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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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INEC Chief Orders Stronger Voter Education Nationwide

KEY POINTS INEC has ordered nationwide voter-education campaigns to combat low turnout and improve...
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ADC Alleges Assassination Attempt as Thugs Attack Obi

KEY POINTS Suspected armed thugs allegedly attacked Obi, Oyegun, and ADC members in Benin...
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Former NRC Boss Arraigned Over Alleged $385,000, ₦165m Fraud

KEY POINTS Former railway chief Edetanle faces eight fraud-related charges involving over $385,000 and...
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DSS Arrests Alleged ISWAP Commander Linked to Owo Church Massacre

KEY POINTS DSS operatives arrested a sixth suspect linked to the 2022 Owo church...
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Bayelsa Assembly Confirms Peter Akpe as Deputy Governor

KEY POINTS Bayelsa lawmakers confirmed Peter Akpe as deputy governor following the death of...
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Police Say N100 Million Credited to IGP’s Son Was Banking Error

Police say N100 million credited to IGP’s son was banking error and confirm the funds were promptly reversed after the mistaken transfer.
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President Tinubu Replaces Police Chief Egbetokun With Tunji Disu

KEY POINTS President Tinubu ordered Kayode Egbetokun to resign as Inspector General of...
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FG Drops Forgery Case Against Senior Lawyer Mike Ozekhome

KEY POINTS The Federal Government withdrew the forgery charge against Mike Ozekhome during a...
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Nigeria, EU Open Talks on Landmark Science and Innovation Partnership

KEY POINTS Nigeria and the EU have begun formal negotiations for a comprehensive science...
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El-Rufai Files ₦1bn Suit Against ICPC Over Alleged Illegal Abuja Home Search

KEY POINTS El-Rufai is suing anti-corruption and law-enforcement authorities for ₦1 billion over an...
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Fire Disrupts Flights at Lagos Airport Terminal 1

KEY POINTS A fire on the upper floors of Lagos airport’s Terminal 1 disrupted...
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AAC Rejects FCT Area Council Poll Results, Alleges Widespread Irregularities

KEY POINTS AAC rejected the FCT Area Council election results, calling the process manipulated...
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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.