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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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FG Vows Crackdown on Forced Fruit Ripening, Adulterated Oil

FG vows to punish traders using toxic chemicals for forced fruit ripening and adulterated oil as agencies intensify food safety crackdown.
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FG Says Customer Service Is a Right, Not a Privilege

Federal Government says customer service is a right, not privilege, urging Immigration officers to uphold SERVICOM reforms.
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World Bank Dismisses Nigeria’s Single-Digit Inflation Target

The World Bank says Nigeria’s single-digit inflation target is unrealistic given structural deficits and volatile food and currency markets.
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Nigeria Makes Bold Push to Host Formula One Grand Prix

Nigeria intensifies efforts to host the Formula One Grand Prix, with Lagos emerging as the preferred venue in an ambitious global sports bid.
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Yakubu Steps Down as INEC Chair, Says It’s Time for Fresh Leadership

Yakubu steps down as INEC chairman after 10 years, saying his decision allows a smooth transition and continued electoral reform ahead of 2027 elections.
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Nigeria’s Deadly Highways: Motorists Endure Fear, Frustration and Loss

Across Nigeria, crumbling federal highways have turned travel into a deadly gamble as motorists battle potholes, bandits, and government inaction.
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Emefiele’s $4.5bn Fraud Trial Delayed Over Phone Evidence Dispute

Emefiele’s $4.5bn fraud trial stalled again after EFCC and defence clashed over phone forensic test procedures in Lagos court.
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Oyedele: 98% of Nigerians to Get Tax Cut or Exemption by 2026

About 98 percent of Nigerians will enjoy reduced or no tax under the new fiscal reform expected to take effect in January 2026.
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David Mark: ADC’s 2027 Vision Is Bigger Than Power

ADC says its 2027 mission is not about winning power but building a political legacy rooted in ethics, inclusion, and long-term governance reforms.
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Nigeria’s Inflation Crisis Pushes Workers and Employers to the Edge

Nigeria’s inflation crisis is eroding wages and threatening jobs, NECA warns, urging government action to stabilize businesses and protect workers.
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Fury in Lagos as Traders Protest Owode-Onirin Killings

Traders protest Owode-Onirin killings in Lagos, demanding justice, police accountability, and laws to stop land grabbing and brutality.
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Tinubu Moves to Borrow $2.3bn, Float $500m Sukuk for 2025

Tinubu seeks NASS approval for $2.3bn external borrowing and $500m Sukuk to fund 2025 budget and refinance Eurobond.
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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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