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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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Zenith Bank Rally Lifts Jim Ovia’s Stake by $18.5 Million

A steady rally in Zenith Bank shares has increased the value of founder Jim Ovia’s stake by $18.5 million as investors favor dividend-paying lenders.
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Nigeria Allocates ₦822 Billion to Digital Economy Over Six Years

Nigeria spent more than ₦822 billion on its digital economy ministry over six years, with sharp swings in funding and capital projects dominating allocations.
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Wike Praises Tinubu, Umahi as East West Road Opens to Traffic in Rivers Bonny Axis

KEY POINTS Wike applauds Tinubu and Umahi for opening the East West Road linking...
Business

Tinubu Hails NGX Crossing ₦100 Trillion as Investor Confidence Returns to Nigeria

KEY POINTS NGX market value has crossed ₦100 trillion, a historic first for Nigeria ...
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FG Orders All Airlines, Shipping Firms To Submit Manifests Through Single Window

FG mandates airlines, shipping firms to use National Single Window for cargo manifests, aiming to reduce delays and improve trade.
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Ogun Residents Petition Governor Over Harmful Quarry Operations in Isara Remo

Isara Remo residents petition Ogun governor over quarries destroying roads, farmland, and air quality, urging strict regulation and oversight.
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Dangote Refinery Sells Petrol Directly To Marketers After Depot Deal Fails

Dangote cuts petrol price, sells directly to independent marketers after depot deal fails, aiming to ease fuel supply issues.
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Obi Warns 141 Million Nigerians Live In Poverty As Politicians Focus On Power

Peter Obi warns poverty is rising fast in Nigeria as politicians chase power and national football players remain unpaid.
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Datti Baba Ahmed Declares 2027 Presidential Bid

KEY POINTS Datti Baba Ahmed announced his 2027 presidential ambition at the Labour Party...
News

Nigeria Posts N12 Trillion Trade Surplus As Non-Oil Exports Soar

Nigeria posts N12 trillion trade surplus in H1 2025 as non-oil exports rise 21% and Special Economic Zones create jobs.
Politics

PDP Faction Plans Talks With Atiku And Peter Obi Ahead Of 2027 Elections

PDP aims to meet Atiku and Obi as part of efforts to challenge APC in 2027, despite internal party conflicts.
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Heavy Taxes And Rising Debt Threaten Nigeria’s Stability, Labour Congress Warns

The Labour Congress warns that heavy taxes and rising debt are hurting workers and calls on government to rethink tax laws.
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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...
News

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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