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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.

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Senate Confirms Justice Joseph Oyewole as Supreme Court Justice

KEY POINTS Senate has confirmed Justice Joseph Oyewole as a Justice of the Supreme...
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Senate Seeks Nationwide Emergency Response Framework After Abuja Singer’s Snakebite Death

KEY POINTS Senate urges FCTA and states to create coordinated emergency referral and response...
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FMC Abuja Denies Negligence in Death of Singer Ifunanya Nwagene After Snake Bite

KEY POINTS FMC Abuja says it made every effort to save singer Ifunanya Nwagene...
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Malami Challenges Court Order Freezing 57 Properties Linked to Alleged N213bn Proceeds

KEY POINTS Former Attorney-General Abubakar Malami is asking a Federal High Court to set...
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FAAN to Close MMIA Terminal One in March for Major Rehabilitation Works

KEY POINTS FAAN plans to shut Terminal One of Lagos airport in March for...
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Court Bars NLC, TUC From Planned Abuja Protest Over FCT Strike Dispute

KEY POINTS National Industrial Court restrains NLC, TUC and union leaders from protesting or...
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...
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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...
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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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Fela Kuti Becomes First African Honoured with Grammy Lifetime Achievement Award

KEY POINTS Fela Kuti becomes the first African to receive the Grammy Lifetime Achievement...
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Nigeria to Host Africa’s First Electric Vehicle Manufacturing Plant

KEY POINTS Nigeria signs MOU with South Korea’s AEDC to establish Africa’s first EV...
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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.