The Federal High Court sitting in Abuja has affirmed the leadership of the African Democratic Congress (ADC) under National Chairman Sen. David Mark and National Secretary Ogbeni Rauf Aregbesola. The court gave the affirmation while dismissing a suit filed by House of Representatives member Hon. Leke Abejide, challenging the party’s leadership structure. Presiding Judge Justice …
Nigeria on Tuesday assumed the chairmanship of the Bureau of the African Continental Free Trade Area (AfCFTA) Council of Ministers Responsible for Trade, declaring that Africa must move beyond policy commitments to measurable economic outcomes that create jobs, strengthen industries and expand opportunities for over 1.4 billion people across the continent. Taking over the leadership …
The Nigerian Education Loan Fund (NELFUND) has launched a crackdown on tertiary institutions accused of withholding tuition refunds to students and imposing arbitrary fee increases despite benefiting from the federal government's student loan scheme. The Fund said it had received complaints that some universities, polytechnics and colleges were refusing or delaying the refund of tuition …
The Dangote Refinery has expanded its crude sourcing to include cargoes from the United Arab Emirates (UAE), marking a notable shift in its supply chain strategy. According to a report by S&P Global Commodity Insights, the $20 billion refinery recently imported two cargoes of crude oil from the UAE, marking its first-ever procurement of Middle …
A Federal High Court sitting in Lokoja, Kogi State, has set aside its earlier judgment directing the Independent National Electoral Commission (INEC) to register the Nigeria Democratic Congress (NDC) as a political party, ruling that the case must be heard afresh after all interested parties are joined. Justice Isah Dashen delivered the ruling on Friday …
One person has been confirmed dead while 10 persons were rescued after a three-storey building collapsed in Satellite Town, Lagos State on Thursday morning. The incident, which happened at Old Ojo Road, near Alakija Bus Stop, off the Lagos-Badagry Expressway, around 12 noon caused chaos among residents, who panicked and fled for safety. In …
The Central Bank of Nigeria (CBN) has directed banks, payment service banks, and other financial institutions to immediately freeze accounts and assets linked to six individuals and four bureaux de change (BDCs) recently designated under terrorism and terrorism-financing sanctions. In a circular signed by Olubunmi Ayodele-Oni for the Director of the Compliance Department, the CBN …
Jaiz Bank Plc has reported a 28 per cent growth in profit before tax to ₦31.24 billion for the year ended December 31, 2025, up from ₦24.44 billion in 2024, as the non-interest bank posted across-the-board growth in earnings, deposits and assets despite a tough macroeconomic environment. Disclosing the bank's audited results at a press …
The Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria LNG Limited (NLNG) have reaffirmed their commitment to deepen collaboration on local content, as the gas giant's Train 7 project reached 90 percent completion and pre-commissioning activities got underway. The renewed commitment was made on Wednesday when NLNG's Managing Director and Chief Executive Officer, Engr. …
The company says claims that its products are shipped to Togo and brought back into Nigeria lack commercial logic and contradict its business objectives. Dangote Petroleum Refinery has debunked allegations that its refined petroleum products are exported to Lomé, Togo, and subsequently re-imported into Nigeria, dismissing the claims as unsubstantiated and commercially illogical. In …
