationwide rollout, providing ₦10 million interest-free loans to improve staff welfare.
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Business

Nigeria Cuts Petrol Imports as Local Refining Rises in December

KEY POINTS Petrol imports fell by 19 percent in December, while local refinery supply...
Politics

Abia Obidient Group Denies Threat to Withdraw Support for Otti

Abia’s Obidient Movement says reports linking its support for Governor Alex Otti to ADC defection plans are false and misrepresent its position.
News

Aid Cuts Deepen Hunger in Northeast Nigeria, WFP Says

WFP warns that aid cuts in northeast Nigeria are deepening hunger as funding shortfalls force sharp reductions in food and nutrition assistance across the region.
Business

Tony Elumelu Urges CEOs to Lead With Trust, Not Titles

Tony Elumelu says modern leadership is built on trust, accessibility and execution, not hierarchy, as his businesses post landmark banking and energy deals.

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