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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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Nigerian Army Honors Late Chief Lt.-Gen. Lagbaja

The Nigerian Army marked one year since Lt.-Gen. Lagbaja’s passing with Jumaat prayers, honoring his leadership and calling for continued support for the military.
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Okonjo-Iweala Denies Viral Post Criticising Tinubu Over Security

Ngozi Okonjo-Iweala denies a fake social media post attacking Tinubu, warning against misinformation amid Nigeria’s ongoing security crisis.
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Yakubu Gowon University Names New Vice Chancellor

Professor Hakeem Fawehinmi has been appointed vice chancellor of Yakubu Gowon University, signaling a new phase of stability and academic leadership
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Femi Otedola’s Net Worth Rises to $1.6 Billion on Geregu Power, First HoldCo Gains

Femi Otedola’s wealth grows to $1.6 billion on strong Geregu Power and First HoldCo performance.
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Nigeria Faces Backlash Over Promotion Snub

A promotion dispute deepens tension as the federal government faces rising criticism for overlooking a Christian candidate who topped the permanent secretary interview.
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First Lady Urges Graduates To Apply New Tech Skills

Tinubu urges women trained in the women in tech training programme to apply their digital skills to improve communities and expand economic opportunities nationwide.
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Ghana Rescues Nigerian Teen From Trafficking Syndicate

Ghanaian police rescued a 15-year-old Nigerian girl trafficked from Enugu, uncovering a cross-border trafficking network targeting vulnerable teenagers.
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AEDC Lays Off 800 Workers as Power Supply Worsens

AEDC fires 800 workers after restructuring, raising concerns over worsening electricity supply and poor sector performance.
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US Congress Moves to Sanction Miyetti Allah Over Religious Freedom Violations

US lawmakers plan sanctions on Miyetti Allah over alleged Christian persecution, as Nigeria opens talks to ease tension.
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Kanu Writes Trump, Alleges Judeo-Christian Killings in Nigeria

Nnamdi Kanu writes Donald Trump alleging Judeo-Christian genocide in Nigeria, heightening diplomatic scrutiny of insecurity and state response.
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United Airlines Clarifies Shutdown Impact on Lagos Route

United Airlines explains the shutdown impact on Lagos flights, assuring passengers that operations remain stable despite US federal staffing delays affecting aviation systems.
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Nigeria’s Oil Output Set to Rise, Regulator Says

Nigeria’s petroleum regulator projects a rise in crude output, citing improved security, revived investments and clearer upstream regulations.
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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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