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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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Business

NAFDAC Seals Illegal Factories, Arrests Chemical Producer in Abuja

NAFDAC arrests chemical producer and seals illegal water and rice factories in Abuja amid safety crackdown.
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US Pledges $32.5 Million to Boost Nigeria’s Food Security

The US has pledged $32.5 million to support food security in Nigeria, aiming to combat hunger and strengthen resilience amid rising costs.
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Police Arrest Suspected Cultists With Skull, Gun in Ogun

Police in Ogun State arrest suspected student cultists with a human skull and gun, heightening fears of rising cult violence.
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Tinubu’s Governance ‘Fair to All Nigerians,’ Says FG

FG insists Tinubu’s governance is fair to all Nigerians, with balanced appointments and projects spread nationwide for equity and stability.
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Ondo Man Arrested in Death of Neighbor’s Son

Police arrest man in Ondo over neighbor’s son death, sparking outrage and calls for justice in Akure community.
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Nigeria Says Subsidy Removal Frees Funds for Growth

Nigeria says fuel subsidy removal freed resources for national development, redirecting funds into infrastructure, health, and education despite public hardship.
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Lagos Cracks Down on Builders Over Waste Disposal

Lagos warns builders of penalties for poor waste disposal as the government intensifies enforcement to curb flooding and pollution.
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Delta Police Say Officers Can Search Without Warrants

Delta police say officers can conduct warrantless searches, sparking public concern about rights, accountability, and abuse of stop-and-search powers.
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Ooni’s Camp Dismisses Alaafin Ultimatum as Empty Threat

Ooni’s camp dismisses the Alaafin ultimatum as an empty threat, framing it as a relic of Yoruba monarchy’s fading influence.
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Ogun Urban Planners Warn of Strain from Population Boom

Ogun faces a population boom that outpaces infrastructure, leaving planners worried about strained towns, worsening traffic, and growing risks of urban collapse.
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Lagos Commissioner Says New Tenancy Law Will Shield Tenants

Lagos proposes a new tenancy law aimed at protecting tenants from exploitation while safeguarding landlord rights in Nigeria’s biggest city.
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Katsina Governor Radda to Begin Three-Week Medical Leave

Katsina Governor Dikko Radda to begin a three-week medical leave Monday, with Deputy Governor Faruk Jobe acting in his stead.
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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.