Nigeria's top three cement producers—Dangote Cement, BUA Cement, and HBM Nigeria (formerly Lafarge Africa)—recorded a combined profit after tax (PAT) of approximately ₦1.16 trillion in the first half (H1) of 2026, marking a significant 40.36 per cent growth compared to the same period in 2025. This profit surge was driven by a combination of strong …
As the Federal Government moves to phase out electricity subsidies by 2027 and adopt fully cost-reflective tariffs, there are concerns about the potential impact on Nigerian consumers who are already grappling with rising cost of living. Recently, the Minister of Power, Joseph Tegbe, spoke at a media briefing in Lagos, where he announced that the …
Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has asked former Head of State, Gen. Abdulsalami Abubakar (retd.), to withdraw his claim that the late Gen. Sani Abacha did not loot Nigeria's treasury, apologise to Nigerians and resign as Chairman of the National Peace Committee. Falana said the former military ruler's comments …
In a major crackdown on infrastructure vandalism, the Lagos State Government has arrested 27 suspected hoodlums for allegedly removing critical structural components under the bridge linking Festac Town to Alakija along the Lagos-Badagry Transnational Highway. The bridge was said to have been constructed five years ago. According to a statement by the Commissioner for Environment …
A Senegalese court has sentenced three TikTok influencers to prison over videos deemed insulting to the President of Senegal, Bassirou Diomaye Faye. The judgement of the Senegalese court has, however, sparked concerns, especially among content creators, about freedom of expression and online speech in the West African country. The 46-year-old President Faye was recently appointed …
Candidates of the Nigeria Democratic Congress (NDC) have praised the party's National Leader, Senator Henry Seriake Dickson, following the publication of the party's candidates by the Independent National Electoral Commission (INEC). The candidates said the release of the final list ended weeks of uncertainty surrounding the submission and publication of candidates' particulars, particularly for those …
The Publicity Secretary of the African Democratic Congress (ADC) in Gombe State, Abdulrahman Buba Zaune, has resigned from the party and is expected to join the All Progressives Congress (APC). Zaune announced his resignation in a letter dated August 5, 2026, addressed to the ADC Ward Chairman in Zaune Ward, Dukku Local Government Area. He …
Former Chairperson of the Transition Monitoring Group (TMG), Abiola Akiyode-Afolabi, has expressed concern over increasing political tension ahead of the August 15 governorship election in Osun State, warning that the situation could threaten the credibility of the poll and weaken public confidence in Nigeria's democracy. The human rights lawyer and Associate Professor of Law urged …
The Nigerian stock market’s 228 per cent surge since 2023 has placed the Nigerian Exchange Limited (NGX) among the world’s strongest-performing equity markets. However, the Alliance for Economic Research and Ethics has warned that the rally comes with significant valuation and liquidity risks. In its assessment of the market, the Alliance noted that the NGX …
The Osun State Government has filed a suit against the Economic and Financial Crimes Commission (EFCC) over the freezing of its statutory allocation account, asking the Federal High Court in Abuja to declare the action unlawful and award N2 billion in exemplary damages. The suit, marked FHC/ABJ/CS/1762/2026, was filed on August 5 by Governor Ademola …
