The Senate has said it will not investigate the controversy surrounding the disputed Presidential Foreign Intervention Promotion Council (PFIPC) unless a formal petition is submitted for legislative consideration. Senate spokesperson, Yemi Adaramodu, stated this while briefing journalists after Tuesday's plenary, saying the upper chamber had not received any petition from the parties involved or any …
Dangote Cement Plc has secured an upgrade to its long-term credit rating from AA to AA+ following its strong financial performance in 2025. DataPro announced the upgrade in a statement released on Tuesday, citing Dangote Cement's resilient earnings, solid financial position and market leadership despite challenging economic conditions. While affirming the cement manufacturer's short-term rating …
Emerald HoldCo B.V. has moved to consolidate its ownership of Beta Glass Plc by launching a mandatory takeover offer to acquire up to 11.74 million ordinary shares at ₦590.94 per share after securing an indirect controlling stake in the glass manufacturer. Beta Glass disclosed the development in a notice to the Nigerian Exchange Limited (NGX) …
A Federal High Court in Abuja has ordered the National Welfare Secretary of the African Democratic Congress (ADC), Nkemakolam Ukandu, to pay N100 million in costs after striking out his suit against the Chief Judge of the Federal High Court, Justice John Tsoho, and Justice Peter Lifu. Justice Salim Ibrahim, who delivered the ruling on …
Six years after losing his pregnant wife and unborn child, a Bauchi State High Court has awarded N10.2 million in damages in favour of Adamu Misau after finding the Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH) liable for medical negligence. Justice Kunaza Hamidu, in a judgment delivered on Monday, held that the hospital's negligence materially …
The Federal Government has directed regulatory agencies under the Ministry of Communications, Innovation and Digital Economy to adopt a unified approach on policies affecting internet platforms, online intermediaries and other cross-cutting digital economy issues, as it moves to eliminate regulatory overlap and strengthen investor confidence. The directive was issued by the Minister of Communications, Innovation …
The Federal Capital Territory (FCT) Police Command has arrested a notorious six-member "one chance" kidnapping syndicate, recovered N8.25 million ransom paid by a victim's family, and apprehended an alleged arms supplier linked to kidnappers and bandits as part of intensified operations against violent crime across Abuja. Commissioner of Police, Ahmed Muhammed Sanusi, disclosed this on …
The Alliance for Economic Research and Ethics has called on the Central Bank of Nigeria (CBN) to urgently clear the outstanding $2.4 billion foreign exchange forward contract backlog owed to manufacturers. The group stressed that the unresolved obligations are undermining confidence, weakening industrial growth, and threatening the country's economic transformation. It made the call in …
The Nigerian Electricity Regulatory Commission (NERC) has commenced an engagement aimed at driving a structural alignment with the judiciary to protect the ongoing decentralization of Nigeria's power sector. As the country transitions into a multi-tier electricity market under the Electricity Act 2023, the intersection of law, commercial regulation, and judicial interpretation has become highly critical. …
The federal government convened a meeting on Monday with key stakeholders in the downstream oil and gas industry, including Dangote Refinery, regulatory bodies, and major oil marketers, to negotiate a reduction in the pump price of petrol nationwide and ensure fairer pricing for Nigerian consumers. The meeting, held at the Nigerian Midstream and Downstream Petroleum …
