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Otedola Raises First HoldCo Stake to 26.6% With Fresh N12.6bn Investment

KEY POINTS Otedola bought another 95.69 million First HoldCo shares for N12.58 billion. His total stake has risen to about 12.23 billion shares, or 26.6 percent. His First HoldCo holding is now worth approximately N1.61 trillion. Femi Otedola, chairman of First HoldCo Plc, has further...
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Suspected Lakurawa Fighter Linked to Niger Mosque Attack

KEY POINTS A suspected Lakurawa fighter identified as Mar Dego has been linked by local sources to Friday’s mosque attack in Dekera, Niger State. Gunmen reportedly abducted several worshippers during prayers. Community leaders are calling for increased security presence as authorities have yet to...

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Tinubu’s $1.25bn World Bank loan nears June approval

Nigeria's $1.25 billion World Bank loan for investment and jobs is set for a June 26 approval vote, pushing total public debt past N160 trillion.
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UNIBEN Student Killed After Exam as Police Arrest 12 Suspected Cultists in Edo

KEY POINTS A UNIBEN student was shot dead by masked gunmen shortly after writing...
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Shettima Reacts To Moniepoint CEO’s Claim On Lack Of Skilled Nigerians

KEY POINTS Vice President Kashim Shettima called for stronger partnerships between universities and industries...
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30-Year-Old Man Living With Dwarfism Passes APC Screening For Kaduna Reps Seat

KEY POINTS Mahmud Sadis Buba, a 30-year-old man living with dwarfism, has passed the...
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Boko Haram Attacks Military Bases in Yobe, Dozens of Soldiers and Policemen Feared Dead

KEY POINTS Boko Haram insurgents reportedly attacked two military bases in Yobe State around...
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Influencer Raises Alarm After Alleged Bandits Threaten Him Over Anti-Crime Campaign

KEY POINTS Nigerian influencer D English Alhaji alleged that suspected bandits threatened him during...
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LUTH Faces Corruption Allegations as Senior Official Demands Probe

KEY POINTS A senior LUTH official accused the hospital management of corruption, procurement violations,...
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Lagos Government Closes Part of Eko Bridge for Urgent Repairs

KEY POINTS Lagos Government has shut the outbound section of Eko Bridge for urgent...
Business

Nigerian brewers post 117 percent profit jump in 2025

Nigeria's top four brewers grew combined profit 117 percent to N317.2 billion in 2025 on N2.8 trillion in revenue, driven by aggressive product re-pricing.
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NECA queries NNPC-China refinery deal, cites $25bn spend

NECA Director-General Adewale-Smatt Oyerinde questioned NNPC's new MOU with Chinese firms, demanding accountability for the $25 billion already spent on failed refinery rehabilitations.
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Nigeria FMCG firms carry N1.96trn debt, Dangote Sugar leads

Nigeria's top 10 FMCG companies carried a combined N1.96 trillion in debt in 2025, with Dangote Sugar leading the pile at N725.31 billion.
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Audu orders 2-day clean-up of Lagos port corridors

PEBEC will launch a two-day clean-up of the Apapa and Tin Can port corridors on May 14 and 15 to ease cargo flow.
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Business

Otedola Raises First HoldCo Stake to 26.6% With Fresh N12.6bn Investment

KEY POINTS Otedola bought another 95.69 million First HoldCo shares for N12.58 billion. His...
News

Suspected Lakurawa Fighter Linked to Niger Mosque Attack

KEY POINTS A suspected Lakurawa fighter identified as Mar Dego has been linked by...
News

Troops Intercept Gun Runners, Rescue Six Kidnap Victims in Zamfara

KEY POINTS Troops arrested three suspected gun runners in Zamfara. An AK-103-2 rifle and...
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Lagos Electrician Alleges Four-Day Police Detention, ₦45,000 Extortion Over Missing Phone

KEY POINTS Lagos electrician Sunday Moses Olugbemi alleges police detained him for four days...