Aiteo Eastern E&P Company Limited, led by Nigerian billionaire Benedict Peters, is projected to surpass $700 million in revenue this year, overcoming operational challenges and capitalizing on a rebound in Africa's oil sector.
Nigerian civil society groups support the government's plan to strengthen banks through recapitalization. The move aims to boost the economy by creating healthier banks that attract investors. However, concerns linger about potential resistance efforts, highlighting the need for transparency and collaboration.
A tense standoff has emerged in Kano, Nigeria, between the police and the governor over the eviction of the deposed Emir. The Emir remains in his residence as the court date approaches.
In a surprising turn of events, Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), expressed his willingness to negotiate with the Nigerian government to resolve the charges against him.
Confusion arose online regarding the renaming of Abuja's Murtala Muhammed Expressway. The Nigerian government clarified that only a newly built road received a name change, while the Murtala Muhammed Expressway retains its original designation.
A US-based businessman, Onyejekwe Izuchukwu, was discovered dead in his hotel room in Lagos, Nigeria on June 9, 2024. The 51-year-old Texan was on a business trip and had been staying at the hotel for several days. Authorities have launched an investigation to determine the cause of death, and Izuchukwu's body was transported for autopsy.
The University of Ilorin (Unilorin) in Nigeria is taking a unique approach to student safety by introducing self-defense and combat training as a vocational course. This initiative comes amid growing safety concerns and aims to equip students with the skills to protect themselves. The program is planned for future integration into the regular curriculum.
Nigeria's Senate is urging President Bola Tinubu to take decisive action to address the escalating banditry crisis in the country's northwest region. Senators expressed deep concern over the continued violence, which has resulted in numerous deaths, kidnappings, and the displacement of entire communities.
Nigerian senators are embroiled in a heated debate over a bill proposing a ban on open grazing and the establishment of cattle ranches. Proponents argue the bill is necessary to end deadly farmer-herder clashes, while opponents raise concerns about constitutionality and practicality.
Nigerian rights group CERON warns the government of a looming labor strike that could worsen the nation's economic hardship. The group urges renewed negotiations between the government and labor unions to reach a compromise on a new minimum wage. With Nigerians already struggling, a strike would further erode purchasing power and potentially lead to social unrest.