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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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Nigerians Go Underground as U.S. Immigration Raids Intensify

Nigerians in the U.S. retreat from work and public life as intensified immigration raids fuel fear, deaths in custody mount, and self-deportation becomes a growing consideration.
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The £2 Million Question: What Really Happened at Harrods? How the Diezani Alison-Madueke trial became a masterclass in narrative inflation

KEY POINTS Headlines exaggerate Alison-Madueke’s alleged £2m Harrods spending and luxury perks; she didn’t...
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Vitafoam Nigeria Posts Strong Start to 2026 on Demand

Vitafoam Nigeria began 2026 with higher revenue and profit, supported by domestic demand growth, lower finance costs and a stronger balance sheet despite weaker exports.
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Linkage Assurance Revenue Rises 24 Percent on Performance

Linkage Assurance posted a 24 percent rise in insurance revenue in 2025, supported by underwriting growth, reinsurance optimisation and improved profitability across core operations.
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Nigeria Approves Sharp Pension Increase for NSITF Retirees

Nigeria’s pension regulator has approved a sharp increase in NSITF pensions, lifting monthly payouts and clearing years of arrears for more than 2,000 retirees.
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Nigeria Air Force Probes Civilian Deaths in Niger State

Nigeria’s Air Force is investigating reports that a military aircraft killed two civilians in Kurigi, Niger State, during an operation against bandits.
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Unicross Suspends 24th Matriculation Amid Fee and Gown Dispute

Unicross has postponed its 24th matriculation ceremony indefinitely due to student protests over high gown fees and rising school charges, compounded by staff union actions.
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JAMB Says University Students May Register for 2026 UTME

JAMB says students already in universities may register for the 2026 UTME, provided they disclose their matriculation status and comply with admission regulations.
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Nigeria Military to Court-Martial Officers Over Alleged Coup Plot

Nigeria’s Defence Headquarters will court-martial 16 officers after an internal probe found cases to answer, including allegations linked to coup plotting.
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CBN Grants National Licenses to Major Fintech Players

The Central Bank of Nigeria has upgraded major fintechs to national licenses, formalising nationwide operations and imposing higher capital and compliance standards.
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Anambra Shuts Onitsha Main Market Over Sit-At-Home Defiance

Anambra State shut Onitsha Main Market for one week after traders defied the Monday sit-at-home order, escalating efforts to restore normal economic activity.
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NNPC, Chevron Confirm Hydrocarbon Discovery at Awodi-07 Well

NNPC confirmed hydrocarbons at Chevron Nigeria’s Awodi-07 well, calling the offshore Niger Delta discovery a milestone for their joint venture and Nigeria’s energy strategy.
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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.