Reactions have trailed President Bola Tinubu’s approval for the major write-off of debts owed by the Nigerian National Petroleum Company (NNPC) Limited to the Federation Account, clearing over 90% of legacy obligations up to the end of 2024. A report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) presented during the November 2025 Federation Account …
The Nigerian National Petroleum Company (NNPC) Limited has opened the bidding process to sell stakes in several of its oil and gas assets. This move is part of a broader strategy to optimize its portfolio, raise much-needed capital, and attract fresh investment into Nigeria's energy sector. A Reuters report on Monday, December 29, said NNPC …
Billionaire businessman Femi Otedola has exited his shareholding in Geregu Power Plc through a deal reportedly worth around $750 million. The transaction was concluded on December 29 2025 and until the completion of the share sale, he was the majority owner of the Lagos-quoted firm. The serial investor, who was also the chairman of Geregu …
The Minister of the Federal Capital Territory, Nyesom Wike, has declared that he and his political supporters possess the structure and influence to determine electoral outcomes in Rivers State. Boosting his political influence, Wike said his political base played a key role in the victory of President Bola Ahmed Tinubu in the state during the …
The Federal High Court in Abuja has declined an ex-parte application seeking to restrain the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and other government agencies from allocating some oil fields. Justice Emeka Nwite, sitting as a vacation judge, ruled that the respondents must first be put on notice before the court could …
President Bola Ahmed Tinubu has said Nigerian-British heavyweight boxing champion Anthony Joshua is receiving the best possible medical care in Nigeria following an accident on the Lagos–Ibadan Motorway. The President made this known on Monday in a statement issued by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, after a telephone conversation with …
At the close of trading on Monday, December 29, the Nigerian stock market’s All-Share Index (ASI) rebounded to a 50 per cent year-to-date return. It marked its first recovery to that level since October 28, 2025. The upward trajectory saw the ASI rise by 0.55 per cent to close at 154,389.53 points. Similarly, the market …
World-renowned boxer Anthony Joshua, was involved in a road accident on Lagos-Ibadan Expressway in Ogun State that claimed two lives on Monday, December 29. This was confirmed in a statement issued by Olusegun Ogungbemide, Assistant Corps Marshal Corps Public Education Officer FRSC. The statement said the incident involved two vehicles: a black Lexus Jeep with …
Borrowings by states and local governments from commercial banks fell to ₦2.13 trillion in June 2025, down from ₦2.68 trillion a year earlier. This represents a reduction of about ₦547.5 billion, or 20.4 per cent, in the review period. In a report on Monday, the CSL research firm said the trend reflects a deliberate effort …
The Special Adviser on Media to Oyo State Governor, Dr Sulaimon Olanrewaju, has rejected claims by former Ekiti State Governor Ayodele Fayose that Governor Seyi Makinde received N50 billion from the Federal Government, describing the allegation as misleading. Olanrewaju also dismissed suggestions that the governor deliberately kept silent over the alleged funds in order to …
