The fresh move for rehabilitation of the Warri and Port Harcourt refineries has sparked reactions as industry stakeholders, policy observers, and civil society groups expressed doubt about the success of the exercise. They have called for a comprehensive audit of billions of dollars spent on past repairs before the Nigerian government proceeds with a new deal …
The Nigeria Democratic Congress (NDC) has announced the commencement of the sale of expression of interest and nomination forms for aspirants seeking elective positions ahead of the 2027 general election. In a statement issued on Tuesday and signed by Moses Zuwoghe, national chairman of the party, and Ikenna Enekweizu, national secretary, the party said the …
President Bola Tinubu has said Nigeria will spend not less than $11.6 billion on debt servicing in 2026 under the current global financial system. According to a statement issued by Bayo Onanuga, the president spoke on Tuesday at the Africa Forward Summit in Nairobi, Kenya. Tinubu said nearly half of Nigeria’s projected revenue for 2026 …
Former Minister of Petroleum Resources, Diezani Alison-Madueke and the prosecution have closed their cases in the ongoing bribery trial at the Southwark Crown Court in the United Kingdom. The former minister is standing trial alongside Olatimbo Ayinde, an oil executive, and Doye Agama, her brother, on a five-count charge bordering on alleged bribery. All three …
Political tension is mounting within the Surulere chapter of the All Progressives Congress (APC) as supporters of lawmaker Desmond Elliot intensified calls for his return to the Lagos State House of Assembly amid allegations of planned candidate imposition ahead of the party primaries. The growing dispute came to the fore during a solidarity rally held …
Dangote Cement Plc has said it is considering a potential secondary listing on the London Stock Exchange (LSE) as part of efforts to deepen its access to international capital markets. The company disclosed the development in a statement to the investing public on Wednesday, signed by its Company Secretary, Edward Imoedemhe, following an emergency board …
Nigeria’s oil output rose to 1.663 million barrels per day (bpd) in April, representing a 7.58 per cent increase from 1.546 bpd recorded in March 2026. According to data released on Tuesday by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), crude oil production alone averaged 1.488 million bpd in April, achieving 99.2 per cent of …
The Minister of Housing and Urban Development, Dr. Muttaqha Rabe Darma, has stated that the resolutions from the Renewed Hope Housing Public-Private Partnership (PPP) Summit will be integrated into the Ministry’s upcoming Strategic Plan, a framework designed to transform housing delivery and stimulate economic growth across Nigeria. Dr. Darma made the declaration in his address …
First HoldCo Plc, the parent company of First Bank of Nigeria, said it is seeking shareholders’ approval to raise ₦253.099 billion in fresh equity capital. The move is aimed at strengthening its balance sheet and approaching a ₦1 trillion paid-up capital base, which the bank earlier sought. The group made the proposal in a notice …
Nine African countries are currently listed under the United States’ highest travel advisory level, known as Level 4, Do Not Travel, highlighting the scale of insecurity across multiple regions of the continent. Out of 21 countries worldwide placed on the U.S. State Department’s strongest travel warning, nine are in Africa, meaning nearly half of the …
