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Boko Haram insurgents have issued a 72-hour ultimatum to the Nigerian government, warning against any attempt to forcibly rescue 416 abducted victims in Borno State. In a video released on Monday, the group threatened to move the captives, including women and children to undisclosed locations if their demands are not met within the deadline, raising …

The New Nigeria People’s Party (NNPP) has elected Bala Mohammed as its new national chairman following the exit of Ajuji Ahmed. Ahmed, who became acting national chairman in March 2024, recently defected to the African Democratic Congress (ADC). In a statement issued on Sunday, the party’s National Publicity Secretary, Ladipo Johnson, described Mohammed as an …

NNPP

Stanbic IBTC Holdings Plc paid ₦119 million in regulatory fines in 2025 over reporting failures and disclosure issues, even as the bank posted one of its strongest financial performances on record. The fines were linked to various infractions, including failures to report cyber incidents and incorrect disclosures in fund statements, according to details in its …

Stanbic IBTC

Former Kano State Governor, Ibrahim Shekarau, has resigned his membership of the Peoples Democratic Party (PDP) and joined the ruling All Progressives Congress (APC). He announced his defection on Sunday at his residence in Kano. Shekarau governed Kano State from 2003 to 2011 under the defunct All Nigeria Peoples Party (ANPP). He joined the PDP …

Shekarau Dumps PDP, Returns to APC

The Centre for the Promotion of Private Enterprise (CPPE) has said the Federal Government’s 2026 fiscal policy measures will significantly reshape Nigeria’s economy by favouring local production while putting pressure on import-dependent businesses. In a policy statement issued on Sunday, April 19, CPPE Chief Executive Officer, Dr Muda Yusuf, said the new tariff and tax …

Muda Yusuf, CPPE chief executive officer

Foreign-owned fast-moving consumer goods (FMCGs) companies in Nigeria are facing growing financial pressure as rising finance costs, heavy dollar debt, and dependence on parent company funding continue to weigh on their operations and shareholder value, a review of their 2025 audited accounts shows. While some companies recorded a return to profitability, the underlying numbers reveal …

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