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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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Otedola Hosts Rabiu, Business Leaders at Private Dubai Dinner

KEY POINTS Femi Otedola hosted Abdul Samad Rabiu and friends at a private dinner...
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Haske Group Expels Abba Atiku Over APC Defection

KEY POINTS Atiku Haske Organisation dismisses Abba Atiku following his move to the APC ...
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FCTA Removes 607 Beggars and Mentally Challenged People From Abuja Streets

FCTA removed 607 beggars and mentally challenged people from Abuja streets and sent them back home for help and safety.
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Petrol Imports Dominate Nigeria Despite Rise In Local Refinery Output

Nigeria relied on imported petrol for 62% of fuel in 2025, with local refineries supplying only 38 percent of demand.
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Nigeria’s Power Debt Jumps To N6.5 Trillion As Unpaid Bills Threaten FG Bond Plan

Nigeria’s power sector debt climbs to N6.5 trillion as GenCos get partial payments, putting pressure on the government’s bond plan.
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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.
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US Approves $413 Million for Security Operations in Nigeria, Africa

The United States has allocated $413 million for security operations in Nigeria and West Africa, enhancing counter-insurgency efforts and deepening regional military cooperation.
Business

Nigeria Inflation Eases to 15.15% in December as NBS Revises Methodology

KEY POINTS Nigeria headline inflation slowed to 15.15 percent in December 2025, reflecting a...
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Dele Momodu Joins ADC, Warns Against One Party Drift in Nigeria

KEY POINTS Dele Momodu has formally joined the African Democratic Congress, citing concern over...
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FG Drops Defamation Case Against Natasha Akpoti Uduaghan

KEY POINTS The Federal Government formally withdrew criminal defamation charges against Senator Natasha Akpoti...
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FG, ASUU Sign New Deal, End 16-Year Stalemate With 40% Pay Rise for Lecturers

KEY POINTS Federal Government and ASUU conclude renegotiation of the 2009 pact after 16...
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Impeachment Push Against Governor Fubara Loses Steam as Two More Lawmakers Pull Out

KEY POINTS Two additional Rivers lawmakers step back from impeachment move against Governor Fubara ...
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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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