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 Federal Government has reduced import tariffs on vehicles, cutting duties on used vehicles from 15 percent to five percent and on brand-new vehicles from 20 percent to 10 percent, in a move to ease costs for Nigerians while reshaping the country's fiscal policy. The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, disclosed …
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 …
Changes in industry conditions can alter a company's credit rating long before the impact appears in its financial statements. DataPro, a leading compliance, corporate governance, and fraud risk management consulting firm in Nigeria, said this in its July Rating Brief. According to the firm, credit assessments go beyond historical financial performance by evaluating how industry …
Oando Plc ended 2025 with a ₦204.81 billion profit, but beneath the headline earnings lies a company grappling with mounting debt, a severe liquidity squeeze, negative shareholders' funds, and regulatory compliance issues that have raised questions about its financial resilience. The oil and gas group's audited financial statements for the year ended December 31, 2025, …
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. …
President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Dr. George Elombi, visited the African Medical Centre of Excellence (AMCE) in Abuja on July 3, 2026, as part of a working tour of Nigeria and the wider region. The visit doubled as a checkpoint on a bold experiment: can Africa …
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 …
