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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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NNPC ships eight crude cargoes to Dangote refinery in April

NNPC Trading shipped more than 1.03 million metric tons of crude, about 6.8 million barrels, to Aliko Dangote's Lekki refinery across eight April cargoes.
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Sylva named in 13-count coup charge as six face arraignment

The Federal Government arraigns six suspects today over an alleged coup plot, with former oil minister Timipre Sylva named but still at large.
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Pan-African Billionaire Benedict Peters Deploys High-Tech Aircraft to Map Madagascar’s Hidden Mineral Wealth

KEY POINTS Pan-African billionaire Benedict Peters has deployed three high-tech aircraft to map Madagascar’s...
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CBN, NCC Sign MoU To Tackle SIM-Related Fraud in Nigeria

The Central Bank of Nigeria and the NCC have signed a memorandum of understanding to tackle SIM-related fraud and launch a shared phone-number risk portal.
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Ogun East APC Endorses Dapo Abiodun for 2027 Senate Bid

KEY POINTS Ogun East APC leaders endorsed Dapo Abiodun as consensus candidate for 2027...
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Borno Youths Raise Alarm as Boko Haram Issues 72-Hour Ultimatum Over 416 Captives

KEY POINTS Borno youth group warns of Boko Haram’s 72-hour ultimatum over 416 abductees ...
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Peter Obi, Kwankwaso backers form joint movement ahead of ADC primaries

Backers of Peter Obi and Rabiu Kwankwaso have launched the Obi-Kwankwaso Movement in Abuja, establishing structures across all 36 states ahead of ADC primaries.
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Boko Haram issues 72-hour ultimatum, demands N5bn for 416 abducted women and children in Borno

Boko Haram has set a 72-hour deadline for the government to pay N5bn for 416 women and children abducted from Ngoshe in Borno State.
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SEREC warns Nigeria could lose cargo to Benin, Togo ports

SEREC has warned that persistent port inefficiencies could push as much as 25 percent of Nigeria-bound cargo to Benin and Togo within two years.
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Terrorists kill three soldiers, steal army gun truck in Kwara as attacks rage across Plateau and Benue

Suspected Ansaru terrorists killed three soldiers and seized an army gun truck during a two-hour pre-dawn firefight in Kemanji community, Kaiama, Kwara State.
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4,691 Nigerian doctors move to UK since 2023, GMC says

More than 4,600 Nigerian doctors have moved to the UK since May 2023, costing Nigeria an estimated $98.5 million in training investments.
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Amnesty: 1,100 Nigerians kidnapped in three months in 2026

Amnesty International says at least 1,100 people were kidnapped across northern Nigeria in just three months, urging President Tinubu to urgently address the abduction crisis.
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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.